Rand Network To Launch its Yield Aggregator Strategies On Acala’s EVM+
Rand Network has announced to launch yield aggregator strategies on Acala, leveraging aUSD stablecoin yield for App Users. Rand will launch new yield aggregator strategies for their app and platform using Acala’s EVM+, generating interest income for their users by leveraging aUSD stablecoin yield. Rand plans to incorporate additional features from Acala into their app, making it frictionless for their users to access Acala’s DeFi ecosystem.
Rand has chosen Acala and its native decentralized stablecoin aUSD as the next chain to expand its yield aggregator strategies. The strategies will provide liquidity using aUSD to the Acala DEX and integrate with additional money markets deployed on Acala. Throughout this period, more features from Acala’s native DeFi ecosystem will be incorporated into the Rand app, allowing users an easy and frictionless way to benefit.
Deploying contracts on Acala’s EVM+ allows users to top up their accounts via Metamask directly using aUSD, meaning users can now deposit and withdraw from Rand at almost 0 costs in gas fees.
About Rand
Rand Network aims to solve one of the most significant sources of stress in young adults and professionals with the time and knowledge to obtain a return on their capital. Simply put, Rand is a mobile app that allows you to achieve your financial goals on autopilot through easy-access, gamified DeFi.
About Acala
Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. The blockchain has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (Acala Dollar — aUSD), a trustless staking derivative (liquid DOT — LDOT), and a decentralized exchange.
