Reddit Posts
DeFi Protocol Acala Network Hacked of 1.2B AUSD Stablecoin
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
Acala USD (AUSD) Stablecoin On Polkadot Lost Peg
Acala USD (AUSD) Stablecoin On Polkadot Lost Peg
Ausd on Acala appears to be hacked. Another stablecoin biting the dust?
🔺 Avaware 🔺 We just launched Embr Finance, a new DEX on Avalanche! | NFT Presale going on | Yield Farm | Launchpad/Incubator | NFT Staking | The Next Big Thing on Defi 🚀
🔺 Avaware 🔺 Our Stablecoin (AUSD) is now listed on CG! | NFT Presale going on | Yield Farm | Launchpad/Incubator | NFT Staking | The Next Big Thing on Defi 🚀
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hope is nice. receipts are better real yield from vaultbridge, AUSD treasuries, CoL, and sequencer fees chain‑level ve(3,3) with vKAT so emissions go where they’re most productive avKAT for liquid, auto‑compounding exposure users first
**arb / optimism vs katana** arb and op are governance tokens for their L2s. they don’t run a chain‑level ve gauge. ve(3,3) exists on those ecosystems at the dapp level (velodrome on Optimism, aerodrome on Base), not at the chain level. katana’s vKAT is chain‑level: lock KAT, vote where future KAT rewards go across integrated apps, and voters earn fees from the pools they back (plus vote incentives, plus exit fees) **do they have a similar locked voting structure?** no. ARB/OP don’t have a native, chain‑wide “lock → vote → earn fees” model. katana does. that’s the difference between chain‑level vs dapp‑level ve(3,3) **will KAT emissions be funded by buybacks?** yes. early on, emissions come from the KAT treasury. over time, the plan is to replace treasury outflows with KAT buybacks funded by chain revenue (vaultbridge yield, AUSD t‑bill yield, CoL yield, sequencer fees). conceptually similar to “buyback‑funded emissions” you’ve seen elsewhere, but ours are chain‑wide and revenue‑driven, not app‑specific.
there’s no inflation schedule for KAT. it’s a fixed-supply token at 10b KAT. the rewards that vKAT voters direct are **not newly minted tokens**; they come from the existing KAT treasury. over time, those emissions will increasingly be funded through **KAT buybacks** using revenue generated by the chain. Katana’s four engines drive revenue that cycles back to users and liquidity: – [vaultbridge real yield](https://katana.network/blog/katana-core-mechanisms-what-is-vaultbridge) on blue‑chip assets bridged from ethereum – [AUSD T‑bill yield](https://katana.network/blog/katana-core-mechanisms-what-is-ausd) – [chain‑owned liquidity (CoL)](https://katana.network/blog/katana-core-mechanisms-what-is-chain-owned-liquidity) returns – [sequencer fees](https://katana.network/blog/katana-core-mechanisms-what-are-sequencer-fees-)
**resources if you want to skim first:** Katana’s four engines drive revenue that cycles back to users and liquidity: – [vaultbridge real yield](https://katana.network/blog/katana-core-mechanisms-what-is-vaultbridge) on blue‑chip assets bridged from ethereum – [AUSD T‑bill yield](https://katana.network/blog/katana-core-mechanisms-what-is-ausd) – [chain‑owned liquidity (CoL)](https://katana.network/blog/katana-core-mechanisms-what-is-chain-owned-liquidity) returns – [sequencer fees](https://katana.network/blog/katana-core-mechanisms-what-are-sequencer-fees-)This is how katana pushes [productive TVL](https://katana.network/blog/what-is-productive-tvl-) and keeps deep markets sticky instead of rented. Other resources: \- [Katana Revenue and Chain Analytics](https://blockworks.com/analytics/katana) \- [DeFi Llama TVL on Katana](https://defillama.com/chain/katana) \- [DL Research Article on Katana](https://www.dlnews.com/research/internal/katana-building-defi-productive-heartland/) \- [Katana’s Chain-owned Liquidity wallet address](https://debank.com/profile/0xdB579446097D33A809dAf8aCecfDd29A1c239935) (growing and compounding) stay sharp samurai ⚔️
good question. the current APYs include both realized yield (from vaultbridge, CoL, and AUSD) and projected KAT emissions. since KAT isn’t transferable yet, we estimate its value using an assumed FDV of roughly $1b, in line with peers like berachain and sonic. for context, zkSync’s FDV is also ~$1b with only ~$75m in productive TVL; katana already sits near $600m in productive TVL. you need some assumption to express emissions as an APY, it’s not a claim on token price, just a way to show users the full reward picture. the real, realized yield keeps growing as productive TVL compounds; the rest represents deferred potential upside once KAT becomes transferable. we also have a slider on the app that lets the user adjust the FDV of KAT if they feel like the default $1B FDV is too high.
