Acala was selected into the Chicago DeFi Alliance Accelerator to help Polkadot's DeFi ecological development
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*source：DeFi Alliance
The Chicago DeFi Alliance (CDA) was jointly established by TD Ameritrade (TD Ameritrade), Cumberland, CMT Digital, DV Trading and Jump Capital, as well as the well-known venture capital Volt Capital and the leading DeFi project Compound.
Among them, Jump Trading, CMT Trading and DRW Trading are well-known local proprietary trading companies; Volt Capital is a well-known digital asset fund in Silicon Valley; Joining it, the alliance member Arca is composed of A16Z, DCG, Coinbase and other institutions, and has registered with the US Securities and Exchange Commission (SEC) to issue the Arca US Treasury Fund.
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Acala x DeFi Alliance
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*source：DeFi Alliance
Previously, the establishment of the Chicago DeFi Alliance (CDA) has helped many of the current top DeFi teams, including 0x, dYdX, Kyber Network, IDEX, Open, SetProtocol, and Synthetix. The Chicago DeFi Alliance (CDA) will help start-up teams from six aspects: product design, liquidity, capital, technology, strategic development, resource docking, and compliance, connect with traditional financial experts and resources, and focus on helping DeFi product design liquidity mining And introduce liquidity providers to improve system liquidity, let DeFi quickly enter the mainstream financial market, and deeply tap the potential of alliance members.
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*source：CoinDesk
Currently, the Chicago DeFi Alliance (CDA) and Teller Finance, a decentralized lending project, have jointly launched the Liquidity Launchpad program, which aims to lead new industry game rules, inject institutional liquidity into DeFi protocols, and reduce users' use of DeFi. Product Threshold. Acala is excited to participate and contribute to the ecosystem together, and thanks the Chicago DeFi Alliance (CDA) for this opportunity.
According to CoinDesk's "This DeFi Group Wants to Bring Maturity to the Yield Farming Craze" article, although start-up teams obtain market access qualifications and capital from the secondary market, the secondary market is composed of many scattered investors. will be more rational. Therefore, the Chicago DeFi Alliance (CDA) hopes to use this plan to help many secondary market investors use the DeFi system to earn income and get rid of their dependence on traditional ROE (Return on Equity, return on equity) income. At the same time, the start-up team uses the funds for income verification and provides a lock-up period for institutional participants. If investors believe that the DeFi project can bring considerable benefits and sustainable development, they will accept new game rules such as the lock-up period and run for a long time. In any case, the advantages of scale will be used to form considerable arbitrage income.
At present, traditional financial models such as over-collateralized lending, derivatives, insurance, and wealth management will open new stories in the field of open finance, and DeFi "traditional financial innovators" are also being verified by the market and gaining popularity. Previously, the liquidity incentives maintained for several months accelerated the development of DeFi, but the emergence of imitation disks and thunderstorms caused the DeFi market to fall into involution. "Sometimes, if you have a good product in the market but don't know how to cater to the market, it seems a bit out of tune with the hyped project." Qiao Wang, partner of the Chicago DeFi Alliance (CDA), also explained in the report that the current public opinion orientation of social media makes Many hyped DeFi projects are more attractive"secondary title
Security Bulletin
Acala has not issued any tokens yet, and you cannot currently purchase Acala tokens. Any transaction, giving, mapping transaction is forged. Please refer to the only official channel (Twitter, Medium, WeChat official account) for all token-related distribution and other news. Please be vigilant and tell each other to avoid being deceived. If you find a scam, please report it to the Acala team.
Acala has not issued any tokens yet, and you cannot currently purchase Acala tokens. Any transaction, giving, mapping transaction is forged. Please refer to the only official channel (Twitter, Medium, WeChat official account) for all token-related distribution and other news. Please be vigilant and tell each other to avoid being deceived. If you find a scam, please report it to the Acala team.
About Acala
About Acala
Acala - Decentralized Open Financial Alliance, Polkadot Ecological Financial Center, aims to create an open financial framework in conjunction with the Polkadot ecosystem, bringing financial stability, liquidity and accessibility to encrypted assets. Core Layer 1 modules such as the Honzon protocol for cross-chain multi-asset collateralized stablecoins, the Homa protocol for releasing Staking asset liquidity, and decentralized exchanges have been launched. At present, Acala has received official financial support from the Web3 Foundation, and has received investment from several institutions including Polychain, Pantera, ParaFi, Hypersphere, DCG, Coinfund, 1confirmation, Hashkey, and KR1.
