Acala

acala.md

• References:
  • https://github.com/AcalaNetwork/Acala/wiki

Setup Acala Node

• Fork https://github.com/AcalaNetwork/Acala
• Clone your fork using SSH. Fetch latest version in branch 'master'. Install submodules into /orml folder. Build and run docker container.

git clone [email protected]:ltfschoen/Acala.git
git remote add upstream https://github.com/AcalaNetwork/Acala
git pull --rebase upstream master
git submodule update --init --recursive
docker build --tag acala:latest .
docker images
docker run --detach --name acala-latest acala:latest
doker ps -a
docker exec -it acala-latest bash
docker exec -it $(docker ps -q) bash
cd /usr/local/bin
acala --name=5DRech3cqa15p3m7rgd1AoLbm8erSbdddUJLo18ESvuUbscN --execution=native -lruntime=debug

Create Acala/Laminar Accounts

• Go to https://polkadot.js.org/apps/#/settings
• Connect to Acala Mandala chain
• Create an account https://polkadot.js.org/apps/#/accounts

Obtain ACA, aUSD, and LAMI tokens

• Request ACA and LAMI tokens from the faucets by joining Discord https://discord.gg/Z4JtEmM
• Go in #laminar-faucet and #acala-faucet and run !drip <YOUR_ACCOUNT_ADDRESS>

Interact with Acala and Laminar UIs

Acala

• Go to https://apps.acala.network/wallet
• Connect Polkadot Extension to load account

Use DeX to swap tokens

• Go to https://apps.acala.network/swap
• Choose aUSD for DOT (e.g. 200 aUSD for 1 DOT)
• Click "Swap" dex.swapCurrencies

Use DeX to provide liquidity

• About: "Stablecoins powered by the Acala Network can be transferred to all chains in the Polkadot network, which will boost its liquidity and adoption to a degree that a single-chain asset would not be able to achieve."

• Go to https://apps.acala.network/deposit

• Choose "Deposit Liquidity"

• Exchange ACA for aUSD (e.g. 0.1 ACA for 1 aUSD) dex.addLiquidity

• Click "Deposit"

Use Honzon stablecoin to collateralize for aUSD

• Go to https://apps.acala.network/loan for "Self Serviced Loan"
• Click "Create"
• Select collateral (e.g. DOT) to be used to generate aUSD
• Enter a proportion of that collateral to lock/deposit (e.g. 0.25 DOT)
• Enter amount of aUSD to borrow (beware of risk of liquidation)
• Create honson.adjustLoans loans.positionUpdated
• References
  • https://github.com/AcalaNetwork/Acala/wiki/2.-Honzon-Stablecoin#honzon-on-mandala-test-network
  • https://github.com/AcalaNetwork/Acala/wiki#21-multi-collateral-type-cdp

Use Homa protocol to get staking derivative LDOT

• Go to https://apps.acala.network/homa
• Mint/stake DOT for L-DOT
• Enter DOT to stake (e.g. 0.25 DOT)
• Click "Deposit" home.mint stakingPool.BondAndMint

Transfer aUSD to Laminar Chain

• Go to https://apps.acala.network/wallet
• Click "Cross-chain"
• Click "aUSD"
• Enter a value e.g. 500 aUSD
• Click "Transfer"
• Go to https://flow.laminar.one/dashboard (with same account loaded from Polkadot.js Extension)
• Check that the aUSD balance shown has been updated

Use the transferred aUSD for synthetic asset trading

• Go to https://flow.laminar.one/swap
• Choose send AUSD (e.g. 500) to receive FXAU (e.g. 0.25)
• Enter an amount to send

Use the transferred aUSD for margin trading

• ??? Always gives error marginProtocol.InsufficientFreeMargin

Mint renBTC and use it in above activities

• Go to https://apps.acala.network/swap
• Swap something like aUSD for XBTC
• Go to https://apps.acala.network/wallet
• Click "Cross-chain"
• Click "renBTC"
• ...

Participate in auctions of system

• References:
  • https://github.com/AcalaNetwork/Acala/wiki/6.-Auctions
  • Example https://github.com/open-web3-stack/guardian/tree/master/packages/example-guardian

Laminar

Connect LaminarChain

• Go to https://flow.laminar.one/
• Connect Polkadot Extension to load account

Connect Ethereum (MetaMask)

• Switch MetaMask to Kovan testnet
• Load an account with Kovan Ether balance that you obtain from a faucet https://faucet.kovan.network/
• Go to https://flow.laminar.one/swap to Swap tokens from Kovan network Compound's DAI, which you can get from https://app.compound.finance/ the DAI deposit section, or through the contract (if still available). The faucet here is only for substrate based Laminar Chain

Obtain Kovan testnet DAI

• Go to https://app.compound.finance/
• Enable Kovan testnet ETH as collateral.
• Borrow DAI using that collateral.
• Go back to https://flow.laminar.one/swap and use it to swap for Flow Network F___ tokens
• NOT A PRIORITY

View accounts in Subscan Explorer

• Go to https://acala-testnet.subscan.io
• Enter YOUR_ACCOUNT_ADDRESS