1/One of the most significant developments of @Polkadot ecosystem was announced several days ago. Parachains crowdloan & auctions are expected to be on the verge of launching after @gavofyork post on Twitter.
$DOT $KSM
2/The whole community is longing to see major updates in the near future, which has made $KSM & $DOT ’s price hits new ATHs
Everything will start with the crowdloan & auction, & in order to launch, each project must first secure a parachain slot on Kusama by winning an auction
3/ While waiting for the next announcements, let’s take a look at our weekly issue to learn about remarkable projects planning to bid parachain auction as well as update some important news happening in Polkadot last week. 👇
4/First parachain deployed on the Westend perma-testnet. Next stop is the canary net, Kusama and then Polkadot
8/@KaruraNetwork Crowdloan Registration Now Open. User can now connect their Polkadot.js extension to register with their email, KSM address, and referral code (optional).
9/@bifrost_finance Kusama Slot Bidding Opens, Number of Participating Addresses on the Chain Now Tops 1,000.
1/Shiden Network is a canary network that acts as an R&D chain of @Plasm_Network. PLM token holders can claim SDN tokens, the native token of Shiden at a 1:1 ratio. Shiden will act as a multi-chain Dapp layer on @kusamanetwork
1-2/Kusama Relaychain does not support smart contract functionality by design. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more.
2/ What Makes Shiden Unique?
Some core features of Shiden that make it unique:
- Multi Chain
- Basic Income for Developers
- Multi Virtual Machine
Also, Shiden Network will have all features that Plasm have such as:
- Operator Trading
- Lockdrop
- Modules
2/ SubDAO is a DAO infrastructure based on @Polkadot, where any decentralized organization is allowed to conveniently create and manage a DAO. SubDAO does not only connect DAO with DApps to realize DAO’s cross-chain management, but also bridges Web 2.0 and Web 3.0.
3/ Users can conduct DAO governance directly on traditional social media platforms. Developers can quickly integrate DAO governance capacities with their apps on blockchain, webpage, and mobile.
Karura aims to be the first project to lease a parachain through a crowdloan on the @kusamanetwork , and it is designed to function as a hub for decentralized finance on the blockchain, similar to Acala's role on @Polkadot
1-1/The Kusama network has a near-identical codebase to Polkadot, and Karura also bears many similarities with Acala. Both platforms are fast-paced, efficient, inexpensive to use and sufficiently secure for all kinds of financial applications.
2/ What Does Karura Offer?
Karura’s core Liquid Staking product allows users to lock up KSM tokens in exchange for L-KSM (Liquid KSM) as collateral and interest. This is similar to how DOT can be staked for LDOT on Acala.