Acala was victorious in Polkadot’s first parachain auction, Iota announced its staking network, and Uniswap liquidity providers lose money — all coming to you in this week’s Finance Redefined.
Acala wins first Polkadot parachain auction with over 32M DOT staked
The upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO.
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development.
Polkadot unveils $770M development fund ahead of parachain auctions
Polkadot’s Gavin Wood has announced a more than $770 million development fund just weeks before the network’s parachain auctions are set to go live.
DeFi hub Karura emerges as first Kusama parachain slot auction winner
Polkadot’s canary network, Kusama, is set to see decentralized finance hub Karura become the first parachain.
Polkadot moves towards sharding as Acala Network secures first Rococo parachain slot
Polkadot’s vision for a sharded parachain ecosystem is moving toward becoming a reality.
Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain
Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital.