Acala ($ACA) is a Layer 1 blockchain ๐งฑ, acting as the decentralized finance (DeFi) ๐ธ hub for the Polkadot network. ๐
โก๏ธ What does Acala offer? ๐ค
aUSD: A decentralized stablecoin (stable currency). ๐ฐ๐ก๏ธ
Liquid Staking ($LDOT): Helps you stake $DOT (Polkadot's token) to earn interest ๐, while still having $LDOT to use in other DeFi services. ๐ง๐
Acala Swap: A decentralized exchange (AMM DEX) for trading tokens. ๐๏ธโ๏ธ
โก๏ธ Key Technology: ๐ ๏ธโจ
EVM+: Compatible with applications from Ethereum โ
, while also integrating Substrate features (Polkadot's building technology) for increased efficiency. ๐ค๐
Acala's goal is to make DeFi on Polkadot easier to use and more efficient! ๐๐ฏ