honestly really good feedback here from Coiiiiiiiiiiiiiiiiii appreciate the digging in here. a few quick points of clarity: 40% apy ≠ 40% organic yield. the current rates on katana are temporarily boosted by KAT emissions while the network bootstraps. same way every major protocol has done early-stage incentives. from bitcoin’s block reward subsidies to rewards on curve, velodrome, and berachain. the sustainable baseline yield right now comes from four revenue sources, not just tbills or fees: 1. vaultbridge yield (morpho lending on ethereum) 2. chain-owned liquidity yield (lp positions on katana) 3. tbill yield via AUSD 4. transaction fees from chain activity over time, those revenue streams scale and replace emissions. the idea is to start with incentive-driven growth and transition to self-sustaining real yield as the flywheel spins. and you’re totally right: “ponzi” yields die when emissions are the only fuel. katana’s designed so the underlying economy, vaultbridge, col, ausd, app revenue, keeps paying users after the emissions taper. in short: high apys now are bootstrap incentives. the long-term yield comes from real revenue. appreciate the pushback on the messaging. these convos make the system stronger and helps us shape our narrative more accurately.
four main revenue drivers for katana: for vaultbridge: bridged assets are deployed into morpho vaults on Ethereum L1 the yield generated on those assets are used to further increase the yield that users get on Katana so the yield is from Ethereum L1 lending activity. for AUSD: this stable coins is backed by offchain U.S. treasuries yield from these treasuries are used to increase the yield for users that are using AUSD in defi. so the yield is from U.S. treasury rates. for sequencer fees: each transaction on the chain incurs a fee (aka gas) this goes to pay for settlement costs on Ethereum. anything leftover goes to chain-owned liquidity or to increase the yield for katana users so the yield comes from real katana activity for chain-owned liquidity yield: the chain manages its own bag of liquidity that helps to stabilize the markets in times of volatility. only around $375k right now, but it’s growing every week. yield that’s generated from chain-owned liquidity either goes to compound more chain-owned liquidity OR further increases the APY for users of defi on katana so the yield comes from assets that the katana foundation manages onchain
So a few things - but basically the idea is there are assets on the chain like AUSD (stablecoin issued by Agora) and Agora earns yield from t-bills on the stablecoins. Agora sends 80% of the yield back to Katana, and Katana then passes that on to users in the form of boosting yields. There are other mechanics like using bridged assets in low risk defi strategies curated by Yearn and Gauntlet. That yield is then passed forward to users. Here's on concrete example - the USDC on the chain is actually called vbUSDC (vb stands for VaultBridge). Users can deposit their vbUSDC into Yearn vaults (and becoming yvvbUSDC). Every 7 days, Katana has been taking some yield the chain has generated and essentially adding value to the yvvbUSDC. When Katana first launched, yvvbUSDC and vbUSDC had a 1:1 value. Currently, 1 vbUSDC is worth .9971 yvvbUSDC. Basically yvvbUSDC has gain \~30 BPS in value as a result of Katana passing revenue to users. u/ManBearPig9220 can answer some more, but also, be sure to check out this AMA Katana did a few months ago - [https://np.reddit.com/r/CryptoCurrency/comments/1lokaoj/katana\_mainnet\_is\_here\_ama\_questions\_answered\_on/](https://np.reddit.com/r/CryptoCurrency/comments/1lokaoj/katana_mainnet_is_here_ama_questions_answered_on/)
