DeFi hub Karura emerges as first Kusama parachain slot auction winner
Polkadot’s canary network, Kusama, is set to see decentralized finance hub Karura become the first parachain. Karura network has emerged as the winner of the maiden Kusama parachain slot auction.According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as the first Kusama parachain.In total, Karura locked up over 5,000 KSM currently valued at $90 million based on the Kusama market price as of the time of writing. Earlier in June, United States crypto trading platform Kraken....
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Moonbeam’s Moonriver emerged as the winner of the second round of the Kusama parachain auctions, claiming its slot on the Kusama parachain. Kusama’s second parachain slot auction ended on block 8,051,569, with Moonriver winning the auction after 205,935 KSM was bonded to its project. More than 6,000 contributors are backing Moonriver via its crowdloan program […]
The first Kusama parachain auction could happen by mid-June if the council votes in favor of a recently released tentative schedule. Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time.The tentative schedule, subject to the approval of the Kusama Council and other KSM stakeholders, will see the maiden parachain auction concluded by June 17, with the bidding period continuing....
The leading United States digital currency exchange is backing Acala, Polkadot’s all-in-one DeFi hub. Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem.The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host of DeFi capabilities on Polkadot, as well as Karura, which is building a DeFi ecosystem on Kusama. Acala has already built four core products for the Polkadot ecosystem:....
The first Kusama parachain slot auction will now commence and is set to run for the next week. Polkadot's Kusama council passed Motion 310 on Tuesday, confirming the start of the first slot auction on the Kusama network.According to details shared on the Polkadot governance platform Polkassembly, 13 out of the 19 “seats” on the Kusama council voted in favor of commencing the slot auction process.First slot auction on Kusama network is approved. Source: PolkassemblyAs previously reported by Cointelegraph, Polkadot and Kusama co-founder Gavin Wood had published a tentative schedule for the....
KSM token prices surge as Parachain auctions launch nears. U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange.In a blog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain slot by staking Kusama’s KSM tokens. The rewards for contributors who support a winning bid vary and can include referral bonuses, early participation bonuses, and airdrops.Polkadot’s multi-chain ecosystem will use sharded....