Tag: Acala
Acala Network Resumes Operation After Burning $2.97 Billion Acala USD (aUSD)
After the latest stablecoin-related aUSD failure, the Acala network announced Monday that It has resumed following community opinions allowing LPs to withdraw liquidity from the pool or unstake LP tokens.…
Acala Community Votes to Burn $2.97 Billion Acala USD (aUSD)
fromA post by Acala Network co-founder Bette Chen states that the community has voted to burn $2.97 billion worth of Acala USD (aUSD). caused by liquidity bridge failure Acala is…
Acala Recovers $2.97 Billion Stablecoin After Security Incident on Polkadot Parachain
Acala, the Parachain project on Polkadot, said it had recovered approximately 2.97 billion from the 16 wallets it had created. Acala USD (aUSD) $3 billion In a safety incident last…
Binance CEO Says Possible Acala Attackers Earn $1 Billion
Binance CEO Changpeng Zhao has responded to news of the Acala Network experiencing misconfiguration. As a result, Stablecoin aUSD slipped off the peg, saying it was likely the attackers.Earned “Over…
Terra’s Anchor Protocol will be launched on Polkadot’s Acala network.
Anchor, Terra’s popular Decentralized Financial Protocol (DeFi), is expanding to Polkadot’s Acala network. 1/ Following @AcalaNetwork‘s plans to join @wormholecryptoAcala & the Anchor Protocol community will be working together to…
Acala hints at product launch After the official launch on Polkadot – Bitcoin Addict
Following a successful launch on Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. The Acala team noted in…
Acala Wins First Polkadot Parachain Auction With 32 Million DOT Stake
Acala, the decentralized finance (DeFi) protocol, won the first Polkadot Parachain Auction with a stake of over 32 million DOT. Acala has a total of 32,500,000 DOTs worth approximately $1.28…