We are excited to inform you that Equilibrium will offer crowdloan services to Aventus Network as it seeks to raise 200,000 DOT. Participants who stake DOT for Aventus to secure its parachain slot using xDOT will be additionally rewarded with EQ tokens.
Aventus is an interoperable, enterprise-grade blockchain that provides the tools for businesses to build scalable and sustainable projects on Polkadot and Ethereum.
The slot auction begins this August 28th at 4pm BST and contributors will be able to get a share of the 600,000 AVT reward pool. Participants who vote for Aventus using xDOT will also get 10 $EQ tokens per DOT.
What happens if Aventus does not win the parachain slot?
Contributors will get their rewards if Aventus wins the parachain slot. But if they lose the slot, all the DOTs contributed will be returned to the participants.
About Equilibrium
Equilibrium is the one-stop DeFi platform with high leverage in borrowing and trading without compromising system stability. It is built on its own Polkadot parachain and designed to be cross-chain compatible. Equilibrium includes a money market with lowest collateral requirements ever and fully on-chain DEX for margin trading with leverage up to 20X. Critical collateralization as low as 105%.
About Aventus
Aventus is a scalable, sustainable and interoperable enterprise-grade blockchain that makes building on Polkadot, Ethereum and beyond accessible for companies in any ecosystem. To date, Aventus’ enterprise-grade modular architecture has supported use cases including NFTs, video games, loyalty schemes, event ticketing, supply chain provenance and cargo management. Aventus Network claims to support 2000+ transactions per second at 100x the speed of Ethereum. Its native token is AVT.
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Equilibrium’s xDOT Supports Aventus Parachain Bid DOT Staking and Allocates Rewards of 250,000 EQ was originally published in Equilibrium on Medium, where people are continuing the conversation by highlighting and responding to this story.
