Welcome to the year 2022! This January, Equilibrium and Genshiro shared the news post frequency which indicates the two projects have been equally busy delivering the best user experience. Are you excited to know our news and the solutions we’ve come up with? Here’s a sneak peak of our January Recap with brief info on main points:
- We’ve Collected 1M DOTs!
- Equilibrium is Announcing 200% To The Moon Bonus Winners;
- Genshiro is gaining stability in the crashing crypto market;
- Our developers are working on possibilities for using GENS liquidity effectively;
- 2,000,000 EQ allocated for Polkadex;
- Equilibrium x Moonbeam friendly bundle;
- Our CEO Alex Melikhov joined Polkadot Conversations & Crypto Hot Seat with Tokenmetrics;
- Genshiro was listed on MEXc & Gate.io;
- Our referral program is offering an increased 5% bonus boosted to 7%;
- You can now vote for Equilibrium via OKEX;
- We have distributed xDOT tokens for Acala, Astar, Parallel, Clover and Efinity;
- Our team contacted users in the 14th Community Call.
Meet the 200% To The Moon Bonus Winners
It’s the first time Equilibrium has offered a bonus this huge! The 200% To The Moon Bonus was a short-term bonus for 12 hours in support of our project. Users had to join the waitlist to receive a priority right when we distributed rewards.
Check out the list of our lucky winners here.
Join the Waitlist to be the first to know about more limited-time bonus events that are coming soon! If you have already joined the list without leaving your Polkadot address, please add it here. We’ll need it to distribute awards.
1 Million DOT Is a Lot!
We are celebrating 1M $DOT collected thanks to our contributors, a great milestone for Equilibrium! Another Flash Bonus event is coming next week. Put your email on the waitlist & leave your Polkadot address that we use to distribute rewards, right here.
How Genshiro Is Sustaining the Crypto Market Turmoil
Recently, crypto markets saw a crash that wiped out somewhere between $200-$300 billion of total crypto market cap. To stand that, we had allocated almost $50 million USD worth of GENS tokens to our users as rewards for supporting our project. But under Genshiro crowdloan rules, only 10% of these tokens were available immediately to users after the distribution event. In total, approximately 30 million GENS tokens actually entered circulation, which is equivalent to approximately $2 million USD at the time of this writing.
This is precisely the kind of event that our system was designed to sustain. Why? Read the explanation in this article.
Our Developers Offered Multiple Use Cases for GENS
This is probably one of the most exciting upcoming developments. We’ve come up with several unique opportunities to use GENS to your advantage. All of the use cases vary according to the difficulty mode. Some of them are ready to use, some are preparing for rollout. Here are just a few case examples:
- Liquidity farming: the more GENS tokens you hold inside the system, the higher your liquidity farming rewards are, with the potential to grow as much as 100%.
- Crowdloans: users may borrow DOT or KSM using their GENS as collateral, then further use that borrowed liquidity to participate in Polkadot and Kusama auctions, leveraging their exposure to the ecosystem projects.
- Triple composite use case: this one is complex but exciting! To know how much you will earn at the end of the day, read this article.
Equilibrium Has Partnered with Polkadex
We have allocated a chunk of 2,000,000 EQ tokens for contributors who lock up their DOTs through xDOT with 10 EQ: 1 DOT on the top of Polkadex rewards scheme. You can read more here.
Polkadex invited Alex to the exciting AMA session where they discussed all things Polkadex Crowdloan, introduced Equilibrium to Polkadexers, and chatted about future synergies between the two parachain candidates. We’ll definitely post a recap in our socials, so stay tuned!
Moonbeam Friendly Bundle
With Moonbeam Network, we offered a friendship bundle bonus that worked till January 22. It was valid for those who had voted for Moonbeam and later on voted for Equilibrium with xDOT. If you’ve missed this offer, find more parachain candidates to support here!
Polkadot Conversations & Crypto Hot Seat with Tokenmetrics
On January 13, you could watch Polkadot Conversations featuring Our CEO Alex Melikhov. To watch Parachain Rollout discussion featuring Join Santiago Balaguer of Parity Tech, Marvin Tong of Phala Network, Ox Brainjar of Composable Finance, and Alexei Zamyatin of Interlay, tap this link.
Alex was also a guest of Crypto Hot Seat of Token Metrics Media LLC, a YouTube analysis and commentary focused especially on blockchain technology and business. Watch Alex explain how one DeFi app can rule them all here.
Genshiro’s listing on MEXc & Gate.io
On January 13, we celebrated the start of GENS trading at Gate.io In just about a week, on January 21, MEXC Global launched a listing campaign where users staked a certain amount of tokens to vote for Gensiro. Soon GENS were listed on MEXC as well!
5–7% Bonus for Referrals, 5% for Referees
It’s now easier to earn on Equilibrium’s crowdloan. You can get a 5% referral bonus for you and your referee. To increase your bonus to 7%, follow the simple steps described here.
You can now vote for Equilibrium via OKEX
Yes, this is basically all the news :) Please use this link to vote.
xDOT launch on Genshiro
We’ve distributed 1 xDOT per 1 DOT contribution for the first batch of auctions in Polkadot: now all the contributors for Acala, Astar, Parallel, Clover, and Efinity can enjoy xDOT liquidity inside our Kusama-based canary network. Utilize your liquidity right away! To stake xDOT and start earning farming rewards which are 45% APR, use this link.
14th Community Call Revelations
During this Community Call that you can watch here we revealed the details about our new bonuses.
Most importantly, we discussed the 200% To The Moon Bonus and why being on the waitlist increases your chances to get it. Though the number of participants is limited, you can still register!
We hope you enjoyed our company this month! Stay posted and be the first to know about our bonuses and special offers by subscribing to Equilibrium’s socials!
About Equilibrium
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. EQ is the native utility token that is used for communal governance of Equilibrium. xDOT is a liquid and tradeable wrapped DOT that unlocks liquidity of DOT locked in parachain auctions and delivers multiple crowdloan bonuses on Polkadot.
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Equilibrium’s January In Review was originally published in Equilibrium on Medium, where people are continuing the conversation by highlighting and responding to this story.
