The Acala and Manta Network projects opened an HRMP channel between the Karura and Calamari parachains in the experimental Polkadot-Kusama network. Team representatives reported this to ForkLog.

“The opening of a new HRMP channel and the successful deployment of cross-consensus communication to link assets will ensure privacy and interoperability across both currency chains,” the developers said.

In May 2022, Polkadot developers launched the XCM messaging system that allows communication between different parachains. While XCM is in the implementation phase, projects use an “intermediate” protocol – HRMP.

The channel allows the transfer of one USD stablecoins from Acala and Karura native tokens (KAR) between parachains. In the future, the Manta Network team plans to integrate other members of the ecosystem with Calamari.

Squid is a platform that uses technology zk-SNARK ensuring the confidentiality of transactions and on-chain exchanges.

Karura is positioned as a DeFi hub for the experimental Kusama network. In November, the Acala project won its first Polkadot parachain auction. His team develops a variety of decentralized products, including the aUSD algorithmic stablecoin, an unregulated exchange, and DOT-based derivatives.

Recall that in March 2022, Acala launched a $250 million fund to promote its stablecoin.