Acala wins first Polkadot parachain auction with over 32M DOT staked By Cointelegraph


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On Thursday morning, Acala, a decentralized finance (DeFi) protocol working on the (DOT) community, introduced it had received the first-ever Polkadot parachain public sale.

Acala raised a complete of 32.5 million DOT, value roughly $1.28 billion, from 24,934 contributors by way of an preliminary coin providing (ICO) structured as a crowdloan. Because the proceeds are categorized as ‘crypto debt,’ Acala would finally must pay again the DOT it had solicited from traders. Customers’ DOT are locked at some stage in the rental settlement for Polkadot’s parallel chains up on the market.