Acala's Offerings and Tokenomics
In this section, learners gain a comprehensive understanding of Acala’s core products, including the multi-collateralized stablecoin aUSD, Acala Swap, Homa Liquid Staking, and EVM+ compatibility. It delves into the utility of the ACA token, covering its role in governance, transaction fees, staking, and liquidity incentives, while also explaining its strategic distribution to support the ecosystem’s growth and sustainability.
Key Features of Acala
Multi-Collateralized Stablecoin: aUSD
aUSD is Acala’s native stablecoin, pegged to the US dollar. It is designed to maintain price stability while enabling users to access liquidity without selling their assets. aUSD is over-collateralized, meaning users must lock assets like DOT or other supported tokens to mint aUSD. Its stability, broad collateral support, and integration across parachains within the Polkadot ecosystem make it a universal currency for DeFi applications.
Acala Swap: A Decentralized Exchange
Acala Swap is a decentralized exchange (DEX) powered by an automated market maker (AMM) model. It facilitates token trading without intermediaries or order books, allowing users to maintain full control over their assets. The DEX also acts as a liquidity hub for the Acala ecosystem, supporting cross-chain swaps and enabling efficient asset management across Polkadot parachains.
Homa Liquid Staking Protocol
The Homa Liquid Staking protocol addresses the limitations of traditional staking by allowing users to stake assets while maintaining liquidity. Users receive liquid staking derivatives, such as LDOT, representing the value of their staked tokens. These derivatives can be used as collateral in DeFi applications, enabling users to earn staking rewards while leveraging their capital for additional use cases.
EVM+ Compatibility
Acala’s EVM+ combines Ethereum Virtual Machine (EVM) compatibility with the advanced functionalities of Polkadot’s Substrate framework. This feature allows developers to deploy Ethereum-based dApps on Acala while accessing Substrate’s customizable features, such as on-chain governance and economic models. By lowering the entry barrier for Ethereum developers, EVM+ fosters a diverse and innovative ecosystem.
ACA Token and Its Utility
The ACA token is the native utility and governance token of the Acala network, integral to its decentralized finance (DeFi) ecosystem. With a fixed total supply of 1,600,000,000 tokens, ACA facilitates various functions, ensuring the seamless operation and growth of the platform.
Token Distribution and Allocation
At the launch of the Acala network, 1,000,000,000 ACA tokens were minted in the genesis block. This initial allocation was carefully designed to ensure the long-term sustainability, growth, and success of the Acala ecosystem. Each allocation serves a specific purpose, fostering innovation, strategic partnerships, and community involvement.
Crowdloan Participants (34%)
340,000,000 ACA tokens were allocated to the participants of the crowdloan campaign. This distribution incentivized community engagement and supported Acala in securing its parachain slot on the Polkadot network. By rewarding contributors with ACA tokens, Acala strengthened its bond with its early supporters, fostering a sense of shared ownership and trust within the community.
Strategic Partners (29.1%)
291,300,000 ACA tokens were reserved for strategic partners, playing a critical role in the growth and development of the network. These partners contribute resources, expertise, and connections that drive the adoption of Acala’s technology and expand its reach across the blockchain ecosystem. This allocation highlights Acala’s commitment to forming long-term partnerships that align with its vision of decentralized finance.
Acala Team (20.25%)
202,500,000 ACA tokens were allocated to the founding team, ensuring alignment with the project’s long-term goals. This allocation incentivizes the team to maintain their commitment to the platform’s success, ensuring they remain dedicated to its development, security, and innovation over time.
Reserve (11.6%)
116,200,000 ACA tokens were set aside as a reserve fund for future needs. This allocation provides Acala with the flexibility to address unforeseen challenges, capitalize on emerging opportunities, and maintain financial stability during critical phases of growth.
Ecosystem Development (5%)
50,000,000 ACA tokens were dedicated to ecosystem development, fueling innovation and growth within the Acala ecosystem. These funds are used to support projects, developers, and initiatives that align with Acala’s mission of building a decentralized and interoperable financial hub. This allocation ensures that the ecosystem remains dynamic, collaborative, and forward-thinking.
Governance and Network Operations
ACA token holders play an active role in Acala’s governance. By holding ACA tokens, users can propose, discuss, and vote on decisions related to protocol upgrades, resource allocation, and economic parameter adjustments. This decentralized governance model ensures that Acala evolves in alignment with the community’s collective vision.
ACA is also used for network operations, including paying for transaction fees, stability fees, and penalties. This creates a consistent demand for ACA tokens and supports the platform’s economic model.
Utility and Incentives
Staking and Security
ACA tokens are staked to support network security and earn rewards. This incentivizes long-term participation and enhances network stability.
Collateral for aUSD
Users can lock ACA tokens to mint aUSD, leveraging ACA as collateral within the stablecoin system. This functionality enhances the token’s utility and provides a practical liquidity generation mechanism.
Liquidity Provision
ACA tokens are used to incentivize liquidity mining programs on Acala Swap and other dApps. These incentives attract participants, ensuring active liquidity pools and a vibrant ecosystem.
