Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch.
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Another depeg — Acala trace report reveals 3B aUSD erroneously minted
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool.
Network and token freeze after Acala exploit raises questions
The Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.
Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19
Acala was victorious in Polkadot’s first parachain auction, Iota announced its staking network, and Uniswap liquidity providers lose money — all coming to you in this week’s Finance Redefined.
Acala wins first Polkadot parachain auction with over 32M DOT staked
The upcoming Polkadot DeFi hub raised nearly $1.3 billion in its token ICO from approximately 25,000 contributors.
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development.