Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot.Unlike typical crowdfunding rounds, Acala's financing mechanism is a crowdloan, which means it will eventually need to pay back the "crypto … [Read more...] about DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
crowdloans
How to best use crowdloans on Polkadot and Acala Network with Dan Reecer
If you’ve been following the crypto markets for a hot minute, you’d notice two trends that immediately stand out from the thousands of niches within the already obscure space—one, of memecoins like Shiba Inu and their unexplained rise, and two, the technically astound advances (read: parachains) made on blockchain networks like Polkadot and Kusama.Polkadot, a top ten … [Read more...] about How to best use crowdloans on Polkadot and Acala Network with Dan Reecer