Kylix Finance is on the verge of becoming fully operational, facilitating secure cross-chain lending and borrowing within Polkadot. Phase 3 has been validated by the Web3 Foundation, strengthening the protocol's reliability and improving interoperability via the XCM protocol. Phase 4, the final stage of development, is almost complete and focuses on the necessary technical adjustments to optimize the user experience, security, and scalability of the platform.
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Acala and Karura: A broken bridge.
Starting June 18, 2025, you won鈥檛 be able to send Wormhole-wrapped tokens from Acala or Karura to other blockchains via Wormhole. Users should withdraw or bridge back any Wormhole-wrapped tokens received on Acala or Karura to their original chains, before that date to avoid loss. Also affected are all Acala and Karura liquidity pools with Wormhole-wrapped tokens.