According to PANews, Acala, a financial hub within the Polkadot ecosystem, has released a new technical roadmap, outlining the necessary steps to provide multi-chain services to its users. The release of the Sinai Upgrade, a significant development in the Acala 2.0 plan, aims to broaden the overall Web3 financial perspective. This upgrade is designed to enhance the platform's multi-chain capabilities, setting new standards for decentralized finance (DeFi) on Polkadot and any L1, L2, L3 layer chains.
The focus of the Sinai Upgrade is on multi-chain integration, introducing advanced one-click multi-chain cross-stack DeFi features, enabling seamless interaction for users in different chain environments. This feature utilizes advanced technologies including XCM (Cross Consensus Message Passing) and Wormhole, allowing users to easily participate in activities such as staking, providing liquidity, and lending across major blockchain platforms like Polkadot, Ethereum, Solana, and any chosen network.
To further enhance its ecosystem, Acala has introduced an open governance upgrade, empowering its community with the right to directly participate in governance decisions. This democratizes the process of ecosystem evolution, allowing users to influence treasury management, DEX listings, and more, creating a transparent and inclusive community environment.
The Sinai Upgrade also addresses the critical need for security in the ever-expanding multi-chain domain. The launch of Sentinel and asynchronous support enhances security and increases transaction throughput, ensuring Acala remains at the forefront of blockchain performance.
Accompanying these technological advancements, the Sinai Upgrade has completed the aSEED path, promoting a stable and fair conversion and redemption process for aSEED. This includes establishing clear redemption standards, promising a fair and transparent framework for remaining aSEED holders, reflecting Acala's commitment to maintaining trust and stability in its community.
Acala CTO Bryan Chen stated, 'The Sinai Upgrade demonstrates Acala's commitment to enhancing the DeFi ecosystem through powerful multi-chain solutions. As a native Polkadot platform, we have a unique advantage in leading the way towards a more interconnected and efficient blockchain universe.'