what's Acala Network?

Acala Network is a decentralized finance (DeFi) hub built on the Polkadot ecosystem, designed to facilitate cross-chain liquidity and stable value transfer. It serves as a parachain on Polkadot, enabling seamless interactions between Polkadot, Kusama, and other connected blockchains. At its core, Acala provides infrastructure for DeFi applications, including lending, borrowing, and trading, while prioritizing scalability and interoperability through Substrate-based technology. The network's flagship stablecoin, aUSD (Acala Dollar), is overcollateralized and minted via a liquid staking and collateral mechanism, allowing users to lock assets like DOT to generate stable value pegged to the USD. This stablecoin supports cross-chain transfers and is integrated into Acala's suite of protocols, such as the Honor and Homa modules for staking and liquidation. Acala's governance token, ACA, enables community participation in decision-making and fee distribution. Acala emphasizes security through audited smart contracts and a decentralized oracle system for price feeds, making it a foundational layer for DeFi innovation in the Polkadot multichain environment.

Acala received an extended monitoring tag on Binance exchange today, January 2, 2026.