Equilibrium AMA with Crypton Research — April 1st, 2021 — ENG

  • SCALABILITY
    We saw what problems insufficient scalability causes in the Black Thursday market crash on Ethereum in Spring of 2020.
  • INTEROPERABILITY
    is key because blockchain tech is about breaking down information silos, and without interoperability, we have a number of isolated crypto currencies which are limited to the protocols they run on.
  • This ties in to AGGREGATING LIQUIDITY —
    Equilibrium can do and solve DeFi’s perpetual liquidity challenge thanks to interoperability; making multi-asset collateral available from all the major blockchain protocols. In this way, we also solve DeFi market fragmentation.
  • SYNTHETIC ASSETS
    are not new — Synthetix is a good example — however, Equilibrium will enable synthetics with interoperability — thereby enabling multiple assets — and also offer a much lower minimum c-ratio, with programmatic interest rates and a robust risk management system to proactively ensure liquidity. We can expect that the interest in synthetic assets is only going to grow, since they allow users to hedge against volatility, leverage, and speculate on the growth of an underlying asset.
  1. This is the reason that we are carefully preparing the Polkadot PLO (Parachain Leasing Offering) with a two step process consisting of a token swap (Phase 1), which will provide the basis for collecting a solid pool of DOT before the bidding in the crowd loan (Phase 2) starts.
  2. We are a stand-alone blockchain on the Substrate — which means that, if needed, we can act independently and still profit from Polkadot’s tech advantages like interoperability and scalability which we have since we are built on the Substrate.
  3. We are also taking steps to proactively anticipate any difficulties which could arise via dependency on Polkadot or its roadmap — in order to solve them in advance — just in case. Thus, we are actively building our own bridges to Ethereum and Bitcoin right now. That means that we will be able to connect and serve those assets without delay.
  • Lending functionality:
    Under development; pilot phase is limited to bailsman pool liquidity. Successful simulation & integration tests. Crypto assets from the bailsman pool can be borrowed via our user interface.
  • Production release:
    Integration tests have been done to confirm main components of business logic, including: Ethereum bridge & first assets; Migrations to upgrade our production chain; Genesis node & historical prices to calculate asset returns and volatilities; Node docker image & deployment documentation; Custom address formats.
  • Upcoming production milestones, including:
    Migration to U128 (Polkadot’s default metadata type); Adding RenVM BTC bridge; Migration from enums to enable adding new assets without runtime upgrades; Preparation of our DEX.
  • Curve grant 1st milestone:
    We have completed the first step in enabling the use of the AMM Curve in the Polkadot Ecosystem. This will benefit the whole community by minimizing slippage when trading similar assets. Curve’s unique stableswap invariant uses liquidity more efficiently than any other stablecoin DEX, and this is essential to maximize the efficiency of liquidity on Polkadot. Pooled storage for diverse asset pools and custom asset pools are in place.
  • PLO Phase 1 (token swap) platform interface in place:
  1. As Bailsmen
  2. Through staking in liquidity farming (passive earning)
  3. Via AMM (automatic market makers) like Uniswap & Curve (increase our ETH exposure).
  1. A DeFi one-stop shop
  2. Maximizing liquidity by using cross-chain, multi-asset collateralization
  3. Offering programmatic interest rates that let users co-determine their interest on debt
  4. A strong risk management system to ensure liquidity is constant
  5. High passive earnings through liquidity farming

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