Equilibrium or EQ is a DeFi platform that enables high-leverage digital asset trading and borrowing. It runs on Polkadot with a fully functional money market and an orderbook-based DEX. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (EQ/USDT – Trade it here) on our Innovation Zone! Check it out now!
What Exactly is Equilibrium?
Over the last two years, Decentralized Finance (DeFi) has shown remarkable progress and has become the most rapidly developing sector of the cryptocurrency market. In December 2021, the total value locked in DeFi (TVL) reached an impressive $253 billion, indicating a significant peak in its growth trajectory. However, flaws are still constantly gripping the advancement of DeFis.
Therefore, Equilibrium aims to be the most comprehensive DeFi hub that provides high leverage and utmost resilience to users. Equilibrium provides on-chain price discovery and system-wide insurance. It allows participants to transfer volatility risk and price event risk from borrowers to bailsmen. This approach ensures that the money market integrated with DEX runs smoothly on Equilibrium’s parachain.
Features of Equilibrium
Equilibrium’s asset module, risk management, and pricing models offer out-of-the-box DEX functionality. This DEX is a fully on-chain order-book-based exchange built using a substrate framework. Its unique design offers several advantages compared to existing DEXs, including:
Equilibrium has the potential to surpass current DEX limitations by incorporating tokens from the Polkadot ecosystem and other blockchains into the exchange. As a result, the trading pairs on Equilibrium DEX are not restricted to ERC20 tokens like other DEXs but can include any blockchain connected to the Polkadot ecosystem.
Trading on blockchain platforms is often hindered by high transaction costs, making scalping or small lot trading ineffective. However, Equilibrium’s scalability, supported by the substrate and Polkadot technology, overcomes this issue. With no mining, a consensus is reached faster on Polkadot compared to Ethereum. Additionally, traders can benefit from designated off-chain workers and unsigned transactions, which enable them to place numerous orders without incurring transaction fees. However, this approach also carries the risk of denial-of-service attacks, so traders must choose the exact approach carefully.
Equilibrium’s innovative approach to modeling collateralized loans enables traders to enjoy competitively low levels of collateralization, resulting in high leverage on its DEX. With Equilibrium’s money market, users can access up to 20x leverage when trading on the DEX.
In addition, Equilibrium plans to consider pricing with jump risk and build on the hyper-exponential jump-diffusion (HEM) model. The company may also consider the double exponential jump-diffusion model (DEM) and/or the jump-to-default extended constant elasticity variance model (JDCEV). The pricing models will take into account infinite-horizon loans, similar to the initial model.
What are the Benefits of Using Equilibrium?
Equilibrium offers a range of benefits that make it a highly attractive option for traders looking for a more efficient, scalable, and secure DEX. Its cross-chain compatibility, competitive leverage, lower transaction costs, and enhanced security features make it a dynamic player in the rapidly-evolving cryptocurrency market.
Where to buy EQ Token
You can find EQ Token here at MEXC! We are listing EQ/USDT in our Innovation Zone!
What is the Price of EQ Tokens?
The price of the EQ token is $0.002954 per unit. It has a fully diluted market cap of $35,444,886. It also has a 24-hour trading volume of $816,767. You can check the live price of their token right here!
How to buy EQ Tokens
You can buy EQ Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “EQ” using the search bar to see the available trading pairs. Take EQ/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of EQ you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy EQ] to confirm your order. You will find the purchased EQ in your Spot Wallet.
You can find a detailed guide on how to buy EQ Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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