Acala has won the first parachain auction held by Polkadot (DOT).
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Acala, an Ethereum (ETH) compatible DeFi protocol for scaling dApps, has been the winner of the long-awaited Polkadot parachain auction.
https://twitter. com/Polkadot/status/146135936859838728
Acala managed to win the first slot with 32,515,989 DOT (about $1.3 billion) locked out of more than 81,000 community members at the parachain auction in Polkadot. The funds will be used for many different activities. Initial considerations include launching a stablecoin on the Polkadot network and creating a DEX.
The Polkadot community also predicted that Acala would win the auction.