yeah, this cycle’s not about legacy alts like ADA or DOT mooning on hype (there are no solid narratives i. those ecosystems now). the market has started rewarding projects with tangible revenue models that directly benefit token holders via yields, fees, buybacks, and governance (but mostly the first three). it’s selective, capital’s flowing to protocols where emissions are backed by actual earnings, not just VC pumps and old 2017 narratives (“banks are going to use XRP” no they’re not). ethereum’s supply shock is real, the narrative is tangible, adoption is actually increasing, but alts need more than narratives; they need mechanics that compound value over time. here’s how some standouts are doing it right (yes, my bags): • Aerodrome (AERO): on Base, this DEX pulls in huge fees ($21M+ in recent epochs) and funnels 100% back to veAERO holders through emissions, bribes, and voting power. it’s why AERO’s steady at ~$1.15 amid growing TVL, real accrual beats speculative bets. • Moonwell (WELL): DeFi lending on moonbeam/base, where protocol fees from borrows/interests feed into staking rewards and governance for WELL holders. Even at $0.023 (down from ATH ~$0.30), it’s building with emissions tied to genuine demand, creating sustainable holder value.  • Curve (CRV): classic stable DEX with veCRV lockers claiming a slice of billions in TVL fees (inflation cut to 5% for longevity). At $0.77 (way off ATH $15.37), it’s still a fundamentals play, holders get direct yields that outlast hype cycles.  • Katana (KAT): this new DeFi-only L2 focuses on sharing chain revenue back with its users through a flywheel that recycles chain revenues (sequencer fees, Vaultbridge yields, AUSD treasury returns, and chain-owned liquidity or CoL) back into pools and vaults, boosting APYs for active users. CoL alone is at $340k, providing permanent liquidity and routing earnings (like $165k+ in recent donations) to LP positions on Sushi/Morpho. the staking model: stake KAT for vKAT (ve-style), then vote to direct incentives, earn app fees, bribes, and exit fees. chain-wide veTokenomics that accrues real yield to holders as TVL grows. pre-TGE, rewards are stacking via quests and campaigns, but post-launch, this setup ensures holders capture the network’s growth directly.
Post is by: Mountain_Ad_4386 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/HodlHorizon/comments/1n6p7vy/avalanche_just_launched_the_first_daogoverned/ Most stablecoins today are run by centralized issuers like Tether (USDT) or Circle (USDC). They hold billions in reserves, but users have to trust corporate custodians, attestations, and opaque banking relationships. Now Avalanche has introduced **AUSD**, the **first fully DAO-governed stablecoin**. Here’s what makes it different: * **Community governance:** Parameters like collateral ratios and accepted assets are set by DAO votes, not corporate executives. * **Over-collateralized:** Every $1 AUSD is backed by at least $1.50 worth of crypto. * **On-chain audits:** Reserves are transparently visible and updated in real time. * **Avalanche speed:** Built on AVAX, the system benefits from fast finality and low fees. This could be a game-changer for DeFi. Instead of trusting a company in New York or offshore, users can trust code and community governance. Of course, questions remain: Can AUSD scale enough to challenge USDT/USDC? And how will regulators respond to a stablecoin with no centralized issuer to subpoena? Full deep dive here 👉 [hodlhorizon.com/news/dao-stablecoin-launch-avalanche](https://hodlhorizon.com/news/dao-stablecoin-launch-avalanche?utm_source=chatgpt.com) What do you think — is DAO governance the future of stablecoins, or will regulators crush this before it gains traction? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: Mountain_Ad_4386 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/HodlHorizon/comments/1n6p7vy/avalanche_just_launched_the_first_daogoverned/ Most stablecoins today are run by centralized issuers like Tether (USDT) or Circle (USDC). They hold billions in reserves, but users have to trust corporate custodians, attestations, and opaque banking relationships. Now Avalanche has introduced **AUSD**, the **first fully DAO-governed stablecoin**. Here’s what makes it different: * **Community governance:** Parameters like collateral ratios and accepted assets are set by DAO votes, not corporate executives. * **Over-collateralized:** Every $1 AUSD is backed by at least $1.50 worth of crypto. * **On-chain audits:** Reserves are transparently visible and updated in real time. * **Avalanche speed:** Built on AVAX, the system benefits from fast finality and low fees. This could be a game-changer for DeFi. Instead of trusting a company in New York or offshore, users can trust code and community governance. Of course, questions remain: Can AUSD scale enough to challenge USDT/USDC? And how will regulators respond to a stablecoin with no centralized issuer to subpoena? Full deep dive here 👉 [hodlhorizon.com/news/dao-stablecoin-launch-avalanche](https://hodlhorizon.com/news/dao-stablecoin-launch-avalanche?utm_source=chatgpt.com) What do you think — is DAO governance the future of stablecoins, or will regulators crush this before it gains traction? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
