Moonriver X CRUST SHADOW X HEIKO XCM Integrations: The Ultimate Integration!
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These integrations introduced bidirectional HRMP channels between Moonriver/Heiko and Moonriver/Crust: tokens can move freely to and from each parachain. The introduction of XC-20s enables native assets from other parachains, like HKO and CSM, to be used on Moonriver-based DApps as if they were ERC-20 tokens while retaining their ability to move across the larger Kusama network. As an XC-20, users can “deposit” tokens from elsewhere in the Kusama ecosystem to be used in Moonriver-based applications. As the Polkadot XCM integrations continue, Moonbeam will also support Heiko’s DOT parachain, Parallel.
As the largest application ecosystem on Kusama, Moonriver presents new opportunities for HKO and CSM to be used and swapped. These Kusama-native tokens can be used across the increasingly interconnected Kusama ecosystem. Projects on Moonriver can add the XC-20 form of these tokens to their DApps, allowing their users to easily interact with an even wider array of assets as Kusama continues to grow and mature. In the future, as cross-parachain communication technology evolves, these connections will enable inventive new use cases, including the deployment of multi-chain applications spread across multiple parachains.
Parallel Finance (with its Kusama-based Heiko network) is the Polkadot network-based DeFi super DApp protocol that features a composable and interoperable ecosystem of community-focused decentralized applications. The Heiko platform contains a financial primitive for KSM, called sKSM, which allows users to access the benefits of staking and other options without lockup periods. Using the Heiko (and subsequently Parallel) platform, users can lend and borrow against their assets. With this integration, users can now interact with MOVR from within Heiko’s DeFi protocols, or deposit HKO for use across Moonriver.
Crust Shadow is a parachain on Kusama that provides a decentralized storage network for the ecosystem. This integration will eventually bring Moonriver developers access to Crust’s dStorage concept and its 1.2 million terabytes of storage. Holders can use the token to obtain discounts related to Crust Shadow’s storage market rates, and further used to exchange CRU in the revenue pool.
Moonriver and its DeFi applications have become a destination for a variety of assets, both Moonriver-native and non-native (from the greater Kusama ecosystem).
In this video, we take a look at the amazing Heiko and Crust Shadow XCM integration on Moonriver! This is an amazing feat of engineering and we are so excited to be able to show it off to the world. This is truly a game changer for the XCM community and we cannot wait to see what else Heiko and Crust Shadow have in store for us!
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