It was another big month in the books for us at Equilibrium! We’ve compiled a list of the major highlights and developments to keep you updated on our progress.
- Equilibrium’s launch roadmap published
- Republic partnership
- We’re hiring!
- Polka DeFiance 2022
- Extension of liquidity bootstrap event on Genshiro
- EQ contributors received xDOT
- Reverse swap for PLO1 participants update
- Alex is mentoring at Outlier Ventures Base Camp
- AmsterDOT
- Recent AMAs
- xDOT partnerships: Litentry, Unique, Polkadex
Equilibrium’s launch roadmap
At the beginning of the month, we published the Equilibrium launch roadmap. This came after Equilibrium won a parachain slot to be onboarded on Polkadot as the 12th parachain. Naturally, this brought on excitement within the community and many follow-up questions surfaced.
The roadmap clarified the next steps for Equilibrium over a three-month period, while in the process of transitioning to these new developments. Moreover, the roadmap is a signifier of our increasing presence in the DeFi space and our commitment to future innovative DeFi developments.
You can easily track our progress through our live Notion roadmap.
Republic partnership
In an effort to continue our expansion in the DeFi space we announced our new partnership with Republic Crypto.
Republic Crypto is a private investing platform for investors looking into crypto startups with great potential. They are responsible for raising large amounts of capital and work with big name players such as SpaceEx and Robinhood.
Our partnership with Republic marks another step in our DeFi journey. Stay tuned for further details and announcements regarding the partnership and join the whitelist for the first EQ public offering now!
We’re hiring!
A less technical but nonetheless important announcement for the Equilibrium community is that we’re hiring! We’re looking for individuals passionate about technology and building the future of DeFi interactions.
If that’s you check out our openings to see if there’s a fit.
Polka DeFiance 2022
Polka DeFiance is an exciting DeFi event with the aim to unite passionate community members.
The conference invited DeFi leaders, along with key players in the industry. Speakers included voices from top companies and parachain projects in the Polkadot ecosystem such as Parity Technologies, Parallel Finance, and others.
Moreover, we had a series of stimulating panels on pertinent industry topics including “ DeFi emergence on EVM-compatible parachains”, “bootstrapping an interoperable ecosystem in Polkadot”, and “how Polkadot helps bring DeFi to 1.3 billion people”.
If you missed any of the action check out our YouTube channel for the recaps!
Extended Liquidity Bootstrap event on Genshiro
Our liquidity bootstrap event helped us gather substantial liquidity into MM pools and the bailsman pool. It marked the launch of our first trading pair: KSM / EQD.
Although the event highlighted the strength of the community, the target of $500,000 per asset was not met. This prompted us to alter the bootstrap mechanics going forward.
This includes an indefinite bootstrap event. All threshold rewards remain and will be distributed as thresholds are met. Subsequent trading pairs will launch when there is at least $500,000 on the ask side and $500,000 on the bid side.
EQ contributors have received xDOT
Another exciting development in April was the transfer of xDOT allocations to participants in the Equilibrium crowdloan. Participants were able to transfer their xDOT from the Equilibrium parachain to Polkadot via the bridge post-launch.
For those with xDOT to utilize, token holders can stake and earn interest on their holders. Moreover, the tokens can be used as collateral for borrowing other assets. If used in the Genshiro liquidity bootstrap, token holders can earn up to 150% APR.
Reverse swap for PLO1 participants
We released an important update for participants in PLO phase 1. Requests for reversing swaps are now available and users can receive DOT back in exchange for EQ.
As of April 28th, all participants who requested reverse swap have received their DOT back in full.
Alex mentors at Outlier Ventures Polkadot Base Camp
Our very own CEO Alex Melikhov is set to mentor at the Outlier Ventures Polkadot Base Camp! His entrepreneurial and blockchain experience will work in tandem to help accelerate new innovators in the DeFi space.
The program works with in-house experts, who have collectively helped launch over 100+ projects! Alex will highlight his 6 successful teams, building on Substrate, and future parachain projects.
AmsterDOT
The online Dotsama hackathon (AmsterDOT) kicked off on April 20th. The virtual hackathon is open to all and is set to last until June 3rd.
Equilibrium participated in AmsterDOT in various capacities. Our team met with ecosystem projects such as Acala, Manta Network, Phala, Interlay, Parallel, Nodle, and Astar. We connected with funders like DFG, Spartan, Sino Global, TGRC, and Genesis Block Ventures. Lastly, we met with market makers (MM) and LPs including WOO Network, GSR.
Our team networked with various communities and influencers in PolkaHouse. At the Parity organized parachain gathering, topics covered included: XCM integrations, building ecosystem vs. protocol, our interaction with Parity, and more!
AMAs in communities
Our community is the backbone of Equilibrium. Any chance we get to connect with and leverage our base is one we will take. Throughout the month of April, one of the ways we did this was through several community AMAs.
We collaborated with CryptoTalkz, where Alex spoke on the ethos of Equilibrium and what makes it unique in the space. Infinity Chain and CryptoClub01 also hosted an AMA with Alex on the latest updates and more.
xDOT partnerships
xDOT entered into new partnerships!
April, ushered in partnerships with Litentry via its crowdloan. More than $165,000 DOT was contributed to Litentry via xDOT. Unique also received Equilibrium support of its crowdloan with at least 567,210 $DOT raised. Finally, our ecosystem allocated an extra 250,000 EQ in support of Polkadex ‘s crowdloan. Our collaboration with Polkadex also brought on a joint giveaway with an extra $200 in PDEX. Winners to be announced soon!
Last but not least
We are committed to building a sustainable future for cross-chain DeFi interactions. This cannot be done without the support from our Equilibrium family. As you can see April was yet another mega month for activity and progress in our ecosystem.
Thank you for your support! We look forward to another full month of progress, innovation, and community!
About Equilibrium
Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX. 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: April 2022 In Review was originally published in Equilibrium on Medium, where people are continuing the conversation by highlighting and responding to this story.
