Karura - The all-in-one DeFi hub of Kusama

The Karura (迦楼羅) is a divine creature with a human torso and birdlike head [1] in Japanese mythology. The name is a transliteration [1] of garuda, [1] a race of enormously gigantic birds in Hinduism. [2]

Meet Karura’s all-in-one DeFi platform to help you swap, borrow, lend, earn, and more – all with micro gas fees. What is Karura? Karura is the all-in-one DeFi hub of Kusama. Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi.

Appearance: Karura are a race of enormous, fire-breathing demigods. They are humanoid in appearance, with the heads and wings of eagles. They have red skin, and red and gold feathers. Karura are fearsome. They breath fire from their beaks.

Jun 13, 2024 · What is Karura? Read our beginner’s guide to KAR and start trading cryptocurrency on Kraken – the secure digital asset exchange.

Jul 21, 2021 · Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications, including a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.

Karura aims to be the first project to lease a parachain through a crowdloan on the Kusama network, and it is designed to function as a hub for decentralized finance on the blockchain, similar to Acala's role on Polkadot.

You can learn more about Karura on the Karura website. For technical and protocol docs, please visit the Karura protocol wiki. If you're new to the community, you can follow Karura on Twitter, subscribe to the newsletter, join the Discord, and see all other social channels here. To start using the Karura Apps, go to apps.karura.network.

KAR is the utility token that powers the DeFi hub of Kusama. Stake KAR to participate. Ecosystem token contributions and KAR are farmable via staked KAR. Vote for token distribution for …