Avail announced the acquisition of the chain abstraction protocol Arcana, and the XAR token will be exchanged for AVAIL at a ratio of 4:1

ChainCatcher news, according to The Block, the modular blockchain infrastructure project Avail has officially completed the strategic acquisition of the chain abstraction protocol Arcana. According to the integration plan, all XAR tokens will be exchanged for AVAIL tokens at a ratio of 4:1, and Arcana's core technological tools will be fully integrated into the Avail tech stack, with its core development team also joining the Avail project.

Regarding the token unlocking mechanism, the AVAIL tokens obtained through the exchange will have a linear unlocking period of 6 to 12 months, while the tokens held by the original Arcana team will have a unlocking arrangement of up to 3 years.