Bitcoin re-staking protocol Chakra integrates with Babylon

05/23 09:49

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The Bitcoin re-collateralization protocol Chakra based on zero-knowledge technology announced that it has integrated with the Bitcoin collateralization protocol Babylon. Chakra can map BTC collateralized through Babylon to any ecosystem through the trustless settlement service/layer of the Chakra network. Babylon uses BTC collateralized through Chakra to ensure the security of its PoS system within the protocol and allows pledgers to share verification rewards. The ZK-STARK collateral proof generated by Chakra enables users to obtain liquid assets on Chakra Chain, Starknet, and other various blockchains. In addition, the cooperation between Chakra and Babylon extends to other fields, including introducing Babylon's Bitcoin equity protocol into different consensus protocols.

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