Manta Network and Acala have announced the integration of Karura and Kalamari networks, enabling the cross-chain transfer of parachain assets. Transparency and interoperability between the two chains is now possible through the establishment of a new HRMP channel and the successful implementation of cross-consensus communication for bridge assets.
What the integration brings to Manta and Acala
With the partnership with Acala, Mantá and the Kusama ecosystem have reached an important milestone in their development. Karura is the all-in-one DeFi hub of Kusama, hosts its native token. The token is a multi-collateralized stablecoin backed by cross-chain assets. On the other hand, Calamari is the Manta Network canary network. The two parachains will be able to communicate with each other through this integration. The $KMA token will be available on Karura and will facilitate access to additional features from various Karura-based projects.
Manta’s mission is to make privacy protection on the blockchain more accessible to everyone. With this system, users can transfer and exchange assets across any two parallel chains of assets faster, safely and easily. It is also easy to audit transactions within the ecosystem. Acala, on the other hand, is a DeFi network that fuels the aUSD economy. Stablecoin Acala USD (aUSD) is the native stablecoin of the Polkadot ecosystem. It is a multi-collateral, crypto-backed decentralized stablecoin.
Calamari will continue with the process of integrating and bridging additional parachain assets for privatization sourced from around the Kusama ecosystem. For staking and lending, the Karura ecosystem will provide access to a wide range of DeFi products thanks to the KMA integration. Peer-to-peer transfers of native assets from Karura to Calamari can be private and hidden.
Kenny Li, the COO and co-founder of the Manta Network, states, “ With privacy being paramount to the future development of web3, it’s humbling to be a part of technological successes along the way. Interoperability has always been the name of the game, and this is a big step forward.”