Acala Foundation Partners with Alluvial
Acala Foundation partners with Alluvial to offer a compliant, enterprise-grade Polkadot (DOT) liquid staking product for enterprises and institutions.
With the Acala Foundation’s support, Alluvial is building the first enterprise-grade multi-chain liquid staking standard on Ethereum and Polkadot.
Acala + Alluvial: Meeting the Compliance and Security Needs of Enterprises and Institutions
Outside of BTC and ETH, Polkadot (DOT) is the most held token among crypto funds and institutions (source: Messari). While holding DOT has advantages, there is an unmet institutional demand for engaging in DOT liquid staking. Most existing liquid staking protocols simply do not meet the compliance and security standards of major institutions who want to participate or provide liquid staking to their end users. The collaboration with the Acala Foundation represents a first for the Polkadot ecosystem: a reliable and secure liquid staking protocol tailored to enterprise compliance, security, monitoring, and reporting requirements. It also encourages client diversification and multi-region infrastructure configurations as part of the liquid staking standard.
Acala Foundation Partners with Alluvial to enable compliant DOT liquid staking for a broader audience of institutions looking to participate in securing the Polkadot network and growing its ecosystem. As more institutions participate in liquid staking on Polkadot, we can expect to see greater adoption as well as new products and services built to service emerging needs of liquid stakers in the ecosystem.
How is the Acala Foundation Able to Offer this Compliant Product?
The Acala team spent the previous 3.5 years building DeFi infrastructure for web3. It’s delivering sophisticated blockchain solutions for real-world business opportunities. Thanks to the Acala founders’ decision to build with Substrate, the flexible and customizable Polkadot SDK, the network can continue to improve and evolve easily. To support Alluvial and the needs of institutions, the Acala team is configuring the Liquid Staking protocol in a compliant, permissioned environment. The environment will allow the protocol to address KYC/AML and various other compliance checks for institutions.
Build on Acala: $250M aUSD Ecosystem Fund
Developers interested in building a project that drives rewards or utility of the aUSD stablecoin on Acala or any other parachain, can apply for funding from the $250M aUSD Ecosystem Fund. The aUSD Ecosystem Fund is part of the broader Acala Ecosystem Program. It’s offering liquidity for new projects, Acala Foundation Grants, engineering support, and more.
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. It’s serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers. The goal is to leverage, including a trustless staking derivative (liquid DOT), a decentralized exchange. And the EVM+, a hybrid EVM offering fully Ethereum-compatible development environment plus full compatibility with Substrate.
About Alluvial
Alluvial is building the first-ever enterprise-grade liquid staking protocol across multiple blockchains combining the technical & security requirements of institutions with the Web3 ethos of community driven-collaboration. Figment and Kiln are developing the liquid staking standard for Ethereum.
SOURCE:
