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Avail announces the acquisition of the Chain Abstract Protocol Arcana, where the XAR token will be exchanged for AVAIL at a 4:1 ratio.
By: theblockbeats.news|2025/08/27 23:42:23
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BlockBeats News, August 27th, Avail announced the acquisition of the chain abstraction protocol Arcana. All XAR tokens will be exchanged for AVAIL at a 4:1 ratio. Arcana's tools will be integrated into the Avail stack, and most of its team members will also join Avail. The unlocked AVAIL from the exchange will be vested over 6 to 12 months, while the Arcana team's tokens will vest over 3 years.
Avail is a modular blockchain infrastructure project backed by Peter Thiel's Founders Fund and other prominent investors.
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