Bitcoin re-staking protocol Chakra completes new round of financing, StarkWare and others participate

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