Acala Token

September 21, 2020Written by <a href="https://medium.com/u/8d475d21e811?source&#61;post_page-----c1526008963e--------------------------------" rel="noopener noreferrer nofollow">Bette Chen</a>Acala is honored and thrilled to be one of twelve teams selected for<a href="https://medium.com/&#64;lmrankhan/defi-alliance-announces-cohort-2-liquidity-launchpad-5bbaf76cde32" rel="noopener noreferrer nofollow"> the second cohort of the Alliance DAO accelerator program</a>, out of more than 100 applications. We are joined by the following teams innovating in the decentralized finance space: Pods, <a href="https://paraswap.io/#/" rel="noopener noreferrer nofollow">Paraswap</a>, Saddle, Notional, Tokenlon, Vega, <a href="https://derivadex.com/" rel="noopener noreferrer nofollow">Derivadex</a>, Perpetual, <a href="https://loopring.org/#/" rel="noopener noreferrer nofollow">Loopring</a>, Deversifi, and <a href="https://mcdex.io/" rel="noopener noreferrer nofollow">Mcdex</a>.Alliance DAO&#39;s inaugural cohort hosted some of the top DeFi teams including 0x, dYdX, Kyber Network, IDEX, Opyn, Set Protocol, and Synthetix. The program helps connect the cohort participants with a network of experts and resources, with a particular focus on designing liquidity mining programs and onboarding liquidity providers to bootstrap liquidity.We look forward to learning from the mentors and Alliance members including firms such as Jump Trading, DRW/Cumberland, CMT Digital, Volt Capital, Alameda Research, ParaFi, Spartan Group, Framework Ventures, Gauntlet, Aave, Compound, Kyber Network, Synthetix, Mechanism, and many other trading firms, venture investors, legal experts, and alumni of the accelerator program.Alliance DAO also launched a potential game-changer Liquidity Launchpad program, partnering with <a href="https://finance.yahoo.com/news/teller-finance-announces-october-launch-130000981.html" rel="noopener noreferrer nofollow">Teller Finance</a> to source institutional liquidity for DeFi protocols and lower barriers for wider consumers to access DeFi products. Acala is excited to partake and contribute to growing the ecosystem together, and thanks to the DeFi Alliance team for such an opportunity.About AcalaAcala is the decentralized financial hub of Polkadot that makes it fast and easy to use or build financial applications, improving trading efficiency and saving valuable 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, security and financial optimizations.About Alliance DAOThe <a href="https://alliance.xyz/" rel="noopener noreferrer nofollow">Alliance DAO</a> was jointly founded by TD Ameritrade, Cumberland, CMT Digital, DV Trading and Jump Capital, plus venture capital firm Volt Capital and the DeFi startup <a href="https://www.coindesk.com/defi-startup-compound-finance-raises-25-million-series-a-led-by-a16z" rel="noopener noreferrer nofollow">Compound</a>. Read about Alliance DAO in <a href="https://www.coindesk.com/chicagos-trading-firms-look-to-defi-with-new-alliance" rel="noopener noreferrer nofollow">CoinDesk</a>.

Acala Selected for the Alliance DAO Accelerator to Help Build, Deploy, and Grow the DeFi Hub of Polkadot

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