Karura, the Kusama implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap.

According to the announcement issued on Friday, the DEX platform is at present live, with KSM/KAR beingness the start trading pair on the exchange.

Per details provided by the declaration, Karura Swap has gone live with an initial full value locked north of $3.4 million, with more than than 1,000 unique liquidity providers (LP).

The team revealed that the DEX launch highlighted the benefits of its "Bootstrap feature" that provides a liquidity sandbox for trading pairs with the walled environment, reportedly preventing front-running and market manipulation during the initial launch of a trading pair.

"With Bootstrap, Karura aims to empower trustless trading at fair market rate to reflect the tenets of equitable and open finance for all," the blog post added.

Indeed, the inaugural KSM/KAR pair passed through the bootstrap phase and has only gone live after satisfying the mandated liquidity goal. With the launch of the DEX, Karura Swap becomes the first decentralized exchange on Polkadot and Kusama and the commencement avenue for trustless trading of Kusama tokens on a DEX.

Other trading pairs that will exist launched on Karura Bandy can besides make use of the Bootstrap feature. LPs tin can elect to supply one or both tokens in the puddle during the process, while trading remains suspended until the set liquidity target is accomplished.

Related: DeFi hub Karura emerges every bit get-go Kusama parachain slot auction winner

With Karura envisioned equally a decentralized finance hub on Kusama, the team said other features such as kUSD stablecoin loans, staking and liquidity mining programs are in the works. These added protocols are part of the plans to build upward the network inside the 48-week network lease secured past winning a parachain auction slot.

As previously reported by Cointelegraph, Karura became the first Kusama parachain slot auction winner dorsum on June 22, with over 501,000 KSM staked in the crowd-loan process. These slot auctions determine the parachains that will be added to the Kusama relay chain, which serves as a companion network for Polkadot.