$ACA is the native token of the Acala Network, a DeFi hub on Polkadot, offering functionalities like decentralized stablecoins, staking, and liquidity provisioning. $ACA plays several critical roles in Acala’s ecosystem, including:

1. Governance: Holders of $ACA can participate in Acala’s decentralized governance, voting on key decisions, updates, and policies within the network.

2. Transaction Fees: $ACA is used to pay for transaction fees on the Acala network, including for smart contract execution, asset transfers, and other services within the platform.

3. Staking & Collateral: Users can use $ACA for staking in liquidity pools and as collateral within Acala’s DeFi offerings, such as for borrowing or lending.

4. Incentives: The token is also distributed as rewards in various staking and liquidity mining programs, incentivizing user participation and liquidity provisioning on the platform.

As a critical part of the Acala ecosystem, $ACA supports a secure, efficient, and interoperable DeFi platform across Polkadot, helping users engage with decentralized financial products and services in a cross-chain environment.