Polkadot Parachain Auction Highlight: Composable Finance

Name	Symbol	Market	Market Cap ($)	Algorithm
Kusama	KSMUSD	Crypto	270,480,554	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Kusama

KSMUSD

Crypto

270,480,554

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.290	0.97%	30.11	30.09	30.12

Price Change

Price Change %

Current Price

Bid Price

Offer

0.290

0.97%

30.11

30.09

30.12

High Price	Low Price	Open Price	Prev. Close	52 Week Range
30.55	29.66	29.82	29.82	16.55 - 65.73

High Price

Low Price

Open Price

Prev. Close

52 Week Range

30.55

29.66

29.82

16.55 - 65.73

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	19:07:03	1.66	30.11	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

19:07:03

1.66

30.11

USD

Price x Volume	Volume	Base Symbol	Related Pairs
141,918.63	4,713.52	KSM	KSMEUR	KSMGBP	KSMBTC

Price x Volume

Volume

Base Symbol

Related Pairs

141,918.63

4,713.52

Polkadot Parachain Auction Highlight: Composable Finance

17/12/2021 10:41am

NEWSBTC

The Polkadot parachain auctions are continuously creating waves in the blockchain and DeFi space as promising projects are participating and seeking support to enable their vision for the future of the Dotsama ecosystem. Composable Finance has officially launched their crowdloan for the auctions in the second batch, opening the door for the DeFi ecosystem to support their efforts in securing a Polkadot parachain. It is important to note that Composable Finance has previously procured a Kusama Parachain and is taking a similar approach in their campaign for the DOT parachain. Composable Finance aims to bring to life the idea of cross-chain communication to ultimately create a blockchain-agnostic environment. Through extensive research they have identified the benefits of the Dotsama ecosystem and have targeted their efforts towards Polkadot and Kusama to enable their underlying vision. As previously mentioned, Composable Finance successfully obtained a Kusama parachain by the name of Picasso which acts as a supportive hub for their innovation and is now engaging in the next steps of securing a Polkadot parachain to further advance their infrastructure and capabilities within this space. Notably, Composable Finance allows users to contribute to their crowdloan campaign using ERC-20 stablecoins in addition to $DOT. This functionality allows for contributions from a broader range of supporters outside of just $DOT holders and is an exciting way to converge and unify ecosystems to engage in joint progress for interoperability which aligns with the vision of Composable Finance. Additionally, Composable Finance offers very competitive rewards for early contributors of the crowdloan outlined here: 12% of their native LAYR token supply earmarked for crowdloan contributors with the additional incentives of: 10% bonus for the contributors that stake in the first three days of the crowdloan Additional 5% bonus to those staking in the first 24 hours of the crowdloan 5% bonus to stakers who previously contributed KSM or Stablecoins to Compasable’s Picasso crowdloan (Kusama Parachain Auction) 20% referral bonus to users that refer a sum of 1000 DOT to the crowdloan using the referral codes Composable Finance is on the journey to establish a truly interoperable environment for developers and users engaging in the broader DeFi ecosystem, one that is not held down by the barriers of the siloed multi-chain framework. The creation of a fully blockchain agnostic environment would tremendously impact the capabilities of the entire space and it is exciting that leaders such as Composable Finance are coming forward to spearhead this vision. The procurement of a Polkadot parachain is thus an instrumental step in enabling Composable Finance to move the needle towards interconnectivity and cross-chain communication in blockchain.

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