Karura, the Kusama implementation of the Acala protocol, has reportedly rolled out its Kusama and Polkadot-based decentralized exchange (DEX) platform – Karura Swap.

Specifically, the DEX platform was officially available, with supporting features for trading of the first pair – KSM/KAR. 

Karura Swap has gone live with an initial overall value locked north of $3.4 million, having over 1,000 unique liquidity providers (LP).

The team particularly disclosed that the rollout of the DEX has reportedly emphasized the advantages its “Bootstrap feature” offers, specifically a liquidity sandbox dedicated to trading pairs with the walled environment, which helps reduce chances of front-running and market manipulation throughout the initial release of a trading pair. 

“With Bootstrap, Karura aims to empower trustless trading at fair market rate to reflect the tenets of equitable and open finance for all”. 

 As a matter of fact, the inaugural KSM/KAR pair reportedly completed the bootstrap stage and was officially available only upon meeting all required liquidity goals.

Via introducing the DEX, Karura Swap has reportedly earned the spot of the leading decentralized exchange on Polkadot and Kusama, as well as the first supporting entity for trustless trading of Kusama tokens on a DEX.

Additional trading pairs will reportedly be released across Karura Swap,  and can also utilize the Bootstrap feature. LPs can elect to supply one or both tokens in the pool throughout the process, while suspension will still be applied for trading until the set liquidity target is achieved.

With a vision to make Karura a Kusama-based a decentralized finance hub, the team shared that different supporting updates, nominally kUSD stablecoin loans, staking and liquidity mining programs, are being designed.