ACA

tilac

Glad to see some positive vibes for Polkadot but I would caution on Acala (ACA). Since an error printed $3 billion of their stablecoin, aUSD has been off peg since August. Not by a little bit, 1 aUSD is currently 60 cents. When touting yourself as the defi-hub of Polkadot and your stablecoin has been off peg for 8 months, that's a problem. The Acala team has stated they will let market forces repeg aUSD or in other words, they aren't going to do anything about it. Acala at this time is close to a dead project and I seriously wonder if they will even exist after their parachain lease expires in October.

croa81

I also recommend to look into GLMR, ACA, and ASTAR. These coins will pump when dot goes up. They are the top projects that will a parachain dot auction slot. Easy money just think ahead

hg77

Sounds like an Obamacare = bad, but i sure like that ACA type of situation

Individual-Scar-5726

I think the end of ACA with Jana Wendt and later the 7:30 report.

Odysseus_Lannister

I’m 100% against CBDCs yes. However, when it comes from desantis- a guy who’s created an image of himself as a tough guy who will take action and has gone on record as being against critical race theory and tried to make a bill to actively ban it from being taught. He has also prohibited gender identity/sexual identity topics from being discussed in schools until a certain age. He’s actively against diversity, equity, and inclusion programs in colleges and wants to cut these programs. He was against the ACA and has no real alternative plan and he’s against most gun reform/law. He opposes abortion and planned parenthood and he spouts xenophobic shit all the time about Islam or other religions. All of these issues are more important to me than someone being anti CBDC/pro crypto and that’s my choice.

5171C0Nsurfer

That's all fine and good that they're pro-crypto until they axe the pre-existing conditions clause from the ACA (which they've repeatedly emphasized that they want to get rid of) and drop the hammer of tens of thousands in non-insured medical costs onto me. My crypto isn't gonna save me from that scenario. Like, I'm glad the Republicans decided to be the more reasonable party on a single issue, but some of us have other guns to our heads.

coinfeeds-bot

tldr; Over $650 million worth of tokens will be unlocked in March. Six projects will unlock their tokens on the first day of the month. Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), and Galxe (GAL) will release tokens on March 3. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

takemidown

Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), and Galxe (GAL) will unlock their tokens on the first day of the month. HBAR unlock will be the largest one during March. On the first day of the month, the project will release over 3 million HBAR tokens worth over $218 million. EUL will go under a cliff unlock, releasing $201,600 worth of EUL each day until the total amount reaches $885,368. Similarly, GMT will release $221,932 daily with a linear unlock schedule. ACA, 1INCHi, and GAL will release $4.2 million, $37,128, and $1.1 million worth of tokens, respectively

positivechandler

CBDC is a very concerning matter. I am worried about closed and mutable nature of cartel (permissioned) ledgers which is obviously has nothing to do with THE blockchain. But I wonder how would that Think Tank address this statement of Bank of England's Technology Paper: "3.1: Privacy Summary • Neither the Government nor the Bank would have access to users’ personal data. " https://www.bankofengland.co.uk/-/media/boe/files/paper/2023/the-digital-pound-technology-working-paper.pdf?la=en&hash=A97A5C2056FF5CD4D494B1E6A2EED7B8271ACA54

MakeItRelevant

> I'm sure most of you have heard about the developments on CFG, CULT, DOT, and AVAX I'm closer to DOT and some of its parachains ACA, UNQ, EQ, and PDEX. Polkadot's roadmap seems promising. I know CULT. This is one of the projects that are on my Defi's watchlist, but I'm not familiar with CFG. Is any major development incoming?

GoldenRain99

I made the mistake of partaking in their parachain auction for ACA. Absolutely should've dumped it along with the VCs

pupaza_din_salcam

Yes he does. One of the few videos I've seen on his channel were when he presented the coins on DOT and he shilled GLMR and ACA, naming them one of the best investments and so on. Actually he really made you thought "jump on them, they're gonna explode 100x". I like him, though when he presents projects and coins but I'm not taking into consideration any TA from anyone. I prefer to make my own mistakes. I'm really good at losing money, I don't need anyone to help me do it.

