Inter Kusama Transfer
Karura is an experimental network, or a 'canary network', for Acala. It's an early unaudited release of the Acala code that holds real economic value. It is highly experimental.
⚠️ Exchanges do NOT currently support direct withdraw/deposit KSM to/from Karura network. Please do NOT send KSM to an exchange address on Karura App. Read more here.
Why Transfer KSM to Karura
KSM is the native token of Kusama. It is used as the fee token, staking token to provide network security and governance token on the Kusama Relay chain. The launch of Karura's parachain unlocks new use cases for KSM:
- Use as a collateral asset to mint the kUSD stablecoin, which can then be used for leveraged trades and other use cases.
- Stake in Karura's Liquid KSM staking pool to mint LKSM, which can then be used as collaterals, transferred, or traded.
- LKSM is a programmable staking asset as the building block for many other protocols and applications
- Liquidity mining program coming soon.
Cross-chain Fungible Token Transfer
Cross-chain transfer uses the Polkadot’s Cross-chain Message Passing (XCMP) technology, specifically the Horizontal Relay-routed Message Passing (HRMP) as the basis for sending and receiving generic cross-chain messages. For sending and receiving fungible tokens, Karura has used the xtokens fungible token transfer implementation developed by Acala.
Transfer KSM from Kusama to Karura
Note: The account you logged into the Karura App must have some KSM (also be mindful of Existential Deposits).
Select
Kusama as the From Chain, and Karura as the To Chain. Your KSM balance (on Kusama) shall be displayed then. Then select the To Account, which can be the current account that you logged in to the Karura App. 
- The
Origin Chain Transfer Feeis charged by Kusama - The
Destination Chain Transfer Feeis charged by Karura, modeled closely with the Statemine chain
Then click `Transfer`, please be patient and it might take a few moments for the Kusama Relay chain to send and confirm your KSM to Karura 🚀
Check Transactions
There are two transactions involved, one was on Kusama sending the KSM to parachain, the second is on Karura sending the KSM to the designated account.
On Kusama Side
Go to the Kusama Subscan Explorer, search with your Kusama account, and you shall see the relevant
xcmpallet transaction in the Extrinsics table.
On Karura Side
A Subquery will be implemented to make it easier to search and find your cross-chain transactions. Right now you can go to Karura Subscan to search Events where
module = parachainsystem and event = downwardmessagesprocessed. OR use this link to navigate there.Transfer KSM from Karura to Kusama
Select
Karura as the From Chain, and Kusama as the To Chain. Your KSM balance (on Karura) shall be displayed then. Then select the To Account, which can be the current account that you logged in to the Karura App. Make sure your account is set as Allow use on any chain on the Polkadot{js} extension.
- The ‘Origin Chain Transfer Fee` is charged by Karura
- The `Destination Chain Transfer Fee` is charged by Kusama
Then click `Transfer`, please be patient and it might take a few moments for your KSM arrive back to Kusama 🚀
Check Transactions
There are two transactions involved, one was on Karura sending the KSM to Kusama Relay chain, the second is on Kusama sending the KSM to the designated account.
On Karura Side
A Subquery will be implemented to make it easier to search and find your cross-chain transactions. Right now you can go to Karura Subscan Explorer to search Events where
module = xtoken and account = sender account. OR use this link to navigate there.On Kusama Side
Go to the Kusama Subscan Explorer, search with your Kusama account, and you shall see the relevant
xcmpallet transaction in the Extrinsics table.
Last modified 2mo ago