On June 26th, Parallel Network, a full-chain L2 network, announced that it will officially shut down cKSM-related functions on July 11th, when users need to exchange cKSM for KSM. It is reported that Crowdloan is an on-chain voting and staking product developed by Parallel on the Kusama chain. Users can participate in Kusama crowdlending by voting for KSM through Crowdloan and receiving cKSM LP tokens issued by Parallel.