Karura Is The All-In-One DeFi Hub Of Kusama

Karura is the all-in-one DeFi hub of Kusama.

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

Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.

Karura (KAR) Token

KAR is the utility token that powers the DeFi hub of Kusama.

-Transaction Fees
Powers the micro gas fees and smart contract execution.

-Node Incentivisation
Incentivizes network nodes to monitor and relay messages to Kusama.

-Governance
Empowers the community to vote, elect council members, and drive the development of Karura.

-Algorithmic Risk Adjustment
Auto-adjusts risk parameters such as interest rates or collateral ratio.

-Pallet Deployment
Allows teams to deploy new Substrate pallets on the Karura blockchain by staking KAR.

-Smart Contract Deployment
Enables teams to deploy new DApps and smart contracts on Karura’s platform after staking KAR.