- XCM integration between Calamari and Karura will provoke parachain bridging throughout Kusama.
- DApps on Polkadot and Kusama will develop concrete use-cases for stablecoins.
The profitable cross-chain switch of parachain belongings has been introduced by Manta Community and Acala to ascertain a brand new HRMP channel, in addition to the efficient implementation of cross-consensus communication to bridge belongings, which is able to enable for privateness and interoperability throughout each parachains.
The Altair ↔️ @KaruraNetwork HRMP channel ??? ????!
This channel permits XCM, permitting for XCM transfers cross-chain.
The devs are actually near opening up a AIR / aUSD swap on Karura using this functionality ✨
— Altair (@altair_network) June 1, 2022
Kurura and Calamari Networks
The privatization of belongings is a big step ahead for tasks, ecosystem growth, and privateness generally. Additionally one other step towards combining their Kurura and Calamari Networks, Calamari is Manta Community’s canary community and Karura is Kusama’s all-in-one DeFi hub, the place its native asset, a multi-collateralized stablecoin backed by cross-chain belongings ($aUSD), is hosted.
Calamari’s native token, $KMA, shall be obtainable on Karura permitting customers to entry further performance by a number of tasks which have been launched on the platform. The Calamari XCM integration with Karura will join belongings throughout each parachains. The Calamari Community’s parachain asset ($KMA) will interface with the Karura ecosystem, permitting customers to entry a variety of DeFi merchandise for staking, lending, and different functions. Native asset transfers from Karura to the Calamari Community may be privatized and transferred from peer to look in a safe method.
Manta’s collaboration with Acala is a milestone for the Kusama ecosystem. It’s nice to be part of technological achievements particularly with privateness being so necessary to the long run growth of web3. Now crypto belongings, comparable to Acala’s stablecoin ($aUSD) and ($KAR), can switch privately and freely throughout ecosystems.
Acala and Manta Community, together with seven different Polkadot parachain tasks, introduced the launch of a $250 million aUSD Ecosystem Fund in March 2022 to fund early-stage startups creating apps with robust stablecoin use circumstances on both Polkadot or Kusama parachain.