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21 June 2021

Karura Raises $100M, Kusama Soars Ahead of Parachain Auction | Crypto Briefing

Karura Raises $100M, Kusama Soars Ahead of Parachain Auction | Crypto Briefing


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Karura Raises $100M, Kusama Soars Ahead of Parachain Auction.

Karura is hoping to run a parachain that provides a full suite of DeFi services on Kusama, including a cross-chain automated market maker and a stablecoin collateralized by various cross-chain assets.

Parachain slot auctions for the Polkadot ecosystem are all set to begin from Jun.

Polkadot’s founder Gavin Wood announced that parachain auctions were ready to go live on Kusama earlier this week, leading KSM and DOT to rise in price despite prevailing bearish sentiments across the market

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