The first Modular Settlement Layer. Fast and Secure. Easy to Integrate. Unlock Bitcoin's liquidity across every blockchain.
ChakraChakra: The First Modular Settlement Layer for Unified Bitcoin Liquidity
In the current crypto ecosystem, Bitcoin liquidity is facing significant wastage and fragmentation issues. Despite Bitcoin occupying half of the total market capitalization of cryptocurrencies, over 66% of Bitcoin has not moved within a year, resulting in over $900 billion in liquidity not being released. Additionally, the proliferation of Bitcoin Layer 2 networks further fragments liquidity. Current Bitcoin settlement solutions each have their own bottlenecks, severely impacting user experie...
ChakraChakra Protocol: Bitcoin Restaking using Zero-Knowledge Proofs
Bitcoin RestakingBitcoin, with its market cap now reaching an astounding 1 trillion dollars, has positioned itself as a form of digital gold. However, at present, it largely remains an idle asset. Most BTCs lie dormant in users' cold wallets and in various exchanges around the globe, rather than actively participating in blockchain networks or generating benefits for their holders. The potential of Bitcoin, thus, extends far beyond its current use and application. The goal of the Chakra ...
ChakraBitcoin Scalability Part III: Introspection & Covenant
OverviewCompared to Turing-complete blockchains like Ethereum, Bitcoin scripting is considered to be highly restrictive, capable only of basic operations, and it even lacks support for multiplication and division. More importantly, the blockchain's own data is almost inaccessible to scripts, resulting in a significant lack of flexibility and programmability. Hence, there has been a long-standing effort to enable Bitcoin scripts to achieve introspection. Introspection refers to the abilit...
ChakraChakra: The First Modular Settlement Layer for Unified Bitcoin Liquidity
In the current crypto ecosystem, Bitcoin liquidity is facing significant wastage and fragmentation issues. Despite Bitcoin occupying half of the total market capitalization of cryptocurrencies, over 66% of Bitcoin has not moved within a year, resulting in over $900 billion in liquidity not being released. Additionally, the proliferation of Bitcoin Layer 2 networks further fragments liquidity. Current Bitcoin settlement solutions each have their own bottlenecks, severely impacting user experie...
ChakraChakra Protocol: Bitcoin Restaking using Zero-Knowledge Proofs
Bitcoin RestakingBitcoin, with its market cap now reaching an astounding 1 trillion dollars, has positioned itself as a form of digital gold. However, at present, it largely remains an idle asset. Most BTCs lie dormant in users' cold wallets and in various exchanges around the globe, rather than actively participating in blockchain networks or generating benefits for their holders. The potential of Bitcoin, thus, extends far beyond its current use and application. The goal of the Chakra ...
ChakraBitcoin Scalability Part III: Introspection & Covenant
OverviewCompared to Turing-complete blockchains like Ethereum, Bitcoin scripting is considered to be highly restrictive, capable only of basic operations, and it even lacks support for multiplication and division. More importantly, the blockchain's own data is almost inaccessible to scripts, resulting in a significant lack of flexibility and programmability. Hence, there has been a long-standing effort to enable Bitcoin scripts to achieve introspection. Introspection refers to the abilit...
The first Modular Settlement Layer. Fast and Secure. Easy to Integrate. Unlock Bitcoin's liquidity across every blockchain.
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We are thrilled to launch Phase 2 of the Chakra Testnet Chronicles on June 5, 2024, at 9 AM UTC.
In this phase, you are invited to stake your Signet Bitcoin on either Chakra Staking dApp, or on Babylon Staking dApp with Chakra as the finality provider. In either way, your staked assets will be delegated to Chakra, the finality provider for Babylon. This means that with just one staking transaction, you can enjoy dual staking experiences on both the Chakra and Babylon Testnets, potentially earning rewards from both platforms simultaneously.
Staking Activation: Staking will be enabled at Signet BTC block height 198,665, expected between 9 AM and 10 AM UTC on June 5, 2024.
Chakra Phase 2 Campaign on Galxe: https://app.galxe.com/quest/aydf7GzQjfLYoHLK266faV/GCccBtdSeA
Chakra Staking dApp: https://btcstaking.testnet.chakrachain.io/
Staking Guide for Chakra Testnet:
Dual Staking Experiences: Stake once, and benefit from dual staking experiences on Chakra and Babylon. Upon staking confirmation, you can view your staking transactions in the Staking History section on both platforms.
Dual Staking Bonuses: Verify your staking task on both Chakra’s and Babylon’s Galxe campaigns after staking on Chakra or Babylon. Receive a special gift from Chakra and a Mystery Box from Babylon as a reward for your early participation.
Staking Duration: Stake your Signet Bitcoin for a fixed duration of 448 days.
Unbonding and Withdrawal: Stakers can unbond and withdraw their stake at any time, with an unbonding period of 7 days.
Staking Limits: The staking cap is set at 50 Signet Bitcoins. The minimum stake per transaction is 0.0005 Signet Bitcoin, and the maximum is 0.05 Signet Bitcoin.
