Earn More With Equilibrium Liquidity Farming!
We are always improving our operations to bring cutting edge performance and utility to the growing Equilibrium community. Currently we are reworking our farming mechanics.
In order to successfully function as a money market and decentralized exchange, Equilibrium heavily relies on liquidity. Both the ecosystem and users benefit when more liquidity is available: enter liquidity farming.
Participation in our liquidity pools is both a unique and fruitful opportunity for liquidity providers. For the next six months even more so! During this exclusive period users participating in liquidity farming have the opportunity to reap exciting rewards.
Greater earnings — but move fast!
Our recent token offering with Republic Crypto opens up another opportunity for earning optimization through early access to the VIP farming pool, with up to 90% APY. However act fast — this exclusive is only available for the 6 months following the Equilibrium launch on Republic Crypto!
Users who participate in the phase 1 (P1) Republic offering, as well as PLO1 participants will be eligible to get access to doubled farming rewards.
https://twitter.com/EquilibriumDeFi/status/1543191323615891456
To receive doubled rewards and maximum APY users don’t have to do anything other than contributing crypto assets to the liquidity pool. No need to take on a loan or act as a bailsman during this 6 month offer — just lock funds and reap the rewards!
Haven’t joined Republic or PLO1? Join our liquidity farming program!
Here are three ways you can utilize liquidity within the system:
- Collateral for borrowing and trading on margin
- Insurance pool liquidity (bailouts)
- Liquidity for market maker pools
We want to encourage our community engagement in liquidity farming to accelerate DEX and money market liquidity. To do this, Equilibrium proposes the new liquidity farming model with rewards you will notice!
Rewards
- Rewards pool: 600M EQ tokens.
- Epoch length: 28 days
- Number of epochs: 24
- Reward per epoch: 25M EQ tokens
We calculate the APR based on the amount of liquidity which entered the pool. The higher the total volume of liquidity in the ecosystem, the lower the APY. For example:
Once liquidity in the pool increases and nears 10M, the APY begins to incrementally decrease.
- 9M = .25 APY
- 10M = .24 APY
- 11M = .22 APY
So, how will users receive these rewards? The following distribution mechanics outline what can be expected when anticipating earnings.
Distribution mechanics
The end of each epoch will have distributions in proportion to the average user balances / factor values over the course of the epoch.
Moreover, Equilibrium tokens will be distributed to users according to a specific formula. This formula is designed to reward users based on the combination of the following factors:
- The percentage share of GENS relative to the entire user portfolio value. This includes collateral + insurance + market maker pools liquidity.
- The average dollar value of all combined negative balances of the borrower for the given epoch.
- The average dollar value of assets in the bailsman pool for the given epoch.
- The average dollar value of assets locked in the market making liquidity pools for the given epoch.
For a more detailed stimulation of reward distribution, check out this python simulation.
Time is moving quickly
These are exciting times in the Equilibrium community as we continue to push for greater DeFi adoption and utility. This opportunity through the launch of Equilibrium and Republic Crypto won’t last long but the rewards could impact liquidity providers pockets in the long term!
Act fast, maximize your rewards, and join our liquidity effort now!
Make sure you follow our social media accounts to stay up to date on further rewards announcements. Our vision for the future of the space is not possible without you!
Hurry up and JOIN the EQ offering!
About Equilibrium
Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX. EQ is the native utility token that is used for communal governance of Equilibrium. xDOT is a liquid and tradeable wrapped DOT that unlocks liquidity of DOT locked in parachain auctions and delivers multiple crowdloan bonuses on Polkadot.
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