Acala updates technology roadmap: Expanding to multi-chain horizons with Sinai upgrade

Acala has released a new technology roadmap showing the necessary steps needed to provide multi-chain services to users.

As the financial center in the Polkadot ecosystem, Acala has released Sinai Upgrade, which is an important progress in its Acala 2.0 plan and aims to broaden the overall Web3 financial horizons. The upgrade aims to enhance the platform’s multi-chain capabilities and set new standards for decentralized finance (DeFi) on Polkadot and any L1, L2, and L3 layer chains.

Multi-chain integration and enhanced DeFi accessibility

The focus of Sinai Upgrade is on multi-chain integration. By introducing advanced one-click multi-chain cross-stack DeFi functions, it enables users to Seamless interaction in different on-chain environments. The feature leverages advanced technologies including XCM (Cross Consensus Messaging) and Wormhole to enable users to easily participate in activities such as staking, providing liquidity and lending across major blockchain platforms such as Polkadot, Ethereum, Solana and Any network of choice.

Empowering the community through open governance

Further enhancing its ecology, Acala has introduced an open governance upgrade to empower its community to directly participate in governance decisions. This democratizes the process of ecological evolution, allowing users to influence the management of treasury, DEX listing, etc., creating a transparent and inclusive community environment.

Security and Performance are Crucial

Sinai Upgrade also addresses the critical need for security in the ever-expanding multi-chain landscape. The introduction of Sentinel, along with asynchronous support, enhanced security and improved transaction throughput, ensures Acala remains at the forefront of blockchain performance.

Enhancing the aSEED Path

Along with these technological advancements, Sinai Upgrade completes the aSEED path, promoting a stable and fair conversion and redemption process of aSEED. This includes establishing clear redemption criteria and committing to a fair and transparent framework for remaining aSEED holders, reflecting Acala’s commitment to maintaining the trust and stability of its community.

Quote from Acala CTO Bryan Chen “Sinai Upgrade is a testament to Acala’s commitment to enhancing the DeFi ecosystem with powerful multi-chain solutions,” said Bryan Chen. “As a Polkadot-native platform, we are uniquely positioned to lead the way toward a more connected and efficient blockchain universe.”

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