What does Karura do?
Karura (CRYPTO:KAR) is a decentralized finance (DeFi) hub on Kusama. It offers a suite of financial applications including a trustless liquid staking token protocol (liquid KSM), an AMM DEX, and an app platform that is EVM-compatible and highly customizable (based on Substrate).
Karura operates using a decentralized network of validators. Validators stake their KAR tokens to help secure the network and process transactions. KAR holders can also stake their tokens to earn rewards and participate in the governance of the platform.
The main objective of Karura is to become the leading DeFi hub on Kusama. The Karura team is committed to providing users with a wide range of financial services and products, all with micro gas fees.