Acala EVM+ is LIVE!
Firstly, The Acala EVM+ has been launched and the first live contracts have gone live with Wormhole’s multi-chain bridge now live. Karura users will be able to leverage the Wormhole bridge to launch the 3 stablecoin pool (3Pool) on Karura. Enjoying instant liquidity and accessibility to aUSD, USDC, and USDT, creating a low-risk, capital-efficient stablecoin swapping mechanism.
As the EVM+ full launch progresses into the subsequent phases. DApp teams can deploy their EVM-based smart contracts on Karura while using the same tooling they utilize in other Ethereum environments. With Wormhole’s launch, any DApps building on Karura will be able to integrate Wormhole assets for their users and access several layer-1 blockchain networks already supported by Wormhole.
Furthermore, The EVM+ provides a development environment analogous to Ethereum while facilitating Polkadot’s modular blockchain framework. Substrate’s full power, high throughput, and customizability. Developers will able to innovate outside the confines of the EVM, meaning existing EVM compatible applications can still be developed. However, they can now leverage the functionality created at the Substrate layer on Karura’s EVM+.
EVM+ introduces practical features to enhance the user experience within blockchain. These include:
— Payment of gas fees in any token
— Support for customizable fee schedules like zero-fee transactions
— Seamless support for ERC-20 and Substrate native tokens
— Chain-level customization for DeFi features, including on-chain scheduling, on-chain Keepers, prioritized Oracle feeds, and upgradability to new features from new developer requirements
— Support for both Metamask and Polkadot.js
Lastly, The EVM+ launch on Karura creates interoperability between Karura and other supported chains by enabling seamless connectivity and asset transfer between protocols via the Wormhole bridge.
About Acala
Acala is the decentralized finance network and liquidity hub of Polkadot. It’s a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. Decentralized stablecoin (aUSD), Liquid Staking derivative, and EVM+. Acala lets developers access the best of Ethereum and the full power of Substrate.
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