The Acala Polkadot Crowdloan explained
Learn how to contribute to the Parchain auction of the Acala team and the possible ROI of the Investment
Acala is the decentralized finance network and liquidity hub of Polkadot. It’s a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications
The Acala Polkadot Project, older brother of Kusama’s Karura, is one of the most promising and well known projects of the Polkadot ecosystem. Karura won the first available parachain slot on the Kusama network by a long margin, and by the looks of it Acala will do the same.
Not only are they giving out 17% of the total ACA tokens for the crowdloan, but they are also providing multiple ways to increase the obtained rewards via referral links and other activities like the Acala Quests, which give you an extra 2% rewards and a shiny NFT.
Most importantly, they are giving lenders who decide to support their project with DOT the chance to obtain lcDOT or liquid crowdloan DOT, on a 1:1 proportion to the contributed DOTs. This means that…
