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Acala Network intends to adopt JitoSOL within its platform
28.6.2024
Acala Network has incorporated JitoSOL within its platform and decentralized applications to offer better liquidity and yield options targeting Acala users. A liquidity layer like Acala Network is a foundation segment within the Blockchain ecosystem, bringing about effective capital flow...
Acala Network announces the Sinai upgrade
17.4.2024
Acala Network has introduced the Sinai upgrade. The objective is to chase the vision of building a liquidity layer in the world of Web3 finance, or DeFi. Simultaneously, Acala Network aims to remain at the forefront of technology by introducing a range of infrastructural enhancements to...
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
26.9.2022
A total of 2.97 billion aUSD erroneously minted were recovered after the glitch
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
17.8.2022
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
Raise a PINT to Polkadot’s new index token: Six top projects sign up
15.4.2021
Six of Polkadot’s top projects have already put their hands up to feature in the Polkadot Index Network Token and sit on its Constituent Council
Polkadot moves towards sharding as Acala Network secures first Rococo parachain slot
29.3.2021
Polkadot’s vision for a sharded parachain ecosystem is moving toward becoming a reality