Web3 financial platform Acala has partnered with Credora to jointly launch a BTC lending platform based on Polkadot Staking

Odaily News Web3 financial platform Acala and private credit aggregation platform Credora have reached a cooperation and will jointly launch a BTC lending platform based on Polkadot Staking products. Credoras first Special Purpose Group (SPV) model will unlock stable yields in BTC lending scenarios through Polkadot Staking, thereby leveraging the BTC market of more than $500 billion. In addition, in this cooperation, Portofino Technology, a market maker in the native crypto market, stated that the annualized return on BTC in the lending scenario under the SPV model is expected to reach 7-10%. (Blockworks)