Kusama's next round of parachain slot auctions is set to begin on September 1, featuring five highly contested slots. Below, we outline the projects likely to participate, their auction strategies, and key details to help you stay informed.
👉 Discover how Kusama's parachain auctions work
Participating Projects Overview
1. SherpaX (ChainX)
- Description: SherpaX is ChainX's pioneer network on Kusama, focusing on BTC Layer 2 expansion and cross-chain asset interoperability.
Auction Plan:
- Rewards: 10 KSX per 1 KSM locked, with tiered bonuses for larger contributions.
- Additional: CID NFT for early participants.
- Website: ChainX
2. Darwinia Crab
- Description: A cross-chain NFT platform and Darwinia Network's canary chain.
Auction Plan:
- Rewards: 2.4 billion CRING + 600K RING distributed proportionally.
- NFT mining packages for contributors.
- Website: Darwinia
3. Altair (Centrifuge)
- Description: Centrifuge’s Kusama network for asset tokenization and decentralized finance.
Auction Plan:
- Rewards: 50+ AIR per 1 KSM, with 25% unlocked upfront.
- Website: Centrifuge
4. Crust Shadow
- Description: Crust’s decentralized storage parallel network on Kusama.
Auction Plan:
- Rewards: 0.07 CRU + 14 CSM per KSM, with additional CRU/CSM for successful bids.
- Website: Crust
5. KILT Protocol
- Description: A trust infrastructure protocol for Web3 verifiable credentials.
- Website: KILT
6. Kintsugi (Interlay)
- Description: Interlay’s BTC-Kusama bridge for liquidity.
- Website: Interlay
7. Kapocha (Edgeware)
- Description: Edgeware’s smart contract canary network.
- Website: Edgeware
8. Calamari (Manta)
- Description: Manta’s privacy-focused canary chain.
Auction Plan:
- Rewards: 10K KMA per 1 KSM, with early-bird bonuses.
- Website: Manta
9. Sakura (Clover Finance)
- Description: Clover’s DeFi infrastructure canary network.
Auction Plan:
- Rewards: 200 SKU per 1 KSM.
- Website: Clover
10. Basilisk (HydraDX)
- Description: A cross-chain liquidity protocol for nascent assets.
Auction Plan:
- Rewards: 15B BSX total.
- Website: HydraDX
11. Robonomics
- Description: IoT platform for digital twins on Polkadot.
- Website: Robonomics
12. Genshiro (Equilibrium)
- Description: Equilibrium’s DeFi hub on Kusama.
Auction Plan:
- Rewards: 1K GENS per 1 KSM, with referral bonuses.
- Website: Equilibrium
13. Loom Network
- Description: Multi-chain dApp deployment platform.
Auction Plan:
- Rewards: 100 LOOM per 1 KSM, no lock-up.
- Website: Loom
14. Kpron (Apron)
- Description: Apron’s infrastructure services testnet.
Auction Plan:
- Rewards: Up to 80 KPN per 1 KSM.
- Website: Apron
15. PolkaSmith (PolkaFoundry)
- Description: DeFi/NFT dApp production center.
Auction Plan:
- Rewards: 350+ PKS per 1 KSM.
- Website: PolkaFoundry
16. Sora Network
- Description: DeFi-focused parallel chain.
- Website: SORA
17. Parallel Heiko
- Description: Parallel Finance’s canary network.
Auction Plan:
- Rewards: 5% of HKO supply.
- Website: Parallel
👉 Learn more about Kusama's ecosystem
FAQs
1. How do Kusama parachain auctions work?
Projects bid for limited slots by crowdloaning KSM tokens from the community. Winning bids secure a parachain slot for a set lease period.
2. What rewards can contributors expect?
Rewards vary by project but typically include native tokens, NFTs, or bonus incentives for early/large contributions.
3. Are rewards locked?
Some projects impose lock-up periods (e.g., linear releases over 48 weeks), while others offer immediate payouts.
4. How can I participate?
Support a project’s crowdloan via their official website or Kusama’s parachain auction interface.
5. What happens if a project loses the auction?
Most projects still reward contributors, though at reduced rates compared to winning bids.
6. Can I unstake KSM after the auction?
Yes, KSM is returned after the lease period ends or if the project loses.