Acala

aca

Acala (aca) is a pioneering Layer 1 smart contract platform in the Polkadot Ecosystem, establishing itself as the liquidity layer of Web3 decentralized finance (DeFi). Backed by prominent investors including Coinbase Ventures and Pantera Capital, Acala offers an Ethereum-compatible environment through its Acala EVM+, allowing developers to leverage existing Solidity skills while benefiting from the flexibility of Substrate. Acala provides a Unified Account system for seamless interaction across EVM and Polkadot/Substrate environments. Its core offering, the Unified Liquid Staking Platform called Euphrates, enables users to earn rewards by staking various Liquid Staking Tokens (LSTs) like LDOT and tDOT, with plans for multi-chain support including SOL and ETH. The aca token is the utility token powering the network, facilitating staking, enabling decentralized governance, and covering micro transaction fees. Acala's multi-chain compatibility and focus on institutional-grade solutions position it as a robust digital asset hub for financial applications.

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Smart Contract PlatformDeFiPolkadot Ecosystem+3 More

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