For more information on this project, check out CoinMarketCap's Acala Insight. Acala is an all-in-one decentralized finance network that offers a Polkadot-protected blockchain platform as well as a suite of cross-chain finance applications that allow users to exchange Acala Swap, issue self-service loans with the Acala Dollar (aUSD) stablecoin, become a liquidity provider, access derivative staking with Liquid DOT staking (LDOT) and earn high-interest APY on your digital assets. The network is scalable, compatible with Ethereum and optimized for DeFi. The network will also be linked to Ethereum, Bitcoin, and other networks such as the Compound Gateway, for which Acala received an inaugural grant from Compound. Acala is building hybrid cryptocurrencies and fintech products with US fintech firm Current, to bring DeFi performance to Current's three million US customers. You can try Acala apps on testnet today. Acala was founded in October 2019 and to date has received five grants from the Web3 Foundation, is supported by Coinbase Ventures, Pantera Capital, Polychain Capital and other leading companies, and has a team spread across New Zealand, China, Europe , South America and the United States. The decentralized network is entirely governed by the Acala Token (ACA), which also acts as a utility token for the operation of the network.