TechFlow News – Acala, the Polkadot DeFi platform, has announced a partnership with Anchor Protocol, Terra’s fixed-rate protocol, to enhance the decentralized stablecoin space across the Terra and Polkadot ecosystems.
Initially, Acala and its Kusama-based parachain Karura will help Anchor expand the collateral options for its UST stablecoin by leveraging Liquid DOT (LDOT) and Liquid KSM (LKSM).
Acala and Anchor will focus on creating highly liquid pools for aUSD on Acala and UST. This will serve as a gateway for UST users to access the Polkadot ecosystem. Both parties also plan to pursue further integrations and deployments across the Acala and Terra ecosystems.
Additionally, users of the Polkadot and Kusama networks will be able to earn Anchor yields using LDOT and LKSM. The first step toward this goal is transferring their liquid staked assets to Terra via Wormhole. Users can then deposit LDOT or LKSM as collateral to borrow UST on Anchor.
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