To find out more about this project, check out's deep dive of Acala.
Acala is an all-in-one finance network with a suite of cross-chain financial applications that let users trade on Acala swap, issue self-serviced loans with the Acala Dollar stable coin, and more. The network is easy to use. Acala received an initial grant from Compound Gateway, which will allow the network to be bridged to other networks. Current's three million U.S customers will be able to benefit from Acala's hybrid products.
Acala received five Web3 Foundation grants, has backing from top firms, and has a distributed team in New Zealand, China, Europe, South America, and the United States.
The Acala token is the utility token for the network.