KARURA is the sister network to Acala and DeFi hub of Kusama.
Is a new blockchain network serving the Kusama community as DeFi hub and enables a scalable and fast cross-chain ecosystem for Kusama and Polkadot.
Karura is addressed as a parachain due to the factor that is planning to connect to Kusama's layer zero multichain network for interoperability and plug-and-play security.
Karura’s parachain is a fast-moving and powerful platform that enables efficient, inexpensive, and sophisticated financial applications, improving trading effectiveness and saving time. The platform offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets like Kusama and Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity and power financial innovations.
Right now Karura team,holds a Crowdloan competition.Every competitor can participate and join the waitlist.By doing so you can earn 3 Karuras by completing tasks and accumulating over 130 entries.Also winners with the most entries have a chance to win a portion of the crowdloan as a bonus!