Parachain Acala Network

So what is Acala Network?

Acala is Polkadot's decentralized financial network and liquidity hub. It is a Tier 1 smart contract platform that is scalable, Ethereum compatible and DeFi optimized with built-in liquidity and out-of-the-box financial applications.

With its robust exchange, decentralized aUSD stackcoin and DOT Liquid Staking (LDOT) protocol , Acala allows developers to access the best DeFi technologies from Ethereum and all the power of Substrate.
Simply put, Acala is the main financial (Defi) project of the entire Polkadot network, which has all the Defi tools (lending, staking, DAX, etc.) that are available in Ethereum and other Defi projects.

What is lending?

Lending is the leasing of digital assets at a certain interest rate. Its essence is that the user already owns or acquires N amount of coins, then leases them to a third party (platform), which will put the funds into circulation and act as a guarantor of their return.

What is steaking?

Steaking is essentially passive earning by filling the project pool with liquidity to protect it, for which the project pays a percentage to encourage users. Such a process utilizes the Proof of Stake (PoS) algorithm - proof of ownership.

Investors

Acala was founded in October 2019 and to date has received five Web3 Foundation grants, is backed by Coinbase Ventures, Pantera Capital, Polychain Capital and other leading companies, and has a distributed team in New Zealand, China, Europe, South America and other countries.
Acala also has great support from Polkadot founder Gavin Wood and it is the first parachain to win auctions for parachain slots.

Good luck friends, with respect
M. J.