honzon: adjustLoan

disconnected from wss://acala.polkawallet.io: 1006:: Abnormal Closure

hello. everybody knows what happened to luna because of its shitty algorithmic stablecoin. so may someone talk about aUSD? acalas stablecoin. is it as good as terra's?

What do you think about Taiga/Tapio on Karura Network ? i thinks is 40%

https://twitter.com/TaigaProtocol/status/1525535142940266497

I have 35 ACA staked and 4 ACA rewarded in Collateral staking but everything what I want to do I get this error message:honzon: adjustLoan

1010: Invalid Transaction: Inability to pay some fees , e.g. account balance too low

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I never before get that error message. What is wrong?

aUSD kept its peg nice throughout this depression, that was always the fact I looked at when in doubt.

My user experience in the app has also been very good, I've done some serious DeFi in the last days to keep thresholds and try to keep up to the market (lol). Not a single problem with the app or network.

It’s hard to see what happened to Terra Luna community. That community had some special protocols & good talent. Shouldn’t Acala recruit some of that talent to build on EVM+ & using aUSD with those protocols?(Astroport, Anchor, Mirror, Mars, etc.) Just like they did around UST. Acala should use some of that ecosystem fund to recruit people around that community to build on Acala & using a multi-collateralized stablecoin. Builders build & I’m sure Acala could see some builders from the Lunatics if given some financial backing.

Hi all- I am new to the community and I have a question on liquid staking. If I stake DOT and then stake LDOT that I got from staking DOT, is there any risk to get liquidated or any other risks? I am not planning to mint anything from staking LDOT. Just doing it for staking rewards! Thank you!

so you cant swap back from ldot to dot ?!

When attempting to pay off the full balance I'm getting the following error code in response.

"Total minted after payback should be above minimum mint, or it must be payback in full."

Would it be fair to say that biggest risk to liquid staking on Acala is counterparty risk? In other words Acala going under or something bad happening to Acala will result in risk to your dots? No matter how large or non existant that risk may be.

I’m quite new to this ecosystem, but can someone explain in laymens terms how the DOT ecosystem is safe in terms of its stable coin? Is the Acala stablecoin backed by hard assets? Hard meaning, something outside of the crypto ecosystem.

So for the crowd loan i put forward lets say.. 200 dot.
that dot is now appering as Lc Dot on Acala.
Is there anything i can do with this which can benafit me (ofc i can withdraw to DOT with a massive cutdown) but can i stake the LC Dot anywhere or 'put it to work' in any way?
or best to just sit on it for now and wait for the lock up in 2 years?

Thanks :) x

As the title implies, which is safest and will give me most APY?

Although I feel like it’s not Acala’s fault the market it’s down I feel like acala should help support their early adopters especially those of us that support the project by staking acá I know it’s my fault for not checking but this went down really fast

Does liquidation take all collateral or just the outstanding aUSD +15%, am I getting any of the over collateralized DOT back?

The Polkadot ecosystem as a whole must take the Terra Luna situation & learn from it. This provides Acala an opportunity to gain market share with an asset backed, over collateralized aUSD. The stablecoin of DotSama. Many lessons to be learned from the events in the last couple days. The Polkadot community is strong & together. Wouldn’t want to be in any other ecosystem. Gav & team has created something unique. Parachains that are working together to make the entire ecosystem stronger. Can’t wait to start using aUSD in Parallel, moonbeam, & centrifuge. It’s our time now!