governance: News of Acala Token (ACA) - July 2024 Price Update - 7% Breakout Crypto News and Analysis

Explore the Core.

Acala is a decentralized finance (DeFi) protocol built on the Polkadot blockchain that offers an Ethereum Virtual Machine (EVM)-compatible platform for developers to build applications using Solidity. The network's key features include: Highly customizable EVM+ environment based on Acala's EVM-compatible runtime Acala USD (aUSD), a multi-collateralized stablecoin that can be minted by locking various assets as collateral Liquid Crowdloan DOT (lcDOT) tokens that represent DOT locked in Acala's crowdloan and can be used as collateral to mint aUSD Acala (ACA) token used for transaction fees, staking, incentivizing nodes, governance, and protocol maintenance

Cute, funny and a little bit crazy!!!

Spot the Main Event:

Euphrates - Adjust Reward Rate for DOT LST & lcDOT pool. A proposal was made to transfer 4,409,988 ACA reward tokens from Acala Treasury account to AF Account. There will be an update to the reward rate for DOT->LDOT and DOT->TDOT pool at block 5,364,200 (Acala) on January 20, 2024. For DOT->LDOT(pool#2) pool, the ACA reward rate will be updated to 874,996 ACA per month for the last 3 months. For DOT->TDOT(pool#3) pool, the ACA reward rate base will be updated to 595,000 ACA per month for the last 3 months. For DOT->TDOT(pool#3) pool, the TAI reward rate base will be updated to 238,000 TAI per month for the last 3 months. The reward rates for active Euphrates pools are renewed or adjusted every three months through governance. This ensures that the rewards align with ecosystem goals.

To God be the Glory

Spot the Main Event:

In collaboration with Binance and voted by Acala governance. ACA is now on Binance Simple Earn. This campaign will continue for 3 months where users can lock ACA for various durations to receive select APRs.

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