Karak is a cutting-edge platform that serves as the risk management infrastructure for digital assets. It operates as a secure, low-cost, and risk-aware Ethereum Layer 2 solution designed to onboard the next billion users into the world of decentralized finance.
In terms of funding, Karak has seen significant support, with a Series A round raising a substantial $48,000,000 led by Lightspeed Venture. Notable investors in this round include Pantera Capital, Framework Ventures, Bain Capital Ventures, Digital Currency Group, and Mubadala Capital. The project has also received earlier funding through a Seed round amounting to $3,250,000, with key investors such as Framework Ventures and Pantera Capital participating.
The team behind Karak is led by Co-Founder Raouf Ben-Har, who brings valuable expertise to the project. You can learn more about Raouf Ben-Har on LinkedIn and stay updated on Karak's latest developments by following them on Twitter.
Overall, Karak's mission is to revolutionize risk management in the digital asset space, offering a secure and efficient solution on the Ethereum blockchain. With a strong team, notable investors, and a clear vision, Karak is poised to make a significant impact in the world of decentralized finance.
Accelerating the new internet with modular security. Karak is the risk management Layer 2 blockchain supercharging restaking, AI, and a new generation of secure applications designed for the next billion users.
If you are looking for full documentation about Karak here it is.

Here the investors of Karak;

Naval Ravikant

Founder, AngelList

Joey Krug

Partner, Founders Fund

Napoleon Ta

Partner, Founders Fund

Anthony Pompliano

Founder, Pomp Investments

Santiago Roel Santos

Partner, ParaFi Capital

Noah Jessop

Partner, Proof Group

Nikil Viswanathan

Co-founder & CEO, Alchemy

Joe Lau

Co-founder & CTO, Alchemy

+ Others From

Google, Coinbase, and more

Karak XP Guide (Early Access)

1. Welcome to Karak! Start by navigating to the Karak website
2. Enter an invite code to access the Karak XP Program Early Access. Note: referral codes are case-sensitive
3. Once you redeem your invite code, you are redirected to the Karak onboarding page
4. Connect your Twitter
5. Join the Karak Discord
6. Connect Wallet and once a wallet is connected, sign to confirm
7. Once your wallet is analyzed, you will likely be redirected to a "No Karak XP (yet)" page if your wallet has not bridged any assets onto Karak already. You will then have two options
   1. Continue anyway, which leads you to the bridge page to bridge assets onto Karak (Step #8)
   2. Or try another wallet, which lets you try connecting another wallet that may have bridged assets onto Karak already and may have XP already
8. You will then arrive at the bridge page where you can bridge USDC or ETH from Ethereum L1, Arbitrum, or Optimism onto Karak to start earning XP
9. Once you deposit successfully, you will be redirected to the Portfolio page
10. On the Portfolio page, you can see
    1. How much XP you have earned
    2. Your wallets
    3. The amount of USDC and ETH that you have bridged onto Karak
    4. The ability to bridge more assets onto Karak to earn more XP
    5. Referral codes that you can share with others to earn boosted XP
11. Last step, have fun!

Karak XP FAQ (Early Access)

What is the Karak XP Early Access Program?

Karak XP Early Access Program is a special program where users can earn Karak XP in exchange for their participation.

How do I earn XP?

• Bridging assets to Karak: the sooner you bridge assets the more Bonus XP you will get. Any XP you may currently see in your portfolio is Bonus XP for being in Early Access.
• Referring others to Karak: refer as many people as possible with your invite code for Bonus XP.

When does Season 2 end?

Season 2 ends on Wednesday, March 13th, 5PM UTC. After that, we will enter the next phase of the XP program.

What is the difference between Season 1 and Season 2?

Season 2 will have more bridgeable assets, and time-weighted calculations running daily that reward users who deposit and remain bridge.

What are other ways to earn XP?

• Using protocols built on Karak like Subsea, and many more to be announced soon in the coming weeks. Note: there is currently no XP for using Kekswap. You will temporarily forfeit Bonus XP for the amount you put into Kekswap until it's withdrawn to your wallet.
• Participating in the discord (activity/roles), writing content, memes, and more.
• We will be rolling out additional bonus programs for others to earn XP soon.

Do I lose XP if I bridge out?

To maintain your XP, you must ensure that your funds remain bridged for the duration of the Early Access XP Program.

Does the rate of XP change?

The rate of XP is subject to change every week.

What about old ticket holders?

Old ticket holders will receive XP at the end of the XP Program but should participate in the XP Program to further their rewards.

How do referrals work?

• Use the invite codes in your dashboard to refer others.
• You get Bonus XP from the amount of assets your referral bridges into Karak.
• This is computed on a weekly basis.

Where can I get an invite code?

Search for it, there are many avenues to get one. Start with checking official announcements.

Will there be a leaderboard?

Yes the team is currently working on it and will release soon.