The blockchain infrastructure platform-as-a-service company Bison Trails has announced that the firm will support Acala, a DeFi hub for Polkadot, and Acala’s sister protocol Karura providing a DeFi network for the Kusama community.
Acala will launch its built-in protocols, including a trustless liquid-staking derivatives protocol, a multi-collateralized stablecoin (aUSD) backed by cross-chain assets, and a decentralized AMM exchange. Besides, Acala is Ethereum-compatible with gas fees payable in any token.
Acala and Karura Gain Tap Bison Trails
Support will be launched for Karura by Bison Trails this month in order to operate the boot nodes used to bootstrap the Karura network in its early launch stages.
The support for Acala will be added once the protocol launches on mainnet after winning a para chain slot auction on Polkadot later in 2021. The development program is ongoing.
The blockchain will offer enterprise-grade collator infrastructure for Karura and Acala which will help secure the network in the early stages.
New Ways to Run Collator Infrastructure
As the network matures, Acala ecosystem partners will be able to run collator infrastructure on Bison Trails.
Speaking about the new partnership, Ruitao So, the Co-Founder & CEO of Acala and Karura said:
“This month, Karura’s global network of supporters contributed over 500,000 KSM tokens, equivalent to over $100M, in a crowd loan; representing community demand for interoperable, decentralized finance products. We are excited to work with Bison Trails to help grow Karura and Acala and enable us to bring an ever-growing suite of DeFi services to our community members.”
Acala will be launching with 15 to 20 collators, which are authorized by the Acala Foundation.
Also, the Acala Foundation will put supervisors in charge of the development for both networks during their early stages. Acala’s goal is to transition from an authorized collator set to a public collator-based model.
