Acala ($ACA) is a Layer 1 blockchain ๐งฑ that acts as the DeFi hub ๐ธ of the Polkadot network ๐.
Hereโs what Acala offers: ๐
aUSD: A decentralized stablecoin ๐ฐ๐ก๏ธ that keeps its value stable.
Liquid Staking ($LDOT): You can stake your $DOT to earn rewards ๐, and still use $LDOT in other DeFi apps. ๐ง๐
Acala Swap: A decentralized exchange (DEX) for trading tokens easily. ๐๏ธโ๏ธ
๐ง Key Tech:
EVM+: Supports Ethereum apps โ and also uses Substrate, the tech behind Polkadot, for better speed and performance. ๐
๐ฏ Goal: Make DeFi on Polkadot easier to use and more powerful!
