Looking for decentralized, self-custody staking with strong & consistent rewards:
#Polkadot
at 15-21%?
Check out
#LDOT
(Acala's
#LST
for
#DOT
) benefits 👇
Staking DOT:
Or via
#Euphrates
with boosted yield (target 30-40%)
With over 32M DOT contributed by over 81,000 community members, Acala has won the first parachain auction on
@Polkadot
!
Thank you to everyone who took part in this historic event. (1/3)
The Acala Crowdloan waitlist is open!
To celebrate, we're launching a competition & ACA giveaway. Sign up now to get your piece of
@Polkadot
's DeFi hub before launch🥧
💫 ACA token transfers will be enabled on January 25th at roughly 5am UTC. Timing will vary based on block time.
Be on the lookout for a crowdcast this week with updates on Phase 1 of the launch, as well as an announcement about a new product coming to
@AcalaNetwork
very soon!
Acala's sister network,
@KaruraNetwork
, is gearing up for the Crowdloan, Parachain Auction, and Launch as the DeFi Hub of
@KusamaNetwork
!
Join the Karura Crowdloan Waitlist as soon as you can to be eligible for the Crowdloan referral program and prizes 💪
Karura Crowdloan Waitlist Now Open!
Karura will soon host a Crowdloan to bootstrap the parachain auction for the DeFi hub of
@KusamaNetwork
.
Compete for KAR Crowdloan bonuses up to 25% and an Apple iPad.
Everyone with 130+ entires wins 3 KAR.
Go.
Acala, nine parachain teams, and a group of venture funds have launched the $250 million 'aUSD Ecosystem Fund' 🅰️💸
The fund is seeking early-stage projects from any
@Polkadot
or
@KusamaNetwork
parachain with strong $aUSD stablecoin use cases 🚀
Congratulations to
@MoonbeamNetwork
on securing a parachain slot on Polkadot! The future of
@Polkadot
is stronger than ever. We look forward to joining you on the Relay Chain on December 18th 💪
We have noticed a configuration issue of the Honzon protocol which affects aUSD. We are passing an urgent vote to pause operations on Acala, while we investigate and mitigate the issue. We will report back as we return to normal network operation.
Acala has successfully onboarded its parachain to
@Polkadot
initiating Acala's genesis, a monumental first step in the launch process!
Thank you to the 830k community members who have supported Acala on this journey. The launch roadmap is now underway.
💫 Acala NFTs have been distributed!
If you participated in the crowdloan on the Acala website or completed Acala Quests, you now have your exclusive NFT.
Find yours at in Portfolio > Collectibles > All
6 days left to join the waitlist for the upcoming
@KaruraNetwork
Crowdloan, which will bootstrap Karura's parachain auction to gain a slot on
@kusamanetwork
.
Thank you to the 3,800 of you who have already shown your commitment on the Waitlist!
Join now:
There are now 3,800 people on the Karura Crowdloan Waitlist and over 1.5M entries in the competition!
⏳You have 6 more days to join the competition and sign up for the Waitlist to be eligible for the Crowdloan referral program and KAR bonuses up to 25%
🎉
@origin_trail
will launch its Decentralized Knowledge Graph (DKG) on Acala!
The integration brings OriginTrail, the "Google of Web3," to Acala developers, allowing its network of physical & digital assets to be queryable and indexable.
You can now scale your Ethereum DeFi project to
@Polkadot
on the fully EVM-compatible Acala EVM+ for access to hundreds of thousands of new users and billions in new TVL, using the same tooling, like Truffle and MetaMask, that you're used to.
Read more 👇
Announcing the launch of $aUSD, Acala's decentralized, multi-collateral stablecoin 🎊
aUSD is the core of Acala’s DeFi economy, and will serve as the decentralized stablecoin that powers the
@Polkadot
ecosystem.
Congratulations to
@AstarNetwork
on a well-deserved parachain slot win! We couldn't imagine better company for the December 18 launch process. See you on
@Polkadot
! 🚀
⚡It's time to unbond your DOT!⚡
Today
@Polkadot
has announced that the first parachain slot auction will begin Nov 11.
If you’re planning to support the Acala Crowdloan and the goal of launching in slot
#1
, it’s time to start the unbonding process!
We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD
1/
Acala's utility token ACA is now transferable enabling the community to send, receive, and participate in on-chain governance.
For more details on how ACA powers
@Polkadot
's DeFi parachain:
Acala has secured the first spot to launch on
@Polkadot
in December!
