Chakra, a Bitcoin re-staking protocol based on zero-knowledge technology, announced the completion of a new round of financing on the X platform. StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs and others participated in the investment. The specific amount and valuation information have not been disclosed.
Chakra allows users to retain asset ownership while pledging Bitcoin, allowing users to participate in the consensus and governance of PoS blockchains (including Bitcoin L2), and promote the creation of derivatives that interact with DeFi applications.