Polkadex Integrates aUSD Acala
Polkadex Integrates aUSD Acala as The Default Stablecoin for its Polkadot Parachain
Polkadex integrates aUSD as its default stablecoin, and in return aUSD will get more liquidity from Polkadex Orderbook.
Meet Polkadex
Polkadex is a fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate. aUSD will help Polkadex establish itself as a trading engine for Web3 and DeFi by making aUSD the default stablecoin for the Polkadex ecosystem.
Polkadex addresses the user onboarding issue resulting from the complex nature of DEX platforms; despite their many benefits, blockchain platforms are yet to provide convenience and a satisfactory UX. Polkadex delivers a centralized-like (albeit non-custodial) experience with features like:
— High-frequency trading
— Limit orders
— Trading bot integration for experienced traders and institutional investors
— Support for cross-chain assets
— Increased liquidity through an order book and AMM
— Zero front running
Polkadex’s aUSD integration expands aUSD use by exposing its users to aUSD utility across different chains. Institutional investors and traders with custom algorithms can leverage Polkadex’s support for aUSD and its trading bot feature. With no gas, trading bots can access Polkadex through their Layer-2 solution.
About Polkadex
Polkadex is a fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate and designed to become the ultimate trading engine for Web3.
About Acala
Acala is a decentralized finance network powering the aUSD ecosystem. The core product, Acala USD (aUSD), is a decentralized, multi-collateral, crypto-backed stablecoin serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers to leverage, including a trustless staking derivative (liquid DOT — LDOT), a decentralized exchange, and the EVM+, a hybrid EVM offering fully Ethereum-compatible development environment plus full compatibility with Substrate.