Ap3X_GunT3R

Oh god dammit here we go again. I enjoy jumping into these small politicians to see what else they support so we know what is also on the table especially come election time. - anti abortion except when the mother would die - some really insensitive quotes about abortion in cases of rape - wants to repeal the Affordable Care Act (Obamacare). Proposed some interesting HSA changes but not worthwhile to go into detail as it doesn’t make up for the number of people losing ACA. - voted against giving commendations to Capitol police after January 6th To give him some credit, there’s a lot of interesting stances on privacy and digital security. Comes off very pro-individual/privacy (not pro gov). Some consistency in these stances is nice BUT what undercuts this for me he doesn’t support in increasing funding for these agencies so IMO this is a neutral point.

StockTrix

Acala over-collatoralizing aUSD with its own ACA token? I hope to be wrong. Someone tell me they are multi-asset collateralized.

MakeItRelevant

I'm not sure about SOL anymore, but considering the last Polkadot Decoded event, I believe that DOT and its parachains ASTR ACA and UNQ are good picks. LINK is a great Oracle. Within the same class, I'm also holding DIA and API3. > What are your thoughts on this and are you accumulating some of these alts or waiting for some new narrative I'm doing both. CryproRank is being a great source to join IDOs and jump into new projects. But I rather invest over 90% of my money into well-established projects.

SyllabubAnxious2975

ACA has potential, don't know about others tho, will take a look. Bullish on the Angelblock, fundarising marvel in the making imo, really nice vision with democratization of fundraising, but its still early, not even listed yet.

xiwefe2

LDO and ACA seem like a fair pick..i dont know about others...I am bullish on AZERO and also THOL,i think it will be the biggest gainer from its ecosystem, totally new way of fundraising fully on chain and transparent. Also have been bullish on GALA at the start but i just feel they're not doing enough in the development part of gaming, not reaching the quality i would like to see from them.

ultimaclaw

ASTR because it’s one of DOT major parachains. Easy to stake compared to GLMR. Not inflationary like GLMR. Not being ERC20 means easy to transfer with no outrageous fee. Supported by many native Polkadot wallets. The other I would invest is GLMR and to a degree MOVR. GLMR issue is the maximum number of nominators rewarded per validator, and the minimum amount required to be competitive among validators kind of like Polkadot. Not so sure about MOVR and KSM future. KSM would be the other one I would consider. Lastly, ACA if it makes a comeback from the minting error/hack. So far, compared to LUNC/USTC. I think ACA/AUSD is handling the situation much better and didn’t collapse in days like LUNC did.

demomercury

You forgot *Back in Red* - by DCA/ACA

astockstonk

I have ACA, ASTR and GLMR. IMHO - definitely keep ASTR. I think GLMR too. I am holding my ACA but have diminishing expectations for it. PARA seems to be offering Defi better in the Dotsama universe. Home that helps.

CartographerWorth649

This is my take since 2018 and even after this massive carnage, overall I'm overall green on my portfolio with BTC and ETH holding the ship! All the rest is red!! But I believe that's mostly because I've been buying into them for way longer! I'm actually very curious about Polkadot an how and if it will return to ATH or not... I'm quite heavy on their ecosystems with UNQ, RMRK, ACA, OCEAN, etc and wonder what would be the impact of the price of the parachain prices as DOT possibly struggles to make new highs...

Kuenzlerra

I really can't say you should chill if the price doesn't hit the 10k dem TAs on CT and biz have been talking about, so it would be prudent if you DCAd with capital ratio on BTC first, then spread funds into ETH ahead of the merge, then LRC, RIDE, ACA, and many other tokens in my pf I can't just mention at a stretch.

IESUwaOmodesu

GLMR, ASTR, ACA, PDEX are all solid bets. By the way, everything you mentioned is already a parachain.

IESUwaOmodesu

I don't hold ACA. They have recovered 99% of funds already, yes it's taking time. And the deppeg is just on Kucoin since no aUSD can flow back and forth Acala's network - once the network is back online, and only then, the peg will be reestablished.

TipTechnicali

I'm a great fan of Polkadot's crowdloans. I've got into ACA, UNQ and EQ crowdloans. Why there is no case study for Parallel Finance on Substrate?

StockTrix

Well I'm selling ACA ... that's a fuckin loss.

quickhelpthxx

And it shouldn’t. It’s one of DOTs parachains, not DOT itself. But as far as aUSD and ACA go, they’re pretty much toast now. DOT will be just fine 👍

CrypoFiend

The ACA was because companies were NOT OFFERING insurance to individuals. In insurance they group people into "buckets" based on risk and generate premium. This is only possible due to grouping large numbers of people together to share the cost/risk. The fact u could only due it through employers was ridiculious. The ACA basicaly forced companies to make groups for the public. This 1. encourages entrepenuership because your health insurance is no longer tied to your job. 2. Allows people to retire early since they can get insurance before medicade kicks in. 3. Gives Americans options if their employer doesn't offer health insurance or has a bad plan. I suggest you read up on it since you implied it was welfare. However I am guessing you are just against it because you are a republicans that just hates any democrat legislation because your republican religion told you to hate it without thinking or researching what it acutally is.

