Acala.network is the financial hub of Polkadot and its research focuses on decentralized finance protocol and mechanism design, parachain economic modelling and governance. By providing key financial primitives including decentralized stablecoin, staking derivatives.
DeX, Acala Network powers cross-blockchain open finance (DeFi) applications on Polkadot and beyond. The project aims to issue Acala Dollar (aUSD) which is a decentralized stablecoin that allows users to send and receive USD across any blockchains connected to the Polkadot network.
Acala.network project also designs to release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network. Acala Network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability.
Acala.network is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.
Quick Fact About Acala.network
|DEFI Coin Name||Acala.network|
|Price||1 Acala Dollar = 1 US Dollar|
|Explorers||Click Here To Visit|
|Twitter Group||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Multiple-asset-backed decentralized digital currency without volatility. Stable by design, aUSD enables borderless and low-cost value transfer globally across all connected blockchains.
Release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network.
Powered by Polkadot
Acala.network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability.
Influence by Ownership
A decentralized network governed entirely by Acala Network Token (ACA) holders to achieve a transparent future: a future based on more truth and less trust.
- Borrow – Borrow aUSD and manage outstanding loans
- Earn – Earn interest on aUSD
- Trade – Trade tokens on Decentralized Exchange
- Govern – Participate in governance by ACA holders.
This paper outlines key utilities of the Acala.network tokens, its distribution model to support continuous R&D and gradual decentralization, and explores economic models to participate in parachain auctions over multiple periods under varied circumstances.
This paper introduces and elaborates on two decentralized protocols that enable cross-chain financial stability and liquidity on the Polkadot network – the Honzon Stablecoin Protocol and the Homa Tokenized Staking Liquidity Protocol.
Decentralized Sovereign Wealth Fund (dSWF)
This paper proposes a self-sustaining economic model for the era of connected digital jurisdictions – a dSWF to hold foreign cryptocurrency reserve with value, yield & utility, to secure a parachain on for itself & others, R&D for generations to come, all on behalf of & governed by token holders.
Become a member of the Acala Network, jointly govern and develop an open, transparent and stable financial platform.
Acala.network Collaborate and build with Acala members, integrate Acala stablecoin into your products and services.
Talk to us about backing the Acala, Laminar, and Polkawallet portfolio.
This program identifies, engages and supports projects that are using and integrating with Acala’s technologies (aUSD stablecoin, L-DOT staking liquidity, Decentralized Exchange etc). Ecosystem projects will have opportunities for technical and marketing collaborations and beyond.
KAR – Powering Karura
Acala.network Powers the micro gas fees and smart contract execution.
Incentivizes network nodes to monitor and relay messages to Kusama.
Empowers the community to vote, elect council members, and drive the development of Karura.
Algorithmic Risk Adjustment
Acala.network Auto-adjusts risk parameters such as interest rates or collateral ratio.
Allows teams to deploy new Substrate pallets on the Karura blockchain by staking KAR.
Smart Contract Deployment
Enables teams to deploy new DApps and smart contracts on Karura’s platform after staking KAR.
Karura’s sister network, Acala, the DeFi Hub of Polkadot.
Acala.network and Karura will operate in parallel and serve the users of the Polkadot and Kusama communities. Once Kusama is bridged to Polkadot, Karura and Acala will also be fully interoperable.
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