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Honzon Protocol

Honzon Protocol is a stablecoin issuance protocol on Acala that enables users to deposit crypto assets as collateral to open collateralized debt positions and borrow aSEED stablecoins. The protocol uses an automatic risk management algorithm, on-chain governance, and an auction mechanism to maintain collateral ratios and manage liquidations. Supported collateral types include DOT, LDOT, and other cross-chain assets.
Category: Stablecoin Issuer
TVL: $2M

Acala Foundation

Acala Foundation operates Acala Network, a customizable, EVM-compatible appchain designed as a liquidity layer for Web3 finance. Acala provides backend infrastructure and built-in financial tools including the Universal Asset Hub, decentralized exchange, DOT liquid staking, multichain asset routing, staking, governance, and aSEED functionality. It supports developers building Solidity or Substrate applications and runs an ecosystem program providing funding, technical, and growth support to early-stage teams integrating with Acala network and protocols.
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Funding Rounds

Funding Round: Ecosystem Foundation raise
Funding Date: 25 Mar, 2022
Raised Amount: $250M
Funding Round: Public Sale
Funding Date: 1 Sep, 2021
Raised Amount: $93M
Funding Round: Series A
Funding Date: 1 Aug, 2020
Raised Amount: $7M

Investors