AUSD is the way to go. Fully backed by dollar reserves & t-bills. And Agora works with chains to pump some of that yield back into the chain
**on becoming a stage 1 rollup:** katana launched as a **stage 0** rollup and will progressively work toward **stage 1** in the coming quarters. we’re working closely with **conduit**, **polygon**, **gsr**, and others to get there without sacrificing user experience or chain stability. **on being a “DeFi Chain”:** katana’s architecture is designed for *real economic activity* and *deep liquidity*: * **vaultbridge**: converts idle bridge capital into productive TVL on ethereum, routing real L1 yield into katana’s defi pools to boost yield in-kind for liquidity providers on sushi and morpho. * **AUSD**: stablecoin backed by off-chain t-bills, with t-bill yield flowing *back* into the ecosystem. this further diversifies the revenue streams that go back to boost yield in the ecosystem. yield generate from t-bill go to boost yield in AUSD-denominated sushi and morpho pools. * **chain-owned liquidity (CoL)**: sequencer fees go into LPs and lending markets instead of being extracted. this provides a strong liquidity base that stays put during market downturns, it reduces slippage in sushi DEX trading, and reduces borrow rates on morpho. yield earned from CoL goes back into either compounding deeper CoL or boosting yield on sushi and morpho pools for LPs. * **opinionated app stack**: instead of fragmenting liquidity, we partner deeply with a few core apps (sushi, morpho, a perp dex, a launch pad etc.) and boost them with yield. we don't want 20 different lending protocols, or 10 different DEXes. this just fragments liquidity and provides for a less than idea user experience. it’s all built to create tight feedback loops. where user activity generates yield, yield deepens liquidity, and deeper liquidity attracts more users.
gm. love this one. here's how we think about katana over time: **1 year:** bootstrapping deep liquidity and real yield through vaultbridge, AUSD, and chain-owned liquidity (CoL). the core app stack is live (sushi, morpho, launchpad, perp DEX, tokenized yield protocol), and early builders have incentives and infrastructure to grow. focus on innovating on the composable app layer. vKAT dashboard goes live. **2 years:** katana becomes the go-to chain for real, composable defi. CoL compounds to a point where intent-based cross-chain solvers default to katana for swaps and other actions. vaultbridge yield scales to provide a perpetually funded real yield liquidity mining campaign. devs build new apps *on top* of katana’s flywheel instead of recreating the basics. yield from vaultbridge, AUSD, CoL yield reduce the reliance on KAT token emissions. vKAT is used to direct future KAT emissions similar to Curve wars and other ve-tokenomics models. **5 years:** katana feels like economic infrastructure. not just another chain. the best defi apps deploy *here first*. the [katana app](https://app.katana.network/) is the place where millions of users interact with the chain, simplifying the user experience and abstracting away blockchain infra. CoL provides a strong and secure base layer of liquidity, continues to compound. vaultbridge yield is flowing. the flywheel is unstoppable, and the users benefit. **10+ years:** that's a really long time in crypto, but we are thinking about it. katana helps define what a self-sustaining, productive onchain economy looks like. real users. real yield. real liquidity. no dead bags. no mercenaries. a chain that pays you to build, not just farm. when people think crypto, they think katana. when people think defi, they think of katana. tl;dr: katana is here to fix what broke in defi. and build something better. for the long haul.
