2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

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Injective willCollaborate with Acalato Integrate the aUSDStablecoin intoPolkadot-basedDerivative Products

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2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

https://blog.injectiveprotocol.com/injective-will-collaborate-with-acala-to-integrate-the-ausd-stablecoin-into-polkadot-based-derivative-products/ 2/6

We are delighted to announce that we have entered into a technicalcollaboration with Acala in order to bring its novel multi-collateralstablecoin (Acala Dollar) to Injective’s Polkadot-based derivativeproducts.

Acala is the decentralized financial hub of Polkadot, making it fast andeasy to use financial applications available to everyone. The platformincludes a diverse array of financial primitives, which includes its multi-collateralized stablecoin Acala Dollar (aUSD). This particular stablecoin isbacked by a number of different digital assets such as Bitcoin, Ethereumand Polkadot, which aid in retaining its decentralized nature. The teamhas closed a $7 million investment round led by Pantera Capital amongother investors including 1confirmation, Arrington XRP Capital, ParaFiCapital, Coinfund, Spartan Capital and more.

A few weeks ago we introduced our initial plans to integrate with Polkadotwith the help of Moonbeam, which interestingly made us the firstdecentralized derivatives protocol to start bridging over Polkadot assets.We plan to integrate Acala’s aUSD in order to provide a stable asset thatcan be used to collateralize Polkadot-based derivative products onInjective. This also expands opportunities for us to create new derivativeproducts alongside Acala, further increasing the use cases for aUSD.

“We are thrilled to be working with the team at Acala in this newendeavor. As the Polkadot ecosystem continues to surge in usageand developer activity, it is important for Injective to cater to newDeFi hubs that exist outside of purely Ethereum. We look forwardto launching a truly decentralized derivatives exchange that is ableto attract the rapidly growing Polkadot community,” said InjectiveCEO, Eric Chen.

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2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

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Acala and Injective are both Pantera portfolio companies that share aunique vision to fully decentralize the world of traditional finance.Injective has already begun the process to introduce aUSD to our SolsticePro network. This is also quite a promising integration given that Acala’stestnet has already managed to lock up $52 million in value.

“Injective has truly created a new paradigm in decentralizedtrading. We are excited to see the Acala Dollar being introduced tothis platform, which will certainly lead to the creation of newderivative products and overall usage for our novel stablecoin,”said Ruitao Su, CEO of Acala.

Closing Remarks

Our team at Injective is excited to work with Acala on the initialdeployment of the Acala Dollar on our derivatives exchange.

This is a significant milestone for Injective as we further bolster ourcollaboration with the Polkadot Network in order to truly showcase thelimitless capabilities on Injective.

About Acala

Acala is the decentralized financial hub of Polkadot, making it fast andeasy to use financial applications available to everyone. The platformoffers a suite of financial primitives: a multi-collateralized stablecoinbacked by cross-chain assets like Bitcoin, a trustless staking derivative,and a decentralized exchange to unleash liquidity and power financialinnovations. Acala is the de-facto open platform for finance applications to

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2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

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26 Jan 2021 – 3 min read

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Injective Partners with AllianceBlock to Launch Decentralized Oil and Gas Futures

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use smart contracts or built-in protocols with out-of-the-box cross-chaincapabilities, security and financial optimizations.

About Injective Protocol

Injective Protocol is the first layer-2 decentralized exchange protocol thatunlocks the full potential of decentralized derivatives and borderless DeFi.Injective Protocol enables fully decentralized trading without anyrestrictions, allowing individuals to trade on any derivative market of theirchoosing. Injective Protocol is backed by a prominent group ofstakeholders including Pantera Capital, one of the most renowned venturecapital firms in the world, and the leading cryptocurrency exchange,Binance.

Want to learn more about Injective? Join us via the channels below!

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2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

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INJECTIVE PROTOCOL26 JAN 2021 3 MIN READ

Injective is partnering with AllianceBlock to launch decentralized oil and gas futures. Intraditional finance, oil and gas futures encompass a multi-trillion dollar market but have thusfar been out

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Injective Partners with AllianceBlock to Launch Decentralized Oiland Gas Futures

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2021. 1. 29. Injective will Collaborate with Acala to Integrate the aUSD Stablecoin into Polkadot-based Derivative Products

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