Chakra protocol

Confirmed TVL

<1%

Delegations

<1%

Staker

<1%

Confirmed TVL

<1%

Delegations

<1%

Staker

<1%

Points

Stake

Staking History

Leaderboard

Points earned

Active stake:

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+10% Points

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Points Details

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Type

Daily Points

Total Points

Staking

Referrals

FAQ

What is Chakra ?

Chakra is a ZK-driven, trustless Bitcoin settlement network featuring a restaking protocol. By harnessing ZK-STARKs and a middleware chain, the Chakra network establishes a modular-native paradigm for the extended BTC ecosystem from day 1.

How Does Bitcoin Staking Work?

Signet Bitcoin holders lock their Signet Bitcoin using the trustless and self-custodial Bitcoin Staking script for a predetermined time (timelock) in exchange for voting power in an underlying PoS protocol. In return, Bitcoin holders earn PoS staking rewards.

Finality providers perform the voting. A Signet Bitcoin staker can create a finality provider and self-delegate or delegate its voting power to a third-party finality provider.

If a finality provider attacks the PoS system, the Signet Bitcoins behind the delegated voting powers are subject to protocol slashing, deterring attacks on the PoS system.

What Is the Goal of This Testnet?

The testnet aims to ensure the security of staked Bitcoins by testing user interactions with the Signet BTC network. This lock-only network will not operate any PoS chain, meaning the only participants will be finality providers and Signet Bitcoin stakers.

What is the Relationship Between Chakra and Babylon? What are the Differences in Staking?

Chakra partners with Babylon as the Finality Provider node for Babylon in this Testnet staking campaign. Staking on Chakra allows users to complete both Babylon’s and Chakra’s staking tasks, earning double participation rewards. In contrast, staking on Babylon’s staking dApp only provides rewards from Babylon.

Why Staking on Chakra Completes Babylon’s Staking Events?

The staking event is a time-lock transaction occurring on Bitcoin, detected by both Babylon's indexer and Chakra's indexer. This dual detection allows task completion to be recognized by both platforms on Galxe.

Does My Signet Bitcoin Leave My Wallet Once Staked?

Yes, your Signet Bitcoin leaves your wallet and is locked, making it unavailable in your wallet balance. However, it is not sent to any third party. It is locked in a self-custodial contract you control, requiring your approval for any subsequent movement. You are the only one who can unbond the stake and withdraw.

Do I Get Rewards for Staking?

Absolutely. By participating in the Chakra testnet activity on Galxe, you will be eligible to receive the NFT issued by Chakra on the Starknet mainnet.

Why Choose Chakra?

Versatile Staking Proofs: Staking proofs can be verified on any PoS blockchain, allowing stakers to participate in consensus and governance, including Bitcoin L2s.

Proven Staking Events: Staking events are validated through zero-knowledge proofs, which can be verified on-chain via a ZK light client.

Multiple Rights and Services: Staking proofs can be verified in various locations, granting stakers multiple rights and access to a spectrum of services maintained by stakers.

What is the Future Development of Chakra?

Currently, like Babylon, we use an indexer to capture events on Bitcoin, which will be implemented in the preliminary version called Chakra Chain. The ultimate version of the Chakra Protocol will use ZKP (Zero-Knowledge Proof) to capture events on Bitcoin.

2024 Chakra Protocol, Inc