What is Blockade Games? Information about the Blockade Games project
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
The main purpose of aUSD is to power the Polkadot and Kusama ecosystems. The minting of aUSD is working with DOT and LCDOT as collateral indicating that the platform plans to integrate assets such as ACA and native tokens of other parachains in the near future. Let's take a look at some of the latest updates of the Acala ecosystem in February 2022 with TraderH4 .
The Acala team conducted a demand prediction of all future parachains on the Polkadot network. To function in a decentralized economy, stablecoins need to be resistant to censorship. At the same time, it must facilitate transactions while maintaining its value. As a result, Acala has started to develop stablecoin aUSD for the Polkadot and Kusama ecosystem .
After conceiving the idea of a stablecoin, Acala initiated the development of a blockchain dedicated to its applicability. The main purpose is to support the existence, utility and success of aUSD – the stablecoin will be at the heart of everything in the blockchain. Finally, aUSD is officially released and available for minting using DOT and LCDOT as collateral. aUSD works through the creation of a stable currency from a reserve, allowing users to trade without price fluctuations.
Acala uses a system called Collateralized Debt Position (CDP) to mint aUSD. The platform will use the CPD system for incentives, supply-demand balance, and risk management strategies in Acala to fix the aUSD token value to the US dollar. aUSD also offers online liquidation tools that eliminate the risk of third-party concentration. Thereby allowing aUSD to manage risk more effectively and autonomously.
Another important launch event in February 2022 of the Acala ecosystem is the one-way DOT bridge that supports the transfer of DOT to Acala. This is seen as part of Acala's roadmap, which uses a phased approach to explain technical dependence on Polkadot. The timely development of a 1-way DOT bridge allows DOT to be transferred to Acala as users wait for Polkadot to complete the XCM cross-consensus communication solution. Since Acala's financial infrastructure revolves around DOT, the development of a DOT bridge is very important to Acala.
The temporary solution will be essential for DeFi protocols and liquidity incentive program as users are already able to transfer their DOT to Acala. When using a 1-way DOT bridge, Acala advises that those with a certain understanding of the DeFi field should participate in this early stage of use. As users will only be able to unlock liquidity when the platform is fully enabled.
Acala users have enjoyed another rewards program following the start of the Acala DeFi economy. The Acala DeFi platform has allocated 1 million ACA in incentives to incentivize the liquidity provision for LCDOT/DOT, LCDOT/aUSD and ACA/aUSD in Acala Swap.
Acala Swap is one of the core components of aUSD. Acala Swap is built to be an automated market maker (AMM) within the Acala ecosystem. AMM grants liquidation rights to aUSD functions and operations within Acala. Therefore, the initial listing of aUSD pairs will help invigorate the Acala Dollar Stablecoin after its launch.
Over the next 6 months, liquidity providers will earn attractive rewards for participating in Acala Swap.
aUSD and kUSD are both Acala stablecoins. The only difference between these two stablecoins is the network that runs them, Acala and Karura respectively. The existence of both stablecoins creates efficiency problems. In other words, this hinders the capital efficiency, liquidity, and utility of the Acala stablecoin by reason of the fragmentation of services between the two networks. Add to that the lack of connectivity between the governance systems in Acala and Karura.
Understanding these challenges, the following solutions are being discussed to support Dotsama with aUSD:
Acala participated in ETHDenver 2022 week and launched Dapp workshop on Acala EVM+. The workshop covered the use of Acala's EMV+ and the benefits of using them. Through the EVM+ platform, users can:
In addition, the seminar also implemented a bonus program with the goal of being participants in the discussions at the seminar. The first bounty requires participants to deploy Dapps on Polkadot using Acala EVM+. It is known that the total value of the reward is 1000 USD. For the second bonus, the goal is to deploy a Dapp on Acala EVM+ that integrates with the decentralized stablecoin aUSD. The value of this bonus is 4000 USD.
Immediately see the details of how to submit your project to the program as well as the conditions to receive a reward up to 5000 USD.
February 2022 has seen more blockchain solutions join the Acala ecosystem. The main purpose of this accession is to take advantage of the practical tools available in Acala. Here is a quick summary of the projects that joined Acala in February 2022:
Capx: This is an innovative platform that unlocks liquidity of tokens by allowing projects to issue Wrapped Vesting Tokens (WVT) to stakeholders. CapX has decided to launch their token lifecycle management platform on Acala to leverage the aUSD stablecoin and DeFi ecosystem built around Acala. Projects launching on Acala will benefit directly from Capx as they have access to Capx Liquid to manage their token lifecycle.
IndexZoo: When the future of multi-chain is about to come true, IndexZoo is one of the names to welcome this wave. The project is developing a standardized investment platform that gives users access to multiple blockchains through synthetic index tokens and leveraged tokens.
IndexZoo chose to deploy on Acala to leverage aUSD and the comprehensive DeFi ecosystem built around Acala. Users will have access to DOT and ACA leveraged coins (currently available on Acala's decentralized exchange and Acala Swap listing). Users will have the opportunity to invest, despite market fluctuations as well as be guaranteed the maximum efficiency of capital for their investments.
GameDAO: This is a platform that features a community-owned OS add-on. The main purpose is fundraising, development of Metaverse, building eSports, and creative industry. GameDAO chooses to join Acala to take advantage of the Acala ecosystem and stablecoin aUSD.
GameDAO creates a solution of transparent governance and community ownership. It also allows communities to interact via DAO, DeFi and NFT protocols, thereby supporting the development of the gaming industry. Launching on Acala will give GameDAO access to the DeFi ecosystem on Acala. That allows GameDAO to grow natively in Acala.
Rand : Another innovative brand that announced its debut on Acala is Rand. Rand Network will launch its profit aggregation strategies on Acala's EVM+. The main purpose is to generate income for users by leveraging the profits of stablecoin aUSD.
Rand plans to incorporate many elements from Acala to enable liquidity, integration, and several other easy methods for Rand users to benefit. Random users will benefit from the core features of the Public Vaults and Private Vaults platforms.
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
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