Coinbase Cloud Collaborates With Acala Foundation in Support o | Bitcoin Crypto Expert

Coinbase Cloud Collaborates With Acala Foundation in Support of Liquid Staking

Web 3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot.

According to the official blog post, Coinbase Cloud is “powering allowlisted validators that receive delegations from the community.” On Karura, which enables users to stake KSM for LKSM, users are not restricted by an unbonding period – usually ranging from 7 to 28 days in the Polkadot network – and can, for instance, deposit their LKSMs on Terra’s Anchor protocol to earn yields.The latest developments come on the heels of Coinbase Cloud, having worked on Polkadot and Kusama since their earlier testnets.