Polkadot unveils $770M development fund ahead of parachain auctions

Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions.
Wood tweeted on Oct. 17 that Polkadot’s treasury has allocated more than 18.

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Polkadot to debut parachain auctions after governance vote

Polkadot (DOT) has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfills the final core technical element of the whitepaper published five years ago.

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Karura Swap Launches First DEX in Polkadot Ecosystem | Crypto Briefing

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Karura launches decentralized exchange on Polkadot and Kusama

Karura, the Polkadot implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap.
According to the announcement issued on Friday, the DEX platform is now live, with KSM/KAR being the first trading pair on the exchange.

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DeFi hub Karura emerges as first Kusama parachain slot auction winner

Karura network has emerged as the winner of the maiden Kusama parachain slot auction.
According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as the first Kusama parachain.

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