Acala and Karura plan to permanently shut down their networks on February 10, 2027, if two referendums are approved.
According to an announcement reported by Wu Blockchain, Acala has announced plans to shut down its network on Polkadot and its sister network Karura on Kusama. The team cited insufficient and fragmented DeFi liquidity on Polkadot and Kusama as the reason for the decision.
The shutdown plan is subject to approval of Acala Referendum #195 and Karura Referendum #137.
Users are being asked to withdraw their external assets, including DOT, KSM, USDT, and USDC, before the shutdown. The announcement also states that the native ACA and KAR tokens cannot be withdrawn.
Acala and Karura were the first parachain auction winners in their ecosystems
Acala won the first parachain auction on Polkadot, while Karura won the first on Kusama.
Not investment advice.