Thread by @BTPIntern

❌ Algorithmic stablecoins
✔️ Over & multi-collateralized stablecoins

This intern loves $aUSD.

Here's how @AcalaNetwork can take it beyond @polkadot and @kusama, increasing the accessible active user base from 1 to 15+ million users.

#acala #AUSD #Polkadot

@AcalaNetwork @Polkadot @Kusama $aUSD is uniquely interoperable by nature, meaning it can transferred cross-chain to any parachain on Polkadot or Kusama.$aUSD can also be trustlessly integrated by any Polkadot or Kusama parachain DApp.

@AcalaNetwork @Polkadot @Kusama This is made possible by @polkadot and @kusama's #XCM, a is fully on-chain internal messaging protocol realizing the vision of "shared security".

Thanks to XCM $aUSD can become the defacto stablecoin of @polkadot and @kusama. But what about using $aUSD outside the #DOTSAMA? 🤔

@AcalaNetwork @Polkadot @Kusama Enter #BTP and @icenetwork_io.

Through BTP, Polkadot users will be able to extend any token or smart contract beyond DOTSAMA as securely as if they were using XCMP.

In other words, BTP can be considered Polkadot’s portal to infinite on-chain bridging.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io The implications of this shouldn’t be understated. Through BTP, @polkadot and @kusama will be the first network to have fully on-chain intraoperable AND interoperable bridging, providing massive advantages in both security and functionality.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io Without BTP, $aUSD would be confined to the Polkadot community. Through BTP, however, aUSD can be made usable by #BinanceSmartChain, #Algorand, #Harmony and many more.

The result of this connectivity is a flow of Polkadot’s tokens into liquidity pools and exchanges.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io Conversely, BTP will allow @AcalaNetwork's DeFi platforms to import tokens from all the different BTP partners, giving users a massive boost in yield farm aggregating options and cross-chain collateral loans.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io As always: more use means more value. Overall, BTP has the potential to increase $aUSD’s accessible active user base from 1 million to 15+ million and accessible DApps to over 500, all without the risk of off-chain transactions.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io The connection to Binance Smart Chain ($BSC) alone represents a massive user pool, setting the record for 2.1 Million active users in one day.

@AcalaNetwork @Polkadot @Kusama @icenetwork_io To Recap:

-XCM-BTP connection is launching soon. $aUSD is a coin set to benefit.

Short term: a massive boost of interoperable transactions and users as bridging to the million of BTP network accounts begins.

Longterm: BTP-XCM will be fundamental to the blockchain economy.