Share this article

Acala, a DAO established on the newly-launched Polkadot network, has announced a successful series A funding from 15 high profile investors, such as Pantera Capital, Arrington XRP Capital, ParaFi Capital, CoinFund, DCG, Spartan Group, and others. 

Santiago Roel Santos, Partner at ParaFi Capital, says: 

“At ParaFi, we envision a constellation of DeFi ecosystems spanning multiple chains and believe that would be a win-win for the broader crypto industry. Acala is our first DeFi investment in Polkadot, and one of our first outside Ethereum. We are encouraged by the pace of development and innovation by Acala and are excited to join the team in their journey to become the primary DeFi hub of the Polkadot ecosystem.”

The investment is a simple agreement for future tokens (SAFT) deal and was led by Pantera Capital. According to Coindesk, the total amount raised is around $7 million.

Phemex - 10 off

Acala is a financial primitives platform that will provide an alternative infrastructure for DeFi on Polkadot’s multi-chain ecosystem. The Acala platform will feature a MakerDAO-like governance structure with split governance (ACA) and stablecoin (aUSD) tokens on the Polkadot network. 

However, it plans to go beyond MakerDAO’s current capabilities with a decentralized exchange (DEX) on top.

Cred - earn easier

The need for a fast and cheap blockchain is rising, as Ethereum-based DeFi continues to be an unattainable investment for small retail investors. The rising gas fees are just one example of this, and may ultimately result in an investor migration from Ethereum to Polkadot. 

Regardless of the short term implications of Polkadot’s launch and Acala’s fundraising success, in the long run, Ethereum competition is extremely beneficial for everybody involved in crypto.

Share this article


  1. You’ve made some decent points there. I looked on the internet to learn more about the issue and found most individuals will go along with your views on this website.|

  2. Aw, this was an exceptionally nice post. Taking the time and actual effort to create a really good article… but what can I say… I put things off a lot and never seem to get anything done.|

  3. cialis generico lilly [url=]cialis 30 mg [/url] cialis effetti collaterali a lungo termine dove comprare cialis generico cerco

  4. cialis 5mg price [url=]le site du pharmacien cialis [/url] vente de cialis sans ordonnance ou acheter du cialis de bonne qualitГ©

  5. An impressive share! I’ve just forwarded this onto a friend who has been doing a little research on this. And he in fact bought me lunch because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to talk about this matter here on your internet site.|

  6. Asking questions are actually nice thing if you are not understanding something fully, except this paragraph offers pleasant understanding yet.|


Please enter your comment!
Please enter your name here