The Equilibrium <> Astar XCM Integration is Here!
We’re excited to announce the Equilibrium <> Astar XCM integration! Through Astar’s EVM-based functionality, EQ and EQD will enjoy cross-functionalities, allowing Equilibrium users to leverage their assets as liquidity inside various DeFi protocols connected to Astar.
XCM enhances blockchain interoperability, allowing native asset transfer between connected chains, thus broadening the user base and increasing participation through expanded asset utilization. Networks seeking to extend their market presence through interoperable mechanisms benefit from XCM’s advantages.
Building Meaningful Relationships in The Dotsama Ecosystem
Equilibrium <> Astar XCM integration continues the developing relationship between the two platforms, improving interoperability and efficiency for community members in both ecosystems.
The XCM<>ASTR integration unlocks opportunities for Astar users by enabling EQD minting using ASTR tokens as collateral, access to crypto borrowing facilities within Equilibrium, and trade the ASTR/EQD pair once supported on the orderbook DEX.
Additionally, the XCM integration streamlines EQ & EQD token transfer into the Astar network. Through Astar-based dApps such as ArthSwap, Starlay Finance, or AstridDAO, users access EQ and EQD liquidity opportunities.
About EQD Stablecoin
EQD is a Polkadot-native asset-backed stablecoin, with a 1:1 peg to USD. EQD can be minted against a well-diversified portfolio of assets, thereby greatly reducing a borrower’s collateral risks. EQD use cases extend beyond Equilibrium through its extensive connections with other ecosystems such as the Astar ecosystem.
We have exciting farming announcements ahead, as we plan to open a EQD stablecoin liquidity pool for the Astar ecosystem DEX soon. Users will receive rewards for bootstrapping the upcoming pools.
Stay tuned for further updates!
About Astar Network
Astar Network — the Future of Smart Contracts for Multichain. Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and dApps they build.
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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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