Karura Launch Phases

Karura network has a phased launch plan. Keep up-to-date with the roll-out plan by viewing this live roadmap. Expect chaos & unannounced changes πŸ”₯

Current Phase: Technical Verification & Runtime Upgrade

πŸš€ (Done) Karura Genesis - Launch

The Genesis block of the Karura network was launched on 23rd June, 2021, as a Proof of Authority network. Governance was restricted to a single super-user (sudo) key, which is held by the Acala Foundation to issue transactions and upgrades to resolve issues and completes the launch process.

Since genesis, Karura's network security is provided by Kusama's Nominated Proof of Stake (NPoS) Validators upon launch. Karura's Collators will be provided by node service partners at this stage.

Karura parachain is available on Subscan & Polkadot App​

πŸ’ (Done) Finalize KAR Distribution

You can view KAR distributions are available here.

  • Testnet campaign rewards & airdrops

  • "Build Acala #1" rewards

  • Karura crowdloan

  • Other events

πŸ•΅οΈ (Done) Tech Verification & Runtime Upgrade

Karura will perform a set of tests and verifications to ensure the network is operational

  • Collators are producing blocks as expected

  • Kusama is verifying blocks from Karura as expected

  • Runtime upgrade to fix any issues

  • Block time is stable

  • p2p connectivity is good

  • RPC node availability is good

🀹 (Done) Enable KSM Transfer from Kusama to Karura

Transfer KSM from Kusama Relaychain to Karura parachain and back via xtoken will be enabled. However transfer within the Karura parachain will still be disabled at this stage.

Read how-to here.

🎯 (Done) Distribute KAR

Batch distribution of KAR to

  • Testnet campaign rewards & airdrops

  • "Build Acala #1" rewards

  • Karura crowdloan participants

  • Other events

If you have participated via exchanges or custodial agencies, the rewards will be distributed to you by these exchange and custodial agencies, please contact them directly for distribution schedule.

🎁 (WIP) Claim KAR

You can check whether your KAR rewards need to be claimed here.

If you have participated via exchanges or custodial agencies, the rewards will be distributed to you by these exchange and custodial agencies, please contact them directly for the distribution schedule.

If you participated in Karura crowdloan via the Polkadot web app directly, or via non-custodial wallets other than Polkawallet and Fearless wallet, you will need to agree to our T&C by completing a claim process for KAR. The Claim KAR website will be released once it's ready.

βœ‹ (Done) Council Governance + Democracy

After the chain had been running stably with the collator set, the sudo key will perform a runtime upgrade and enable appointed Councilors and democracy. Other councils including Financial Council, Technical Council, and Liquid Staking Council, as well as public referenda will also be enabled.

Read more here.

πŸ’₯ (Done) Remove Sudo

Sudo module will be removed via a runtime upgrade, and the Karura network will be governed by on-chain governance and token holders hereafter.

Read more here.

πŸšƒ (Done) Enable Balance Transfers

Balance transfers within the Karura network are restricted until this point.

πŸ‘©β€πŸŒΎ (WIP) Core DeFi Functionalities

More details will be provided as we launch each DeFi protocol.

  • Karura DeX

    • Enable DeX

    • Enable KSM/KAR pair

      • Start Bootstrap

      • Trading begins

    • KSM/kUSD pair

      • Start Bootstrap

      • Trading begins

      • Start Liquidity Program

    • KAR/kUSD pair

    • LKSM/kUSD pair

    • ...

  • kUSD Borrowing

    • Enable kUSD stablecoin protocol

    • Enable KSM collateral (capped)

    • Enable LSKM collateral

    • ...

  • Liquid KSM

    • Enable "Canary" Liquid KSM

      • mint LKSM - withdraw is only available upon the network upgrading to trustless Liquid Staking

      • KSM staking reward accrues

      • LKSM as collateral

    • Liquid Staking upgrade

  • USDT

    • as collateral

    • as trading pair

  • Enable Acala EVM

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