Crust Shadow Integrates aUSD. CrustNetwork excited to announce that through the Kusama XCM channel, aUSD users can store orders under the Crust Shadow network!

Crust Shadow the pioneer network of the decentralized storage project Crust Network. It won the 19th Kusama parachain slot auction and was awarded the parachain ID 2012. At present, the storage function of Crust Shadow has been officially enabled.

CSM token the native token of the Crust Shadow network. In April, Crust and Karura enabled the transfer of CSM to Karura through the Kusama XCM, and launched the CSM/aUSD trading pair on Karura Swap. At the end of July, the Crust Shadow Council passed the proposal to enable transfers in aUSD. Now, thanks to XCMP, CSM and aUSD can send mutual transfers on Crust Shadow and Karura.

aUSD overview

aUSD a decentralized, multi-collateralized stablecoin backed by cross-chain assets, serving as the native stablecoin for the Kusama and Polkadot ecosystem. aUSD is designed to maintain a peg relative to the US Dollar, allowing users to transact, trade, and facilitate services using aUSD while shielding users from price volatility customary to the crypto asset economy.

aUSD’s use case in Crust Shadow

Crust Network currently has 2300+ nodes, with a total of 950+PB storage capacity. The Crust Shadow network is able to undertake user storage orders and store user data in the Crust Network. Last week, the Crust Shadow Council passed the proposal to transfer aUSD to the Crust Shadow network.

In addition to using CSM, users can also use aUSD to pay for storage fees. For the first 6 months, the network set to place 1,000 storage orders per 1 aUSD. Paying storage order fees is one of the main functions of the CSM and CRU tokens, which also provides aUSD users new usage scenarios and further promotes the prosperity of the Polkadot ecosystem.

Follow Crust Twitter or join the Crust community to get the latest Crust news and chat with our community developers!

About Crust Network & CSM

Crust Network a versatile, purpose-built storage blockchain that delivers truly decentralized file storage and hosting capabilities for the entire Web3 ecosystem, empowering privacy and data ownership. Crust Network enables dApp hosting, NFT metadata storage and encrypted file storage across a wide range of blockchains.

The Crust Shadow a “Kusama version” for Crust Network, it won the auction for the 19th parachain slot and was award the parachain ID 2012. CSM token the native token of Crust Shadow Network.

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About Acala

Acala 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.

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Aurigami is a decentralized, non-custodial liquidity protocol. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Additionally, depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralized fashion.

Depositors will receive continuous earnings (interest) on their deposited assets. The earning rates adjust algorithmically for each asset based on their independent market conditions.

The auToken is a representation of the user’s asset balance supplied to the Aurigami protocol. The auToken mint base on the underlying asset deposited to the protocol (auUSDC, auDAI, etc). The exchange rate between auTokens to the underlying appreciates as more interest is earns in the market.

Atmos AMO and Aurigami USDC pool

Atmos Protocol has the AMOs mechanism — automated market operations that include Collateral Investor and Protocol Earned Liquidity. Let’s talk about Collateral Investor.

The Collateral Investor moves idle USDC collateral to DeFi protocols (protocols can be added through governance).

Finally, they have approved that Atmos Protocol will deposit idle USDC into the Aurigami USDC lending pool.

Actions with the idle USDC

Once a user wishes to mint aUSD, he needs to deposit both USDC and ATM tokens based on the current Target CR. While ATM moves to the Protocol Earned Liquidity, idle USDC does not just lie on the contract, it automatically gets invest.

Moreover, the collateral invested with an instant withdrawal ability does not count as decreasing the protocol’s CR since it is always spontaneously available to the protocol.

The protocol automatically invests up to 85% of USDC collateral to generate passive income. Profit from depositing converts to ATM. The execution flow is both immediate and efficient in terms of maintaining the ATM price indefinitely, as the token is buy-back, and burnt.

Furthermore, collateral investment has the potential to provide a substantial income in addition to the benefits outlined above. In addition, both principal and interest can naturally expand ECR and contribute to the system’s long-term stability.

ABOUT AURIGAMI

Aurigami (PLY) enables users to lend, borrow, and earn interest with their digital assets. Depositors provide liquidity to the protocol to earn a passive income, while borrowers are able to borrow in an over-collateralized fashion. Aurigami is pioneering the concept of “Liquid Locked Tokens’’ to allow a DeFi-native solution for vested tokens. Aurigami is backed by top-tier investors such as Dragonfly Capital as well as Polychain Capital and is a proud recipient of Proximity Lab’s DeFi Grants.

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ABOUT ATMOS PROTOCOL

Atmos is an entirely decentralize, open-source, permissionless protocol that operates on the Aurora chain. The protocol aims to provide an automated stablecoin mechanism, with
minimization of control and human influence, which brings decentralized and algorithmic
money to the entire space of the blockchain.

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Acala Launch of aUSD and KSM Snek Swap pools on Basilisk, a liquidity protocol built for Kusama. The Snek Swap pools enable Basilisk community members to access Polkadot and Kusama’s native stablecoin, aUSD, in a decentralized and permissionless manner and brings aUSD to a new Kusama parachain as its stablecoin of choice.

aUSD is a decentralized, multi-collateralized stablecoin backed by cross-chain assets, serving as the native stablecoin for the Kusama and Polkadot ecosystem. aUSD is designed to maintain a peg relative to the US Dollar, allowing users to transact, trade, and facilitate services using aUSD while shielding users from price volatility customary to the crypto asset economy.

Snek Swap is Live

BSX, aUSD and KSM holders can now trade:

1. BSX↔️aUSD
2. BSX↔️KSM

Each pool will be bootstrapped with 500M BSX (0.5% of the supply provided from the allocation for the LBP) and $11,111 worth of aUSD and KSM.

Access KSM and aUSD on Snek Swap using these links:

• Snek Swap: Trade or Provide Liquidity
• Trade using Snek Swap
• Become a Liquidity Provider

Acala Engineers Supporting Basilisk Infrastructure

The Acala engineering and product team has also supported our friends at Basilisk by building a custom bridge integration of Kusama to Basilisk, enabling Snek Swap users to bridge their KSM from the Kusama Relay Chain to Basilisk. The bridge can also be use to transfer BSX, aUSD or KSM out of the Basilisk chain & into Karura or Kusama.

About Basilisk and Snek Swap

Basilisk a liquidity protocol for the Kusama ecosystem. Enabling frictionless liquidity that meets the evolving needs of fungible and non-fungible crypto assets (NFTs). Basilisk’s modular design allows fungible assets to bootstrap liquidity by selecting convenient Automated Market Maker (AMM) models. The first version includes Snek Swap (XYK) pools, allowing users to buy and sell tokens or to become a liquidity provider and earn rewards from trades.

Snek Swap an AMM designed for the Kusama ecosystem, allowing users to transfer tokens utilizing XYK pools in a decentralized and permissionless fashion.

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About Acala

Acala a decentralized finance network powering the aUSD ecosystem. The core product, aUSD, a decentralized, multi-collateral, crypto-backed stablecoin serve 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.

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