Acala wins first Polkadot parachain auction with over 32M DOT staked -Breaking
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Acala (a Decentralized Finance (DeFi), protocol that operates on the (DOT), announced Thursday morning it had been awarded the award first-ever Polkadot parachain auction.
Acala raisedThrough an initial coin offer (ICO), which was structured like a Crowd-loan. Acala could eventually be required to reimburse investors for the DOT that it received from them since the proceeds of the sale are considered ‘crypto debt’. The DOT of users is locked during the term of the Polkadot rental agreement.
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