Acala – The DeFi Hub of Polkadot
Bette Chen is the co-founder of Acala - the DeFi hub of Polkadot, powering open finance applications and removing the need for financial intermediaries.
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Guest:
Bette Chen
Why you should listen:
The mission of the Acala project is to support and nurture the financial applications of the decentralized web. The drivers of this mission are delivering financial stability, liquidity and accessibility for all.
Key takeaway:
Acala offers a suite of financial primitives, including: a trustless staking derivative (liquid DOT – LDOT), a multi-collateralized stablecoin (aUSD) backed by cross-chain assets, and an AMM DEX – all with micro gas fees that can be paid in any token. Acala is a blockchain platform custom-built for DeFi and powered by ACA.
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