Loading...Andalusia Labs, formerly known as RiskHarbor, the global leader in risk management infrastructure for digital assets, has successfully raised $48 million in a Series A funding round, positioning the company’s equity valuation north of $1 billion. Prominent Silicon Valley venture capital firm Lightspeed Venture Partners led the round with participation from Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, a $280 billion global sovereign investor headquartered in Abu Dhabi, and existing investors Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group. Other existing investors include industry giant Coinbase, Proof Group, Nima Capital, Naval Ravikant, and founders, general partners, and executives from leading global organisations.
Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today,” said Ravi Mhatre, Partner at Lightspeed Venture Partners. “Financial institutions and blockchain companies grapple with the absence of robust risk management technologies to safeguard their assets. Raouf, Drew, and their team are the first to fill this gap by delivering mission-critical risk management infrastructure that not only paves the way for wider institutional adoption by an order of magnitude, but also empowers developers to create novel applications that are inherently safe and secure from day one. Lightspeed is excited to partner with them as they aim to bring their infrastructure to every institution, developer, and consumer in the industry.
Andalusia Labs is a collection of leading technology solutions addressing the security challenges prevalent in the blockchain industry including Karak, a revolutionary risk management infrastructure for digital assets; Subsea, a pioneering risk management marketplace for digital assets; and Watchtower, an institutional security platform for digital assets.
Learn more:
https://www.wamda.com/2023/12/mubadala-capital-participates-andalusia-labs-48-million-series
Now let’s dive into the testnet, to position ourselves for a potential airdrop!
Step by Step Guide
Adding Network with Chainlist
– Add Goerli and Karak Network to Metamask.
– Visit: https://chainlist.org/?testnets=true&search=Karak
– Connect Wallet.
– Add “Karak Testnet” network.
– Adding Karak Network Manually: (if chainlist not working)
Network Name: KarakTestnet
RPC: https://goerli.node1.karak.network
Chain ID: 2511
Currency symbol: ETH
Request Faucet
– Request Goerli ETH and USDC.
– Visit: https://alchemy.com/faucets/ethereum-goerli
– Login and drop address for faucet.
Getting USDC from Uniswap Testnet
– Visit: https://app.uniswap.org/swap?chain=goerli
– Use Contract Address: 0xbaf289a8c7A9809E13ac81dC073BD10E051de1Df
– Connect to Goerli Testnet.
– Swap Goerli to USDC on testnet.
Bridging Goerli to Karak
– Visit: https://app.subseaprotocol.com/provide-protection
– Connect Wallet.
– Complete captcha (not working atm), click “RECEIVE” (SKIP for now)
– Select “NEXT” and proceed.
Deposit ETH Goerli — Input amount and Deposit!
Bridging USDC
– Visit: https://app.subseaprotocol.com/provide-protection
– Click ‘Account Balance”
– Select “USDC” from the option.
– Click “Deposit USDC”
– Approve with metamask.
Buy Protection
– Visit: https://app.subseaprotocol.com/buy-protection
– Select “Buy Protection”
– Select first option — some USDC will also be needed for protection.
– Input amount and “Purchase protection”
Deposit in Vault (provide protection)
– Visit: https://app.subseaprotocol.com/provide-protection
– Click on “Provide protection” from the tab.
– Select the option “Karak Testnet Vault”
– Input amount and Deposit.
Join the community
– Discord: https://discord.gg/ZfFXTj8twX
– Twitter: https://twitter.com/AndalusiaLabs
Make sure to join the community and stay connected and informed about new updates and additional tasks!
nice airdrop