Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 22, 2021, 11:36:43 PM
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Banking app Current has announced a collaboration with Acala, a decentralized finance (DeFi) platform build on the Polkadot (DOT) blockchain.
New York-based bank Current was created to provide services to Americans overlooked by traditional banks. This morning, Current announced a partnership with Acala, a DeFi platform built on the Polkadot blockchain network.
Current states that the collaboration is the first of its kind and will establish a new hybrid finance (HyFi). The new hybrid will combine both traditional and decentralized financial apps.
Acala being their all-in-one DeFi network to the pairing that offers a blockchain platform secured by Polkadot. Additionally, as a suite of cross-chain financial apps, Acala users can trade, issue self-serviced loans, become liquidity providers of their own, access staking derivatives, and enjoy high-interest APY on digital assets. Source (https://cryptonews.net/673552/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)