Introducing Sakura: Clover’s Sister Network on Kusama

Published on: 18.05.2021
Introducing Sakura: Clover’s Sister Network on Kusama

Clover introduced Sakura, the foundational layer for cross-chain DeFi, built to serve Kusama.

Sakura is a substrate-based parachain candidate specifically built for the cross-chain DeFi ecosystem on Kusama. Building on the success of the Rococo testnet, the stage for Kusama has been set as the first “mainnet” to utilize the power of Substrate. Kusama is regarded as a layer zero protocol and as the CanaryNet of Polkadot. The Clover Finance team envisions Sakura to live on as the innovative sister network of Clover, with both Clover and Sakura continuing to serve their communities simultaneously. The unique on-chain governance parameters of Kusama enables DeFi applications built on top of the Sakura network to have higher performance and scalability right away. This will lower the barrier to entry for the development community to deploy their dApps on Sakura without having to meet the stricter guidelines of Polkadot.

Sakura will utilize all of the core underlying technology stack that Clover has created and is continuously innovating. The Clover extension wallet will natively support Sakura dApps on EVM, polkadot.js based injections, and a native-built SKU<->ETH and SKU<->BSC bridge. The trustless cross-chain bridge for Ethereum and Bitcoin will be utilized on both Sakura and Clover. Sakura will ultimately aim to be a parachain Operating System with a storage layer, smart contract layer, DeFi protocol layer and eApp layer built on top of Kusama.

Sakura will make use of the original Clover feeconomics design, allowing users to enjoy gasless transactions — where relayers will act on behalf of the sender to cover gas fees in any token within their wallet. This means a user will not be required to have SKU in their wallet to transact on the Sakura network. Sakura is also working on a Dynamic Fee Schedule, to be proposed through on-chain governance, where the gas-fee will be proportional to the amount of usage a wallet has on the Sakura network. For developers and creators, Sakura will utilize the gas fee re-distribution model which will allow the dApp builders to receive a part of the transaction fee. Kusama will serve as the innovation zone for these proposals before being adopted by the Polkadot’s Clover network.

Sakura & Clover will communicate as sister networks to present a complete foundational layer for cross-chain DeFi on substrate — on Kusama and Polkadot.

What is Clover?

Clover is Foundational Layer for Cross‑chain Compatibility.

What is Kusama?

Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo.

📰 INFO:

https://projectclover.medium.com/meet-sakura-clovers-sister-network-on-kusama-upcoming-crowdloan-auction-6b8cd7f38afa

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