Staking · Restaking · KARAK
Karak is a restaking layer that accepts a broad range of assets across multiple chains to secure Distributed Secure Services (DSS). DeFiLlama has no live adapter as of 2026-06-25, so metrics are curated until resolved.
Multi-asset, multi-chain restaking.
Broad multi-asset, multi-chain collateral support with its own DSS framework and the K2 testnet sandbox.
A universal, asset- and chain-agnostic restaking layer. Users (stakers) deposit assets such as ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and stablecoins into operator vaults to provide shared economic security. Karak introduces multi-asset restaking so a DSS can be secured by a basket of assets rather than a single one.
A DSS is a web service built on the Karak Restaking Protocol that leases pooled economic security from restaked assets. Any infrastructure platform, oracle network, cross-chain bridge, or data-availability layer can register as a DSS; operators allocate restaked vaults to a DSS, perform tasks for rewards, and can be slashed for misbehavior.
A risk-management L2 built on top of Karak that leverages services provided by DSSs. K2 serves as the de facto sandbox for DSSs to develop, test, and launch mission-critical protocol upgrades before enshrining services on L1, avoiding prohibitively expensive L1 operations.
Operators run infrastructure and choose which DSSs to allocate funds to; each asset accepted by an operator has a separate vault. Stakers deposit into these vaults and receive shares proportional to their deposit relative to total vault assets.
$48,000,000 Series A (Dec 2023) at a valuation north of $1B, led by Lightspeed Venture Partners
TechCrunch - Andalusia Labs raises $48M Series ACode4rena audit (Jul 16-30, 2024): 9 unique vulnerabilities (4 High, 5 Medium) plus 15 low/non-critical across ~2,997 LoC in 20 contracts
Code4rena - Karak Restaking Findings & Analysis ReportHow Karak maps onto established TradFi structures, and where it diverges.
Reinsurance / shared collateral pools
Karak
Like reinsurance, Karak lets a common pool of capital (restaked assets) underwrite the security of many independent services (DSSs) simultaneously, spreading economic backing across participants.
TradFi analogue
Karak's guarantees are enforced on-chain via slashing of staked crypto assets rather than legal contracts; capital is programmable, permissionless to supply, and multi-asset rather than fiat-denominated reserves.
Andalusia Labs
Developer / parent company The company behind Karak, alongside the Subsea risk-management marketplace and the Watchtower institutional platform. Raised a $48M Series A in December 2023 at a >$1B valuation and opened a global HQ in Abu Dhabi.
Series A
2023-12-13$48M
Key milestones: launches, upgrades, exploits and governance events.
Code4rena audit completed
ExecutedThe Code4rena audit of Karak restaking contracts concluded, surfacing 9 unique vulnerabilities (4 High, 5 Medium) plus 15 low/non-critical reports across ~2,997 lines of Solidity in 20 contracts.
SourceCode4rena mitigation review
ExecutedA follow-up Code4rena mitigation review (Sept 10-16, 2024) verified fixes to the issues identified in the July audit.
SourceKarak is a universal, multi-asset, multi-chain restaking protocol. It lets users restake assets like ETH, LSTs, LRTs, and stablecoins to provide pooled economic security to Distributed Secure Services (DSSs) in exchange for rewards.
A DSS is a service built on Karak (such as an oracle network, bridge, or data-availability layer) that leases economic security from restaked assets. Operators allocate restaked vaults to a DSS and can be slashed for misbehavior.
K2 is a risk-management L2 built on top of Karak. It acts as a sandbox where DSSs can develop, test, and launch upgrades before deploying to L1, since running everything directly on L1 can be prohibitively expensive.
Karak introduces multi-asset restaking, letting restakers secure a DSS with a basket of assets rather than only ETH. This is intended to prevent a single asset's failure from compromising a DSS.
Karak is built by Andalusia Labs, which also builds the Subsea risk-management marketplace and the Watchtower institutional security platform. Andalusia Labs raised a $48M Series A in December 2023 at a valuation north of $1 billion.
