Rand to Launch Yield Aggregator Strategies on Acala: Leveraging aUSD Stablecoin Yield for App Users

In the final weeks leading up to launch, Rand has partnered with Acala to leverage aUSD to initiate new yield aggregator strategies for the Rand app and platform.

We’re excited to welcome Acala to the Rand community! Our newest integration with Acala allows for the launch of new yield aggregator strategies for the Rand app and platform. Utilizing Acala’s EVM+, we can generate interest income for their users by leveraging aUSD(Acala Dollar — aUSD) stablecoin yield. We plan to incorporate additional features from Acala into our app, which will make it frictionless for users to access Acala’s DeFi ecosystem.

Meet Rand:

Rand has chosen Acala and its native stablecoin (aUSD) as the next chain to expand the yield aggregator strategies. The strategies will provide liquidity using aUSD to the Acala DEX and integrate with additional money markets deployed on Acala. Throughout this period, more features from Acala’s native DeFi ecosystem will be incorporated into the Rand app, allowing users an easy and frictionless way to benefit.

Deploying contracts on Acala’s EVM+ allows users to top up their accounts via Metamask directly using aUSD, meaning users can now deposit and withdraw from Rand at almost 0 costs in gas fees.

About Rand

The Rand Network is aiming to solve one of the most significant sources of stress in young adults’ and professionals’ lives — the time and knowledge required to obtain a return on their capital. To achieve this mission, Rand is here to make it easier for you, the user, to find financial freedom via DeFi.

Most simply put, Rand is a mobile app that allows you to achieve your financial goals on autopilot through easy-access, gamified DeFi.

Telegram | Website | Twitter | GitBook | Newsletter

About Acala

Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. The blockchain has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (Acala Dollar — aUSD), a trustless staking derivative (liquid DOT — LDOT), and a decentralized exchange.

Linktree | Discord | Website | Twitter | GitHub | Wiki | Newsletter | YouTube

--

--

--

Rand is a network and platform for no-loss prize games bringing DeFi and Blockchain to the mass market through a very user-friendly interface.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

You Can Still Make Money In Token Sales By Thinking Like A Venture Capitalist

✴️ Strategic Partners ️✴️   ⚡️ The Coinpublic Ventures x Lunastarter ️

Yield Farming and YFValue

Seeds of recovery? Don’t lose access to your Crypto assets

BCH and USDT listed on XcelTrip — Get Discounts on your bookings today!

Blockport — The next leading cryptocurrency exchange?

UHIVE- A NEW BEGINNING OF SOCIAL MEDIA ENGAGEMENT.

Update #5 — Token economics

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Rand Network

Rand Network

Rand is a network and platform for no-loss prize games bringing DeFi and Blockchain to the mass market through a very user-friendly interface.

More from Medium

Cashmere Integrates To The Solana Name Service

What are Liquidity Pools & How To Earn $BONES Liquidity Pool Rewards 🦴

Baby Samo Dev Diary #004–March 13th 2022

What Jan 2022 Looked Like For Rand Network!