Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19

Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19


Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss.

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Acala wins Polkadot’s debut parachain auction

Decentralized finance protocol Acala was announced as the winning project in Polkadot’s inaugural parachain auction this week, beating fellow competitor Moonbeam to the finish line with a seismic total of 32.5 million DOT ($1.28 billion) raised from 24,934 contributors.

Acala is a multi-functional DeFi platform built on Polkadot that enables developers to build smart contracts applications with cross-chain capabilities, as well as being compatible with Ethereum. Its top

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