Karak was one of the loudest names of the 2024 restaking boom: a $1 billion valuation, deposits across five networks and an XP program that drew comparisons with EigenLayer. Two years later the picture is murkier. The XP campaign that most farmers remember ran from February 2024 to January 2025, the KAR token was announced but has not had a public airdrop, and in 2026 the karak.network domain began redirecting to a new project called OpenGDP. If you still hold a Karak position or XP, this guide focuses on what can be verified, what cannot, and how to get your funds back under your own control safely.
What Karak was built to do
Karak described itself as a “universal restaking” layer. Where EigenLayer began with ETH and liquid staking tokens, Karak accepted a wider set of assets, including stablecoins, liquid staking tokens and liquid restaking tokens, and let new services called Distributed Secure Services (DSS) rent that pooled capital as economic security. Operators ran the DSS software; restakers’ deposits sat in Karak vaults and could, in principle, be slashed if an operator misbehaved.
The project was developed by Andalusia Labs and raised a $48 million Series A in December 2023 with backers including Coinbase Ventures and Pantera Capital, at a reported valuation above $1 billion. It also launched K2, its own L2, alongside deposits on Ethereum, Arbitrum, Mantle and BNB Smart Chain. Between 28 October and 19 November 2024 Karak migrated to a V2 mainnet, network by network, ending on Ethereum.
Official resources: karak.network (now redirecting to OpenGDP), the Karak documentation (not loading correctly at the time of writing), and the staking apps linked from opengdp.network: V1 staking at app.karak.network, V2 staking at v2.karak.network and the K2 bridge at k2bridge.karak.network.
How Karak XP worked
Karak XP was a points score for restakers and referrers. The rules that guides documented at the time:
- Restaking supported assets earned XP over time, scaled by deposit size.
- Asset multipliers applied to certain deposits, for example a 2x boost on Mantle’s mETH, and Ethena’s sUSDe earned Ethena Sats on top.
- Referrals paid 10% of the XP your referred users accumulated.
- Pendle markets offered indirect exposure: yield tokens on Karak-related pools carried high XP multipliers that decayed towards maturity.
Third-party trackers date the early-adopter campaign from 27 February 2024 to 31 January 2025. Karak never published a fixed XP-to-token rate, and guides at the time stressed that XP did not guarantee any allocation.
The KAR token: announced, not distributed
In January 2025 the Karak Network Foundation announced KAR as the network’s foundational asset, positioned to sit alongside BTC and other assets in securing the “Karak Network Stack” of specialised chains. Beyond that announcement, the public record is thin. At the time of writing we found no official tokenomics, no published airdrop allocation and no live claim page, and aggregator FAQs still state that a launch date has not been announced.
That gap matters because many XP holders expected a token in 2025. Nothing official has replaced that expectation with a date.
OpenGDP and what it means for Karak users
In May 2026 a new site, OpenGDP, published its first post introducing itself as a “global base layer for programmable GDP”, focused on stablecoin settlement, tokenised instruments and institutional workflows. The karak.network domain now issues a permanent redirect to opengdp.network, and the OpenGDP footer links the Karak V1 staking app, the V2 staking app and the K2 bridge. An OpenGDP Foundation page describes a non-profit focused on the OpenGDP network.
What the OpenGDP pages do not say is equally important: they do not mention KAR, XP, a migration plan for restakers or a conversion of Karak points. The relationship is evident from the shared links and redirect, but the terms for existing users have not been published. Until they are, treat any claim that “Karak XP converts to OpenGDP tokens” as unverified.
| Item | Verified status at the time of writing |
|---|---|
| XP campaign | Early-adopter period tracked as Feb 2024 – Jan 2025; no new season announced |
| KAR token | Announced January 2025; no public airdrop or claim found |
| Main domain | karak.network redirects to opengdp.network |
| Docs | docs.karak.network returning a certificate error |
| Staking apps | V1, V2 and K2 bridge still linked from OpenGDP |
What to do if you still have funds in Karak
- Find which version holds your deposit. Deposits made before the late-2024 migration may sit in V1 vaults; later deposits are in V2. Use the V1 and V2 links from opengdp.network, not search results.
- Check each network you used. Karak supported Ethereum, Arbitrum, Mantle, BNB Smart Chain and K2. A forgotten Mantle or Arbitrum deposit is easy to overlook.
- Start a withdrawal if you no longer want exposure. Restaking withdrawals typically require a request followed by a waiting period before funds can be finalised. Note the transaction hash of the request and come back to complete it.
- Bridge K2 assets back carefully. If you used K2, use the k2bridge link from the official footer and test with a small amount.
- Record your XP and positions. Take screenshots of any XP or points dashboard that still loads, with the wallet address visible. If an official conversion is ever announced, you will have a record.
- Revoke old approvals to Karak vault contracts once you have withdrawn, using a reputable approval checker.
Risks specific to Karak positions now
- Project transition risk. When a protocol’s front-end and documentation change hands or purpose, interfaces can be retired. Withdrawing while the apps are still linked is safer than waiting.
- Documentation gaps. With the docs domain not loading, contract addresses and withdrawal rules are harder to verify. Cross-check addresses against your own past deposit transactions on a block explorer.
- Slashing design. Karak’s model allowed DSSs to slash restaked assets for operator faults. Even if few services were live, that design risk stays with the vault until you exit.
- Underlying asset risk. Many deposits were liquid restaking tokens (for example weETH or rswETH) or yield-bearing stablecoins, each with its own depeg and contract risk layered under Karak.
- K2 and bridge risk. Assets on Karak’s own L2 depend on that chain and its bridge continuing to operate.
- Expectation risk. Holding a position only in hope of a KAR airdrop means accepting all of the above for a reward that has no published terms.
Spotting fake Karak and KAR claim pages
- No KAR claim has been published. Every “Karak airdrop checker” currently circulating is unofficial.
- Expect scammers to exploit the OpenGDP transition with “migrate your Karak XP” or “OpenGDP token claim” pages. Only trust links that appear on opengdp.network itself or the project’s verified X account (@OpenGDP, linked from that site).
- Legitimate subdomains seen in the official footer are app.karak.network, v2.karak.network and k2bridge.karak.network. Lookalikes such as “karak-network”, “karakclaim” or other TLDs are not official.
- A withdrawal never requires your seed phrase or a “verification” signature granting token approvals to a new contract.
FAQ
Is the Karak airdrop live?
No official KAR airdrop or claim has been published at the time of writing.
Is Karak shutting down?
There is no public shutdown notice. The main domain now redirects to OpenGDP, which still links the Karak staking apps, but terms for existing users have not been announced.
Can I still earn XP?
No new XP season has been announced. The documented campaign ended in January 2025.
How do I withdraw?
Use the V1 or V2 staking app linked from opengdp.network, request the withdrawal, wait out the delay, then complete it.
Verdict
Karak’s restaking rewards story has stalled: XP accrued, KAR was announced, and the brand has since been folded behind a new project with no published plan for points holders. For most users the sensible move is to locate every deposit, withdraw through the officially linked apps while they are available, keep a record of XP and ignore any “conversion” page not published on opengdp.network. Restaking positions carry real loss risk, and that risk does not pause while a project changes direction.
