Karura
Curated by SignalDecentralized finance platform offering staking and cross-chain swaps.
Overview
Karura is a blockchain financial services platform that operates on the Acala foundation and focuses on the Kusama ecosystem. It offers various products, including staking and cross-chain swaps, allowing users to stake KSM for LKSM while earning rewards without sacrificing liquidity. The platform aims to address certain challenges in the decentralized finance (DeFi) sector, such as high gas fees and scalability issues. It provides micro gas fees and facilitates instant cross-chain swaps to improve the efficiency of financial transactions for users interested in DeFi. The utility token, KAR, is integral to ecosystem participation and governance.
Key facts
- Founded
- 2007
- Headquarters
- Nairobi, Kenya
- Stage
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- Industry
- Financial Technology
- Sector
- Decentralized Finance
Business model
- 3 products and services
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- Commercial model
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