great question — one we’ve thought a lot about. short-term hype gets you attention but katana is built for long-term usage here’s how we keep users engaged beyond the early incentives: **1. real yield, not just emissions** katana doesn’t rely solely on inflationary token rewards instead, yield is fueled by real sources like: – vaultbridge L1 lending strategies – AUSD off-chain t-bill revenue – sequencer fee redistribution – deployed chain-owned liquidity (CoL) this makes yield and liquidity **sustainable**. users stay because rewards keep flowing even after the hype. liquidity and yield scales on katana. **2. chain-owned liquidity means better UX** CoL = the chain owning some of the liquidity onchain directly so liquidity doesn’t disappear when mercenary capital leaves, or when the bear market gets brutal users enjoy consistent depth, lower slippage, and stable borrowing/lending markets regardless of market conditions **3. vKAT + governance** KAT holders can lock for vKAT to vote on where future KAT emissions go users who stay involved help shape the ecosystem (and earn fees) if you're familiar with ve- tokenomics, you know that there are very exciting governance games ahead **4. new apps and tokens launching on katana** katana is a defi-first chain. currently there are two core apps: morpho and sushi. but there are already close to 30+ other defi protocols live on katana. and more to come. the roadmap includes a new core apps that will include a launchpad, perp DEX, and tokenized yield protocols. in short. katana’s yield doesn’t dry up liquidity doesn’t flee innovation thrives at the composability layer on top of core apps/assets and users don’t get left behind
Because stablecoins generate revenue for the issuer. You can launch a stable-coin, invest in short-term treasuries (t-bills), and profit from the t-bill yield. We are seeing stablecoin issuers like Agora (AUSD) take that earned yield and distribute back to its ecosystem, but companies like Circle and Tether make so much money off this, others want a piece of the pie. This question is similar to saying "why do we need so many banks offering savings accounts?" Banks (and stablecoin issuers) like custodying dollars because they can earn yield on those dollars.
Not exactly a dividend in the traditional sense. but yes, **vKAT is designed to give holders access to protocol revenue over time**. When you lock KAT into vKAT, you gain: * **voting power** to direct where KAT emissions go (to specific pools or apps) * **fee share** from the defi pools you vote for * and in the future, **a cut of broader protocol revenues**. like sequencer fees, vaultbridge yield, and AUSD yield it’s more of a **governance-aligned revenue share**, where your influence and rewards are tied to how you participate, not just holding passively.
vKAT isn’t a claim on protocol revenue *today*, but it’s designed to get there at launch, vKAT earns fees from the pools it votes on. over time, as katana scales and governance matures, vKAT holders will be able to vote to receive additional forms of revenue: vaultbridge yield, sequencer fees, AUSD treasury income, etc so yeah, it's a mechanism for long-term alignment. the more productive the chain gets, the more value flows back to those shaping it
**is KAT/vKAT needed to use defi on katana?** no. anyone can lend, LP, borrow, swap, and mint AUSD without holding a single KAT. the gas token on katana is ETH. **so what’s the point of KAT?** when you lock it for **vKAT**, you unlock utility and rewards: * **vote on where emissions go**: direct KAT emissions to specific pools or assets. earn fees from the defi pools you voted for. * **earn protocol revenue**: down the road, when katana grows with robust network effects, vKAT holders can earn broader fees. like from sequencer fees, vaultbridge yield, stablecoin yield, etc * **exit anytime**: unlock vKAT back to KAT, but with a small fee redistributed to remaining vKAT holders vKAT isn't a requirement, but it's a helpful lever for those who want to shape the economy *and* earn from it.
blast gives users native yield in their wallets by auto-staking L1 assets, this has severely limited the growth of their defi ecosystem. katana doesn’t do that. instead: * **vaultbridge** sends yield from curated L1 strategies (via morpho) back to katana * **vaultbridge** **yield** goes to incentivize defi pools on katana, encouraging users do actually use defi on the chain (its a perpetually funded liquidity mining campaign that uses real yield instead of just KAT token emissions to boost the pools) * **AUSD** routes t-bill yield to boost stable pools. diversification of revenues for users. * **sequencer fees** fund chain-owned liquidity (CoL), which deepens markets, less slippage on trades, more stable in time of volatility * **CoL** earns yield too. that yield either compounds or boosts user rewards so instead of passive wallet yield, katana boosts *active* users in defi apps. you earn more by lending, LPing, or using yearn vaults. not just by bridging. ps: thanks for staking POL. agglayer’s how this all stays unified under the hood
my personal favorite is CoL. but most people will be drawn to the boosted yields provided by vaultbridge, AUSD treasuries, sequencer fees, and yield from deployed CoL. **chain-owned liquidity (CoL)**. CoL is katana’s native liquidity reserve, funded entirely by net sequencer fees, as a way to not rely solely on mercenary capital. as usage grows, so does the reserve. this capital is deployed into katana’s core lending and DEX markets to deepen liquidity, reduce slippage, and improve execution. when markets become volatile and people withdraw from the chain, CoL doesn’t flee. it cushions shocks, stabilizes rates, and keeps defi usable. and importantly, CoL earns real yield, which is either compounded to grow the reserve or redistributed to boost further boost user rewards in defi pools. we are not trying to farm our users here. as users exit, CoL’s share grows of the defi pool grows, increasing yield for those users who stay. it’s a structural advantage. liquidity that gets deeper over time, not rented by the week.
