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Acala

Acala

ProjectWatch3

Decentralized finance network

polkadotDeFiLayer1Infra

About

Acala is building the liquidity layer for web3 finance that is captive and sustainable. It aims to provide infrastructures for HyFi (DeFi+CeFi) solutions with crypto and real-world assets. Acala offers a Universal Asset Hub that hosts multichain liquid staking token (LST) protocols (such as liquid DOT - LDOT), an AMM decentralized exchange, and an app platform that is EVM-compatible and highly customizable (based on Substrate). Acala is secured by Polkadot, and is the liquidity gateway of Polkadot parachains and L1/L2 blockchains.

ACA/USDT

No chart data available

Founded
2019 · 7y

History

2024
Apr 4, 2024chain expansionmajor

Sinai Upgrade and Multichain Expansion

2023
Sep 13, 2023product launchmajor

Euphrates Liquidity Program Launch

2022
Aug 14, 2022security incidentmajor

aUSD Depeg and Exploit

Feb 9, 2022product launchmajor

aUSD Stablecoin Launch

Feb 4, 2022product launchmajor

Liquid DOT (LDOT) Staking Launch

2021
Dec 18, 2021token launchmajor

Acala Network Genesis and ACA Token Launch

2020
Aug 26, 2020funding

Funding Round

$7.00M

$7.00M · The Spartan Group, Pantera Capital, CMS Holdings

Mar 26, 2020funding

Seed Round

$1.40M

$1.40M

2019
Jan 1, 2019founded

Founded

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