Description
Chakra is a modular settlement network designed to address liquidity fragmentation through its cross-chain Proof-of-Stake (PoS) architecture and a shared settlement layer. It facilitates the secure bridging of native Bitcoin (BTC) and BTC-derived assets across various ecosystems, aiming to unlock Bitcoin's full potential. The platform reports over $114 million in Total Value Locked (TVL), more than 50,000 users, and integrations with over 20 blockchains. As a staking platform, Chakra Protocol enables users to stake Bitcoin on the Babylon protocol to gain priority access to opportunities like airdrops. The protocol features a points system called 'Prana' and manages unstaking in weekly batches based on Babylon's 7-day cycle. Its technical design emphasizes efficient transaction processing, scalability, and enhanced security through shared consensus.