On September 19, Acala was formally selected as the Chicago DeFi Alliance (Chicago DeFi Alliance, CDA) accelerator, aiming to help Acala build, deploy and expand it to become the most important DeFi center in the Polkadot ecosystem. In the future, Acala will unite several traditional financial trading companies, traditional brokers, VCs, digital asset funds, high-net-worth financial customers (HNW), various top DeFi projects and other alliance members in the alliance to build a new global DeFi market. The alliance will launch a series of liquidity incentive programs (Liquidity Launchpad program) to deconstruct the game rules and competitive landscape of the traditional financial market.
About DeFi Alliance
About the Chicago DeFi Alliance (CDA)
*source：DeFi Alliance
The Chicago DeFi Alliance (CDA) was jointly established by TD Ameritrade, Cumberland, CMT Digital, DV Trading and Jump Capital, as well as the well-known venture capital Volt Capital and the leading DeFi project Compound.
Among them, Jump Trading, CMT Trading and DRW Trading are all well-known local proprietary trading companies, Volt Capital is a well-known Silicon Valley digital asset fund, and TD Ameritrade is a well-known securities firm in the United States, and Compound is also a Silicon Valley VC Joining them, the alliance member Arca is composed of A16Z, DCG, Coinbase and other institutions, and has registered with the United States Securities and Exchange Commission (SEC) to issue Arca US Treasury Fund (Arca US Treasury Fund).
According to reports, the Chicago DeFi Alliance (CDA) represents the strongest alliance in the DeFi field, whether it is technology research or market worldwide. Prior to this alliance's DeFi projects Compound, KNC, ZRX, SNX, LEND, etc., all set off a DeFi boom in the market for a while.
Acala x DeFi Alliance
Stand out
As the most important financial infrastructure in the Polkadot ecosystem, Acala was selected from more than 100 applications to be selected by the Chicago DeFi Alliance (CDA), becoming one of the twelve teams in the second group of the accelerator . We will work with the following high-quality DeFi project teams to carry out innovations in the field of decentralized finance: Pods, Paraswap, Saddle, Notional, Tokenlon, Vega, Derivadex, Perpetual, Loopring, Deversifi and Mcdex.
*source：DeFi Alliance
Previously, the establishment of the Chicago DeFi Alliance (CDA) helped many current top DeFi teams, including 0x, dYdX, Kyber Network, IDEX, Open, SetProtocol, and Synthetix. The Chicago DeFi Alliance (CDA) will help start-up teams from six aspects: product design, liquidity, capital, technology, strategic development, resource docking, and compliance, to connect with traditional financial experts and resources, and focus on helping DeFi product design liquidity mining And introduce liquidity providers to improve system liquidity , allow DeFi to quickly enter the mainstream financial market, deeply tap the potential of alliance members, and achieve a strong alliance.
Acala looks forward to in-depth discussions and learning with excellent alliance members this time. The current excellent alliance members include leaders in different vertical fields of the global blockchain market, such as Jump Trading, DRW / Cumberland, CMT Digital, Volt Capital, Alameda Research, ParaFi, Spartan Group, Framework Ventures, Gauntlet, Aave, Compound, Kyber Network, Synthetix, etc. cover most of the market trading companies, venture capital, legal experts and accelerator alumni.
Acala x liquidity incentive
Hand in hand to deconstruct the game rules and competitive landscape of the traditional financial world
*source：CoinDesk
Currently, the Chicago DeFi Alliance (CDA) and the decentralized lending project Teller Finance have launched the Liquidity Launchpad program, which aims to lead the new industry game rules, inject institutional liquidity into the DeFi agreement, and reduce the use of DeFi by users Product threshold. Acala is very pleased to be able to participate and contribute to the ecosystem together. Thanks again to the Chicago DeFi Alliance (CDA) for providing such an opportunity.
According to CoinDesk's "This DeFi Group Wants to Bring Maturity to the Yield Farming Craze" article, although the start-up team obtains market access qualifications and capital from the secondary market, the secondary market is composed of many diversified investors than traditional venture capital. Will be more rational. Therefore, the Chicago DeFi Alliance (CDA) hopes to use this program to help many secondary market investors use the DeFi system to earn income and get rid of the dependence on traditional ROE (Return on Equity) income. At the same time, the start-up team uses the funds for income verification and opens a lock-up period for institutional participants. If investors believe that the DeFi project can bring substantial benefits and sustainable development, it will accept the lock-up period and other new game rules and run it for a long time. In any case, it will use the advantages of scale to form considerable arbitrage benefits.
At present, traditional financial models such as excess mortgage lending, derivatives, insurance, and wealth management will open new stories in the field of open finance. DeFi "traditional financial innovators" are also being verified by the market and deeply rooted in the hearts of the people. Previously, liquidity incentives maintained for several months accelerated the development process of DeFi, but the emergence of imitation disks and thunderstorms made the DeFi market involute. “Sometimes, if you have a good product on the market but don’t know how to cater to the market, it appears to be incompatible with the hyped project.” The report by Qiao Wang, partner of the Chicago DeFi Alliance (CDA) also explained the current social media’s public opinion orientation. Many hyped DeFi projects are more "gold" instead of allowing many promising financial startups to occupy the market. This plan will also accelerate the end of the DeFi market bubble.
■ Security Notice
Recently, there have been scam groups selling Acala-related token assets in the market, and they have confuses the audience in the market to cheat. At present, it has been found that scammers have issued ACA on platforms such as Uniswap to defraud users of ETH.
Hereby declare
Acala has not issued any tokens, and you cannot purchase Acala tokens at this time. Any transaction, giving, or mapping transaction is forged. Please refer to the only official channel (Twitter, Medium, WeChat official account) for all token related distribution and other news. Please be alert and tell each other to avoid being deceived. If you find a scam, please report it to the Acala team.
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About Acala
Acala —— The world's first decentralized open financial alliance, Polkadot Eco-Financial Center, aims to create an open financial framework with the Polkadot ecosystem to bring financial stability, liquidity and accessibility to global encrypted assets. Core Layer 1 modules such as the cross-chain multi-asset mortgage stablecoin Honzon protocol, the Homa protocol for releasing Staking asset liquidity, and decentralized exchanges have been launched. At present, Acala has received official financial support from the Web3 Foundation, and has received investment from several world-renowned institutions including Polychain, Pantera, ParaFi, Hypersphere, DCG, Coinfund, 1confirmation, Hashkey, KR1, etc.