Binance has listed Acala token and Anchor protocol

So far, three currency pairs involving the token are available on the platform

26.01.2022 - 12:35

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What’s new? The Binance cryptocurrency exchange has listed a new altcoin project in the Polkadot ecosystem, as well as another Terra-based crypto asset. Binance says in a blog post that it has listed Acala (ACA), the Ethereum-compatible smart contract platform, and the Polkadot parachain.

Information on the Binance blog

What is known about the Acala blockchain? It has built-in decentralized finance protocols that the application developers can use, including their own Acala Dollar (aUSD) stablecoin. The Acala network is an EVM-compatible DeFi smart contract platform, which operates as the Polkadot parachain.

At the time of writing, the ACA has been trading for about a day. The asset is currently trading at a price of $1,99 after starting at $2,40, and the platform offers three currency pairs involving it.

What else has the exchange done? On the same day a few hours later, Binance announced the listing of Anchor, a lending and borrowing protocol on the Terra blockchain.

Anchor aims to provide low volatility returns on deposits in Terra stablecoins, with the rate supported by a diversified stream of bet rewards from other major blockchains. The Anchor protocol will allow depositors to have stable deposit yields as well as instant withdrawals.

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