In Phase 1: Aqua Dropping, stakers received Signet Bitcoin airdrops from Chakra. Now, in Phase 2, it’s time for the water drops to merge into the ocean. Note that Phase 1 is not a prerequisite for Phase 2, and tasks completed in Phase 1 will be automatically verified in Phase 2 on Galxe.
Follow Chakra on X
Join Chakra on Telegram
Obtain the Aqua role in the Chakra Discord server
Retweet & Like the Phase 2 post
Stake Signet Bitcoin:
On Chakra Staking dApp or
On Babylon’s Staking dApp, selecting Chakra as the finality provider
You will be asked to bind your Signet Bitcoin address before verifying the staking task completion on Galxe.
Please refer to this comprehensive guide for detailed instructions on:
Setting up OKX wallet
Obtaining Signet Bitcoin tokens
Staking Signet Bitcoin
Verifying the staking task
Chakra Aqua symbolizes the unity of Bitcoin holders, like water drops merging into a vast ocean. This commemorative NFT celebrates the Chakra Testnet launch and the inaugural ZK-driven Bitcoin restaking event. Deployed on Starknet Mainnet, available for free minting, and designed to be transferrable. Chakra Aqua honors your early participation in revolutionizing Bitcoin's financial landscape. Each NFT, inscribed with a unique serial number, represents your foresight and commitment to Bitcoin innovation.
Initial Chakra Aqua NFTs (1-30) are reserved for early supporters, with subsequent NFTs starting from #31.
Phase 2 of the Chakra Testnet offers an opportunity to test staking mechanisms in a live environment and gather valuable feedback from our community. We encourage everyone to participate and share their experiences.
Join us in Phase 2 of the Chakra Testnet Chronicles, and we look forward to your involvement!
We are thrilled to launch Phase 2 of the Chakra Testnet Chronicles on June 5, 2024, at 9 AM UTC.
In this phase, you are invited to stake your Signet Bitcoin on either Chakra Staking dApp, or on Babylon Staking dApp with Chakra as the finality provider. In either way, your staked assets will be delegated to Chakra, the finality provider for Babylon. This means that with just one staking transaction, you can enjoy dual staking experiences on both the Chakra and Babylon Testnets, potentially earning rewards from both platforms simultaneously.
Staking Activation: Staking will be enabled at Signet BTC block height 198,665, expected between 9 AM and 10 AM UTC on June 5, 2024.
Chakra Phase 2 Campaign on Galxe: https://app.galxe.com/quest/aydf7GzQjfLYoHLK266faV/GCccBtdSeA
Chakra Staking dApp: https://btcstaking.testnet.chakrachain.io/
Staking Guide for Chakra Testnet:
Dual Staking Experiences: Stake once, and benefit from dual staking experiences on Chakra and Babylon. Upon staking confirmation, you can view your staking transactions in the Staking History section on both platforms.
Dual Staking Bonuses: Verify your staking task on both Chakra’s and Babylon’s Galxe campaigns after staking on Chakra or Babylon. Receive a special gift from Chakra and a Mystery Box from Babylon as a reward for your early participation.
Staking Duration: Stake your Signet Bitcoin for a fixed duration of 448 days.
Unbonding and Withdrawal: Stakers can unbond and withdraw their stake at any time, with an unbonding period of 7 days.
Staking Limits: The staking cap is set at 50 Signet Bitcoins. The minimum stake per transaction is 0.0005 Signet Bitcoin, and the maximum is 0.05 Signet Bitcoin.
In Phase 1: Aqua Dropping, stakers received Signet Bitcoin airdrops from Chakra. Now, in Phase 2, it’s time for the water drops to merge into the ocean. Note that Phase 1 is not a prerequisite for Phase 2, and tasks completed in Phase 1 will be automatically verified in Phase 2 on Galxe.
Follow Chakra on X
Join Chakra on Telegram
Obtain the Aqua role in the Chakra Discord server
Retweet & Like the Phase 2 post
Stake Signet Bitcoin:
On Chakra Staking dApp or
On Babylon’s Staking dApp, selecting Chakra as the finality provider
You will be asked to bind your Signet Bitcoin address before verifying the staking task completion on Galxe.
Please refer to this comprehensive guide for detailed instructions on:
Setting up OKX wallet
Obtaining Signet Bitcoin tokens
Staking Signet Bitcoin
Verifying the staking task
Chakra Aqua symbolizes the unity of Bitcoin holders, like water drops merging into a vast ocean. This commemorative NFT celebrates the Chakra Testnet launch and the inaugural ZK-driven Bitcoin restaking event. Deployed on Starknet Mainnet, available for free minting, and designed to be transferrable. Chakra Aqua honors your early participation in revolutionizing Bitcoin's financial landscape. Each NFT, inscribed with a unique serial number, represents your foresight and commitment to Bitcoin innovation.
Initial Chakra Aqua NFTs (1-30) are reserved for early supporters, with subsequent NFTs starting from #31.
Phase 2 of the Chakra Testnet offers an opportunity to test staking mechanisms in a live environment and gather valuable feedback from our community. We encourage everyone to participate and share their experiences.
Join us in Phase 2 of the Chakra Testnet Chronicles, and we look forward to your involvement!
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