EQD Stablecoin Live on Astar Network: Cross-Chain Opportunities and Incentivized Pools On ArthSwap
We are excited to announce the availability of $EQD stablecoin on Astar Network and its integration with ArthSwap. The collaboration between Equilibrium and Astar brings a cross-chain opportunity for users, opening up access to new DeFi features. Users can now swap EQD for $ASTR and vice versa through the EQD/ASTR pool on Arthswap — unlocking external farming opportunities and incentivized pools.
ASTR token holders now have a convenient gateway to all the DeFi solutions offered by Equilibrium. Their direct access to EQD will make managing capital more efficient, while ArthSwap’s wide range of assets will make managing an insurer’s portfolio easier and improve the user experience on Equilibrium.
XCM integration between Astar and Equilibruim allows Astar ecosystem users to access the full range of DeFi opportunities on Equilibrium. These include minting EQD using ASTR as collateral, supply to and borrowing assets from the Lending pool, and secure the system by depositing into the Insurance pool and assuming the Insurer role on Equilibrium.
To celebrate this launch, ArthSwap has allocated substantial ARSW rewards! At the time of writing users can receive more benefits in ARSW and EQD with a mindblowing APR of 290%! Keep in mind that this figure is time sensitive and will gradually decrease as more liquidity enters the pool. Keep an eye out for further updates to follow our progress!
In conclusion, the EQD listing on Astar and the EQD/ASTR pool launch on ArthSwap are exciting developments that have brought new opportunities to both ecosystems. With this integration, users enjoy various benefits, including improved interoperability, efficiency and yield opportunities. Stay tuned for more updates and take advantage of the lucrative rewards offered through this new partnership.
EQD Stablecoin
EQD is a Polkadot-native asset-backed stablecoin with a 1:1 peg to USD. It can be minted against a well-diversified portfolio of assets, thereby reducing a borrower’s collateral risks. EQD use cases extend beyond Equilibrium through its extensive connections with other ecosystems, such as the Astar ecosystem.
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 order book-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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