TechFlow news — On July 31, an official announcement revealed that Chakra and Binance Web3 Wallet will jointly launch the Babylon pre-staking event on August 1, 2024, at 08:00 (UTC). This initiative offers participants dual rewards from potential Babylon yields and Chakra Prana, with future opportunities to earn additional ecosystem tokens within the settlement system. During the recent Babylon testnet campaign, Chakra ranked first globally as a Finality provider in total staked volume, contributing 41% of all network stakers to the Babylon ecosystem.
Chakra is an innovative modular settlement infrastructure leveraging zero-knowledge proof technology to ensure trustless security and high efficiency. By aggregating fragmented Bitcoin liquidity, Chakra delivers a more secure and seamless settlement experience. Users can easily one-click stake Bitcoin and leverage Chakra’s advanced settlement network to access greater liquidity yield opportunities, including LST/LRT projects within the Babylon ecosystem.
