Equilibrium, a one-stop-shop cross-chain decentralized finance (DeFi) protocol with high leverage, partners with Republic Crypto, a Web3.0 investment firm, to accelerate the first-ever public offering of its native EQ token. An essential part of the Polkadot ecosystem, Equilibrium offers a full array of DeFi services including a decentralized exchange (DEX), money market, insurance, an automated market maker (AMM) for DOT vs DOT wrappers, and insurance.
Phase 1 of the offering began on June 28 and will close on July 9 at 6:59 a.m. UTC. The extended first phase is available for everyone. A limited hard cap of 500,000 USD was set for Phase 1, and all participants are eligible for a special airdrop. Phase 2 is split into two phases: early access and public access. Early access is reserved for an overflow of Phase 1 participants who registered for the Reg D whitelist prior to June 12, while public access is open to all.
Equilibrium’s interoperable money market combines a comprehensive lending platform and a professional-grade cross-chain DEX, allowing for high-leverage borrowing and trading thanks to an innovative financial engineering mechanism on the backend. The platform marries a money market with an orderbook DEX to facilitate an all-encompassing DeFi platform. Republic Crypto is an investment firm supporting the most ambitious builders and investors in the Web3.0 space.
“Our token distribution event with Republic Crypto is a major milestone for Equilibrium and it comes on the heels of our successful money market launch,” says Alex Melikhov, Equilibrium’s CEO. “This is a major step towards solidifying ourselves as the premier DeFi platform in the Polkadot ecosystem and pushing the blockchain space toward a NPoS model.”
DFG is an early investor and strategic partner of Equilibrium. “This is amazing news for the Polkadot ecosystem we have been focusing on since 2020,” James Wo, the founder and CEO of DFG comments. “We are very delighted to witness this breakthrough of Equilibrium. Their native token EQ has a tremendous potential to offer more features and better values to investors. The success of the initial offering on Republic also indicates a brand new chapter for Equilibrium. ”