Ankr and Acala: a stable and secure integration

ANKR | 06.16| 59

Today, we are announcing our collaboration with Acala Network, makers of the Acala Dollar (ticker: aUSD), a decentralized stablecoin that allows users to transact USD across different blockchains connected to the Polkadot network.

About Acala and the Polkadot network

Acala is a first-of-its-kind decentralized finance consortium with a vision to create cross-chain open finance infrastructure for the Polkadot ecosystem.

The Acala Network is a dual-protocol network: a decentralized cross-chain capable multi-collateralized stablecoin protocol, Honzon, and a trustless tokenized staking liquidity protocol, Homa. Acala aims to bring stability, liquidity and accessibility to the mainstream retail financial services market.

By enabling a common set of validators to secure multiple blockchains, Polkadot provides Acala Network´s open finance platform with a trustless, scalable, and interoperable system. With this kind of network, participants collectively govern and share the network´s earnings, building a community committed to decentralization and censorship resistance.

The Polkadot network is a sharded blockchain protocol supported by a grant from the Web3 Foundation, an organization founded by Dr. Gavin Wood, former CTO of Ethereum. As a multi-chain app environment, Polkadot supports cross-chain registry and cross-chain computation tasks, allowing arbitrary data to be transferred across both public and private blockchains.

Ankr and Acala integration

Linked by Polkadot, users will be able to access the Acala Network open finance platform from within Ankr’s node hosting platform, a collaboration that fuses the best of both worlds.

As part of our broad initiative to support and integrate decentralized finance (DeFi) apps into our platform, we will incentivize participation in the Acala Network through our one-click node hosting solutions.

In addition, we will be exploring further integrations together, such as providing easy access to Acala’s trustless liquid staking protocol, which allows users to maximize their staking returns and have liquidity at the same time.

At Ankr, we believe that our community drives innovation forward, and we continue to collaborate with like-minded people who share our vision for a better, decentralized future.

Stay tuned for more details on how to participate in the Acala Network with Ankr!

Learn more about Acala on Acala Network, Medium, Twitter, GitHub and Acala Wiki. Join the discussion on Discord, Telegram and Riot Chat.

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Ankr and Acala: a stable and secure integration was originally published in Ankr on Medium, where people are continuing the conversation by highlighting and responding to this story.

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