Last week, on May 26th, we held our 18th community call. We hold these sessions in effort to keep you all updated on what’s happening both behind the scenes and in general in the Equilibrium ecosystem.
The hour-long call had a packed agenda which covered everything from the EQ Republic offering to development updates. Equilibrium CEO Alex Melikhov hosted the call, along with Senior Project Manager Peter Streelman.
For those of you who missed it, we’ve created a recap with everything you need to know!
EQ Republic Offering Terms
The first item on the agenda was the terms of the EQ Republic offering. This is our long-awaited launch of EQ in a public offering in collaboration with Republic Crypto.
https://twitter.com/EquilibriumDeFi/status/1531253631076409345
You can join the waitlist for the offering and earn rewards! Benefits of joining the waitlist include:
- A secure place at EQ token offering event
- Early access to the offering event
- Eligibility for a special EQ drop
- Guaranteed allocation
While we’re still figuring out the exact dates for the kick off, we have a mini roadmap for what you can expect in the lead up to the public offering.
Now: We’re working on our subscription campaign for the waitlist which will last somewhere between 7–10 days.
Waitlist Access: There will be exclusive access to the offering for waitlist participants which will last 2 days.
General Access: This period is for the general public to access the offer, which will last for 7 days.
Distribution Allocation: Over a 15-day period there will be distributions of allocations obtained during the offering period.
Don’t miss your chance to reap all the rewards and benefits from participating in our offering event and join the waitlist!
Non-US users: https://bit.ly/3G0AAMv
US users: https://bit.ly/3Mz9myP
We also went over the lock-up terms for those participating. Reg D refers to our users based in the U.S., who will have both 12 and 18 month lock up terms. While Reg S is for all users outside the U.S., who are subject to lock up terms of 3 (three tranches), 12, and 18 months.
PolkaDefiance 2022 Recap
In April Equilibrium hosted the PolkaDefiance conference. The call presented some major highlights from the conference including:
- 944 participants
- 21 different projects
- 4 panels
- 8 keynotes
- 2 community presentations
The official partners of the conference were the crypto-centric media outlet CoinTelegraph and Polkadot. Talks at PolkDefiance were both dynamic and diverse with topics ranging from providing better UI and UX for users to the on-chain privacy in the DotSama ecosystem.
Recent AMA appearances
Recently, Equilibrium CEO and founder Alex Melikhov represented the ecosystem in multiple AMAs. These included talks with BlockTalks, Satoshi Club, CryptoRoyals, and the Decentralized Club.
Our sessions proved great success with 289,000 attendees, an average of 15 questions per session, and a total of 75 questions answered.
The most recent session was June 1st with CryptoChallengers!
https://twitter.com/EquilibriumDeFi/status/1531934007222484993
Don’t miss our next AMA on June 3rd at 12AM UTC.
Parallel Integration + 50K EQ giveaway
Through our liquidity bootstrap, Equilibrium integrated Parallel (ParallelFi). This event supported, HKO, PARA, and cDOT.
Moreover, the bootstrap event created new uses cases for DeFi assets available in the Equilibrium ecosystem, including:
- DEX listing of HKO and PARA
- HKO and PARA liquidity pools available to money markets for staking and borrowing
- DOT/cDOT/xDOT trading
Those who provided liquidity for Parallel’s native assets during the event will be distributed special allocations of GENS & EQ.
You can still join in on the excitement of the bootstrap event via our 50,000 EQ giveaway, which celebrates our Parallel integration. We will randomly select 50 participants who will share the prize pool!
XCM Integrations Status Update
In an effort to continue to be one of the most efficient, dynamic platforms in the DeFi space, we’re always working towards integrations. Recently we worked with four different platforms, which means more tokens and more bootstrap events.
Parallel: Integration complete. Supports HKO, PARA, and cDOT. Awaiting liquidity bootstrap.
Kaura: Integration complete. Supports aUSD, KAR, LKSM, lcDOT, and ACA. Awaiting liquidity bootstrap.
Kintsugi: Integration under discussion. Supports kBTC and interBTC.
Moonbeam: Integration pending approval. Supports MOVR, GLMR, and ecosystem assets.
https://twitter.com/EquilibriumDeFi/status/1528866416400957440
We support additional wallets
We’re excited to announce that Genshiro supports two more wallets, with Equilibrium support under pending approval!
Subwallet is a gateway to the Web3 multiverse for the Polkadot and Kusama ecosystems. The wallet features include:
- NFT portfolio tracking
- Asset portfolio control
- Crowdloan activities tracking
- Staking rewards management
This wallet is currently live on Genshiro and is under development in Equilibrium.
Talisman is a Web3 wallet, which unlocks apps in the Polkadot and Kusama ecosystems. The wallet features include:
- NFT portfolio tracking
- Asset portfolio control
- Crowdloan activities tracking
- Ecosystem project integrations
This wallet is currently live on Genshiro and is under development in Equilibrium.
Genshiro DEX launch
We launched a decentralized exchange on Genshiro! This is a major and long-awaited update for our Genshiro community. The DEX features the first fully on-chain orderbook and is based on DotSama.
https://twitter.com/EquilibriumDeFi/status/1526589174186385409
Users of the DEX can leverage up to 20X on their staking, while liquidity providers receive DeFi-like income.
The current setup of the DEX supports KSM / EQD trading. Additional pairs will launch with MM pools have both a 200k ask and bid side liquidity in USD equivalent.
Up next for xDOT batch 3
Our third batch of xDOT is underway. Here’s what users can expect in this next round:
- Genshiro and Equilibrium bridge
- xDOT tradable on Equilibrium-based AMM
- AMM launches in June
- xDOT pools bootstrap phase
Meanwhile, three projects have been collecting and distributing xDOT. Unique collected 3,005DOT, which were distributed on Genshiro. Litentry collected 168,000DOT, which were distributed on Genshiro. Polkadex collected 26,000DOT, which were also distributed on Genshiro.
Final dev updates
Lastly, the community call summed up all general development updates within the Equilibrium and Genshiro ecosystems. We’re working around the clock to make sure our platforms and offerings are top notch for users. Here’s what you need to know:
We launched a new website and UI for Equilibrium. This was done in an effort to streamline the user interface and make our mission more straightforward. In addition, we are developing a new UI/UX for the Equilibrium application.
Our team reworked the mechanics of our MM pools and added a withdrawal feature. We plan to launch a MM in the Equilibrium application in the near future. Lastly, you should expect the launch of new liquidity farming mechanics in Genshiro!
Stay up to date
As you can see, activity in our ecosystem never stops. Community is at the heart of everything we do here at Equilibrium, therefore we are always looking for ways to enhance the experience of interacting and engaging with our platforms.
Make sure you follow us on social media so you never miss an update — or community call!
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: May 26 Community Call Recap was originally published in Equilibrium on Medium, where people are continuing the conversation by highlighting and responding to this story.
