Overview of parachain auctions on Kraken

Your Kraken account must be verified to intermediate level to participate in parachain auctions. This service is not available to residents of the US, Canada or Australia at this time.

Parachain slot auctions allow the community to decide which projects to add to the Polkadot and Kusama networks. Learn about parachains, parachain auctions, how they work and much more at the Kraken Learn Center.

View the details of projects currently seeking a place in their respective networks below.

Note:

This is a list of the projects that Kraken enables its clients to vote for, but is not necessarily the full list of all projects seeking a parachain slot. Kraken does not endorse any current auction participant or past auction winner and does not guarantee the accuracy or completeness of any information stated on this page (which is based on information provided by third parties, may be incorrect and is subject to change).
The tables below display estimated rewards per 1 DOT / KSM contributed, and each project's anticipated reward distribution schedule. These reward estimates do not include Kraken’s administration fee.

Current DOT auctions

Projects will be added as they are made available to clients on Kraken

Contribute to DOT auctions

Current KSM auctions

Projects will be added as they are made available to clients on Kraken

Contribute to KSM auctions

Past DOT auction winners

Project	Estimated Minimum Reward Rate	Estimated Reward Distribution Schedule	Auction End Date
Acala	4.61+ ACA / 1 DOT	20% of the reward will be unlocked upon parachain launch (~0.922 ACA) 80% unlocked in regular intervals over 96 weeks (~0.038 ACA/week)	11/18/2021
Astar	102+ ASTR / 1 DOT	10% of the reward will be unlocked upon parachain launch (~10.2 ASTR) 90% unlocked in regular intervals over 22 months (~4.17 ASTR/month)	12/2/2021
Aventus Network	3 AVT / 1 DOT	10% of AVT rewards will be unlocked upon parachain launch (~0.3 AVT) 90% of AVT unlocked in regular intervals over 22 months (~ 0.123 AVT/month)	9/6/2022
Centrifuge	12+ CFG / 1 DOT	20% of the reward will be unlocked upon parachain launch (~2.4 CFG) 80% unlocked in regular intervals over 68 weeks (~0.14 CFG/week)	1/27/2022
Clover Finance	20+ CLV / 1 DOT	28% of the reward will be unlocked upon parachain launch (~5.6 CLV) 72% unlocked in regular intervals over 23 months (~0.626 CLV/month)	12/16/2021
Composable	3.28+ LAYR / 1 DOT	25% of the reward will be unlocked upon parachain launch (~0.82) 75% of LAYR will be unlocked linearly over a 1.5 years (~1.64 LAYR/year)	1/13/2022
Crust Network	0.2+ CRU / 1 DOT	CRU rewards will be unlocked upon parachain launch	10/24/2022
Efinity	26+ EFI / 1 DOT	Unlocked in regular intervals over 2 years	12/31/2021
Equilibrium	200+ EQ / 1 DOT	10% of the reward will be unlocked upon parachain launch (~20 EQ) 90% unlocked in regular intervals over 2 years	3/19/2022
HydraDX	12.5+ HDX / 1 DOT	Unlocked in regular intervals over 2 years	2/10/2022
Integritee	2.5+ TEER / 1 DOT	Unlocked in regular intervals over 96 weeks	8/1/2022
Interlay	22+ INTR / 1 DOT	30% of the reward will be unlocked upon parachain launch (~6.6 INTR) 70% unlocked in regular intervals over 96 weeks (~0.160 INTR/week)	2/24/2022
Litentry	2.5+ LIT / 1 DOT	Unlocked in regular intervals over 96 weeks	4/25/2022
Moonbeam	4+ GLMR / 1 DOT	30% of the reward will be unlocked upon parachain launch (~1.2 GLMR) 70% in regular intervals over 96 weeks (~0.029) GLMR/week)	11/25/2021
Nodle	20+ NODL/ 1 DOT	30% of the reward will be unlocked upon parachain launch (~6) 70% will be unlocked in regular intervals over 96 weeks (~0.145)	3/10/2022
OriginTrail	20+ OTP / 1 DOT	25% of the reward will be unlocked upon parachain launch (~5 OTP) 75% unlocked in regular intervals over 96 weeks (~0.156)	5/18/2022
Parallel Finance	93+ PARA/ 1 DOT	Unlocked in regular intervals over 2 years	12/9/2021
Polkadex	2+ PDEX / 1 DOT	25% of the reward will be unlocked upon parachain launch (~0.5 PDEX) 75% unlocked in regular intervals over 96 weeks (~0.0156 PDEX)	5/9/2022
Phala	24+ PHA / 1 DOT	15% of the reward will be unlocked upon parachain launch (~3.6 PHA) 85% will be unlocked in regular intervals over 96 weeks (~0.2125 PHA/week)	4/1/2022
Totem	0.1+ KAPEX / 1 DOT	Unlocked in regular intervals over 2 years	6/27/2022
Unique Network	5.28+ UNQ / 1 DOT	UNQ rewards will be released in regular intervals over 2 years	4/12/2022

