Equilibrium: January 2023 in Review

Equilibrium
Equilibrium
Published in
4 min readFeb 7, 2023

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January was an eventful month that ensured a bright beginning in 2023. From the Equilibrium Blast announcement to our first community call, here are the January highlights:

  • Equilibrium Blast: liquidity mining with a max APR of more than 90%
  • The Equilibrium <> Astar Integrated Success
  • Ajuna EQD support for in-game transactions and more!
  • Equilibrium governance forum live on PolkaAssembly
  • Short video tutorial for easy Equilibrium navigation
  • First Community Call in 2023

Get a max APR >90% during the EQ Blast liquidity mining program!

We recently introduced EQ Blast — a new program launched by Equilibrium, introducing incentivized liquidity mining with a remarkable max APR of more than 90%. The program offers new earning opportunities in the Equilibrium ecosystem and has allocated 1% of the total EQ supply for the first wave. Liquidity providers earn additional yields on their locked funds in Equilibrium’s pools and external incentivized pools on Dotsama DEXs.

Our team expects this wave to last for four months or until the quota is fully distributed. LPs maximize their returns by combining different pools and receive additional APR by locking EQ tokens. With EQ Blast, Equilibrium is improving liquidity mining, providing a unique opportunity for LPs to earn more.

Discover more here.

The Equilibrium <> Astar Integration is LIVE

The Equilibrium team announced the integration with Astar XCM! This integration brings a host of new possibilities to EQ and EQD Stablecoin users as they leverage their assets as liquidity inside various DeFi protocols connected to Astar. With XCM’s enhanced blockchain interoperability, users transfer native assets between connected chains, broadening the user base and increasing participation through expanded asset utilization. This integration will allow Equilibrium to extend its market presence through interoperable mechanisms and bring about many exciting new opportunities for its users.

Discover more here.

Ajuna EQD Stablecoin Support for In-Game Transactions + More!

January saw Ajuna announce EQD support for the in-game transaction and XCM integration (coming soon). The move increases EQD use cases within DotSama, facilitating more value for Equilibrium users holding the EQD asset.

Read more here.

Equilibrium Governance Forum Live on PolkaAssembly

Equilibrium has launched its governance forum on the PolkaAssembly platform in January and successfully conducted the first referendum on EQ listing. The AYEs confirmed the EQ listings with an 87% majority (12,133,088.46EQ), while the NAYs garnered 1,812,103EQ (13%). We look forward to more interaction on our forum.

Short Video Tutorials for Easy Equilibrium Navigation

We’re thrilled to announce our new video tutorials! Our team will help you get the most out of Equilibrium through these helpful explanations. With topics ranging from How to Get Started tips to using the latest features, there’s sure to be a video for every Equilibrium user — and we’ll launch more videos soon!

First Community Call in 2023!

We held our first community call this year, hosted by Alex Melikhov, our CEO, Natalie Cheah, Head of Business Development, and Peter Sergeev, CTO.

We’ve discussed our further plans, including the launch of the Equilibrium Blast farming campaign in February, where users have the potential to earn a maximum APR of >90%.

The Community Call featured these special guests:

  • Agyle, Founder at Talisman
  • Mingshi Song, Head of Ecosystem Success at Astar Network
  • Ludwig Clay, BD Lead at Crust Network
  • Nicholas Douzinas — CBDO, Co-Founder at Ajuna Network
  • Cedric Decoster — CEO & Founder at Ajuna Network

Catch the Community Call recap on video here or read it on Medium.

The Ajuna Network team didn’t join due to time constraints and prior engagements. We hope to have them in future sessions!

Equilibrium in 2023 — Onwards and Upwards

Our dedicated team is constantly motivated to create and enhance our platform, thanks to your unwavering support through various events such as product launches and contests. We are eager to see your active participation in upcoming Equilibrium activities.

We’re grateful for your contributions to making another month of progress a reality.

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. Dollar-pegged EQD is Equilibrium’s native decentralized stablecoin, collateralized by a weighted basket of assets and used as a universal unit of value within the DeFi ecosystem. eqDOT is a liquid DOT staking wrapper that allows users to participate in DeFi on Equilibrium while earning DOT staking yield.

Join Equilibrium on Discord, News Channel, Twitter, Medium, Website, GitHub

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Equilibrium
Equilibrium

One-stop platform to earn, borrow, trade at max efficiency