Chakra and Binance Web3 Wallet jointly launch the Babylon pre-staking event to enhance Bitcoin liquidity.

Deep Tide TechFlow News, July 31, according to official sources, Chakra and Binance Web3 Wallet will jointly launch the Babylon pre-staking event on August 1, 2024, at 08:00 (UTC). This event provides participants with potential rewards from Babylon and Chakra Prana, with the opportunity to receive rewards from other ecological tokens in the settlement system in the future. In the recent Babylon testnet activities, Chakra, as the network's leading Finality provider in terms of staking volume, contributed 41% of the network's staking users to the Babylon ecosystem.

Chakra is an innovative modular settlement infrastructure that uses zero-knowledge proof technology to ensure decentralized security and efficiency. By integrating decentralized Bitcoin liquidity, Chakra provides a more secure and seamless settlement experience. Users can easily stake Bitcoin with one click, utilize Chakra's advanced settlement network, and participate in more liquidity profit opportunities, including the LST/LRT projects in the Babylon ecosystem.