Satori To Launch Polkadot-based Perpetuals on Acala’s EVM+, Integrating aUSD and LDOT as Collateral Assets

Published in

Acala

4 min readMay 12, 2022

We are excited to welcome Satori to the Acala ecosystem! Satori will allow shared liquidity and trading across different Polkadot Parachains, enabling Acala users a more unified and robust trading experience. Satori’s decentralized derivatives platform utilizes full utility for DOT holders and leverages derivatives trading on Polkadot with Acala’s aUSD and LDOT as collateral.

Meet Satori: A Polkadot Derivatives Powerhouse

Satori is an exchange platform serving retail and institutional investors, allowing them to leverage derivative trading with their DOT tokens. The platform empowers traders by enabling free expression in money markets to overcome capital inefficiencies through creative financial transactions, otherwise unavailable in spot markets. Users can grow their earnings by executing sophisticated trades involving leverage while simultaneously accessing the flexibility to formulate payoff and risk profiles tailored to their needs.

The platform caters to both sides of its user base; retail investors benefit from the execution of both orderbook and AMMs, while institutional investors enjoy a robust exchange experience with ready-to-use APIs, lightning-fast transaction execution, and resilience against extreme market events. Satori delivers all these services via a simple U.I. that individual investors will appreciate.

Satori aims to help DOT holders unlock the full potential of DOT by giving them access to their own derivatives platform. DOT owners will access a broader market and experience more use cases for their tokens after the launch of Satori in Acala’s EVM+ and additional parachains.

Derivatives 101

A derivative is a contract between two traders where the underlying resource determines the agreement’s value; in Satori’s case, the asset is any crypto supported by the platform. Satori brings derivatives in all forms to the Polkadot ecosystem. Satori’s launch on Acala’s EVM+ and access to Polkadot’s ecosystem improves the circulation/liquidity of tokens supported by the different Polkadot Parachains, including Acala.

Derivatives in Polkadot (and Acala) will help keep transaction costs low and the market efficient. Trading crypto derivatives is cheaper than directly trading cryptocurrencies, mitigating crypto trading risks like market volatility; traders can still gain from their derivatized assets when the market performance is against them.

Satori will Integrate aUSD and LDOT as Collateral

Acala EVM+ combines the Ethereum Virtual Machine with the customization and flexibility of Substrate, Polkadot’s blockchain development framework. Projects like Satori can exploit DeFi primitives, liquidity, userbase, customizable economic policies, flexible fees, native cross-chain compatibilities, and more on the Acala EVM+.

Over the coming weeks, Satori will integrate aUSD and LDOT as collateral for trades on its platform. With Satori’s multi-parachain deployment strategy, this connectivity creates different markets to use aUSD and LDOT for additional yield.

Satori’s launch on Acala’s EVM+ enables users to extract optimal utility and liquidity from their DOT tokens and access aUSD collateral. Acala enables value extraction through minting aUSD with supported crypto as collateral, and Satori provides a high-quality derivatives platform for DOT holders.

Follow the Integration

The Acala and Satori teams will keep the community updated on the integration of Satori, including more education around Satori’s products, team, and roadmap. To stay up-to-date with the latest information on Satori, join the platform’s Twitter, Discord, or subscribe to their Substack and Medium.

Build on Acala

If you’re a team looking to build on Acala, integrate the aUSD stablecoin, get funding from the $250 million aUSD Ecosystem Fund, or receive support from Acala Grants, please get in touch with our team to chat about how we can support you.

About Satori

Satori is the first on-chain derivatives protocol built on Polkadot, helping investors unlock the full potential of DOT with access to their own, dedicated platform.

In pursuit of opening derivatives trading to all, Satori offers:

The security and transparency of a decentralized exchange
The speed and usability of a centralized exchange
A hybrid liquidity model tailored for both retail and institutional investors

Satori will be launching on Moonbeam, Acala, Parallel, Astar, and Clover in the coming weeks, welcoming users to deposit DOT (including staked and synthetic), begin trading large-cap perpetuals, and join the future of derivatives trading that is open to all.

About Acala

Acala is a decentralized finance network powering the aUSD ecosystem. The core product, Acala USD (aUSD), is a decentralized, multi-collateral, crypto-backed stablecoin serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers to leverage, including a trustless staking derivative (liquid DOT — LDOT), a decentralized exchange, and the EVM+, a hybrid EVM offering a fully Ethereum-compatible development environment plus full compatibility with Substrate.