Acala’s aUSD Stablecoin to be Integrated on Injective’s Polkadot-based Derivative Products

Acala’s aUSD will provide a stable asset used to collateralize Polkadot-based derivative products on Injective, expanding opportunities to create even more derivative products and use cases for aUSD.

Acala and Injective, both Pantera Capital portfolio projects and DeFi Alliance members, will work together to integrate the Acala Dollar (aUSD) into Injective’s derivative trading ecosystem. The integration of aUSD will provide a stable asset that can be used to collateralize Polkadot-based derivative products on Injective. This also expands opportunities for us to create new derivative products alongside Injective, further increasing the use cases for aUSD.

Injective is a layer-2 decentralized exchange protocol that unlocks the full potential of derivatives and DeFi. Injective’s platform enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market. The Injective Chain currently provides a two-way Ethereum peg-zone for Ether and ERC-20 tokens to be transferred to the Injective Chain as well as an EVM-compatible execution environment for DeFi applications. The core consensus is Tendermint-based, but Injective’s multi-chain strategy is taking them to the Polkadot ecosystem as they plan to build on top of a parachain.

Injective has begun the process of introducing aUSD to its Solstice Pro network. You can try out their Solstice Pro platform on testnet today. For instructions on how to do so, follow their guide below:

Solstice Testnet Walkthrough Welcome to Injective’s Solstice Testnet! medium.com

We will keep the community updated on the progress of Injective and their integration of the Acala Dollar. Until then, please follow both teams via any of the links below.

About Acala

Acala is the decentralized financial hub and stablecoin of Polkadot that makes it fast and easy to use or build financial applications, improving trading efficiency and saving time. The platform offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets like Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity and power financial innovations. Acala is the de facto open platform for finance applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security.

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About Injective

Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

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