Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana - BitcoinEthereumNews.com
Anounced Wednesday in a blog post by डैन रीसेर Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with wormhole, the multi-chain bridging platform conecting blockchain networks. “As the first EVM+ integration on both Karura and Acala, this cross-chain interoperability will enable Acala and Karura users to enjoy asset integrations and access to over $200B of liquidity from leading layer-1 networks,” the blog post reads. ????????️ Acala the multi-chain interoperability encourages developers to create new use cases for aUSD leveraging assets and DApps beyond the Polkadot and Kusama ecosystems. Users and DApps on other blockchains will also be able to import aUSD to their ecosystems for new yield opportunities. According to the post, a user will be able to mint their aUSD on Acala or Karura, send it to ETH, then use it on Solana, then Polygon, then send it back to Acala with no wrapping or transferability issues. Additionally, Wormhole creates a chanel for the usage of LDOT and LKSM products in other ecosystems as collateral, increasing utility and the opportunity to leverage additional DeFi services in multiple crypto networks. If Wormhole sounds familiar to the reader, its likely due to the fact that a bug in the Wormhole protocol