Polkadot parachain Acala and its Kusama-based counterpart Karura are integrating with cross-chain bridge Wormhole, bridging its decentralized finance (DeFi) ecosystems with eight major Layer 1 blockchains.
See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021
Fast facts
- The Wormhole integration will bridge Acala and Karura to Ethereum, Solana, Terra, Avalanche, Polygon, Oasis, Fantom and Binance’s BNB chain.
- With cross-chain interoperability, users of Acala and Karura, which serve as DeFi hubs for the Polkadot and Kusama ecosystems, can access over US$200 billion in liquidity.
- Post-Wormhole integration, Kusama’s kUSD stablecoin will merge with Acala’s aUSD to enhance liquidity in Polkadot and Kusama.
- While they share the same underlying architecture, Kusama acts as Polkadot’s canary network, providing an experimental environment for developers before implementation on Polkadot.
See related article: Polkadot DeFi hub Acala wins first Polkadot auction after collecting over 32M DOT
This news is republished from another source. You can check the original article here
Be the first to comment