CrypoFiend

How did the ACA expand welfare? It had nothing to do with welfare.

Capital_Routine6903

Did you ever hear of preexisting conditions that either exclude coverage or jacked the cost of insurance? That was the best thing they could pass in the ACA, unfortunately, because politicians mostly work for corporations.

CrypoFiend

The ACA helped me get insurance for myself and my kids after retiring early.

resjohnny

ACA definately created affordable insurance options for many. Agree on Patriot Act though.

Curvycryptoqueen

Unfortunately I don't think this will outweigh the recent negative news with ACA

coinfeeds-bot

tldr; Polkadot’s innovation hub Astar Network has announced a partnership with the leading DeFi network Acala to supercharge DeFi on Polkadot. Astar developers can build new dApps on top of Acala-native assets like aUSD, LDOT, and ACA, while receiving extra ACA and additional rewards from various Astar ecosystem teams. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

quickhelpthxx

Acala funds being returned I’m hearing. ACA might drop like a hammer once people rush to move their funds off of there

Curvycryptoqueen

Hoping ACA pull through this, not got any DOT locked up in the parachain auctions or anything at all though, just impartially and unbiasedly want the best for ACA.

coinfeeds-bot

tldr; Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The hack allowed the hacker to mint more than 1.2 billion aUSD from thin air. The attacker swapped a fraction of the minted stablecoins for Acala's native ACA and four other tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

juunhoad

It was on ACA, why should that affect DOT so much?

ultimaclaw

If not worried about ATOM when LUNA/UST collapsed, why worried about DOT? I’m disappointed too that this happened due to their LP issue. How can users be assured that this won’t happen again? I’m mixed on ACA/AUSD. Knowing 99.9% of the printed AUSD have been secured is kind of good, but what if they’re not as lucky next time.

juunhoad

You have no idea what happened, why even talk about shorting lmao. It happened on a parachain (Acala ACA) and it was a stablecoin protocol that worked seperate from the native ACA token unlike LUNA.

StrangelyBeige

I think it’s available on Stella swap at a discount I believe..swapping ACA for aUSD there

Negative-Structure51

This place is a straight casino lmao. My degen ass decided to sell my ACA yesterday and yolo into some MMF on Polygon. The goal was more ACA but I guess not anymore lol

GoldenRain99

Good morning r/cc! Here's to another good day in the crypto space, RIP to any bagholders of ACA/their stablecoin.

apartlp

Yesterday I was thinking on buying Acala tokens ACA but then I didn’t because of recent hacks on defi lol glad I didn’t now

antiwrappingpaper

Some misinformation going around that can be debunked by simply looking at the on-chain data: [https://acala.subscan.io/account/26JmEcghNmggvT46sojckg34Py9zFRKkCcFy3gr49hrFgT2k](https://acala.subscan.io/account/26JmEcghNmggvT46sojckg34Py9zFRKkCcFy3gr49hrFgT2k) This doesn't seem to be a hacker, in the meaning of a bad actor specifically using the protocol to just do this hack. This account is an Acala crowdloan participant (they still have around 700 ACA left vesting), they have been using the Acala protocol for a while... I have a feeling they found the bug accidentally and then simply exploited the hell out of it (based on the history of extrinsic calls on their account). The account still has the exploit related minted aUSD in their balance. The account has yet to be able to profit financially from this...

quickhelpthxx

ACA dropping too

quickhelpthxx

I’m actually shocked ACA isn’t -30%+ yet. That’s impressive. It will be soon though. Unless by some miracle they get ausd to repeg. Which is extremely unlikely.

Bucksaway03

"Backed only by decentralized assets in Collateralized Debt Positions (CDP)." "Backed by cross-chain & native parachain assets: DOT, KSM, ACA, KAR, BTC, and ETH." This is going to keep happening if assets are backed by fucking unstable, volatile assets. I'm a fan of DOT but I'm not a fan of every single project wanting a God damn stablecoin to its name. It's time to just stop it.