We are hiring across engineering (Solidity & Rust), product, operations, growth, and more.
Apply today to join the team and help build the financial system of Web3:
Acala has won the first parachain slot auction on
@Polkadot
testnet Rococo, and now Acala occupies the first public parachain slot on Rococo 🥳.
Keep on building 🛠️
Crowdloan reward distribution is now in process. Listen as
@danreecer_
shares when you can anticipate token distribution and token transfers on Acala.
Watch the full video here:
Acala is now
#ComposableWith
@MantaNetwork
- This testnet integration paves the way for cross-chain DeFi use cases between the two parachains, coming soon to
@Polkadot
.
Read more in the blog:
Demo video ⤵️
Acala and
@MoonbeamNetwork
have launched the first cross-parachain connection on
@Polkadot
! 🦾
This allows communication of messages and tokens like $aUSD between parachains with:
- No bridge risk
- No trust
- Unified security provided by
@Polkadot
Builders build ⚒️
1/ 🥇
@MoonbeamNetwork
and
@AcalaNetwork
launch the first Polkadot cross-chain connection, allowing for native communications and token transfers between the two chains without the need for bridges!
The recently passed community governance referendum has now been executed.
1,292,860,248 total erroneously minted aUSD have been returned to the honzon protocol and burned.
Details in thread below ⤵
The one-way bridge is live! 🚀
You can now move your DOT from the
@Polkadot
Relay Chain to Acala in preparation for DeFi operations and liquidity mining incentives.
✨Over 55,000 community members have contributed more than 10 million $DOT towards Acala's bid in the first
@Polkadot
parachain slot auction.✨
Thank you to the community for your support – let's make history!
With token transfers now enabled,
@AcalaNetwork
has cleared the first benchmark in its vision for a new open financial infrastructure that grants sovereignty, freedom, and access.
Full Video:
With aUSD stablecoin, not only will the open protocol layer thrive, but so will the ecosystem of fintech products with Acala DeFi integrations 🚀
Watch the full video:
💧 Introducing Liquid Crowdloan DOT!
lcDOT enables Acala Crowdloan participants to receive a liquid lcDOT token 1:1 for all DOT locked in the crowdloan.
Why wait 2 years for liquidity? Contribute & Stay Liquid, it's that simple.
Acala recently launched Liquid Crowdloan DOT (lcDOT), a novel product enabling Acala Crowdloan participants to receive a liquid lcDOT token 1:1 for all DOT locked in the crowdloan.
Contribute & Stay Liquid, no 2-year illiquidity.
Learn how it works in this 17-tweet thread ↘️
🚀 The Acala ecosystem is growing! Take a look at the teams building across our network.
For a detailed look at the ecosystem:
To join one of our ecosystem programs:
Congratulations to
@ParallelFi
on securing the fourth parachain slot on
@Polkadot
! We are excited to launch alongside you on December 18th. See you on the Relay Chain! 🚀
Acala and
@Plasm_Network
have completed the first successful cross-chain token transfer on
@Polkadot
's parachain testnet using cross-chain message passing (XCMP) 🥳
A giant step for the Polkadot and
@KusamaNetwork
ecosystem! It's happening 🔥
⚠️Crowdloan participants: accounts on
@Polkadot
are automatically deleted when they hold less than 1 DOT. Please be sure to keep at least 1 DOT in your account *after* contributing to crowdloans.
E.g. to contribute 1 DOT, you will need 2.1 DOT (including 0.1 DOT for gas fees).
Cross-parachain messaging is now live on
@Polkadot
!
Acala will begin opening communication channels with other parachains in the coming few days, which enables cross-chain message and token transfers, including $aUSD.
Polkadot's multi-chain vision is becoming a reality 🌱
After passing community vote, v0.9.19 has been enacted on Polkadot. This upgrade included a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading
#Statemint
to include minting assets (like NFTs) and teleports.
✨ The SubQuery team has chosen the Acala EVM+ as its home on
@Polkadot
!
The upcoming launch of the
@SubQueryNetwork
will bring decentralized data indexing to the Acala and Polkadot developer ecosystem.
📢 DOT transfers from Polkadot to Acala have been upgraded, now allowing 2-way transfers between the Relay Chain and parachain.
Users can start transferring their DOT liquidity to Acala in preparation for DOT liquid staking. 💦
A community governance referendum has been proposed and passed. At block 1652829 in approx. 35 minutes, 1,292,860,248 total erroneously minted aUSD will be returned to the honzon protocol and will be burned.
