KoinlyticsKarak (from the Andromeda / Andromeda Labs team) is the third major restaking protocol. It differs from EigenLayer and Symbiotic in two axes: multi-asset collateral by default and multi-chain deployment.
Multi-asset restaking
Karak accepts a broad basket: ETH, LSTs, BTC-pegged assets, stablecoins, LRTs. Distributed Secure Services (DSSs) pick which collateral types they accept.
Multi-chain
Karak is deployed on Ethereum, Arbitrum, Karak L2, and others. Same DSS can source security across chains, reducing chain-specific concentration.
K2 rollup thesis
Karak launched K2, a rollup that inherits security from restaked deposits. This is Karak's answer to EigenDA-style AVS models: instead of just data availability, an entire rollup uses restaked collateral as its economic security layer.
Trade-offs
- Multi-asset is more flexible but complicates slashing math (correlated risks across assets).
- Multi-chain adds bridge risk.
- Smaller TVL than EigenLayer or Symbiotic = smaller AVS ecosystem.
Where Karak fits
Best for AVSs that want non-ETH collateral without the operator complexity of Symbiotic. Best for teams building on Karak's L2. Not yet at the scale of EigenLayer for pure ETH-collateralized services.