katana is **opinionated by design**. that means instead of listing dozens of apps at launch, it focuses liquidity and incentives into a **small set of deeply integrated protocols**, what we call **core apps**. right now, those are: * **morpho** (lending) * **sushi** (spot DEX) * **vertex** (perps) these apps are **chain-aligned**: they not only receive boosted yield from vaultbridge, AUSD, and CoL, but also route part of their revenue back to the chain to fund deeper liquidity and new incentive programs. apps like aave or uniswap could deploy on Katana in the future, but they won’t receive emissions or protocol-level yield boosts or chain-owned liquidity. this model helps avoid liquidity fragmentation and creates **deeper, more sustainable markets** from day one. less liquidity fragmentation leads to an overall better UX
polygon labs and gsr incubated katana because **existing defi chains haven’t solved the core economic problems**: unsustainable emissions, shallow liquidity, and misaligned incentives. katana is different in both **design** and **execution**: **real yield, not speculative emissions**: katana routes actual revenue from: * vaultbridge yield (via morpho on ethereum) * t-bill yield (via offchain AUSD treasury) * net sequencer fees * chain-owned liquidity earnings that yield **boosts defi pools**, not wallets holding idle tokens, and not extracted from the katana defi ecosystem. yes there will be KAT liquidity mining incentives, but this just further amplifies those yields, not a long term strategy. **productive behavior is required to earn**: you can’t farm passively by just leaving tokens in your wallet (like blast), you have to use them in defi to benefit from the rewards. vbTokens only earn yield when deployed in core defi apps. **chain-owned liquidity (CoL)**: katana builds its own liquidity layer from sequencer fees. liquidity that doesn’t flee during volatility. that stabilizes markets when things get crazy, reduces borrowing rates, tightens spreads, and lowers slippage on DEXes. **vKAT = voting with cash flow**: vKAT holders vote on future KAT emissions and earn a share of the fees on the pools that they vote for. this aligns long-term users, apps, and capital around shared outcomes. down the road, when katana grows with robust network effects, vKAT holders can earn broader fees, like from sequencer fees, vaultbridge yield, and stablecoin yield. other chains have brought attention to the defi-specific chain vertical. katana is built to **fix it**: structurally, not temporarily. that’s what makes it worth building, imo.
katana is different because it’s not just “another yield farm.” it’s a full-chain economic system where **yield is backed by real revenue, not inflation.** Here’s the simple version: * **vaultbridge**: When you bridge assets to katana, they go into real lending strategies on Ethereum (via [Morpho](https://x.com/MorphoLabs)). the yield from that gets sent routed to katana and used to boost rewards for users in core defi apps. * **AUSD**: katana’s native stablecoin, issued [by agora](https://x.com/withAUSD) and fully backed by offchain U.S. treasuries. that t-bill yield is also routed back to boost AUSD-denominated defi pools. * **sequencer fees**: 100% of net sequencer fees are recycled into Katana’s economic system. used to deepen liquidity and reward activity, not siphoned away. * **chain-owned liquidity (CoL)**: instead of relying on mercenary capital, katana uses its own revenue (like sequencer fees) to build a permanent liquidity reserve that *stays* even when others leave. this deepens markets, keeps yield stable, and reduces slippage on dex trades. additionally, yield generated from deployed CoL goes to further boost yield in core app defi pools. we are not trying to farm our users here. * [**KAT/vKAT**](https://katana.network/blog/the-network-is-katana-the-token-is-kat): if you hold the KAT token and lock it for vKAT, you *vote* on which defi pools future KAT emissions go. over time, vKAT holders will be able to receive actual revenue generated by the chain, like from sequencer fees, vaultbridge yield, and offchain stablecoin yield. other chains rely heavily on emissions and hype. katana is trying to build something more sustainable: a flywheel where **activity → real yield → more activity**, and the value created stays in the network. so yeah, it's defi, but rebuilt to actually work long-term.
katana is a purpose-built chain designed to make DeFi sustainable. it integrates real revenue streams, like vaultbridge yield, offchain T-bill income via AUSD (by agora), sequencer fees, and yield from chain-owned liquidity, and recycles them into core DeFi apps like Morpho, Sushi, and Vertex. built using the OP stack with zk proofs and connected to the AggLayer for secure, seamless bridging, katana aims to create a self-reinforcing economy: more usage → more yield → deeper liquidity → better defi UX. it's a system where productive defi behavior is rewarded, and users who actively participate earn the upside.
