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Polkadot-based Acala And DeFi Protocol Karura Received Funding From Coinbase Ventures
Summary: According to the official announcement, Coinbase Ventures has invested in Polkadot's DeFi infrastructure Acala, and the Kusama DeFi center Karura built by the Acala team. Acala is an EVM-compatible layer 1 blockchain optimized for DeFi. The Acala team has also built a complete set of DeFi applications on the blockchain platform, realizing four core products: ...
According to the official announcement, Coinbase Ventures has invested in Polkadot's DeFi infrastructure Acala, and the Kusama DeFi center Karura built by the Acala team.
Acala is an EVM-compatible layer 1 blockchain optimized for DeFi. The Acala team has also built a complete set of DeFi applications on the blockchain platform, realizing four core products: Liquid DOT staking (LDOT), the multi-collateralized stablecoin, Acala Dollar (aUSD), an AMM decentralized exchange called the Acala DEX, and Acala’s decentralized sovereign wealth fund (dSWF).
By Mary Liu
Tags: Acala,Coinbase Ventures,Karura,Polkadot
Link: Polkadot-based Acala And DeFi Protocol Karura Received Funding From Coinbase Ventures [Copy]
