According to ChainCatcher, the full-chain L2 network Parallel Network announced on the social platform that it will officially shut down cKSM-related functions on July 11. At that time, users need to exchange cKSM for KSM.

It is reported that Crowdloan is an on-chain voting and staking product previously developed by Parallel on the Kusama chain. Users can vote for KSM through Crowdloan and receive cKSM LP tokens issued by Parallel to participate in Kusama crowd lending.