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First Decentralized Exchange Launches on Polkadot and Kusama Ecosystem
Karura Swap opened for trading with $3.4 million in total value locked.
Updated Sep 14, 2021, 1:30 p.m. Published Jul 23, 2021, 2:10 p.m. 1 min read
The first decentralized exchange on the Polkadot and Kusama ecosystem has been launched by Karura, the decentralized finance (DeFi) network of the Acala Foundation.
- Karura Swap opened for trading with $3.4 million in total value locked, according to an announcement Friday.
- The exchange's first trading pair is KSM/KAR, formed of the native tokens of Kusama and Karura.
- Karura Swap will harness a "bootstrap" mechanism as a means of launching a new trading pair in a warm-up mode as a means of achieving liquidity without some of the risks of market manipulation.
- Trading is temporarily disabled in bootstrap mode until the predetermined liquidity requirements are reached, the announcement said.
- Karura was announced in June as the first winner of a 48-week lease to build on Kusama, Polkadot's pre-production environment, also known as its "canary" network.
- Polkadot and other networks like Cosmos and Solana are offering developers a way to avoid the higher costs and increased congestion on Ethereum that have come with the explosion in the DeFi market.
Read more: Blockchain Privacy Firm Integritee Raises $2M Ahead of Kusama Parachain Auction
Higit pang Para sa Iyo
The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
Ano ang dapat malaman:
- Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
- Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
- Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
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