Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot.   Acala is one of the strongest project in Polkadot ecosystem that is projected to win one of the first 5 parachain auctions. First, parachain will start on November 11, 2021.   Acala will distribute its ACA tokens as a reward to users who contribute DOTs to their crowdloan. Main things to know about Polkadot crowdloan:   Your DOT is locked for approximately 2 years. (You don't lose it, it is just not liquid) You contributing your DOT to a project and in return project rewards you with its native token.   What makes Acala different from other parachain candidates is that Acala offers liquid staked DOT which means that if you contribute to Acala and Acala wins the parachain slot, they will offer you lcDOT in return to each DOT you contributed. So, this way you can sell your lcDOT any time and bypass 2 years of DOT locking period.   

How does Liquid Crowdloan DOT work?

1. Contribute DOT to the Liquid Crowdloan Vault managed by Acala, and receive two tokens after launch. 2. Receive Acala (ACA) tokens, your share of the network. The more DOT you lock, the higher the rewards. 3. Receive Liquid Crowdloan DOT (lcDOT), a liquid token representing your locked DOT. 4. lcDOT lets you access the underlying DOT liquidity. Swap, use as collateral to mint aUSD, and more. 5. In 2 years, you can use lcDOT to redeem the underlying DOT locked in the Acala crowdloan.  

Join me in supporting @AcalaNetwork, the DeFi Hub of @Polkadot, to win the first-ever parachain slot auction! 

Contribute now to earn ACA & get your piece of the network: https://acala.network/acala/join-acala/0xccd0db8166ad31083c776d975d2af97ea95bf0cdd14a55742a180a95cc85ab54

Acala referral code:0xccd0db8166ad31083c776d975d2af97ea95bf0cdd14a55742a180a95cc85ab54.  (Gives you extra 5% ACA rewards)