More or less, yeah 1) Move holdings onto exchange 2) Sell BTC to USD/AUSD/whatever, should be possible without stablecoins in most cases \--> be careful here to place limit orders, to not get unexpectedly low prices 3) Withdraw money 4) Go buy lambo or ramen noodles, depending on the selling price
What’s happening with AUSD?
While USDC is struggling to repeg to $1..Acala has found a solution to fix its AUSD deppeging problem. They're renaming it AYUAN
Is it DJED? AUSD isn’t out yet, the adadao is in testnet and that’s made by Cardence, I can’t think of any other
I think the biggest thing holding it back is obviously mass adoption. To the average person there is no distinct need to hold or use Bitcoin. Yes we recognize the threat the fiat system brings to, but not only does the average person not see the problem with the current fiat system but also their money is insured in the bank. So in a time like this, when on paper Bitcoin should shine, reality is sinking in, and as no one has any disposable income and interest rates are sky high, not much money is flowing into or out of Bitcoin right now. In my opinion there needs to be a very rapid desire to buy and hold Bitcoin. I think back to the early internet, mass messaging like aol created a desire to interact with people from all over the world in an instant. And unfortunately the only realistic catalyst I see for this would be a major CBDC, ei. USD, Euro, CAD, AUSD, etc. And that would be bad for many reasons as we all know. Someone smarter than me could probably theorize an alternative catalyst, but non the less a catalyst for desire is needed in my opinion, without it, Bitcoin might be in for a rocky decade+ ahead
[https://charts.cointrader.pro/charts.html?coin=TETHER%3AUSD](https://charts.cointrader.pro/charts.html?coin=TETHER%3AUSD) Tether is well within its trade band. Hardly a depeg. Looks like insiders are trying to orchestrate a short, on market weakness. Don't be surprised to see their media asset coordinate hit pieces... true or not. (Reddit posts being amongst their assets.) Know the game being played folks.
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.
I think AUSD is the reason people are guessing the country here.
So, what is the actual meaning of the AUSD here is well??
My bad. I thought it was AUSD as in AUStralian Dollar. Be easy.
>price of it in AUSD What is AUSD? Do you think the Australian dollar is called the "Australian US Dollar"? Its AUD, Australian Dollar. Not AUSD.
Moonbeam is one I have high hopes as it is easy to use and already has some big players. Acela - maybe. They AUSD debacle isn’t great though they are handling it much better than HarmonyOne - not that the bar was super high there. I like their platform and hope they survive.
Well, well, well. Besides USDT, USDC, & BUSD which are pretty popular, I know AUSD. That's the one on the Acala Network. And that's because they got their oracle services from DIA, which I'm part of its community. I think another one I know is the stablecoin on TRON. But it's all good. That's the development we want in the space.
Everytime I see someone mention "AUSD" I automatically get worried about my how the Aussie Dollar is doing... xD
This AUSD thing is still looking pretty bad huh?
tldr; Polkadot’s DeFi protocol Acala was hacked by a hacker who managed to access almost $1 billion in AUSD. The value of the AUSD has depegged, swinging between 80 and 95 cents as of this writing. The Polkadot team could only say that the Horizon protocol was experiencing configuration problems and that an emergency vote had been taken to halt all network activity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>but at the end of the day its completely unacceptable that this could even happen in two days. Are you saying that AUSD is only two days old?
"Binance CEO Changpeng Zhao (CZ) also tweeted about the AUSD situation. CZ wrote: ACALA protocol is currently compromised. Apparently, there was a bug in the iBTC/AUSD pool and [the] attacker’s wallet now holds over a billion AUSD. We are monitoring. (AUSD is not listed on Binance)." -------------- " A flurry of other reports say a hacker managed to mint 1.2 billion AUSD, which ultimately caused the stablecoin’s depegging incident. Hours later, Acala confirmed that there was an error that resulted in the minting of large amounts of AUSD. “We have identified the issue as a misconfiguration of the iBTC/AUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of AUSD,” the team said on Sunday."
tldr; Polkadot-based stablecoin alpaca USD (AUSD) lost its peg on August 14, 2022. The stablecoin dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was compromised and an attacker minted 1.2 billion AUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
1.2 billion minted in AUSD
I would say that is because of AUSD mess but do you really care ? All i see here is shitposting anyway and it's so boring.
