The Polkadot, Kusama, and Substrate ecosystems have a wide range of teams and projects building out their ideas for the future. The Web3 Builders series is highlighting many of these teams through this blog and the Crowdcast webinar below.

Acala

Acala is a first-of-its-kind decentralized finance consortium, with a vision to create cross-chain open finance infrastructure for the Polkadot ecosystem. Acala aims to bring stability and liquidity to the crypto world. Acala is founded by two active members in the Polkadot ecosystem: Laminar and Polkawallet.

The initial implementation is a decentralized cross-chain capable multi-collateralized stablecoin powered by the Honzon Protocol with these advanced features:

Leverages the Polkadot’s shared security model, and would enjoy highest level of security of the network from day one

A clear pathway towards decentralisation and community-ownership with on-chain governance

Specialized Stablecoin Chain with the ability to customize fee schedule that would enhance usability hugely while maintaining network security

Future-Proof with the ability to adapt and upgrade without forking.

Laminar

Laminar is a financial institute-backed decentralized finance protocol company that creates an open, transparent, and trustless trading platform along with financial assets to serve traders from both the crypto and mainstream finance worlds. Laminar’s goal is to introduce new, competitive business models to mainstream financial service providers. These new protocols are also empowering developers to build more open finance services to strengthen the DeFi ecosystem.

Laminar’s flagship product Flow Protocols powers synthetic assets and margin trading with instant liquidity, better asset efficiency for both traders and liquidity providers, transparent pricing and counter-party actions etc. It will initially be deployed on Ethereum as a value gateway and leverage the DeFi ecosystem there; later it will be bridged to the LaminarChain — a Substrate-based high performance trading chain implements the Flow Protocols. LaminarChain will use aUSD as base trading currency.

Ruitao Su

CEO & Co-Founder @ Laminar

“Web3 Builders: Laminar & Acala” on Polkadot’s Crowdcast