It’s official: Equilibrium will be onboarded as the 12th parachain of the Polkadot network! Our team is excited to win the slot in a series of intensive auctions. It took us more than two years to become a meaningful part of the ecosystem since we released our whitepaper and started developments on the Substrate framework in February 2020.
Words are limited to describe all our gratefulness to our community who has been supporting us during this amazing journey. Equilibrium saw extensive participation of small players who contributed to our crowdloan campaign. Our data shows that individual retail users with less than 10,000 DOT each helped us dominate the competition. These numbers prove how much people trust Equilibrium’s mission to make a difference in DeFi.
Here’s what Alex Melikhov, CEO and founder of Equilibrium, had to say: “We’ve been extensively building during the past few years and this time has come: very soon we will be launching the first orderbook DEX with margin trading on Polkadot. It will allow for trading with high leverage being combined with a money market that applies the lowest collateral requirements ever. We are sure that these innovations will drive liquidity to the ecosystem and attract advanced market makers along with retail investors”.
What to expect next?
Onboarding as a parachain will be initiated after the second auction of the current batch comes to the end on March 31. The process will require some technical preparations from our side and accuracy. Our main focus will be on cyber security and bootstrapping initial liquidity. We will give you a high-level overview of our next steps below.
Meanwhile, our team will be presenting a detailed roadmap of our production launch during our next celebratory community call on March 24. Don’t forget to save your spot here.
Main launch phases
Here is a bird’s-eye view on our roadmap for the coming months:
As such, we expect to have our money and spot markets launched in full scale by June with initial liquidity collected during a dedicated bootstrap event in May.
Why Equilibrium matters for the ecosystem?
Equilibrium is designed as a superapp that merges the most popular DeFi use cases. It offers borrowing and trading digital assets cross-chain with high leverage. Having said, Equilibrium combines an orderbook DEX with margin trading capabilities and an innovative money market with minimum collateralization requirements as low as 105%.
A comprehensive toolset for professional market participants guarantees depth of liqudity and enabling earning on securing loans, making markets, and liquidity provision. Professional market makers can think of Equilibrium as a decentralized prime brocker that offers them participation in insurance business.
This functionality combined improves user experience, solves the problem of liquidity fragmentation across blockchain networks, attracts more liquidity to the Equilibrium’s parachain and Polakdot overall.
Eqiulibrium’s key advantages
Equilibrium introduces innovative features inherited from mainstream finance that have never been implemented in DeFi before. Specifically:
- Lowest collateral requirements ever: minimum collateralization level is as low as 105%
- Risk-based approach to loan pricing: it allows borrowers to affect costs of borrowing by setting higher collateralization or providing less volatile assets as collateral
- Portfolio margining: we consider all user assets as a single portfolio that reduces borrower risks significantly and helps users manage their risks more effectively
- Bailouts: innovative approach to liquidations opposed to auctioning that makes system way more balanced
Equilibrium is focused on making DeFi safe, enjoyable and available to everyone. It doesn’t matter what your experience level is or where your digital assets are. Our team is on a mission to make this technology accessible in and out of the crypto community. As we begin distributing EQ tokens, our passion for DeFi and all of its benefits are never ending. We can’t wait for what’s in store for us as we’ve set sail and our journey continues.
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