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#014 Dan Reecer: What Is Polkadot And Why It’s The Future of Web3

Smart Friends

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Building on Etheoriums Block Chain

The acala dollar is not backed by real dollars. It's backedand clateralized by crypto assets like bit cointherium dot and others. A stable coin is built into our block chain itself, so anyone building applications on a colla can comenatively out of the box, leverage that. We've also built a decent ecentralized exchange into the chain. And last thing we mentioned earlier, we were talking about staking. So you can stake your dot and get this l dot, which is a liquid dot um that's liquid.

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