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Karura (KAR) | Defi Protocol On Kusama (100x Min)

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1m Oct 22, 2021
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Karura (KAR) | Defi Protocol On Kusama (100x Min)

Karura is the decentralized financial hub of Kusama.

The network is built as Acala’s sister network with nearly the same codebase, enabling a scalable, user-friendly, and fast cross-chain DeFi platform.

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.

In simple terms,

Its an all-in-one DeFi platform to help you swap, borrow, lend, earn, and more – all with micro gas fees.

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#Karura #Kusama #KAR

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