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>>Arkade Protocol teams up with Chimera Wallet to offer Bitcoin L2 self‑custody prior to the May token generation event.

Arkade Protocol teams up with Chimera Wallet to offer Bitcoin L2 self‑custody prior to the May token generation event.

crypthub

5/13/2026, 1:00:18 PM

Arkade Protocol Overview

Arkade is a Bitcoin Layer‑2 that uses virtual UTXOs (VTXOs) to enable near‑instant, low‑cost transactions without channel management or custodial trust. The mainnet launched in October 2025 and has raised $7.7 million from Tether, Tim Draper, Anchorage Digital and Ego Death Capital. VTXOs settle on‑chain on demand, giving users the speed of Lightning while keeping custody fully in their own hands. The protocol is positioned as the first Bitcoin L2 that delivers self‑custody, speed, low cost and low complexity together.

Chimera Wallet Architecture

Chimera Wallet is the first consumer super‑app built natively on Arkade and operates as a non‑profit association, removing any incentive to extract value from users. The wallet never holds funds, takes no spread, and stores private keys only on the user’s device, ensuring true non‑custodial use. It runs as a Progressive Web App, avoiding App Store restrictions and allowing instant installation from any browser. A $15 million backing from Nimbus Capital reinforces the platform’s infrastructure and token launch slated for May 27 2026.

Pre‑TGE Entry Mechanics

Before the token generation event, users can fund the wallet to start self‑custodial Bitcoin, Lightning and Arkade transactions. An open referral program pays a base 20% share of platform fees, rising to 60% for holders of the CEXT token, with no caps or expiration. The CEXT token allocation places 90% of supply in the market, emphasizing community distribution. Acting now lets users set up funding, referrals and reward accrual ahead of the public launch, positioning them for immediate participation once the TGE occurs.