Get ready for the PENDLE Boost Campaign Pre-Launch!

4 min readApr 27, 2023

Equilibria is thrilled to announce the upcoming PENDLE Boost Campaign, which will kick off on May 1st. We are excited to offer this opportunity to the Pendle Community, who have played a critical role in boosting the Pendle ecosystem.

Campaign Details

Campaign Intro:

To participate in the campaign, simply stake your PENDLE tokens in the campaign contract. The campaign contract will reward participants with EQB token based on their share in the contract. The total reward pool is up to 2% of the total EQB supply. Those who provides PENDLE token will receive a wrapped version of vePENDLE called ePENDLE. Equilibria will lock those PENDLE to accumulate vePENDLE after the campaign. Please note that the process is irreversible, you can only swap back to PENDLE from the ePENDLE/PENDLE liquidity. However, holding ePENDLE will get more benefits after Equilibria full launch.

Start Time:

May 1st, 2:00 pm UTC

End Time:

May 28th, 2:00 pm UTC(4 weeks)

Reward Distribution:

To reward early adopters, the campaign will follow a simple deflation model that will benefit early joiners. The first 2 weeks will offer a reward of 0.5% of the total supply per week, while the remaining 2 weeks will offer 0.25% per week. Rewards will be distributed by second and calculated based on the PENDLE share owned by each participant in the contract.

Reward Claim:

EQB reward tokens will become claimable after the full launch. To encourage long-term commitment and ensure the sustainability for Equilibria, we offer 2 options for claiming rewards: 1) Claiming directly to your wallet will result in a 40% penalty, with the penalty amount sent back to the treasury for future campaigns. 2) Locking your rewards for 24–52 weeks in vlEQB, after the locking period you’ll receive the full reward amount. Locked EQB can also vote to receive rewards. You can receive more vlEQB for longer time lock.

The claiming period will begin after EQB TGE.

Risk Mitigation

Project not go live in time

We understand there is a risk of project not being delivered in time. To mitigate the risk, we will not lock the PENDLE tokens during the campaign, which means that all the staked PENDLE are available for refunds. When the project is going live as planned after the campaign, the contract will automatically lock the PENDLE as vePENDLE. Otherwise, a refund will be triggered by a ¾ multi-sig comprising of the following signers:

Anton, core contributor of Pendle Finance
DASPascal, from GBV Ventures
Ruby, founding partner of Incuba Alpha Capital
Deepink, core contributor of Equilibria Finance

Smart Contract

We have years of experience in DeFi development and have completed thorough testing to ensure the safety of our code. In addition, we have invited Peckshield and the Pendle team to help review the code for extra peace of mind.

Who is Equilibria

Equilibria Finance is designed exclusively for $PENDLE holders and liquidity providers, offering an easy-to-use platform to maximize your profits. It leverages the veToken/boosted yield model adopted by Pendle Finance to provide a boosted yield for LPs and extra reward to PENDLE holders with a tokenized version of vePENDLE, ePENDLE. If you are not familiar with veToken/boosted yield model, read the Pendle Finance doc here.

Learn more about us from these 2 threads:

https://twitter.com/Equilibriafi/status/1643553859649044480

https://twitter.com/Equilibriafi/status/1643924588567601154

Why you should bet on Equilibria

Proven veToken Model

The efficacy of the veToken model has been proven by successful projects such as Curve/Convex and Balancer/Aura. As we enter the era of vePendle, we are confident that this model will create long-term alignment between stakers and the protocol, leading to exponential growth and huge potential for our project.

LSDs fire the yield market

Pendle Finance brings the trillion-dollar traditional finance interest derivative market into DeFi, making it accessible to all. The wide adoption of LSD assets will fire this field on chain. As the industry leader in this space, Pendle Finance is well-positioned to capture billions of TVL and take a significant share of the market as the DeFi space grows. These 2 months, the LSD asset on Pendle has grown 8 times from $3M to $25M.

Beyond the Curve Wars and boost the whole Eco

Equilibria’s vision is to drive innovation in the field. Our goal is not just to create a Convex layer on Pendle. We will implement the cross chain feature which will extend Pendle Ethereum facilities to Arbitrum such as Governance. Moreover, we also intend to introduce several novel features, such as the YT market for vlEQB, limit order for the PT/YT trading, etc.

Professional Team

Our team of contributors are DeFi experts, with a deep understanding of the veToken model and successful experience in developing and operating veToken aggregators. With multiple years of web2/web3 development experience, we have the skill and will to drive Equilibria Finance to success.

What’s next

Equilibria communities, exciting news coming out soon. Get ready to be thrilled as we prepare to unveil something that will take Equilibria to the next level. Keep your eyes peeled for more updates on our new journey!