Details in thread below:
✨ You can mint aUSD with DOT and LCDOT as collateral.
Acala's core product, the aUSD stablecoin, has been enabled for minting. You can mint aUSD by opening a Collateralized Debt Position with DOT and LCDOT.
To Mint aUSD:
Guide:
With five grants awarded by
@Web3foundation
, Acala has been contributing to the
@Polkadot
ecosystem since 2019.
Learn more in the latest episode of Polkadot: Behind the Code.
Looking for decentralized, self-custody $DOT staking?
Here's a quick 4-step guide on how to stake your $DOT on Acala in 10 minutes or less for over 25% in annual DOT reward rate ⤵️
Below is a progress overview of aUSD error mint traces.
We’ve located the remaining 1.7% (~52M) of 3.02B total, but much of the trace work has gone into analyzing txs of the involved addresses and movement of aUSD error mints.
We look forward to publishing the findings asap.
We're in the final stage tracing the last aUSD error mints. Once published, movements of all remaining aUSD error mints & involved addresses should be clear, & the community can decide how to deal with them. Thanks for the patience & support as we relentlessly crunch the numbers.
Acala believes in a multi-chain future where all parachains and applications shall be composable.
@Polkadot
and
@KusamaNetwork
parachain teams - who are you
#ComposableWith
?
Set up your composability with Acala:
So far, Acala will be
#ComposableWith
:
📢 As Polkadot enables XCM, Acala is gearing up for DOT liquid staking. To prepare, the DOT bridge will undergo maintenance for ~48 hours starting on May 4th at 3 am UTC.
During this period, users will not be able to transfer DOT to Acala. Please manage your vaults accordingly.
🚀 It's time to Build Acala & Ready the Treasury.
Join us for an exclusive network ownership event to strengthen the Acala Treasury & ensure Acala's long-term sustainability and growth.
Registration opens 1:00 pm UTC on Sunday, August 15, 2021.
A community proposal was submitted with reference to Incident Trace Report
#1
, followed by a referendum vote to return erroneously minted aUSD to Honzon protocol to be burnt from identified accounts.
Community Proposal:
referendum:
We're gearing up for the Acala Crowdloan, an exclusive event to contribute DOT and earn ACA.
Learn more about how you can get ready with our Crowdloan Checklist.
⚡We're live! Join us for an update on the launch along with an exciting announcement on how you can further power your ACA within Acala's DeFi ecosystem.
💥A new ACA staking program is set to go live next week!
Acala network owners will earn ACA-aUSD LP tokens (liquidity provider tokens) by staking ACA, enabling users to earn ACA, aUSD, and trading fees from network activity.
Acala's mission is to build an open financial system that brings more accessibility, opportunity & prosperity to all. After 2+ years of building and innovating, we are now entering launch mode!
View our launch roadmap & learn what to expect👇
At approximately 4 am UTC, Bootstrap mode for ACA/aUSD will begin, marking the inaugural pair for ACA on Acala Swap.
Bootstrap mode will last for 24 hours before 100k ACA liquidity rewards start for the pair.
Guide:
Get started:
💧 The launch of Acala's DOT liquid staking is days away. Are you ready?
Prepare to earn by unstaking your DOT & moving it cross-chain to Acala.
Use this guide for help sending your DOT to Acala:
Cross-Consensus Messaging (XCM) is coming 🚀
Read more from
@Polkadot
co-founder
@rphmeier
on the tech that will allow Acala and $aUSD to interact with other parachains on Polkadot and Kusama:
Incident trace report
#1
: This is the 1st published batch of trace results. The 1.288B erroneously minted aUSD have been identified and their transfers are disabled until a pending Acala community governance decision resolves the error.
Thread below:
Join us today on Crowdcast at 11:00 pm UTC.
Get the latest details on the launch along with an exciting announcement on how you can further power your ACA within Acala's DeFi ecosystem.
'Bootstrap' mode for LCDOT/DOT, the inaugural pair on Acala Swap, is now live!
The Bootstrap will last 24 hours to allow liquidity provisioning ahead of 50k ACA liquidity rewards for the pair.
Guide:
Join now:
⚡ Introducing the Acala Kickoff Rewards Program!
To celebrate Acala Swap's inaugural trading pairs, the Acala Foundation is allocating 1 million ACA in liquidity mining incentives to qualifying LPers.
A new update regarding the aUSD incident has been posted, including what has happened so far and what’s next.
Thank you for everyone’s support and participation so far in the process. Let’s continue to build Acala together.
