Acala Foundation, the DeFi hub of Polkadot, is collaborating with institutional liquid staking protocol Alluvial to launch the first enterprise-grade liquid staking solution for <a href="https://www.cryptoknowmics.com/news/polkadot-parachains-spike-after-the-launch-of-a-250m-ausd-stablecoin-fund/" target="_blank" rel="noopener">Polkadot</a> (DOT).
<h2>Non-Custodial DOT Liquid Staking Product</h2>
According to an official <a href="https://www.prnewswire.com/news-releases/acala-foundation-joins-alluvial-coinbase-cloud-and-figment-to-support-founding-team-to-provide-compliant-enterprise-grade-polkadot-dot-liquid-staking-product-to-institutions-301577608.html" target="_blank" rel="nofollow noopener">press release</a>, from today, Alluvial's support for Polkadot (DOT) makes it the first multi-chain liquid staking solution for institutions. The institutional liquid staking protocol is already establishing a new liquid staking standard with early support from Coinbase Cloud and Figment.

With the launch of the new product, Acala's non-custodial DOT Liquid Staking product can serve the needs of institutions in a compliant, permissioned environment offering KYC/AML checks and non-custodial asset management.

Commenting on the development, Matt Leisinger, CEO of Alluvial, said:
<blockquote><em>"We're incredibly excited that Acala is joining with Alluvial. The liquid staking standard is now multi-chain, a first for the ecosystem, and a big step forward towards achieving the mission of bridging the world's wealth to secure a neutral and decentralized foundation for the next generation of the internet,"</em></blockquote>
The product also allows token holders to strategically utilize their DOT tokens in a user-friendly, secure, and efficient manner. Once a user stakes their DOT on Acala, they receive Liquid DOT which is a receipt token that represents ownership of staked DOT. It can then be used to mint Acala USD (aUSD), lend, trade, stake, and participate in additional use cases.

Acala to Launch Enterprise-Grade Polkadot Liquid Staking Solution

Acala Foundation is collaborating with Alluvial to launch the first enterprise-grade liquid staking solution for Polkadot (DOT).

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Acala to Launch Enterprise-Grade Polkadot Liquid Staking Solution

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