Acala DeFi Hub Wins First Polkadot Parachain Slot

The inaugural Polkadot parachain auction has come to a close. The race was close but Acala DeFi Hub is the winner of this first slot. Sponsored Sponsored Acala has taken the first Polkadot parachain slot, edging out Moonbeam which came in as a close runner-up. The auction ended on November 18. Acala took the prize … Read more

Banking App Current Teams Up With Acala for DeFi Debut on Polkadot

Banking app Current has announced a collaboration with Acala, a decentralized finance (DeFi) platform build on the Polkadot (DOT) blockchain.  New York-based bank Current was created to provide services to Americans overlooked by traditional banks. This morning, Current announced a partnership with Acala, a DeFi platform built on the Polkadot blockchain network.  Current states that … Read more

Polkadot-Based Equilibrium Raises $8.5M in DOT With PLO Drive

Equilibrium is looking towards its two-phase parachain lease offering (PLO) system for fundraising. Equilibrium will use the PLO to gain a Polkadot (DOT) parachain slot, but only once they acquire a minimum of 1 million DOT ($37 million, at press time). The decentralized finance protocol (DeFi) closed a Series A funding round worth $2.5 million, … Read more

DeFi Index Reaches New ATH — Will DOT Follow Suit?

Polkadot (DOT) has been moving upwards, since bouncing at the $28.30 support area on April 23. DOT is expected to continue moving upwards and eventually reach a new all-time high price. Daily DOT Movement DOT has been moving downwards since April 1, when it had reached an all-time high price of $48.36. The same day, … Read more

DeFi Protocol Equilibrium Raises $2.5M, Aims to Win Polkadot Parachain Lease Auction

Decentralized finance protocol Equilibrium has closed a Series A funding round worth $2.5 million with participation from some big names in the industry. Equilibrium, the self-described first interoperable money market on Polkadot, will use the funding to develop a suite of DeFi products comprising a comprehensive lending platform and a professional-grade cross-chain DEX. The multinational … Read more