Congrats to our friends at
@current
on today’s release of the 4% savings interest product!
Acala is actively working to kickstart the Hybrid Finance (
#HyFi
) category with Current, combining banking and Web3 to bring seamless DeFi yields to Current’s 3M+ US-based customers.
We’re excited to announce the launch of Current Interest today! Our members can now earn a 4.00% APY from Current on their savings as part of our commitment to providing the most value back to our members, especially at a time many need it most.
Early Adopters, notice a little something in your Acala account? 👀
If you participated in the Acala Early Adopter Program, you now have your exclusive NFT.✨
Find yours at:
It’s a testament to the strength of
@Polkadot
that so many talented teams are in the running to be among the first five projects to launch on Dec 17. In this respect, we’re all winners. We’re looking forward to kicking off the multi-chain future with you! (2/3)
💥The crowdloan starts soon💥
Make sure you are ready by participating in Acala Quests, a gamified way to earn additional ACA rewards and an exclusive NFT.
Start your Quest here👇
Why is it called the EVM+?
@AcalaNetwork
's EVM+ combines EVM and Substrate, giving developers access to customizable and upgradable features at the blockchain level, making "the network" future-proof.
Learn more about why the '+' matters:
💧 DOT Liquid Staking (LDOT) is live on Acala!
You can now stake your DOT on Acala to stay liquid and earn ~72% APY in DOT and aUSD stablecoin rewards.
Start staking:
What is liquid staking and what are the benefits? Let's take a look👇
Our
@KaruraNetwork
crowdloan audit is complete!
🏆 501k $KSM
🏄 20k contributors (86.8% non-custodial, 13.2% exchange)
🐟 55% contributed <10 KSM, 20% <1 KSM
🎁 19.95 KAR base reward, 11.5% of KAR supply
KAR distribution in the coming days, stay tuned!
HydraDX (
@hydra_dx
), a cross-chain liquidity protocol, and Acala have successfully completed a cross-chain token transfer on
@Polkadot
testnet using xcmp!
HydraDX is now
#ComposableWith
Acala ⚡️
The community has contributed over 6 million $DOT to support Acala's bid in the first-ever
@Polkadot
parachain slot auction!
Don't miss your chance to get a piece of the network in this historic launch!
Join now:
🌟 ACA can now be used as collateral to mint aUSD.
Maintain your exposure and enjoy new yield opportunities by opening a Collateralized Debt Position with DOT, LCDOT, and ACA.
Mint aUSD:
Guide:
The first ACA Staking program will go live next Thursday, March 3rd 🎉
As part of the initial ACA staking program, the Acala chain will execute ACA buy-backs using network-owned staking reward surplus.
Learn more from
@bettechentt
below, and watch for details and guides soon!
🔥
@theCHIVE
, a roaring online community of 10 million monthly users, is set to debut its branded loyalty and NFT platform on Acala!
The launch is first in a series of branded launches on Acala from Venkman, an e-commerce engagement solutions provider.
🚀
@polkadex
will integrate $aUSD as the default stablecoin for the Polkadex parachain!
Polkadex users will be able to leverage $aUSD stablecoin trading functionality on Polkadex's decentralized exchange.
Learn more👇
The one-way bridge is live! 🚀
You can now move your DOT from the
@Polkadot
Relay Chain to Acala in preparation for DeFi operations and liquidity mining incentives.
🔈 The kUSD upgrade to aUSD is live!
All kUSD has been officially been upgraded to aUSD on
@KaruraNetwork
& any parachains utilizing kUSD, and users can now mint aUSD on Karura.
The upgrade officially cements aUSD as the native decentralized stablecoin of Polkadot & Kusama. 🚀
We’ve partnered with
@EasyA_App
to bring you the world’s first ever educational in-app Acala challenges! Learn all about building with Acala right from your phone! Part of
#60DaysOfPolkadot
, the crash course has $30k in $DOT going to top learners. Challenges drop next week -…
Acala co-founder Bette Chen (
@bettechentt
)'s response to
@scottmelker
's question of "Why did you choose to build Acala on
@Polkadot
?"
1. Plug-and-play security from Polkadot
2.
@substrate_io
's flexibility for building Acala's DeFi app-chain
3. The Polkadot developer community
The Acala Treasury has raised $61M+ from over 26k people around the world 💪
These funds will be donated from the Acala Foundation to the on-chain Acala Treasury upon launch of Acala's Ethereum-compatible DeFi smart contract platform on Polkadot.