Rand To Launch Yield Aggregator Strategies on Acala, Leveraging aUSD Stablecoin Yield for App Users

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Acala

3 min readFeb 22, 2022

We’re excited to welcome Rand to the Acala ecosystem! Rand will launch new yield aggregator strategies for their app and platform using Acala’s EVM+, generating interest income for their users by leveraging aUSD stablecoin yield. Rand plans to incorporate additional features from Acala into their app, making it frictionless for their users to access Acala’s DeFi ecosystem.

Meet Rand:

Rand has chosen Acala and its native decentralized stablecoin aUSD as the next chain to expand its 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.

Get To Know Rand Vaults:

The Rand App and platform is entirely powered by our yield aggregator, enabling interest-income with user’s funds through multiple decentralized and centralized crypto strategies, one of which will be providing liquidity using aUSD to the Acala DEX.

The following core products are crucial in reaching our user objectives:

Public Vaults
Private Vaults

The Public Vaults are hosted and created by Rand to provide a financial gateway to new users of our platform. Users can gain access by depositing funds and by the end of the week, all yield/interest produced by the participants’ deposits is distributed to a number of winners. The idea is simple. We’re giving every depositor the opportunity to earn a big return without risking their funds.

Private Vaults are created between your circle of friends and/or family, where known contacts are invited to pool the funds and earn together for a common goal. Groups of people are able to achieve their shared financial goals faster and more effectively with this investment vehicle.

What’s Next

The Acala and Rand teams will be keeping the community updated on the launch of Rand on Acala, including more education around Rand’s product, team, and roadmap.

You can follow along on the Acala or Rand Twitter accounts, or any of the social links below.

Build on Acala

If you’re a team looking to build on Acala or looking for support from Acala Grants, please get in touch with our team to chat about how we can support you.

About Rand

Rand Network aims to solve one of the most significant sources of stress in young adults and professionals with the time and knowledge to obtain a return on their capital. Simply put, Rand is a mobile app that allows you to achieve your financial goals on autopilot through easy-access, gamified DeFi.

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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.