Polkadot's Astar Network Partners with Acala to Supercharge DeFi on Polkadot

Polkadot's innovation hub Astar Network has announced a partnership with the leading DeFi network Acala to supercharge DeFi on Polkadot. 

Acala is a DeFi network powering financial applications on Polkadot and home to aUSD, the de facto stablecoin of the Polkadot and Kusama ecosystems. 

Acala's suite of flexible financial products that serve the Polkadot network are pivotal to the booming ecosystem of dApps on Astar. The collaboration will enable developers to build on Astar's vibrant DeFi ecosystem using Acala-native assets like aUSD, LDOT, and ACA, while receiving extra ACA and additional rewards from various Astar ecosystem teams.

"With Acala, we have built a DeFi app-chain to provide products like aUSD to other networks in the Polkadot ecosystem and broader Web3 space," said Bette Chen, co-founder of Acala. "Our deep integration with the Astar team is very exciting for us as we look to help accelerate the growth of Astar's strong DApp ecosystem with aUSD liquidity and cross-chain use cases."

"This collaboration is the first official campaign conducted by major Polkadot parachains in the ecosystem. As it has been the case in the past, Acala and Astar will lead the Polkadot ecosystem and create multichain use cases together. This partnership is our first step to prove the value of trustless Polkadot bridges (XCM) and create the future of multichain DApps," said Sota Watanabe, founder and CEO of Astar Network.