What is Acala liquid staking?

As liquid staking gradually gains popularity, Acala is creating innovative ways for users to stake their tokens, maximize profits, and optimize their usage flexibly. Blockdaemon is helping to secure the growth of Acala liquid staking as users earn their staking rewards.

How does staking work?

Staking locks up your assets to participate and help maintain the security of that network’s blockchain. In exchange for locking up your assets and participating in the network validation, validators receive rewards in that cryptocurrency known as staking rewards.

How does blockdaemon help with Acala liquid staking?

Blockdaemon is helping to secure the growth of Acala liquid staking as users earn their staking rewards. With these duo handling liquid staking, users can be sure of no downtime and no loss of staked tokens or rewards.

What is Acala & how does it work?

Acala provides backend infrastructure for traditional finance that is trusted by institutions like Coinbase, Figment, and Current.com. Acala’s application-specific blockchain (appchain) has built-in tools like a DEX, DOT liquid staking, and the aUSD over-collateralized stablecoin. Leverage these tools and native liquidity as a developer.