As reported, Polkadot has announced the schedule for the first two parachain auctions, which started in November and have completed four rounds. And today, the next name to win is Clover Finance in the Parachain auction on Polkadot.
Congratulation @clover_finance Win the fifth auction of Polkadot!
Clover will be introduced at block #8179200 [Dec. 18] at the beginning of the lease 6 with the other 5 winning the first auction. Over 5.4k stakeholders in the network supported DOT! pic.twitter.com/M2Cy1KqgtQ
– Polkadot (@Polkadot) December 16, 2021
Clover Finance becomes the 5th participant to win the auction on Polkadot
In the latest announcement on Polkadot’s Twitter, the platform said Clover Finance (CLV) is the next name to win the parachain auction race.
Clover Finance is a smart contract platform with high compatibility with EVM, founded in 2020 as a patron of Polkadot based on a modular framework. Clover advertises itself as the foundation layer for cross-chain compatibility. It can be seen as an infrastructure platform focused on cross-chain compatibility, allowing developers to connect DeFi dApps between Ethereum and Polkadot.
Clover will be featured at lot 8179200 at the beginning of the lease 6 along with the other 5 first auction winners.
Statistics of the first five projects that won the Polkadot parachain auction | Source: DotMarketCap
Notably, like Bitcoin News mentioned, the winning order of the first three Polkadot parachain auctions is exactly the same as that of the winning project Kusama – Polkadot’s experimental blockchain. Accordingly, the first 3 projects that won the auction on Kusama were Karuka > Moonriver > Shinden Network the first three projects that won the auction on Polkadot were Acala > Moonbeam > Astar – their “mapped” versions.
Polkadot is a blockchain of many blockchains. This project will help users to build their blockchain on the Polkadot system quickly. Polkadot calls these two-track blockchains “parachains” and parachains can connect to the top network through slots – parachains. The winning projects of the parachain auction will have the right to “rent” the location for about two years before Polkadot holds the auction again.
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