Chakra has reached a strategic cooperation with Babylon

ChainCatcher news, according to official sources, the Bitcoin re-staking protocol Chakra has reached a strategic partnership with Babylon, aiming to co-build a more secure and reliable Bitcoin liquidity ecosystem.

It is reported that Chakra aims to address the challenges of liquidity and interoperability in the BTC network, efficiently and securely mapping BTC staked through Babylon to any ecosystem based on ZK-STARK proof of stake and ZK light clients, empowering numerous BTC Layer 2 and decentralized applications (DApps).

At the same time, the upcoming decentralized Bitcoin settlement network from Chakra not only allows stakers to share multi-layer validation rewards but also further ensures and enhances the security of the PoS consensus.