Polkadot DeFi Darling Acala Has Gathered Over $600M and Counting

Posted on by American Coins & Gold

Polkadot DeFi Darling Acala Has Gathered Over 0M and Counting
Polkadot decentralized finance (DeFi) platform Acala has got the crowd behind it.The much-anticipated auctions to win places building on the Polkadot blockchain system start on Thursday, and so far Acala has already gathered some $608 million worth of DOT tokens  – or more than 12 million DOT – at the time of writing, or about 1.1% of total DOT in circulation.In the spirit of decentralization, it’s the community of DOT token holders who decide which projects will be able to lease a parachain slot. Token holders do this is by lending their DOT to a project – hence the term…