# DeFi protocol Acala raises 0M in crowdloans during first Polkadot parachain auction

# DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction

“# DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction ” Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s…

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