The Bitcoin re-staking protocol Chakra has completed a new round of financing, with participation from StarkWare and others

ChainCatcher news, the Bitcoin re-staking protocol Chakra based on zero-knowledge technology announced the completion of a new round of financing on platform X, with participation from StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs, among others. Specific amounts and valuation information have not yet been disclosed.

According to the Web3 asset data platform RootData, Chakra is a Bitcoin re-staking protocol based on ZK proofs. It utilizes STARK to prove staking events on Bitcoin and verify proofs on the second-layer chain.