Acala’s Parachain Lease to Finish on October 24th

Name: Parachain Lease End
Start: 2023-10-24T00:00:00Z
End: 2023-10-25T00:00:00Z

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Acala has announced that its parachain lease will end on October 24th. The lease was for a period of two years. The liquid crowdloan DOT (LCDOT), which represents DOT that has been locked into the Acala crowdloan, will be convertible back to DOT on a 1:1 basis after the lease ends.

Event date: October 24, 2023 UTC

Acala
@AcalaNetwork

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Acala
@AcalaNetwork

LCDOT is short for Liquid Crowdloan DOT - represents DOT that has been locked into the Acala crowdloan. Acala leased a parachain slot for 2 years and after oct 24th, 2023 (https://polkadot.subscan.io/block/17856000) when the lease ends, LCDOT will be convertible back to DOT on a 1:1 basis.

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