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Oma🅡 - ✤ - ⓟ Profile picture
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13 Oct, 7 tweets, 2 min read
With parachain auctions approaching and @AcalaNetwork, one of the most powerful defi ecosystems, is aiming to win the first one on November, Here is an explanation of how the protocol works and the utility for $ACA.

👇👇👇Time for a thread👇👇👇
@AcalaNetwork is a defi hub for polkadot. It’s a platform optimised specifically for defi, It contains some native defi applications built by Acala and it allows other defi applications to be built on top of it. It’s basically an L1 for Defi.
So basically Acala is launching with an already built in set of applications that are considered the tenets of Defi. These application are:

✅ Acala swap: It's an AMM type decentralized exchange that supports cross-chain assets with the ability to pay gas using any asset.
✅ The Honzon protocol: A borrowing market for the aUSD, the Acala stablecoin. Users could deposit any asset as collateral including BTC and ETH. aUSD is meant to become THE stablecoin for the polkadot ecosystem.
✅ Homa - Liquid staking: A product that unlocks the liquidity of the staked $DOT. when a user stakes $DOT, she earns rewards and at the same time she receives LDOT which could be deposited as collateral to mint aUSD and participate in other Defi protocol.
$ACA token utility:
🔥 Transaction fees
🔥 Node Incentivization
🔥 Governance
🔥 Algorithmic Risk Adjustment for risk parameters, interest rates and liquidation rate.
🔥 Pallet Deployment
🔥 Smart contract Deployment
@AcalaNetwork are also building Acala EVM: A fully EVM compatible that allows developers to deploy EVM-based applications onto Acala with minimal changes, This is access to a huge amount of TVL currently on Ethereum.

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More from @OmarReserved

Oma🅡 - ✤ - ⓟ Profile picture
14 Oct
#DMAS has been confirmed to launch on Monday, October 18th. It’s one of the most anticipated events by the $ZCX community as I expect a lot of $ZCX to be locked.



Things to keep in mind as we are getting closer:

1/5
#DMAS will not launch with all the pools at once, the launch will be progressive and pools will increase as the team will proceed with public testing of the #DMAS on Mainnet.

This is the best way to make sure the smart contracts can handle the flood of $ZCX to be staked.

2/5
Private sale investors which have their $ZCX locked will also have the ability to use $DMAS.

They will be given ZCXHT which is 1:1 with $ZCX, This ZCXHT could be used exclusively on #DMAS, it doesn’t have any utility outside. It cannot be traded.

3/5
Read 5 tweets
Oma🅡 - ✤ - ⓟ Profile picture
13 Oct
After yesterday's presentation on @AcalaNetwork crowdloan, I see a lot of questions popping up regarding the option 2, where you get lcDOT and $ACA.

Allow me to explain this option.👇
By choosing option 2 when you participate in the @AcalaNetwork crowdloan, you get 2 tokens, $ACA the native token of Acala Network and lcDOT.

LcDOT stands for liquid crownloan $DOT and it's meant to solve the liquidity problem of $DOT.
When you contribute to the crowdloan, your $DOT is locked for 2 years. It's sitting in the polkadot relay chain and basically doing nothing.

So the idea behind lcDOT is to get access to this early liquidity and continue to use your $DOT during these 2 years.
Read 6 tweets
Oma🅡 - ✤ - ⓟ Profile picture
11 Oct
I have been looking into $UFO and been impressed by what they’re trying to build. I’m really bullish on this one and I really think you should pay attention if you haven's already.

👇👇👇Here is why👇👇👇
Before getting into details, keep in mind that $UFO is and will always be at the heart of everything that’s happening within the ecosystem.

Let’s describe how this works from a player perspective for Super Galactic, The first game within the platform.

1/9
The player needs to stake $UFO or $UFO / $ETH LP the Super Galactic staking DAPP, called the cosmos, to earn Plasma Points.

These plasma points are used to mint NFTs, UFOeps, which are mandatory to play the game.

2/9
Read 11 tweets
Oma🅡 - ✤ - ⓟ Profile picture
26 Sep
With the public sale coming up next week, I think $AZERO should be your main focus for this month.

Here is why?

Time for a Thread

1/15
@Aleph__Zero are building an L1, proof of stake, public blockchain with privacy focus.
It’s a DAG-based platform that’s scalable, private, and developer-friendly.

2/15
The current consensus algorithms are still vulnerable to attacks and can never be 100% secure, The probability of such attacks happening reduces as the network grows but never reaches 0%.

3/15
Read 15 tweets
Oma🅡 - ✤ - ⓟ Profile picture
19 Sep
You might be wondering why $KDA is pumping after it has been ignored for quite some time.

Let me tell you about its fundamentals so you understand why this L1 has a very promising future in my opinion.

1/7
PoW has a very bad reputation in terms of scalability. You might have read about bitcoin scalability problems and L2 solutions to make bitcoin scalable. Well $KDA found a way to scale a POW blockchain by combining multiple chains together. Their blocks are interconnected...

2/7
...and by using graph theory, there a minimum number of chains each chain has to be connected to which makes the whole $KDA blockchain highly scalable.

3/7
Read 7 tweets

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