Acala and Karura plan permanent shutdown on February 10, 2027
Polkadot DeFi platform Acala and its Kusama sister chain Karura have announced plans to permanently terminate operations on February 10, 2027, subject to community governance referendums.
Decentralized finance platforms Acala and Karura have announced plans to permanently shut down on February 10, 2027, according to announcements reported by Wu Blockchain and BSCN. The move would wind down the Polkadot-based Acala network alongside Karura, its sister chain on Kusama, ending a seven-year operational history for the projects.[1][2]
The planned shutdown is contingent on the approval of governance votes through Acala Referendum #195 and Karura Referendum #137. The team cited insufficient and fragmented DeFi liquidity across the Polkadot and Kusama ecosystems as the primary reason for terminating services. Acala and Karura were the inaugural parachain auction winners on Polkadot and Kusama, respectively.[1][2][3]
Users are being urged to withdraw all bridged and foreign collateral prior to the shutdown date, including DOT, KSM, USDT, and USDC. However, native ACA and KAR tokens cannot be withdrawn and will remain locked on their respective blockchains once network validators cease producing blocks.[1][2]
Key facts
- Acala and Karura announced plans to permanently shut down on February 10, 2027.
- The shutdown depends on the approval of Acala Referendum #195 and Karura Referendum #137.
- The networks cited fragmented and insufficient DeFi liquidity across Polkadot and Kusama as the reason for closing.
- Users are advised to withdraw external and bridged assets including DOT, KSM, USDT, and USDC before the networks close.
- Native ACA and KAR tokens cannot be withdrawn and will remain locked once validators stop producing blocks.
- Acala and Karura were the first parachain auction winners on Polkadot and Kusama, respectively.
Sources · 3 sources
- BS
BSCN@BSCNewsPost on X ·
Polkadot's top DeFi platform wants to call it quits... @Polkadot DeFi platforms @AcalaNetwork and its sister chain on Kusama, @KaruraNetwork, have announced they will terminate their services on February 10, 2027. This decision is contingent on successful votes in Referendums #195 and #137. Both networks cite liquidity fragmentation across the Polkadot and Kusama networks as the main reason for ending a seven-year streak. The networks advise withdrawing all bridged and foreign collateral, such as $DOT, kusama:native, $USDT, and $USDC. acala:native and $KAR native coins will remain locked on the blockchain once validators stop creating new blocks.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Polkadot DeFi Networks Acala and Karura Plan Permanent Shutdown on February 10, 2027 Acala announced plans to permanently shut down both its Polkadot-based network and sister network Karura on Kusama on February 10, 2027, pending approval of Acala Referendum #195 and Karura Referendum #137. Users are urged to withdraw external assets, including DOT, KSM, USDT and USDC, before the shutdown. Native ACA and KAR tokens cannot be withdrawn. The team cited insufficient and fragmented DeFi liquidity across the Polkadot and Kusama ecosystems as the main reason for winding down. Acala and Karura were the first parachain auction winners on Polkadot and Kusama, respectively.
Open source - CB
Crypto BriefingArticle ·
Acala and Karura plan permanent shutdown on February 10, 2027, pending referendums The potential shutdown of Acala and Karura highlights the critical role of governance in blockchain ecosystems and the risks of asset immobility. The post Acala and Karura plan permanent shutdown on February 10, 2027, pending referendums appeared first on Crypto Briefing .
Open source