The trading competition between @Acala and Fufuture is ongoing. A leaderboard will soon be available, allowing participants to track their positions and rankings.

Currently, you can trade $BTC / $ACA and $ETH / ACA pairs, with LDOT expected to be added soon.

Here’s how it works: participants can deposit ACA as collateral to long or short the price of #Bitcoin or #Ethereum

Additionally, the platform offers a public pool where users can provide liquidity and earn a portion of trading fees. This option may appeal to those who prefer not to trade actively but want to engage with the platform. While the exact APY may vary, you can check the platform for more details.🚀🚀

Yesterday, December 16th, 2024, Nemo, the first memecoin on @Acala officially launched and is now available on Acala Swap, adding another utility for $ACA
Since its launch, Nemo has seen an 800% increase, which is noteworthy.

Acala is built on #Polkadot
Nemo on Acala 🔥

I’ve been following the market closely and have taken a keen interest in $ACA .
The #Acala ecosystem, along with the broader $DOT ecosystem, continues to grow steadily. If you take a look, you’ll notice numerous proposals coming in, with many interesting ones being passed in Acala. This progress signifies a lot for the ecosystem’s development and liquidity. I’m in for the ride! 🚀🔥

@Acala continues to innovate within the #polkadots ecosystem, and I’m thrilled to share the latest development. NEMO, the first MemeCoin on Acala, is making its debut on AcalaSwap! Few days ago a proposal was made to add Nemo - $ACA trading pair on AcalaSwap to make it tradable. The governance vote has successfully passed, opening the way for NEMO to become a part of AcalaSwap in the coming days.

Key Highlights:

• The NEMO-ACA trading pair is set to go live on AcalaSwap in few hours.
• A portion of NEMO tokens will support the #ACA liquidity pool, enhancing liquidity and providing more trading opportunities for the community.

There’s an Exclusive Airdrop Opportunity to Acala NFT holders to have a reason to celebrate! Verified holders will receive 0.06% of the total NEMO supply, distributed directly to their wallets.
There’s no extra steps required, a total of 36 holders will benefit from this initiative.

Keep a lookout for more updates as NEMO prepares to go live!

Previously, I mentioned that the @Acala x Fufuture trading competition is live. Here’s a closer look at how you can get involved if it piques your interest.

Competition Duration:

This exciting event kicked off on December 5th and will run until January 5th, giving you a full month to participate.
Rules of Participation:

To join, you’ll need to trade perpetual options on the Fufuture platform using $BTC - $ACA or $ETH - #ACA as the underlying assets.

Here’s what it takes to qualify for rewards:
Top 3 positions: A trading volume with a margin of at least 50,000 ACA.
Ranks 4 to 10: A trading volume with a margin of at least 10,000 ACA.

Key Details You Should Know:

Rankings are refreshed every hour so you can keep an eye on your progress.
Once the competition ends, results will be reviewed, and the winners will be announced within 5 business days. Rewards will then be sent out within 7 business days after the announcement.

If this sounds interesting, look it up in the Acala community for more details and get started. Good luck🚀

The first MemeCoin on Polkadot will soon launch on @Acala with a portion of the tokens allocated to the $ACA liquidity pool which is an exciting development.
The Acala trading competition on Fufuture is now live, offering attractive rewards. A few weeks ago, I shared a post about their partnership with Fufuture, and now the trading competition is officially underway.
It runs from December 5th to January 5th, allowing participants to trade $BTC - #ACA and $ETH - ACA pairs.
Exciting developments are unfolding in the Acala ecosystem, and it’s incredible to witness them🚀😁

$ETH is on the rise, and liquidity is flowing into ALTs. Could this be the start of ALT season? 😁 I’m curious to see what’s ahead for $ACA especially with its recent upward movements.

A few weeks ago, Acala partnered with Fufuture, a platform enabling traders to open positions based on $BTC and ETH movements. There was also a test campaign where I tested with ACA and LDOT test tokens.
Now 📈, it seems a trading competition is on the horizon, along with an upcoming token burn both of which are absolutely exciting developments in @Acala ecosystem.

Acala’s TVL has been on the rise, and its market cap recently peaked at $166M but currently at $117.55M. Acala is built on Polkadot and with $DOT performing well there’s potential for $ACA TVL to climb even higher if the momentum continues. This has me feeling super bullish about what’s ahead.

Wishing everyone a fantastic final month of the year

Few days ago, I shared an update on the TVL of the Acala LDOT - $JTO pool, which stood at $859.42k.

Today, that pool has surpassed $1M in TVL, a remarkable milestone! This growth directly impacts the APY, which is now at an impressive 86.29%.

Personally, I prefer staking my LSTs rather than leaving them idle in my wallet. Acala continues to raise the bar in decentralized finance.
Personally, I prefer staking my LSTs rather than leaving them idle in my wallet. Acala continues to raise the bar in decentralized finance.

