..Adventurous, Equanimous, Visionary
We meet people almost everyday in our walk(s) of life, and then we collide with an individual who gently gives us the tools to reset our dial(s) ...charter a new course in our life and/or author the next chapter of our life.
Meet Bette Chen: If I had to describe her in 3 words, she is ..Adventurous, Equanimous, and Visionary.
Bette has professional training and experience in computer science engineering and product. At Acala, the founding and core team are a make up of 10X excellence in their respective field of expertise.
Given a chance, Bette's billboard message to 1B people is: Choose The Unknown
One of many ways the folks working at Acala measure success and strive for it is, how and when can they transition + handover the Acala network to the sovereign token holders of the network ...which is quite the opposite to how a Web2 company is built.
In Bette's words, she describes Acala and Karura using the following adjectives.
Acala in 3 words ...Stable, Trusted, and Decentralised.
Karura in 3 words ...Hot, Innovative, and Cool.
Given Acala's focus is engineering and building infrastructure, the core values can be summarised as such: Integrity, Trust, and Fun.
Acala aims to address and build a DeFi protocol, Web3 infrastructure, and PoS related products & services.
The future of DeFi & CeFi will lead us to a new frontier, called HyFi ...which Bette further elaborates in her interview with Dan.
Fast forward into the near distant future, imagine 5% of your cashflow goes into purchasing & holding BTC, and 10% goes into purchasing & staking DOT. One could then use the yield from the above to fund their household expenses e.g. groceries, utilities, etc. etc.
Hypothetically we can expect users from all over the world downloading and using an App from their respective app store, built using Acala's DeFi primitives and enjoying the benefits of participating in a Hybrid Finance (HyFi) wave.
Check out the interview held by our amazing host Dan Reecer, who opens a window into Bette's world and invites us to witness what is about to be unleashed in front of us, for all of us to participate in some way, shape or form.
I invite you to invest some of your time to learn more about Acala, Karura, Polkadot, Kusama, and Substrate.
In your discovery of these technologies and the people who are building on this stack, should you have any questions, please do feel free to reach out to me or anyone else in the community.
Acala is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX — all with micro gas fees that can be paid in any token.
Karura is the all-in-one DeFi hub of Kusama. Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX — all with micro gas fees that can be paid in any token.