The first decentralized exchange launched on the Kusama network of the Polkadot project – Bits Media

Acala Foundation developers launch Karura, the first decentralized exchange (DEX) in the Kusama experimental network of the Polkadot project.

According to the developers' statement, Karura Swap was opened for trading at the end of last week. At the time of launch, DEX was blocked cryptoassets worth $3.4 million. The first trading pair of the exchange - KSM / KAR - is formed from its own crypto assets Kusama and Karura.

Karura Swap will use a bootstrap mechanism to launch new trading pairs to achieve liquidity and eliminate some of the risks of market manipulation. This approach involves temporarily disabling trading for the pair until then, until the specified liquidity requirements are met.

The launch of Karura as the winner of the first Kusama parachain auction was announced last month. Summer 2019 of the year, the Polkadot project launched the Kusama network to experiment with the protocol. In May, the technical lead of the Web3 Foundation stated, that the interconnected Polkadot blockchain network will require "a completely different paradigm of application programming".