Phala’s Kusama Slot Auction Strategy

Phala Network  

The key to Kusama’s scalable multichain architecture, parachains connect to the network by leasing a slot on the Relay Chain via permissionless auction. As Polkadot’s canary network, Kusama will roll out parachain auctions first for testing and optimization. Parachains will likely be onboarded to Kusama gradually at first to make sure everything is running smoothly, but no promises. Parachain slot auctions follow a modified candle auction format, where the exact endpoint of the auction is unknown by participants in order to prevent auction sniping (the strategy of bidding at the last moment), leading to more accurate price discovery.