As reported, Polkadot announced the schedule for the first two parachain auctions, which have been running since November and have completed four rounds. And today, the next name to win is Clover Finance in the Parachain auction on Polkadot.
Congratulations to @clover_finance on winning Polkadot’s fifth auction!
Clover will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 5.4K network stakeholders locked up DOT in favor! pic.twitter.com/M2Cy1KqgtQ
— Polkadot (@Polkadot) December 16, 2021
Clover Finance becomes 5th participant to win the auction on Polkadot
In the latest announcement on Polkadot’s Twitter, the platform said that Clover Finance (CLV) is the next name to win the parachain auction race.
Clover Finance is a smart contract platform that is highly compatible with EVM, founded in 2020 as a parachain of Polkadot based on the modular framework. Clover advertises itself as a 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 onboarded at block 8179200 at the beginning of lease 6 with the other first 5 auction winners.
Statistics on the first five projects winning the Polkadot parachain auction | Source: DotMarketCap
Notably, as AZCoin News mentioned, the winning order of the first three Polkadot parachain auctions was precisely the same as the order of the winning project of Kusama – Polkadot’s experimental blockchain. Accordingly, the first three 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 build their blockchain on the Polkadot system quickly. Polkadot calls these parallel blockchains “parachains” and parachains can connect to the leading network through slots – parachain slots. The winning projects of the parachain auction will get the right to “rent” this position for about two years before Polkadot holds the auction again.
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Read more:
- Parallel Finance Has Won Polkadot’s Fourth Parachain Auction
- Astar Network Becomes The 3rd Project To Win A Parachain Auction On Polkadot