Acala

Acala is an application blockchain powering web3 finance. Delivering on this mission will bring more financial accessibility, opportunity, and prosperity to everyone on the planet through a new, open financial system. Our core project is the Acala Network itself, which we expect to become the multichain DeFi hub built on top of Polkadot. We’ve built a suite of financial primitives including; decentralized, multi-collateral stablecoin; trustless liquid staking derivatives, and Decentralized Exchange, EVM app platform, and multichain asset router. These primitives will be used to power open DeFi innovations and remove the need for the intermediaries that inhabit almost every conventional trust-based financial system.