Fri, May 24

KuCoin Delists AUSD, Announces Acquirement Plan for Holders

Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following

23 hours ago 2 mins read

Acala Network To Resume Operations After Passing Vote

A vote permitted LPs to withdraw liquidity from pools or unstake LP tokens. There was a reported minting mistake of 3.022 billion aUSD. The Acala Network said on Monday that it has resumed operations after the mining failure involving its stablecoin aUSD. Thanks to a vote permitting LPs to withdraw

September 27, 2022 2 mins read

Acala and Manta Announce Successful Calamari and Karura Connectivity

XCM integration between Calamari and Karura will initiate parachain bridging across Kusama. DApps on Polkadot and Kusama will expand concrete use-cases for stablecoins. The successful cross-chain transfer of parachain assets has been announced by Manta Network and Acala to establish a new HRMP channel, as well as the effective implementation

June 2, 2022 2 mins read

SubQuery Network Excited to Announce its Launch on Acala

A SubQuery is excited to announce its launch on the Acala parachain. A major factor for SubQuery’s decision was Acala’s upcoming EVM+ launch. Both have a common vision to grow the Polkadot ecosystem. A leading data indexing solution in Polkadot, SubQuery is excited to announce the launch of SubQuery Network

November 25, 2021 2 mins read

Acala Network vs Moonbeam for the Parachain Auction Top Spot

Acala currently offers a daily crowd loan displayed on the website. Moonriver is a smart-contract parachain for Ethereum on Kusama. Polkadot recently began auctioning off its “parachains.” These auctions allow users to acquire new cryptocurrencies before they are publicly available. Users may lend DOT crypto tokens to new Polkadot crypto

November 15, 2021 2 mins read

Acala Partners With Blockdaemon To Launch Staking Derivatives For DOT, KSM

Acala, a DeFi platform that is built on the Polkadot ecosystem, announced its partnership with Blockdaemon. This partnership with a leading blockchain infrastructure platform is to support its first liquid staking derivatives for DOT and KSM. Significantly, Acala’s DOT and KSM Liquid Staking, the first staking derivatives in Polkadot and

September 28, 2021 3 mins read