The JitoSOL and LDOT-JitoSOL pools on @Acala Euphrates are showing strong performance with impressive metrics:

TVL for $JTO pool: $262.98k
TVL for LDOT-JitoSOL pool: $859.42k

These pools have been performing well. The LDOT-JitoSOL pool went live a few days ago. Check the image below for the reward percentages and stay updated on their progress.
Also keep an eye on $ACA 👀

Acala is among the top protocols with the highest 7-day growth in monthly active users. Also the votes on the proposal for the first memecoin on the Acala Network is nearing its conclusion, with just a day hours left. It's an intriguing development, and I’m looking forward to seeing the outcome.
Here are exciting times in the Acala ecosystem!

More developments🚀
More developments🚀
More utility
More liquidity
Big ups for $ACA

I’ve always believed $ACA has the potential to hit a new ATH, and the signs are becoming clearer. Just a few days ago, $ACA surged by 100%, and while a retracement followed which is normal in the crypto space. It showed strong performance with 28% increase few hours ago.

Exciting developments are happening within the Acala ecosystem. A #meme_coin might soon make its debut on the Acala Network, marking a significant milestone as the first memecoin on the network. This could spark a 'meme season' in the ecosystem, possibly driving a meme supercycle.

The proposal for this is currently under community voting, and the sentiment so far leans toward approval. If passed, it will enhance liquidity more and bring new utility to the Acala ecosystem. Keep an eye on this, it’s an exciting time for Acala!

$BTC continues to reach new ATH, and a $100k
milestone seems within reach!🚀

Meanwhile, the Acala ecosystem is heating up. If you've seen my previous post, you know about the ongoing Acala x Fufuture test trade campaign, which ends today, November 21st. The main launch of the platform is set to happen next week or possibly even sooner! With this platform, you can open trades based on your predictions of #BTC and #ETH price movements. It's not only engaging but also offers opportunities to earn extra $ACA rewards.

Additionally, the new LP pool ( LDOT-$JTO ) which went live recently is performing well. The rewards are impressive, and a detailed guide on how to participate is available on Acala. This pool allows users to swap between LDOT and JitoSOL on the Acala DEX, providing a reliable and efficient liquidity option.

Acala is making rapid progress, adding more use cases and liquidity to its ecosystem. It's an exciting time to be part of this journey.

$ACA is up 100%, showing remarkable performance. With the ongoing developments in the Acala ecosystem, many are observing its growth closely. Acala serves as the liquidity layer of DeFi and has a unique utility.
The ecosystem's focus on sustainability and community-centric initiatives has been a key highlight🔝

Trading of ACA will soon go live on fufuture, allowing users to open positions based on #ETH or $BTC movement. For now, we’re still testing and this test phrase is ending on the 21st of November.
Stay informed and always do your own research.

Acala, as the Liquidity Layer of DeFi, continues to grow with increasing $ACA staked, helping secure the ecosystem.
I’ve been exploring staking on the platform and testing on the Fufuture trading platform for $BTC / TACA, which is still ongoing.
The new LP pool [ LDOT - $JTO ] is live, adding liquidity and fueling ecosystem growth

$BTC has hit a new ATH🚀

Acala partnered with Fufuture few days ago and are having an ongoing trading campaign and positions are opened based on BTC and $ETH movement.📈

Definitely trying that out with the test tokens from the faucet and I’m going long cos I’m bullish on BTC kinda wish I tested that last week😁

Let’s see if I win some $ACA

It’s looking like upward season! 🚀
In my view, $ACA is showing strong momentum, and the $JTO - LDOT liquidity pool is live with some appealing APR. Personally, I'm happy with how things are shaping up, but remember, always DYOR
We flying💎

The LDOT - $JTO liquidity pool has launched, adding more flexibility and liquidity options within the $ACA ecosystem. I’m excited to explore more flexibility and liquidity options!

A few hours to go, and $JTO and LDOT pool bootstrap has reached 165.59%.
The launch of the LP pool is coming up, with an anticipated APR that's looking promising (as shown in the image).
With these developments, the $ACA ecosystem is set for exciting activities ahead🔥

Soon the Acala Network will be introducing a new upgrade to its Euphrates App, a liquid staking platform. This addition aims to enhance liquidity on the Euphrates App and enable trading for $JTO and LDOT tokens, providing more DeFi opportunities with added incentives and expanding the integration of JitoSOL.

Currently, the $JTO and LDOT bootstrapping phase is live, working toward reaching the target liquidity goal before the deadline (as shown in the image below). Once this is achieved, the LP pool will launch automatically, potentially offering APY rewards for early liquidity providers.

This upgrade is expected to increase liquidity for $ACA and bring super cool opportunities in Acala's DeFi ecosystem 🔥