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Acala, the top project in the Polkadot ecosystem, has announced the mainnet launch of the Acala EVM+. This exciting development offers DApp developers the opportunity to launch Ethereum-compatible DApps on Acala’s DeFi app chain and the leading liquidity hub of Polkadot. The Acala EVM+ provides a development environment that is analogous to Ethereum while giving users the […]
Acala Network has announced that it has resumed its operations following the burning of the wrongly minted aUSD tokens.
A vote permitted LPs to withdraw liquidity from pools or unstake LP tokens. There was a reported minting mistake of
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A majority of services on Acala are still offline, according to a statement from the project today. Majority of Acala Services Are Down Acala is still attempting to restore operations...
Acala has recovered almost 3 billion aUSD following its second trace of addresses affected by a recent attack. Acala Recovers 3 Billion aUSD Acala has recovered another batch of affected...
The Acala community has proposed burning tokens to help its stablecoin recover dollar parity following this weekend’s attack. Acala Could Execute Coin Burn Acala could carry out a coin burn...
The decentralized hub of the Polkadot ecosystem, Acala, has suffered a major security breach
Acala quickly put the network in maintenance mode, pausing on-chain swaps, Polkadot cross-chain communications, and oracle price feeds to keep the stolen funds from leaving the parachain. Acala USD Depegs...
Acala Network's stablecoin was depegged from the dollar mark on Sunday following a breach. A vote was proposed to pause operations on Acala after it noticed configuration issues regarding the Horizon protocol, which affects its stablecoin aUSD. (Read More)
The Acala network has suffered a heavy attack from hackers. There are strong indications that the attack has claimed a whopping amount of aUSD tokens. [...]
AUSD ' the stablecoin of Polkadot' took a dive just minutes ago, dropping as low as 0.77 cents on the coin's native platform, and 0.79 on KuCoin, the exchange with the highest volume usage of the coin home of the decentralized stablecoin of Polkadot
The company tweeted: We have noticed a configuration issue of the Honzon protocol which affects aUSD. We are passing an urgent vote to pause operations on Acala, while we investigate and mitigate the issue. We will report back as we return to normal network operation.
However, users on the projects official discord are claiming this was hack, pointing to this wallet that is holding over $1 billion in AUSD. https://acala.subscan.io/account/26JmEcghNmggvT46sojckg34Py9zFRKkCcFy3gr49hrFgT2k
Created by the Acala Network, AUSD stablecoin is not algorithmic, it is backed by collateral across a variety of blockchains and include DOT, KSM, ACA, KAR, BTC, and ETH.
So while we're not sure what exactly is happening, it is NOT the Terra UST/Luna situation repeating itself.
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Author: Mark Pippen
London News Desk
Breaking Crypto News
DeFi on Polkadot is getting a massive boost thanks to a partnership with Acala and Astar Network. Covered: Astar Partner With Acala DeFi On Polkadot Astar Partner With Acala Astar Network, which bills itself as Polkadot’s innovation hub, announced a partnership with fellow parachain Acala. Together they are launching the “Astar x Acala DeFi Rising” […]
The post DeFi On Polkadot Just Got A Massive Boost appeared first on CryptosRus.
XCM integration between Calamari and Karura will initiate parachain bridging across Kusama. DApps on Polkadot and Kusama will expand concrete
Manta and Acala’s cross-chain transfer of parachain assets was successful. The launching of a new HRMP and bridging of assets ...
Acala and Karura to integrate with Wormhole. The partnership will connect the Polkadot and Kusama ecosystem to eight layer-1 chains. ...
Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the multi-chain bridging platform connecting blockchain networks.
The post Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana appeared first on CryptoSlate.
Parachain auction winner the Acala Network has launched a $250 million fund to fuel the adoption of Acala USD (aUSD) as the dominant stablecoin for the Polkadot and Kusama ecosystem respectively. (Read More)
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