The Composable Parachain is realized!
Composable Finance wins 8th slot at 7th Polkadot parachain auctions
Composable is proud to join the elite class of Polkadot parachain custodians, having won the 8th parachain slot in the 7th Polkadot auctions. To make this remarkable achievement happen, over nine thousand crowdloan participants contributed 6,075,485 DOT valued at over $163 million.
This massive outpouring of support demonstrates the goodwill shared with our community. In appreciation, we are rewarding 16% of Composable’s total $LAYR supply to crowdloan participants. Thank you to everyone who has supported us in our efforts and continues to edge us towards the full realization of our vision for an interoperable ecosystem.
About our ecosystem and the Composable Parachain
Composable’s full technical stack is driving the evolution of digital assets and DeFi protocols. It enables the unification of functionality across all blockchain ecosystems to guide the industry towards a cross-chain future. Through our infrastructure and associated projects such as Instrumental Finance and Angular Finance, we drive thought leadership and provide robust protocols and tools to help DeFi achieve the ideals it was built upon.
Thanks to Polkadot’s high-security environment, the Composable Parachain will be home to both the Composable Cross-Chain Virtual Machine (XCVM) and our Routing Layer. These key innovations will drive our ecosystem towards true blockchain-agnostic functionality. In time, users and developers will be able to do more than just move assets between applications on different chains. Our infrastructure will orchestrate the most efficient pathway irrespective of chain or application.
As the Composable Parachain develops and reaches its full potential, all our infrastructure and associated projects will benefit from its advanced functionality. If you are looking for more technical details on the Composable Parachain, check out this article from 0xbrainjair, our founder and head of product.
Celebrate with us!
We are excited to celebrate this significant milestone with our community. We invite everyone to join us for an ask me anything (AMA) on Twitter Space on January 13 at 2 PM EST (8 PM CET). Join us to learn more about the Composable Parachain and the next steps in its development.
We look forward to celebrating with everyone. Thank you again to our wonderful community and crowdloan contributors.
For more information about Composable and how it is architecting the unified DeFi landscape of the future, check out our socials: