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The Acala Network is a Polkadot (DOT) cross-chain DeFi hub where users can bet, trade, borrow, lend, earn, and more. Like all DeFi hubs, the Acala Network aims to provide an alternative platform to Ethereum (ETH) where users can access DeFi services and DApps without encountering scalability issues. Additionally, with Acala's micro-gas fee system, the network solves the problem of gas fee inflation and network congestion. As a result, users only have to pay a small fee when completing operations on the network.
The Acala Network uses the Honzon Protocol to provide stablecoin services.