Key Products to Come Out Of Box Following Acala’s Release on Polkadot

• As Acala was successfully released on Polkadot network this week, decentralized finance for scaling dApps.
• Acala Swap, updated EVM or Ethereum Virtual Machine, Decentralized stablecoin, LDOT, and aUSD are key products.
• As per Acala’s roadmap, a complete network release will be conducted in various phases, with the initial phase allowing users to transfer ACA.

Key Acala Products to Be Unboxed Soon

Following Acala’s successful release on the mainnet of Polkadot, its potential key products are unveiled ahead of the project.

As noted by the Acala team in a press release, they are looking forward to releasing all of its prime products very soon. It involves LDOT, aUSD, decentralized stablecoin, updated Ethereum Virtual Machine, and a decentralized exchange called Acala Swap.

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Project’s devs added that it has some latest product launches planned to go live following its release on Polkadot Mainnet. One among them is crucially making an infrastructure bridge targeting multi-chain ecosystem scalability afar Acala scaling and Polkadot Network.

As per the announcement, numerous ecosystem teams are set to be released on Acala, including Tiaga and Tapio, bringing in stable swaps for uniform commodities such as aUSD/USDT, DOT/LDOT and interBTC/RenBTC, a new indigenous borrowing and lending solution and more than 15 other teams.

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Acala Operable on Polkadot Now

At the beginning of this week, Acala made an announcement that it had released its network, focused on DeFi, on Polkadot network, with its indigenous currency, ACA, now live for trading.

People should keep in mind that Acala initially won a parachain auction with its Karura parachain, securing itself a place on the ecosystem of Polkadot, handling more than $1.3 Billion worth of DOT tokens, assisted by over 81,000 willing supporters across the world.

As per Acala’s roadmap, a complete network release will be conducted in various stages, with the initial one allowing clients to transfer or receive ACA and take part in the governance of this project.

Acala has released more than $600 Million in Total Value Locked in LCDOT tokens and has over 200,000 distinct token holders worldwide.

Acala is supported by some prominent players in the industry, involving TQ, Goldentree, CoinFund, ParaFi, DCG, Pantera, Polychain, Arrington, Coinbase ventures, and more.

Commenting on yesterday’s release, Dan Reecer, Chief Growth Officer of Acala, stated that Acala is developing toward Hybrid Finance or HiFi, filling the gaps among Web2 fintech worlds and neobanks with decentralized finance to bring improvement in monetary and yield outcomes to non-cryptocurrency users, without them having to reach any complicated digital asset technology such as private keys or MetaMask.

Some weeks ago, Moonbeam, the second parachain auction conqueror, was released on Polkadot network, becoming the initial completely functional parachain on the network.

We have to wait until these key products are unveiled completely by Acala and become usable.

As this article was written, Polkadot’s DOT was bearish by 0.36%, trading at a market price of $17.75 in the previous 24 hours.