Acala announces new staking program
- July 29, 2022
- 0
In early August, the Acala parachain project will launch a new staking program for ACA tokens. 
A new ACA staking schedule will be released next week! Acala network
In early August, the Acala parachain project will launch a new staking program for ACA tokens.
Acala network owners will earn ACA-aUSD LP tokens (liquidity provider tokens) by staking ACA, allowing users to earn ACA, aUSD and trading fees from network activity.https://t.co/Lgzb7spsug
— Acala (@AcalaNetwork) 28 July 2022
Users will be able to earn ACA-aUSD liquidity provider tokens. The asset allows you to buy stablecoins ACA, aUSD or pay trading fees.
The project team will allocate an excess of $200,000 in network reserves for the repurchase of tokens under the program. The income interest rate for the stake is based on the number of participants, it has no fixed value.
According to the statement, the ACA is a “non-inflationary” coin:
- provides transactions in USD and protects the Acala treasury;
- acts as collateral for a stablecoin issuance;
- allows you to participate in protocol management.
In the past day, the price of the coin has increased by 15.5% (CoinGecko) and is trading around $0.31.
Recall that in November 2021 the project won the first auction for the Polkadot parachain slot.
In March, Acala launched the $250 million aUSD Ecosystem Fund to promote the use of the project’s stablecoin.
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