Rand Brings New Yield Aggregator Strategies with Acala for aUSD Leverage

The recent integration of Acala with the dApp Rand has excited the holders of the aUSD stable coins. Rand will deploy Acala’s EVM+ to introduce new yield aggregator strategies for the platform and the Rand app, producing interest revenue for its customers through the leverage of aUSD stablecoin yield. Rand intends to integrate more Acala capabilities into their application, enabling access to Acala’s DeFi ecosystem as simple as possible for its users.

Acala is a DeFi network that describes itself as Polkadot’s DeFi hub. Acala is leading the business with its Ethereum-compatible smart contract platform built for DeFi and scaling DApps to Polkadot. Apart from the features and flexibility in liquidity and leverage, this DeFi network also carries out operations for a nominal fee and allows payments in almost any token.

aUSD is a programmable stablecoin native to the DeFi network. aUSD runs in the Polkadot ecosystem and receives support from DOT, its derivatives and BTC through cross-chain connectivity. Rand is planning to introduce this lucrative stablecoin to several markets to increase the probabilities of yield production. 

Rand is one of the few projects that have the potential to reduce the issues concerning capital management in the DeFi sector particularly. The app’s automated solutions and innovative interface have made it one of the most sought after DeFi projects in recent times. Thanks to this innovative model, users of aUSD can now deposit or withdraw their holdings for literally zero cost by expanding their contracts to this token on Metamask. One of the numerous yield aggregator strategies from centralized and decentralized markets will be used on aUSD coins to achieve the intended liquidity pools. 

Vaults, both public and private, are key components in achieving Acala’s user goals. Thanks to the recent listings, aUSD holders also can participate in Rand vaults. The public vaults on Rand were created for new investors on the platform. The deposits into the public vaults will be aggregated, and the yield for the week will be randomly distributed among chosen winners. Rand also enables the creation of private vaults where a family, community or group of people deposit and grow the yield towards a particular cause or just split among them. More information regarding the launch and educating the community about the potential opportunities will be updated soon.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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