LightninHooker

JUNO and ACA are gonna be a sweet spot to be next bull. Next dip time to , accumulate again

LightninHooker

Next time btc dips,alts will go down again like there's no tomorrow Time to accumulate again ATOM,JUNO and maybe ACA And BTC of course

moonpumper

Yeah I'm definitely accumulating DOT and tokens in the ecosystem while it's all super cheap. I just wish things like ACA could be listed on more exchanges, I could see it going to 10-20 dollars next bull run.

LightninHooker

None of them whatsoever. ACA may pull a Terra next bullrun ... but they all will be obliterated. They all are run by VC and they are dumping and building nothing. Moonbeam is extremely bad though. 245k followers on twitter and I have more engagement with my 320 followers. They support nobody trying to build in there...

Bowmic

That is possible and hence why I am resisting the FOMO. Last time I had 4-5 coins but I am consolidating everything under DOT and remaining on BTC & ACA. Let's see if this big bet works in future.

TipTechnicali

DOT is a top pick. Its recently launched parachains like EQ, UNQ and the launch of aUSD by ACA can really strengthen the network. MATIC and SOL are also great picks.

Puzzled_Raccoon8169

Republicans are proponents of charter schools and school choice. To prevent exactly what you’re speaking of. And nobody is forcing anybody to have babies. Birth control pills and condoms are available and oftentimes already free thru public health departments and birth control is MANDATED to be covered by insurance companies thru the ACA. The problem of an unwanted pregnancy can be completely eliminated thru personal responsibility on the part of the female. And before you flip out about rape and incest, those instances are so rare that they’re not statistically important and would be legal anyways in most states because of that exemption. On demand and up to the moment of birth is what most people just don’t agree with. Even regular conservatives are generally ok with abortion in the first trimester. But if the option is all or nothing, we’ll vote for nothing.

tsurutatdk

And what about the dot parachains? Are you extending your bags also? GLMR, EQ, ACA are a good picks imo. Equilibrium will launch their money-market soon, gotta profit on their margin trading soon. Unique network seems to be good but I haven't checked yet.

RicoBelled

This would only work in America, the land of the ignorant. It's MIND-BLOWING how moronic the citizens of this "greatest country in the world" have become. They have collectively bamboozled themselves into the greatest distortion of reality in the history of mankind, from their fake boobs and fake smiles, to their eminently shallow discussions of even the deepest subjects. For proof, look no farther than polls back in the day of Obamacare: when Republicans were polled about it, they were en masse very much against it. When asked about the ACA, after having had to be explained what it was exactly, they were by and large in favor. The kicker? They are one and the same!

IESUwaOmodesu

tks mate, I actually already have some dot which I used in the polkadex crowdloan :) now with this extra cash I'm wondering what to do... GLMR dropped a lot, so tempted do buy a bunch and now I believe it will be the most successful parachain... not so sure about ACA tho and yet there's KSM quite cheap as well...

IESUwaOmodesu

not even GLMR or ACA?

GoldenRain99

Honestly most of the crowdloan projects (even the big names) are not doing a damn thing in terms of development, or perhaps they're working on things that are far out, and that's why we haven't heard much from em. ACA/KMA have been some of the worst decisions I've made in the space, so far. Never crowdloaning again, I'd much rather just stake and be rewarded for participating in an ecosystem, like over at Cosmos.

kumanov88

Hey guys, what do you think about ACA ( Acala )? Thinking of buying a small bag.

JONUTUNIVERSALU

Any DOT fan boys in here? I just got my ACA rewards from parachain on binance today :)

MakeItRelevant

I'm thinking about using Trezor/Ledger options, but right now I've moved my ETH to Trust Wallet along with other positions like Sol and Link. I've also moved all of my DOTs to Polkadot JS and I'm keeping some of my parachain tokens EQ UNQ and ACA in there too. I'm doing this slowly since the majority of my position is still on exchanges until I find a better way to get them out and if cold wallets are really the best option in my case. I also need to put more research on it as well.

LightninHooker

It doesn't solve a problem per se but in DOT (and Cosmos) you have many blockchains that can talk to each other without the need for bridges. So you can have GLMR,DOT,ACA,ASTAR and any other parachain moving coins from one dapp to another. From one project to another with a simple click No smart contract, no second layer, no bridge etc and thus you can't steal the coins like it happened in here (and many other situations) Now if you are moving ETH into GLMR in order to move that ETH around in dot ecosystem, you need a bridge. And that can be hacked

disdicozi

I have a huge bag of DOT, Let me say I am mostly focused on Polkadot lately. I am accumulating ACA and GLMR while I await the public offering of Equilibrium DeFi.

