2. Deposit or purchase Polkadot (DOT) or Kusama (KSM). Unstake your DOT or KSM if you are staking with Kraken.

3. Navigate to Earn > Parachains.

4. Select the project you would like to support.

5. Enter amount of DOT or KSM to contribute.

6. Select contribute and confirm.

The DOT / KSM you bond to support a parachain auction bid will be locked — unable to be traded, staked or withdrawn — for the duration of the project’s auction campaign (if the project doesn’t win) or the duration of the parachain slot acquired by the project (if the project wins). At the end of the applicable period, the bonded DOT / KSM will be unlocked and Kraken will endeavor to return it to your account as soon as possible.

Projects may establish an auction campaign duration that lasts for one or more sequential auction periods in the event where they lose the first auction(s). Projects that win a Polkadot or Kusama parachain slot at auction acquire that slot for up to 96 or 48 weeks on each network, respectively.

1. 1

   The amount of DOT / KSM you bonded through us in the corresponding parachain auction bid versus the total amount of DOT / KSM bonded through us in that parachain auction bid
2. 2

   The amount of Rewards we receive, which may include any additional Rewards received for referral bonuses, early participation bonuses or other factors.

We will use this pro rata approach to distribution if you instruct us to bond your DOT / KSM in a parachain auction today. Otherwise, it is subject to change.

Note:

• Any tokens you receive as rewards may be subject to certain restrictions, such as temporary restrictions on transferability, which may limit your ability to trade the token, withdraw it from the Kraken platform or to use it for certain functions such as staking (which Kraken may support) or governance (which Kraken does not currently support) until such restrictions expire.
• Kraken generally has no obligation to facilitate claims of rewards that are not 'native' to the parachain of a winning parachain auction bidder. For example, some projects may distribute rewards in the form of ERC-20 tokens, NFTs, or via some other mechanism, prior to or after winning a parachain slot auction, which Kraken has no obligation to support. However, for rewards that are intended to be redeemable for the native parachain asset after the project wins a slot auction, we may facilitate claims of those rewards earned by clients on a case-by-case basis. In such circumstances, we’ll credit the earned rewards to clients' accounts only after an auction has been won by the project.

Rewards are subject to an administrative fee upon receipt. Fees differ between networks, slot auction number and contributed amounts, as described below.

Polkadot Parachain Slot Auctions:

• For all slot auction contributions (including those made during warm-up periods), there is a 5% fee on the project’s token rewards that Kraken claims on your behalf.
• Contributions to a single parachain project exceeding 1000 DOT will be subject to a 2% fee on the project’s token rewards that Kraken claims on your behalf.

Kusama Parachain Slot Auctions:

• For slot auctions contributions to slots 1-14, there is a 10% fee on the project’s token rewards that Kraken claims on your behalf.
• For all auction contributions from Auction 15 (11/15/2021 - 11/22/2021) onwards (including those made during warm-up periods), there is a 5% fee on the project’s token rewards that Kraken claims on your behalf.
• Contributions to a single parachain project exceeding 100 KSM will be subject to a 2% fee on the project’s token rewards that Kraken claims on your behalf.

These fee rates will apply to you if you instruct us to bond your DOT / KSM in a parachain auction today. Otherwise, they are subject to change.

• Quickly unstake DOT or KSM to participate in an auction.
• Purchase DOT or KSM and participate within seconds.
• Be protected with world class security.
• Fund, trade, stake and participate in parachain auctions all within a single interface.

• The data provided in the tables above and in our user interface are based on information obtained from third parties, estimates provided for your convenience and illustrative purposes only, and may be wrong and subject to change at any time. We have no obligation to verify or update the information.
• Please see our Terms for more details and reach out to each project for any further information.

As described in the “Rewards” section above,  Parachain rewards are distributed based on the amount of DOT / KSM contributed to a project’s parachain auction bid, and how much the project team decides to allocate to users as rewards for participating in the auction. It’s important to note that not all rewards are delivered immediately and depending on the project, rewards may be unlocked periodically over time or subject to other restrictions.

Where possible, we will credit all users with their allocated rewards following the end of the auction and receipt of (unlocked) tokens by us. Rewards are distributed relative to the amount of DOT / KSM you have contributed to a project. Some projects may offer “bonus rewards” for contributions made prior to a predetermined date. To the extent credited, these bonus rewards will be distributed evenly to all participants.