Acala Launches Initial $ACA Staking Program

TokenInsight news, Acala, a DeFi platform on Polkadot, has launched $ACA Staking program. It is reported that the total supply of $ACA is 1 billion, fixed and non-inflationary. $DOT held by Acala have been staking and earning staking rewards. The staking reward surplus has been used to buy back $ACA in order to distribute to token holders participating in the staking program. To earn the full staking reward, users will need to stake their $ACA for a full four months and not claim their $ACA rewards until the program ends. Currently, $ACA holders can participate in the Staking program on the Acala Apps webpage.