Tag: Acala
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendu [...]
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin.Acal [...]
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
High-profile security incidents continue to be a theme in 2022 as the Acala Network joined a long list of stricken platforms to fall prey to exploits. [...]
Acala Stablecoins Nears $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
Acala’s native stablecoin, aUSD, came close to regaining its peg to the U.S. dollar after the Polkadot-based decentralized finance (DeFi) platform bur [...]
Network and token freeze after Acala exploit raises questions
The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about [...]
Terra’s Anchor Collaborates with Polkadot’s Acala Network to Increase DeFi Adoption
Anchor is a savings and lending protocol ranking third by total value locked (TVL) with $14.7 billion crypto assets making it the most famous DeFi pro [...]
Terra's Anchor Protocol to Launch on Polkadot DeFi Hub Acala
A month after launching on Avalanche, Anchor continues its expansion onto new base layers.
www.coindesk.com [...]
Acala, VCs Commit $250M for Polkadot DeFi Investments
The advent of tokens with steady prices is what has enabled DeFi protocols on other blockchains, like Ethereum, to flourish. Activities like lending a [...]
Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Read on to discover why almost half of the liquidity providers on [...]
Acala wins first Polkadot parachain auction with over 32M DOT staked
On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Po [...]
Acala Wins Neck-and-Neck Race With Moonbeam
When contributions to the auction ended, Thursday at noon European time, Moonbeam had gathered the most from its community, over $1.36 billion. How [...]
Polkadot DeFi Darling Acala Has Gathered Over $600M and Counting
“The main complaint we were getting from people was that two years is a long time to lock up their DOT,” said Reecer. “So we built what is basicall [...]
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million USD at time of publication) from [...]
Polkadot strikes in direction of sharding as Acala Community secures first Rococo parachain slot
The Polkadot ecosystem continues to progress, with DeFi platform Acala Community changing into the primary to win a parachain slot on the Rococo te [...]
Polkadot-Based mostly Acala Raises $7M as DeFi Grabs Land on One other Blockchain
Decentralized finance (DeFi) continues to increase past Ethereum with the assistance of top-tier buyers.
Acala, a DeFi startup constructing on the [...]
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