Hackers account has already been frozen. AUSD is almost back to peg already.
I would have dumped my AUSD, but I don't own any, and never even knew it existed.
so DOT was not staked or locked in LPs against AUSD?
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.
I know AUSD thru its partnership with DIA, a data oracle service. But never got the chance to use acala dollars. But the Acala Network is one network I'm bullish about.
Its not a 1bn hack. The attacker printed $1bn AUSD and dumped it to zero.
same , dodged the bullet by 10 hours here. moved all my AUSD and LDOT to DOT in my ledger now staking.
tldr; Polkadot's stablecoin protocol Acala has been affected by a massive exploit. An unknown hacker has stolen over $1 billion in AUSD. The price of AUSD has dropped between 80 and 95 cents. Polkadot has been largely reliable since its inception, so this exploit is causing a rush of concern. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
ACALA has suffered a security breach. As a result of the attach an additional 1.2 Acala Dollar (AUSD) billion tokens have been minted. Shades of LUNA…
https://www.coingecko.com/en/coins/acala-dollar#:~:text=AUSD%20Price%20Today,in%20the%20last%2024%20hours.
Liquid DOT and AUSD is free falling due to hackers.
It got hacked due to a bug in the iBTC/AUSD pool. So far 1B AUSD has been taken. https://twitter.com/0xTaylor\_/status/1558644379761328128?s=20&t=sqfX\_6X9e67OkGoC0mgTKg
Fuck AUSD Just got rocked
Acala, polkadot's first parachain. They do DeFi. Acala also has their protocol running on Kusama (polkadot's test net) for quite a while now, called Karura. Karura and Polkadot both use acala's stablcoin AUSD.
Right? Lived through lots of such instances. As an example I give you USDN in April. https://charts.cointrader.pro/charts.html?coin=NEUTRINO-USD%3AUSD
You may have the seen Polkadot projects pumping quite a bit over the last couple of days. AUSD is the stablecoin of Acala, one of the first projects to win a slot on Polkadot. aUSD will be used as the stablecoin for pretty much the whole Polkadot/Kusama eco systems thanks to the interoperability of the Polkadot platform. For example you can send some Acala or DOT (for now, there will be many more coming) tokens to the Acala app and then mint aUSD against it. Basically an automated collateralized loan. I think 9 of the big Polkadot projects got together recently and announced a 250 million aUSD fund to help adoption.
I think it’ll be huge and people will regret not buying it now like when ETH was cheap. But I don’t want to be a shill and people should do their own research. - largest # of developers on Polkadot ecosystem - 3rd largest in terms of smart money investment behind BTC and ETH - In very early stage, more room to grow with only Acala, Moonbeam, and Astar up and running. Even on Acala, only its own tokens (ACA, AUSD, LDOT, LCDOT) + DOT are being traded. Its flaw that I can see is it’s not as retail friendly atm compared to ATOM with staking/rewards limitation which encourage smaller investors to stake through exchanges = give exchanges more/too much power?
Thanks and same. I love the project and am going heavy into it. I also just stake some AUSD I don't in the liquidity pools. Mint AUSD, buy ACA to match the ratio and stake the LP for like 27% plus the bonus if you keep it in until August. And this is just getting started with what they have planned. Nice to see other people thinking of cool ways to use Acala. Good luck.
I don't see that. Last week was green. https://charts.cointrader.pro/charts.html?coin=ETHEREUM%3AUSD
A lot of people saying UST. I personally switched away from UST because it dropped to $.92 during a prior crypto tumble, and the whole IRON fiasco increased my skepticism towards algorithmic stable coins. Staking USDC-DAI LP's on Sushiswap (MATIC mainnet) has been in the 15-20% ranges. Similar returns can be had minting AUSD and staking AUSD-BUSD LPs with alpaca finance. Both of these require some navigation of defi.