Acala is the decentralized finance network and liquidity hub of Polkadot. Acala was founded in Oct 2019, and has received Web3 Foundation grants, has backing from Coinbase Ventures, Pantera Capital, Polychain Capital.

Acala is a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+, Acala lets developers access the best of Ethereum and the full power of Substrate. Acala’s goal is to be an all-in-one ecosystem that provides financial stability, liquidity, and facilitates the development of crypto assets.

ACA is a native token of the Acala ecosystem, operating on Polygon and can be used to:

• Mint stablecoins.
• Pay transaction fees.
• Participate in governance.
• Earn rewards through staking and liquidity mining.