Pinknode partners Equilibrium — cross-chain liquidity protocol on Polkadot
As cross-chain interoperability gains traction, more projects are stepping up and making excellent use of this feature. One such project is Equilibrium, Pinknode’s latest collaborator. It is a cross-chain DeFi money market that pioneered the fusion of pooled lending with synthetic asset generation and exchange.
Maintaining professional-grade system stability is a high priority for Equilibrium, which is why it allows users to increase their liquidity contributions in preparation for a market downturn by acting as “bailsmen’’, earning interest as a reward. Besides this, it provides a true crypto-asset collateral basket with the lowest possible collateralisation. Users can drive collateralization requirements down to 100%, with an advanced liquidity bailout pool that retains systemic solvency.
Its canary network, Genshiro, is fielding a promising bid in the ongoing Kusama parachain auctions. It brands itself as a “research and development hub”, where new derivatives and products can undergo trial runs with more relaxed margin rules. While more experimental than Equilibrium, Genshiro still aims to maintain the stability and sustainability of its ecosystem.
Maximising Scalability on Equilibrium
With both platforms expecting a sharp rise in user traffic, Equilibrium has called on Pinknode to provide its networks with secure API endpoints and spinning full nodes for them. In addition to this, Pinknode will be running collator nodes on Genshiro and Equilibrium until the latter goes live on Polkadot. In return, this will translate into high usage volumes on Pinknode’s architecture.
“By dexterously combining cross-chain transactions with unique liquidity management and asset collaterising mechanisms, Genshiro proves that it has much to offer as a parachain candidate. With its user traffic projected to expand considerably after this auction round, Pinknode’s exceptionally secure and scalable architecture will aid in the facilitation of its burgeoning growth.”
-Eric Poh, Co-Founder of Pinknode
About Pinknode
Pinknode is a Polkadot-specialised Infrastructure-as-a-Service provider with the goal of accelerating adoption and empowering innovators to build on the most promising Web 3.0 ecosystem. By providing API endpoints through a streamlined onboarding process and maintaining secure, reliable, and scalable node infrastructure, Pinknode helps innovators jumpstart development quickly and accelerates their product life cycles.
If you want to know more about Pinknode, check out our website, follow us on Twitter, and join our Telegram to get in on the conversation.
About Equilibrium
The first interoperable money market on Polkadot comprised of a lending platform and a professional-grade cross-chain DEX.
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