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Representatives of the blockchain startup Manta Network reported that they have successfully completed the first transfer of assets between its network and Acala. Launching a Horizontal Relay Messaging Channel (HRMP) and pooling assets will ensure that the two projects are compatible. The cross-network transfer of cryptocurrencies from the Web3 Manta Network privacy center to the system of the decentralized financial platform Acala was the first such experience in Polkadot.
The launch of the new HRMP and the rollout of a cross-consensus protocol to pool assets have ensured privacy and interoperability between Manta and Acala. In addition, it allowed the projects to integrate with the Calamari Network and Karura. Both are subsidiaries of these organizations in the Kusama canary chain.
Kenny Lee, Chief Operating Officer and co-founder of Manta, assured that cooperation with Acala will benefit the Kusama ecosystem. He stressed the seriousness of interoperability for the future development of Web3 technology and recognized that the partnership is a significant step forward. Lee added that the Acala (aUSD) and KAR stablecoins will be able to move freely between ecosystems.
Meanwhile, Calamari’s native token KMA will exist on Karura for use in various projects on the platform. This will provide customers with access to decentralized finance products (DeFi) and will allow them to engage in staking, as well as lend to crypto assets and so on.
Earlier, the editors of the Crypto.ru reported: Acala won the first ever parochin auction of the Polkadot network. The startup received an affordable priority slot. Users allocated 32.51 million DOT ($ 1.29 billion at the exchange rate at that time) during the crowddlon. Later, on December 17, 2021, Acala connected its own network to the polkadot Relay Chain main relay.
#Manta #Network #Acala #transfer #parochians
