Turing Network is Kusama’s hub for cross-chain automation
The team at OAK Network is excited to announce bi-directional HRMP channels with Astar Network,
Bifrost Finance, Mangata, and Crust Network on the Kusama relay chain. Open HRMP channels enable multi-chain apps to bridge TUR and automate any extrinsic or smart contract function using OAK’s event-driven execution combined with cross-consensus messaging (XCM).
After adding support for HRMP and connecting toAcala Network, Parallel Finance and Phala Network earlier this summer, Turing Network is now connected to seven parachains and taking its place as Kusama’s hub for cross-chain automation.
Are you interested in learning more about how OAK enables cross-chain automation? Watch OAK Network’s Ryan Huttman from Polkadot Decoded 2022!
Enabling Event-Driven Execution with XCM (OAK Network’s Ryan Huttman at Polkadot Decoded 2022)
While other web3 automation solutions require custody of private keys (bots) or crypto (smart contracts), OAK combines event-driven execution with XCM to move assets and execute transactions without tokens or private keys ever touching OAK. With HRMP channels open, multi-chain dapps can offer rich user experiences powered by automation including recurring payments, stable-cost-averaging, and automatically compounding rewards for stakers and liquidity providers.
Still have questions about secure and trustless automation on Polkadot? Dive deeper with OAK Network CEO Chris Li in this video from Polkadot Decoded 2022!
Secure and Trustless Automation on Polkadot (OAK Network CEO Chris Li at Polkadot Decoded 2022)
About Astar Network
Astar supports the building of dApps with EVM and WASM smart contracts to offer developers true interoperability with cross-consensus messaging (XCM). Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.
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About Bifrost Finance
Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. By leveraging on the cross-consensus message (XCM) it can provide cross-chain liquid staking services for multiple chains. Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot.
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About Crust Network
Crust Network is a versatile, purpose-built storage blockchain that delivers truly decentralized file storage and hosting capabilities for the entire Web3 ecosystem, empowering privacy and data ownership. Crust Network enables dApp hosting, NFT metadata storage and encrypted file storage across a wide range of blockchains. Join Crust Network now and enjoy access to over 1000Pb storage across more than 3,000 nodes!
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About Mangata
Mangata is a next-generation DEX with the mission to make tokens from all ecosystems tradable on a single DEX. It features gasless swaps, prevents front-running and MEV on the consensus level without additional fees, and secures the network with the revolutionary proof-of-liquidity consensus. As a Layer 1 app-chain building on Substrate, it is not bound by legacy restrictions and can customize the rules of the chain to optimize the whole ecosystem around capital efficiency and fairness.
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About Ava Protocol
Ava Protocol is an intent-based Eigenlayer AVS that seamlessly enables private autonomous transactions for numerous use cases, such as DeFi, NFTs, and games. We're enhancing decentralized applications with scheduled and recurring payments, stop-loss orders, streaming rewards, and more. Ava Protocol’s event-driven execution model triggers cross-chain transactions based on signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across different blockchains, including Ethereum, ensuring efficient and reliable execution without compromising privacy.
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About Ava Protocol
Ava Protocol is an intent-based infrastructure that empowers private autonomous transactions for Ethereum and beyond.
