EUR/USD 1.17359
0.003%
Gold 3644.12
0.279%
Oil 62.263
0.402%
USD/JPY 147.580
0.248%
GBP/USD 1.35611
-0.088%
GBP/JPY 200.144
0.176%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
WHO: Ebola vaccination has begun in the Democratic Republic of the Congo. The International Coordinating Group on Vaccine Provision has approved the shipment of approximately 45,000 additional doses of Ebola vaccine to the region.On September 14, according to reports from the British newspaper The Guardian and other media outlets, the Pakistani military said on the 13th local time that Pakistani security forces raided two hideouts of the Pakistani Taliban. Fierce clashes broke out between the two sides near the Pakistan-Afghanistan border, killing 35 militants and 12 soldiers. The report said that Pakistani security forces killed 22 militants in the first raid in the Bajaur district of northwestern Khyber Pakhtunkhwa province. Another 13 militants were killed in another raid in the South Waziristan district of Khyber Pakhtunkhwa province.September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.

Acala and Anchor Protocols To Collaborate and Unite Terra and Polkadot

Cory Russell

Apr 14, 2022 10:56


微信截图_20220414102515.png


Together, Acala and Anchor want to expand Terra and Polkadot's stablecoin sector.


The cooperation will use the Acala protocol to create deep liquidity pools for aUSD and UST.


Anchor's stock has dropped 20% in the last two days, according to the news.


Stablecoins are one of the most important components of the DeFi sector, and Acala, the cross-chain DeFi protocol, plans to create a Decentralized Finance center for the whole Polkadot ecosystem with this new alliance, expanding the reach of these stablecoins.

Anchor and Acala

Anchor, the world's largest lending protocol, teamed up with Acala to revitalize the Terra and Polkadot ecosystems' stablecoin fronts.


Acala and Anchor will build up liquidity pools for TerraUSD (UST) and Acala's stablecoin (aUSD) on Acala as part of this agreement.


This will serve as a point of entry into the Polkadot ecosystem for UST holders. For each of these stablecoins, the platforms want to increase liquidity and yield potential.


Furthermore, with the Liquid DOT (LDOT) token and Acala's – carrying liquid staking derivatives – Liquid KSM, the Karura parachain will aid Anchor's collateral alternatives for UST (LKSM).


Users may acquire access to the Anchor yield by using these tokens, then depositing them as collateral to borrow UST on Anchor. They will be able to gain ANC incentives for borrowing while also being able to deposit their UST for a fixed rate.


According to the press release, the Terra environment will be presented to a whole new set of users from 'Dotsama' (Polkadot and Kusama).

Anchor And Charts 

While other cryptocurrencies have struggled over the previous few days, Anchor has had the worst week of them all. Anchor was the first to fall this week, falling 32% in three days. On April 11, the price dropped by 19% in a single day.


Recovery from this drop will take time since the Relative Strength Index (RSI) is still in the bearish-neutral zone, and a sustained rebound will need a break into the bullish zone.

Suggestion