$130 Million Raised by DeFi Network Karura Ahead of Parachain Auction
Despite the price of #Bitcoin is still trading sideways, Kusama is holding strong. The Kusama ecosystem is set to bloom as many promising projects are competing for a parachain slot including Karura.
Karura is a platform and set of applications optimized for fast and innovative #Defi on Kusama.
Over $130 million was been loaned to a crypto auction run by Kusama, a hot new #DeFi project.
This auction is still ongoing. It is a market-efficient way of selecting which parachains will be added to the Kusama Relay-chain.
