Major Step Forward for Multi-chain Interoperability
Polkadot’s parachains project just got a big boost.
Section 1: Gavin Wood 0:10 Minutes Gavin Wood’s crypto journey started with Ethereum – he was one of the eight original founders and the project’s CTO in the early days. Today though, he’s busy building Polkadot, a chain that is attempting to improve where Ethereum falls short. After years of development, the ecosystem’s first applications …
A roundup of the second group of winners in the Polkadot parachain auction.
Acala Network won the parachain slot on Polkadot as auction moves into new phase.
Polkadot’s auction of parachains may drive innovation and scalability for a project aims to improve on Ethereum.
Polkadot’s first parachain auction is expected to be a hit with $800M already committed.
Acala, the Ethereum-compatible DeFi and liquidity hub of Polkadot, has launched Liquid Crowdloan DOT (lcDOT) ahead of its upcoming crowdloan event. The product joins Acala’s suite of derivative products including its recently launched KSM Liquid Staking product (LKSM), now available on Karura, as well as DOT Liquid Staking (LDOT), which will launch on Acala.
Trading is now live on Karura Swap, the First Decentralized Exchange in the Polkadot & Kusama Ecosystem. Karura Swap has opened trading for the KSM/KAR pair, which currently has $3,410,992.00 in Total Value Locked thanks to Karura Swap’s “Bootstrap” mechanism.
Today we’re covering Karura but in order to understand it we have to define its relationship to Kusama as well as Kusama’s relationship to Polkadot, not to mention Karura’s relationship to Acala. But I’ll do my best to make it as clear as possible because what’s being built here, particularly in DeFi could be really …
Kusama, Karura and the Crazy World of Crowdloans Read More »