358476278464

I have no problem saving money. I also am white, male, single, do freelance art for a living, sublet rooms in apartment while sleeping in the walk-in closet and driving a 2000 Honda Civic that looks and drives like shit. I'm on Medicaid via the ACA and only have liability insurance. Also, my teeth are rotting and I'm clinically depressed! See? It's *easy*.

StrB2x

Polkadot, GLMR, ACA, STELLA, TRANQ

kumanov88

VET, ACA, AVAX, LINK! Today I chose you :) What a nice day to DCA.

justtheaveragejoe100

I swear every second ACA is a neighbour from hell

letsworshipizeit

ACA is pretty abysmal.

Artificial8Wanderer

DOT ZIL PLU RSR GRT GLMR ACA MATIC MTV ERSDL mainly these and i kniw its a lot but f it

tojasma

Months ago I used CMC portfolio tracker but I no longer use it because I currently hold just Polkadot gems. I have ACA, GLMR, and PDEX all on Talisman wallet, which I also used to participate in the Equilibrium airdrop.

user_name_checks_out

Interesting. So what do you make for example of the ACA? Libtard conspiracy to undermine your right to die uninsured? I view the left as slightly less loathsome than the right. https://twitter.com/Carnage4Life/status/1495096537902288899 > Once you learn about the ratchet effect in U.S. politics, you see the pattern everywhere. > Republicans move the country rightwards when they have power & Democrats block movement leftwards when they get power.

VPNApe

Of course it's for itself. That doesn't mean that a majority of the developed world doesn't benefit from it. Btw I spend zero for healthcare because ACA has no asset check. So despite being worth millions I get free healthcare. Can't do that in europe where socialized medicine requires you to be paying taxes into it.

senditFrmU2M

That sucks, this stablecoin is more like Maker, it’s backed by DOT, ACA currently and the a lot of the aUSD minting is from the community. Look into it acala network, you can stake the dot and not earn the extra rewards. Plus for a few you can withdraw your stake instead of waiting 28days. Luna was a scam out the gates just took this unfortunate incident to show it.

LightninHooker

DOT was amazing on paper. Now we are just cashing reality checks. Staking is not only complicated but expensive. Staking on CEX or other parachains defeat the very decentralization purpose Parachains, as they stand now, are utter shit. 5 months and ACA has 3 LP to show up for and Moonbeam have 2 DEX and uniswap coming ... "outstanding" Polkadot.js is still the most orthopedic website developed after 1997. If parachains and DOT do not return close to their ATH before the crowdloan unlock, the dump will be mythological and it will just become a ghost chain. And I hodl DOT since it was at 4$. So it has been a while.

Muze69

DOT and ACA long-term indeed.

luciddrummer

ACA is a super strong project and team. I'm pretty confident it ends up in the top 50 eventually, but it will take some time, and some additional overall DOT ecosystem growth.

365Dillweed365

Just ACA.

Negative-Structure51

I have big hopes for ACA, you into PARA?

365Dillweed365

PGA looks awesome, Oilers are up and Polkadot and ACA are working for me as I watch it all.

Pairywhite3213

I hodl MATIC and DOT. The latter offers me a good 40% APY on Equilibrium while also giving me access to support projects gain a parachain slot via my liquid DOT. Also, I get rewarded some tokens as bonus for participating. I was able to acquire EQ, ACA, and PDX through this. MATIC and DOT are good long-term HODL if I'm to offer my two cents.

StrB2x

Dot because they have the fastest growing dev team and Gavin Wood is the true creator of ETH. DOT GLMR ACA and BTC

AlofeKeftbz

I don't just hold DOT but I explore the ecosystem as well. I invested early in projects like ACA and GLMR and I am currently securing a spot to be whitelisted in the presale of Equilibrium Defi.

LightninHooker

I bought first day at 6 and I didn't sell at 15 cos I was a fucking moro and btc was in a bulltrap and I really thought "in for the tech" was a thing. Big ass mistake I should have sold all my parachains rewards and dump those tokens I bought just like everyone else did. But hey... Maybe I would have sold and buy LUNA and now I would have nothing If btc drops like crazy again I will buy again,same with ACA. And sell next cycle. Looking forward for exosama too