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 Relay Chain to Karura parachain and back via xtoken will be enabled. However, transfer within the Karura parachain will still be disabled at this stage.
Read the 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 the 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 can be found here.

βœ‹ (Done) Council Governance + Democracy

After the chain has 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 LKSM 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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Last modified 28d ago