Blockchain platform Bison Trails to support Acala and Karura for the Polkadot DeFi ecosystem

Blockchain platform Bison Trails to support Acala and Karura for the Polkadot DeFi ecosystem
фото показано с : cryptoninjas.net

2021-7-2 00:48

Bison Trails, a blockchain infrastructure platform-as-a-service company, today announced that it will be supporting Acala, a DeFi hub for Polkadot, as well as Karura, Acala’s sister protocol providing a DeFi network for the Kusama community.

Acala will come to market with its own built-in protocols. These include a trustless liquid-staking derivatives protocol, a multi-collateralized stablecoin (aUSD) backed by cross-chain assets, and a decentralized AMM exchange. Acala is also Ethereum-compatible, with gas fees payable in any token.

This month, Bison Trails will launch support for Karura. It will operate the boot nodes used to bootstrap the Karura network in its early launch stages. Next, support for Acala will be added once the protocol launches on mainnet after winning a parachain slot auction on Polkadot later in 2021.

Bison Trails will offer enterprise-grade collator infrastructure for Karura and Acala. This will help secure the network in the early stages of its launch.

As the network matures, there will be openings for Acala ecosystem partners to run collator infrastructure on Bison Trails. Collators pass Acala’s blocks to a randomly selected subset of Polkadot’s relay chain validators; who then validate and finalize the blocks for inclusion in the shared state of Polkadot.

“Bison Trails has deep expertise in the Polkadot ecosystem and Substrate-based chains; that make us uniquely positioned to support Karura and Acala. These new networks represent an inflection point for the growing suite of DeFi apps and services on the Polkadot ecosystem. We are excited to work with Acala and Karura, supporting their security and growth in these early stages.”
– Joe Lallouz, CEO of Bison Trails

Launch Plan of Acala

Acala will be launching with 15-20 collators permissioned by the Acala Foundation. The advancement of both networks during their early stages will be overseen by the Acala Foundation.

Down the line, Acala aims to transition from an authorized collator set to a public collator-based model. It plans to offer interested parties an opportunity to run Acala collators, stake ACA to secure them, attract community delegations, and earn ACA rewards.

Participating early in Acala as a collator operator helps make the network more robust and decentralized. It also helps establish credibility as a collator operator and trusted ecosystem partner and paves the way for a successful transition from an authorized collator set to a public collator form.

Ruitao Su, Acala Co-Founder

“This month, Karura’s global network of supporters contributed over 500,000 KSM tokens, equivalent to over $100M, in a crowdloan; representing community demand for interoperable, decentralized finance products. We are excited to work with Bison Trails to help grow Karura and Acala and enable us to bring an ever-growing suite of DeFi services to our community members. Working with Bison Trails to support the top parachain projects will enable network participants to bypass years of learning how to operate successfully within the Polkadot ecosystem.”
– Ruitao So, Co-Founder & CEO of Acala and Karura

The post Blockchain platform Bison Trails to support Acala and Karura for the Polkadot DeFi ecosystem appeared first on CryptoNinjas.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Defi (DEFI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0182135 (-100%)

acala defi blockchain polkadot karura trails bison

acala defi → Результатов: 20


Фото:

Current Mobile Banking App Joins the DeFi Train Via Polkadot’s Acala Network

Current has announced plans to integrate decentralized finance (DeFi) features into its mobile banking app, starting with Polkadot’s Acala Network. Current’s deal with Acala will make it possible for the team to build hybrid finance (HyFi) ecosystem enabling consumers to enjoy the benefits of both traditional and decentralized financial applications, according to a press releaseRead More

2021-5-20 17:00


Фото:

Acala Network, Karura Receive Backing from Coinbase Ventures

Polkadot’s decentralized financial hub Acala today welcomed Coinbase Ventures into its rapidly expanding ecosystem. Coinbase Ventures Backs Acala and Karura for Polkadot DeFi In an announcement made on April 1, Acala Network – the decentralized financial hub and stablecoin of Polkadot that enables fast and easy to use or build financial applications – stated itRead More

2021-4-2 07:13


Шардинг все ближе: Acala Network стала первым парачейном в тестовой сети Polkadot

Платформа DeFi Acala Network первой получила слот парачейна в тестовой сети Polkadot. Запуск парачейна приблизил платформу к цели – обеспечению межсетевого взаимодействия в экосистеме Polkadot.

2021-3-29 12:28


Фото:

Разработчики Acala запустили совместимую с Эфириумом виртуальную машину Polkadot

Разработчики платформы DeFi Acala объявили о запуске Acala EVM – виртуальной машины Polkadot, совместимой с Эфириумом, которая улучшит межсетевое взаимодействие блокчейнов.

2021-2-8 11:30