What is Karura’s next step after winning the auction and what is the Crowdloan reward?

Acala’s canary network Karura was officially connected to the Kusama network as a parallel chain on June 22nd at 19:28 pm.

What is Karura's next step after winning the auction and what is the Crowdloan reward?

Acala’s canary network Karura officially joined the Kusama network as a parallel chain at 19:28 on June 22nd, and as of this writing, Karura has steadily produced 1,217 blocks! PolkaWorld had an interview with Karura team to help the community understand what Karura is going to do next, as well as questions about Karura’s launch time.

What is Karura's next step after winning the auction and what is the Crowdloan reward?

The Kusama Network has now opened the auction for the second slot, so let’s see who will win the second slot bid!

  1. Congratulations to Karura for winning the first slot in Kusama! Can you share with us some of the statistics of your auction?

The Karura auction was backed by over 500,000 KSMs, and since the auction took place in parallel with decentralized (official website, Polkawallet, Fearless) participation and CEX (e.g. Kraken, OKEx, Kucoin, etc.) participation, we expect over 20,000 contributors overall, with a single ratio of The maximum support is over 18,000 KSMs. 2.

  1. Many community members are concerned about how KAR rewards are currently distributed and locked?

According to the current number of KSM lock-in, a KSM will receive an average of about 20 KAR rewards. According to the plan, 30% of the rewards will be transferable and liquid after the Karura network goes live, and 70% of the rewards will be released linearly during the slot lease period.

The KAR rewards earned by participating in crowdloan will require a manual claim to be collected, and we’ll have a tutorial up first!

  1. Will KAR rewards be paid out as usual to users who participate in Crowdloan later than the final auction end block?

Yes, users who participate in Crowdloan will be rewarded with KAR regardless of the auction bid amount.

  1. When can KSMs already locked in Karura slots be released through Karura’s Staking flow protocol?

KSMs locked in slots cannot be released via Staking flow protocol during the first auction, but we will launch the slot liquidity product P-KSM (Parachain KSM) to decentralize the release of auction KSM liquidity.

After winning the first slot in Kusama, does it mean that Karura is officially live and will it be launched in phases, just like Boka/Kusama?

After winning the first slot, Karura will be officially released through the parallel chain, and the specific features will be launched in phases, very similar to Boca, such as DeX, stablecoin protocol, governance and transfer, etc. Currently, most of the features are expected to be launched in two to four weeks.

  1. As the first Layer1 parallel chain on Kusama, how does Karura build its own parallel chain ecosystem? How will you attract developers to use Karura to develop DApps, and are there already some Dapps planning to migrate or develop directly on Karura?

Karura will enable EVM after launch, so developers can deploy smart contracts, and most of Karura’s underlying infrastructure, such as stablecoin, DeX, etc., have EVM interfaces for developers to access seamlessly through Solidity. Currently Karura is the most mature project of Kusama with the largest community and the most mature technology, and there are already many projects planning to integrate development on Karura.

  1. After winning the first slot, what is the next most important thing Karura needs to do?

Steadily turn on the functionality to get DeFi from 0 to 1 on Kusama with Karura, making the first DeX, the first decentralized lending protocol (kUS

The Kusama Network has now opened the auction for the second slot, so let’s see who will win the second slot bid!

  1. Congratulations to Karura for winning the first slot in Kusama! Can you share with us some of the statistics of your auction?

The Karura auction was backed by over 500,000 KSMs, and since the auction took place in parallel with decentralized (official website, Polkawallet, Fearless) participation and CEX (e.g. Kraken, OKEx, Kucoin, etc.) participation, we expect over 20,000 contributors overall, with a single ratio of The maximum support is over 18,000 KSMs. 2.

  1. Many community members are concerned about how KAR rewards are currently distributed and locked?

According to the current number of KSM lock-in, a KSM will receive an average of about 20 KAR rewards. According to the plan, 30% of the rewards will be transferable and liquid after the Karura network goes live, and 70% of the rewards will be released linearly during the slot lease period.

The KAR rewards earned by participating in crowdloan will require a manual claim to be collected, and we’ll have a tutorial up first!

  1. Will KAR rewards be paid out as usual to users who participate in Crowdloan later than the final auction end block?

Yes, users who participate in Crowdloan will be rewarded with KAR regardless of the auction bid amount.

  1. When can KSMs already locked in Karura slots be released through Karura’s Staking flow protocol?

KSMs locked in slots cannot be released via Staking flow protocol during the first auction, but we will launch the slot liquidity product P-KSM (Parachain KSM) to decentralize the release of auction KSM liquidity.

After winning the first slot in Kusama, does it mean that Karura is officially live and will it be launched in phases, just like Boka/Kusama?

After winning the first slot, Karura will be officially released through the parallel chain, and the specific features will be launched in phases, very similar to Boca, such as DeX, stablecoin protocol, governance and transfer, etc. Currently, most of the features are expected to be launched in two to four weeks.

  1. As the first Layer1 parallel chain on Kusama, how does Karura build its own parallel chain ecosystem? How will you attract developers to use Karura to develop DApps, and are there already some Dapps planning to migrate or develop directly on Karura?

Karura will enable EVM after launch, so developers can deploy smart contracts, and most of Karura’s underlying infrastructure, such as stablecoin, DeX, etc., have EVM interfaces for developers to access seamlessly through Solidity. Currently Karura is the most mature project of Kusama with the largest community and the most mature technology, and there are already many projects planning to integrate development on Karura.

  1. After winning the first slot, what is the next most important thing Karura needs to do?

Steadily turn on the functionality to get DeFi from 0 to 1 on Kusama with Karura, making the first DeX, the first decentralized lending protocol (kUSD), the first liquidity release protocol (LKSM) available to the Kusama community!

D), the first liquidity release protocol (LKSM) available to the Kusama community!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/what-is-karuras-next-step-after-winning-the-auction-and-what-is-the-crowdloan-reward/
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