Acala Network is a dual protocol platform that plans to offer stable currency and staking liquidity on Polkadot. We hosted an AMA with Acala on July 1st.
Acala is a new blockchain powering open finance applications. The blockchain will provide a stablecoin (aUSD) as well as staking liquidity to Polkadot.
We are proud to announce our support for the aUSD Ecosystem Fund and its commitment to scaling its Polkadot native aUSD stablecoin, which will serve as the foundation for DeFi on Polkadot.