The winner became the Clover Finance project

​Polkadot's fifth parachain auction has ended

17.12.2021 - 09:55


1 min

What’s new? The Clover Finance cross-chain platform has won the auction for the fifth slot of the Polkadot parachain. It is an NFT and Ethereum Virtual Machine (EVM) enabled project.

Source: Parachains

What is known about the auction? As of December 17, 9,75 million DOTs worth $248 million have been blocked in support of Clover Finance. The project was backed by 5465 DOT holders.

The cross-chain platform's competitor became the Efinity project. Its backers blocked 8,8 million DOTs worth $224 million.

How will events develop further? Clover Finance's victory signals the end of the first round of the parachain auctions. On December 18, the selected winners, Acala, Moonbeam, Astar, Parallel Finance, and Clover Finance, will be introduced into the main Polkadot network.

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