Karak has raised $48M in funding from investors like Coinbase and Pantera Capital and has launched an XP campaign. Users who sign up and stake LSTs from Ethereum, Arbitrum or Karak to Karak will earn XPs. Also, earn more XPs from each referral. They don’t have their own token yet but are very likely to launch one in the future. The XPs would likely be converted to their token if the token goes live.

Step-by-Step Guide:

1. Visit the Karak restaking page: https://app.karak.network/
2. Enter the invite code “bkaaC” (case sensitive) and sign up.
3. Connect your Ethereum or Arbitrum wallet.
4. Select a pool and stake your tokens. Karak now supports liquid staking tokens like Lido (wstETH) and Swell (swETH), liquid restaking tokens such as Etherfi (weETH) and Swell (rswETH), as well as stablecoins like USDC and USDT.
5. You can get swETH by staking ETH and rswETH by restaking ETH on Swell. You will also thereby become eligible for the Swell airdrop.
6. You will earn staking rewards, EigenLayer points as well as Karak XPs for staking assets. Also, earn more XPs for referring your friends. They don’t have their own token yet but are very likely to launch one in the future. Users who collect XPs will likely get an airdrop if their token goes live.

For more information regarding the campaign, see this tweet: https://twitter.com/Karak_Network