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Decentralized finance (DeFi) has been one of the most exciting and rapidly growing areas of the blockchain ecosystem in recent years. Acala Network is a DeFi platform built on the Substrate blockchain...
Acala is a decentralized finance network powering the aUSD ecosystem. The core product, Acala USD (aUSD), is a decentralized, multi-collateral, crypto-backed stablecoin serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers to leverage, including a trustless staking derivative (liquid DOT — LDOT), a decentralized exchange, and the EVM+, a hybrid EVM offering fully Ethereum-compatible development environment plus full compatibility with Substrate.
HQ Location: 11 Britomart Place, Auckland CBD, Auckland 1010, New Zealand
HQ Timezone: Pacific/Auckland
Alexa Global Rank: 104,868
Total Employees: 30
Total $ Raised: 8,400,000
Estimated Annual Revenue: $1M-$10M