Equilibrium & Parallel Special Crowdloan Event
We’re excited to announce that Equilibrium has teamed up with Parallel Finance, a decentralized money market protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. We’re offering a substantial bonus for all Parallel’s community members who want to support Equilibrium during the crowdloan.
Staking Rewards
Users who stake $DOT to support Equilibrium will get an extra 15% bonus in $EQ once Equilibrium win the auction. Current base reward: 200 EQ per 1 DOT.
Event duration: 14:45:00 on Mar 2, 2022–16:00:00 on Mar 4, 2022 (UTC)
➡️ Vote here.
Limited Rewards
Users who stake $DOT will receive an extra 100% bonus of base reward in $EQ once Equilibrium wins the auction. Current base reward: 200 EQ per 1 DOT.
Event Duration: 16:00:00 on March 4, 2022–16:00:00 on March 5, 2022 (UTC)
➡️ Vote here.
About Parallel
Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow. It is referred “leverage staking,” because users can lever up against their staking collateral to increase their yield overall. In addition, when a user’s DOT and KSM are staked through Parallel, a reputation-determining algorithm is applied which maximizes staking yield on behalf of the user.
Subscribe to Parallel’s Twitter, Telegram, and Medium.
About Equilibrium
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. 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.
Subscribe to Equilibrium’s Telegram, Twitter, Facebook, and Medium.
