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OpenGDP Profile picture
@OpenGDP
Nov 17 • 3 tweets • 1 min read • Read on X
1/ Karak → OpenGDP

The Global Base Layer for Programmable GDP
2/ New name, same mission: market infrastructure to tokenize, trade, and coordinate on a global base layer.

ONS lets nation-states, institutions, and developers create bespoke networks with shared security.

Redirects are live. Devnet this week.

Read: blog.opengdp.network/hello-gdp
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More from @OpenGDP

OpenGDP Profile picture
Nov 12, 2024
V2 Update🍊

Nearly all remaining chains and assets have been successfully migrated and are live on Karak V2 Mainnet

Staking and delegation have been enabled for @swellnetworkio, @0xMantle, @lista_dao, @SolvProtocol and many more

Get started: v2.karak.network x.com/Karak_Network/…
1) K2: migration has been successfully enabled for USDC, rswETH, wETH

2) @0xMantle: migration has been successfully enabled for mETH

3) @BNBCHAIN: instant withdrawals has been enabled for slisBNB, lisUSD, solvBTC so users can withdraw immediately on V1 and redeposit on V2
Enabling migration for Ethereum Mainnet and all assets is being wrapped up as we speak

An additional set of networks will begin rolling out shortly as well

The only reason this part was a bit slow was to ensure maximal security

After this gets completed it gets fun
Read 5 tweets
OpenGDP Profile picture
Jun 25, 2024
Salam World

Introducing @Wormhole: The First Distributed Secure Service (DSS) on Karak

A flexible, extensible, and scalable integration enhancing security for users moving assets or messages across networks, supercharged by Karak

Universal Security Acceleration🍊🌪️
Wormhole is developing two key DSS's on Karak:
1) Decentralized Validator Network for Native Token Transfers (NTT)
2) Decentralized Relay Network
A DSS is a decentralized software service built on Karak, leveraging restaked assets for security and scalability. It is flexible, extensible, and scalable, making it suitable for everything from basic utilities to sophisticated protocols and infrastructure designs like Wormhole
Read 8 tweets
OpenGDP Profile picture
Apr 9, 2024
Salam Rak Rangers

Yesterday we soft launched Karak Private Access and grew to over 100M+ TVL in less than 24 hours

Due to this rapid growth, we also wanted to take a moment to reclarify and discuss the utmost priority to us as a community

Security
Our approach to engineering and writing smart contracts is to keep it simple, readable, and build on battle-tested components
Over the past several months, we have built a great relationship with @bytes032 and his world-class team @milotruck @HollaWaldfee100 at @RenascenceLabs

Among many things, they provided support in auditing K2 (L2 built for Karak) as well as leading the audit for Karak Restaking
Read 8 tweets
OpenGDP Profile picture
Apr 8, 2024
Salam

We recently announced our $48M Series A at $1B+ to accelerate universal security for @Ethereum and beyond

Today we're excited to provide a peek into the Karak endgame

The universal restaking layer powered by the entire cryptoeconomy across every asset and every chain 🍊 Image
Why restaking for everyone?

Karak makes it easy to provide cryptoeconomic security with any asset, unlocking a new design space for developers to seamlessly and securely create innovative infrastructure designs
In the end, the security of a restaked protocol is measured by the dollars of economic security

These dollars can be provided in assets beyond ETH without sacrificing security
Read 19 tweets

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