Acala and Karura are ready to join Wormhole: Why is this crucial for Polkadot and Kusama interoperability with other major L1s?
As such, both Acala and Karura will be connected to the world-leading ecosystem of L1 platforms, including all smart contracts majors Ethereum, Terra, BNB Chain , Solana, Avalanche and so on.
Currently, the bridge surpassed $3.6 billion in total value locked after the latest additions to its infrastructure. Besides interoperability, the two networks will benefit from Wormhole's consensus abstraction, speed and upgradeability mechanics. This integration also boosts interoperability between Substrate and EVM. Also, it is set to allow aUSD minting on both Acala and Karura, with DOT, ACA, KSM, KAR, LDOT and LKSM as collateral.The integration makes DeFi activities on both platforms more profitable as USDC, ETH, SOL, AVAX or LUNA tokens will be accepted natively in Karura and Acala.
More yield opportunities and stablecoins will also be avaliable for the clients of Polkadot- and Kusama-based protocols.