Acala's Offerings and Tokenomics
In this section, learners gain a comprehensive understanding of Acala’s core products, including the multi-collateralized stablecoin aUSD, Acala Swap, Homa Liquid Staking, and EVM+ compatibility. It delves into the utility of the ACA token, covering its role in governance, transaction fees, staking, and liquidity incentives, while also explaining its strategic distribution to support the ecosystem’s growth and sustainability.
Key Features of Acala
Multi-Collateralized Stablecoin: aUSD
aUSD is Acala’s native stablecoin, pegged to the US dollar. It is designed to maintain price stability while enabling users to access liquidity without selling their assets. aUSD is over-collateralized, meaning users must lock assets like DOT or other supported tokens to mint aUSD. Its stability, broad collateral support, and integration across parachains within the Polkadot ecosystem make it a universal currency for DeFi applications.
Acala Swap: A Decentralized Exchange
Acala Swap is a decentralized exchange (DEX) powered by an automated market maker (AMM) model. It facilitates token trading without intermediaries or order books, allowing users to maintain full control over their assets. The DEX also acts as a liquidity hub for the Acala ecosystem, supporting cross-chain swaps and enabling efficient asset management across Polkadot parachains.
Homa Liquid Staking Protocol
The Homa Liquid Staking protocol addresses the limitations of traditional staking by allowing users to stake assets while maintaining liquidity. Users receive liquid staking derivatives, such as LDOT, representing the value of their staked tokens. These derivatives can be used as collateral in DeFi applications, enabling users to earn staking rewards while leveraging their capital for additional use cases.
EVM+ Compatibility
Acala’s EVM+ combines Ethereum Virtual Machine (EVM) compatibility with the advanced functionalities of Polkadot’s Substrate framework. This feature allows developers to deploy Ethereum-based dApps on Acala while accessing Substrate’s customizable features, such as on-chain governance and economic models. By lowering the entry barrier for Ethereum developers, EVM+ fosters a diverse and innovative ecosystem.
ACA Token and Its Utility
The ACA token is the native utility and governance token of the Acala network, integral to its decentralized finance (DeFi) ecosystem. With a fixed total supply of 1,600,000,000 tokens, ACA facilitates various functions, ensuring the seamless operation and growth of the platform.
Token Distribution and Allocation
At the launch of the Acala network, 1,000,000,000 ACA tokens were minted in the genesis block. This initial allocation was carefully designed to ensure the long-term sustainability, growth, and success of the Acala ecosystem. Each allocation serves a specific purpose, fostering innovation, strategic partnerships, and community involvement.
Crowdloan Participants (34%)
340,000,000 ACA tokens were allocated to the participants of the crowdloan campaign. This distribution incentivized community engagement and supported Acala in securing its parachain slot on the Polkadot network. By rewarding contributors with ACA tokens, Acala strengthened its bond with its early supporters, fostering a sense of shared ownership and trust within the community.
Strategic Partners (29.1%)
291,300,000 ACA tokens were reserved for strategic partners, playing a critical role in the growth and development of the network. These partners contribute resources, expertise, and connections that drive the adoption of Acala’s technology and expand its reach across the blockchain ecosystem. This allocation highlights Acala’s commitment to forming long-term partnerships that align with its vision of decentralized finance.
Acala Team (20.25%)
202,500,000 ACA tokens were allocated to the founding team, ensuring alignment with the project’s long-term goals. This allocation incentivizes the team to maintain their commitment to the platform’s success, ensuring they remain dedicated to its development, security, and innovation over time.
Reserve (11.6%)
116,200,000 ACA tokens were set aside as a reserve fund for future needs. This allocation provides Acala with the flexibility to address unforeseen challenges, capitalize on emerging opportunities, and maintain financial stability during critical phases of growth.
Ecosystem Development (5%)
50,000,000 ACA tokens were dedicated to ecosystem development, fueling innovation and growth within the Acala ecosystem. These funds are used to support projects, developers, and initiatives that align with Acala’s mission of building a decentralized and interoperable financial hub. This allocation ensures that the ecosystem remains dynamic, collaborative, and forward-thinking.
Governance and Network Operations
ACA token holders play an active role in Acala’s governance. By holding ACA tokens, users can propose, discuss, and vote on decisions related to protocol upgrades, resource allocation, and economic parameter adjustments. This decentralized governance model ensures that Acala evolves in alignment with the community’s collective vision.
ACA is also used for network operations, including paying for transaction fees, stability fees, and penalties. This creates a consistent demand for ACA tokens and supports the platform’s economic model.
Utility and Incentives
Staking and Security
ACA tokens are staked to support network security and earn rewards. This incentivizes long-term participation and enhances network stability.
Collateral for aUSD
Users can lock ACA tokens to mint aUSD, leveraging ACA as collateral within the stablecoin system. This functionality enhances the token’s utility and provides a practical liquidity generation mechanism.
Liquidity Provision
ACA tokens are used to incentivize liquidity mining programs on Acala Swap and other dApps. These incentives attract participants, ensuring active liquidity pools and a vibrant ecosystem.