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What is OAK Network?

OAK is the primary token utilized by OAK Network, which functions on a delegated proof of stake model aimed at enabling decentralized and trustless automation across multiple blockchains. The network seeks to provide users with simple and economical solutions for scheduling and automating payments, triggered by time, changes in token value, or specific occurrences. In order to effectively support millions of users, OAK must build a strong ecosystem that ensures security and promotes active participation from all stakeholders in the network. This document details the economic framework that OAK employs to encourage sincere involvement from a diverse array of participants, including users of automation, stakers, collators, and investors. Individuals can become eligible for the distribution of OAK tokens by engaging in initiatives like OAK Network's crowdloan, ambassador program, bug bounty, and other opportunities, which in turn enhances community engagement. Active participation in these initiatives not only yields benefits for the participants but also fortifies the overall resilience and functionality of the network. In fostering a collaborative environment, OAK Network aims to create a sustainable model that can adapt and thrive as the ecosystem evolves.

What is Acala?

Boost your decentralized application (DApp) on the Polkadot network by harnessing the capabilities of Acala, a smart contract platform that effortlessly connects with Ethereum and is designed specifically for decentralized finance (DeFi) applications. Acting as the central liquidity hub and DeFi network within the Polkadot ecosystem, Acala operates as a layer-1 platform focused on scalability, compatibility with Ethereum, and augmented DeFi features, including integrated liquidity and pre-existing financial solutions. Developers can take advantage of Acala’s trustless exchange, the decentralized stablecoin aUSD, and DOT Liquid Staking (LDOT), along with EVM+ capabilities, to capitalize on the benefits of both Ethereum and the extensive features offered by substrate technology. This integration facilitates the management of assets and derivatives based on DOT, as well as access to a stablecoin native to Polkadot and various cross-chain assets from leading platforms such as Bitcoin and Ethereum. Moreover, Acala's framework is meticulously designed for enhancements in DeFi, allowing for continuous upgrades without the need for forks, thus enabling new functionalities to be seamlessly integrated based on developer requirements. Additionally, the innovative on-chain 'keepers' serve to automate operations within the protocol, which not only improves risk management and user experience but also permits transaction fees to be paid using almost any token available, showcasing the platform's versatility and user-centric approach. This comprehensive ecosystem empowers developers to create more robust and efficient financial applications while fostering a more interconnected blockchain environment.

Media

Media

Integrations Supported

Polkadot
Ankr
Ava Protocol
Blockdaemon
Centrifuge
ChainX
Chainlink
DEX Screener
Dwellir
Ethereum
Kwikswap
MetaMask
Notifi
OnFinality
Telegram
Tres Finance

Integrations Supported

Polkadot
Ankr
Ava Protocol
Blockdaemon
Centrifuge
ChainX
Chainlink
DEX Screener
Dwellir
Ethereum
Kwikswap
MetaMask
Notifi
OnFinality
Telegram
Tres Finance

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

OAK Network

Date Founded

2020

Company Location

United States

Company Website

oak.tech/

Company Facts

Organization Name

Acala

Date Founded

2019

Company Website

acala.network/

Categories and Features

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