Acala Token

DeFi

Polkadot

Acala

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/acala-coin-powers-defi-on-polkadot" data-wpel-link="internal" rel="noopener noreferrer nofollow">Acala Coin Powers DeFi on Polkadot</a><br></p>
<p style="text-align: justify">Acala is a blockchain platform fortified by Polkadot, enabling users to trade on Acala Swap, acquire self-service loans using the Acala Dollar stablecoin, and earn high-yield APY on digital assets via Liquid DOT staking. Liquidity providers can take advantage of staking derivatives and generate substantial interest.</p>
<h2 id="how-does-acala-operate">How Does Acala Operate?</h2>
<p style="text-align: justify">The network is designed to be scalable, Ethereum-compatible, and fine-tuned for Decentralized Finance (DeFi). It also connects to other networks such as Ethereum, Bitcoin, and Compound Gateway, which recently received a grant from Compound. Acala is collaborating with the US <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">fintech</a> company Current to offer DeFi yields to Current’s three million US customers. Acala’s <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">applications</a> are available for testing on the testnet.</p>
<p style="text-align: justify">Founded in October 2019, Acala has secured five grants from the Web3 Foundation and enjoys backing from prominent firms including Coinbase Ventures, Pantera Capital, and Polychain Capital. Governance of the decentralized network is entirely managed by the Acala Token (ACA), which also functions as a utility token for network operations.</p>
<h2 id="what-benefits-does-acala-offer">What Benefits Does Acala Offer?</h2>
<p style="text-align: justify">With Acala, users can access DOT-based assets and derivatives, Polkadot-native decentralized stablecoins, Polkadot ecosystem assets, and cross-chain assets like Bitcoin and Ethereum. The chain is tailored for DeFi applications and can upgrade without forks, incorporating new features as developers request them. For instance, on-chain “keepers” automate protocol execution to better manage risks and enhance user experience. Moreover, transaction fees can be paid with almost any token, alleviating common issues.</p>
<h3 id="key-features-of-acala">Key Features of Acala</h3>
<p style="text-align: justify">– Access to DOT-based assets and derivatives.<br> – Native decentralized stablecoins backed by cross-chain assets.<br> – Interoperability with Ethereum and Bitcoin networks.<br> – Continuous upgradability without forks.<br> – Automated protocol execution through on-chain “keepers”.<br> – Flexible transaction fee payment options.</p>
<p style="text-align: justify">Acala Dollar (aUSD) serves as the platform’s native programmable primitive, operating as a Polkadot-specific decentralized stablecoin supported by cross-chain assets like DOT and BTC. The layer-1 platform combines the strengths of Ethereum and Substrate environments, ensuring compatibility with existing tech stacks, tools, and wallets such as MetaMask.</p>
<p style="text-align: justify">To purchase ACA Coin, users can easily use <a href="https://en.bitcoinhaber.net/binance-triumphs-a-year-of-growth-and-compliance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest cryptocurrency trading platform by volume. Registration with Binance is required to send fiat currency, which can then be used to buy ACA Coin in trading pairs against Bitcoin (BTC), BUSD, and Tether (USDT). Additionally, Binance offers a Limit tab where users can place buy orders below market value by specifying the desired amount and price.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/acala-coin-powers-defi-on-polkadot" data-wpel-link="internal" rel="noopener noreferrer nofollow">Acala Coin Powers DeFi on Polkadot</a></h5>

Acala Coin Powers DeFi on Polkadot

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