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Acala Liquid Staking Review: Is It Right for DOT?

Acala Liquid Staking is a liquid-staking service associated with Acala and DOT. Key details about costs, custody and redemption conditions are unclear, so verify them before depositing.

By the SkyBitcoins review team · Updated

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At a glance

Acala Liquid Staking key facts

Acala Liquid Staking key facts
TypeLiquid staking
NetworkAcala
AssetDOT; LDOT is also listed
Audits2 listed; scope not specified
TokenLDOT
Value locked$1.73M−6.0% 7d
Updated

Acala Liquid Staking FAQs

What does Acala Liquid Staking do?

Acala describes the service as providing liquidity for staked assets and instant redemption. Check the app’s current redemption terms before relying on that, since timing and conditions are not specified here.

What are DOT and LDOT in Acala Liquid Staking?

DOT is named as the asset, while LDOT is identified as the token in the project classification. Confirm the asset and token shown in the app before you stake or use a token elsewhere.

What should I check before using Acala Liquid Staking?

Fees, custody details and the scope of the two listed audits are not specified. Check the app’s transaction details and audit documents before connecting a wallet or depositing funds.

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How we checked

Sources

  1. defillama.com/protocol/acala-liquid-staking(opens in a new tab)

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