Past KSM auction winners

Project	Estimated Minimum Reward Rate	Estimated Reward Distribution Schedule	Auction End Date
Altair	400 AIR / 1 KSM	25% of the reward will be unlocked upon parachain launch (~100 AIR) 75% unlocked in regular intervals within 48 weeks (~6.25 AIR/week)	9/29/2021
Basilisk	67,500+ BSX 255 HDX / 1 KSM	BSX unlocked in regular intervals over 48 weeks (~1,406 BSX/week) HDX lockup period of ~11 months	9/22/2021
Bifrost	22 BNC / 1 KSM	50% of the reward will be unlocked upon parachain launch (~11 BNC) 50% unlocked in regular intervals within 48 weeks (~0.23 BNC/week)	7/20/2021
Crust Shadow	1 CRU 1,000 CSM / 1 KSM	30% of the reward will be unlocked upon parachain launch (~0.3 CRU, ~300 CSM) 10% unlocked every six weeks (~0.0875 CRU, ~87.5 CSM/six weeks)	12/26/2021
Crust Shadow 2	100 CSM / 1 KSM	CSM rewards will be unlocked in regular intervals over 1 year	10/25/2022
Genshiro	2,530+ GENS / 1 KSM	10% GENS will be unlocked upon the parachain launch (~253 GENS) 90% GENS unlocked in regular intervals over 48 weeks (~47.43 GENS/week)	11/22/2021
Genshiro 2	5,000+ GENS / 1 KSM	GENS rewards will be unlocked upon parachain launch	10/19/2022
Integritee	40+ TEER / 1 KSM	Unlocked in regular intervals over 48 weeks.	1/16/2022
Karura	23.5+ KAR / 1 KSM	30% KAR will unlocked upon the parachain launch (~7.05 KAR) 70% unlocked in regular intervals over 48 weeks (~0.34 KAR/week)	6/22/2021
Khala	150+ K-PHA / 1 KSM	34% of rewards will be unlocked upon the parachain launch (~51 K-PHA) 66% unlocked in regular intervals within 48 weeks (~2.06 K-PHA/week)	7/13/2021
Kilt	25+ KILT / 1 KSM	50% KILT will be unlocked upon the parachain launch (~12.5 KILT) 50% unlocked in regular intervals over 24 weeks (~0.52 KILT/week)	9/7/2021
Kintsugi	3.75+ KINT /1 KSM	30% KINT will be unlocked upon the parachain launch (~1.125 KINT) 70% unlocked in regular intervals over 48 weeks (~0.055 KINT/week)	10/13/2021
Moonriver	14.5 MOVR / 1 KSM	30% of the reward will be unlocked upon parachain launch (~4.35 MOVR) 70% unlocked in regular intervals over 48 weeks (~0.21 MOVR/week)	6/29/2021
Picasso	20,000+ PICA	50% unlocked at TGE (~10,000 PICA) 50% unlocked in regular intervals over 48 weeks (~208 PICA/week)	11/1/2021
Robonomics	3.5+ XRT/ 1 KSM	Unlocked in regular intervals over 52 weeks	1/02/2022
Sakura	200 SKU / 1 KSM	28% SKU will be unlocked upon the parachain launch (~56 SKU) 72% unlocked in regular intervals over 48 weeks (~3.042 SKU/week)	12/20/2021
Shiden	15+ SDN / 1 KSM	Immediately unlocked	7/6/2021

How parachain auctions work on Kraken

How do I participate in parachain auctions on Kraken?

1. Sign up for a Kraken account and verify your account to Intermediate level or higher. 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.

What happens to the DOT or KSM I bond to support a parachain auction bid?

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.

How do the rewards get distributed?

Where possible, rewards will be credited to your Kraken account following receipt by us. They’ll be distributed to you on a pro-rata basis based on:

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
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.

What are the fees?

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.

Benefits of participating in parachain auctions through Kraken:

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.

What are the risks involved in participating in parachain auctions?

Read about the risks involved in participating in parachain auctions here.

Project specific information

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.

If you have other questions about parachain auctions

Refer to our FAQs and do your own research. Parachain auctions are new and unique and present new and unique benefits and risks. You should not participate in parachain auctions if you do not understand how they work.

Projects will be added as they are made available to clients on Kraken