We are currently participating in the Substrate Builders Program and are very committed to our development on Polkadot. We also have recently received a Web3 Foundation Grant to further simplify migration of DeFi applications to Polkadot (thanks to the financial pallet we are developing)
Recently we successfully completed our NUT/ EQ token swap and more than $5.5 million worth NUT tokens were submitted for the swap. You can learn more details from here: https://www.theblockcrypto.com/linked/79457/equilibrium-polkadot-funding-defi
We have launched our core business logic on Polkadot on the testnet. Users can earn on bailouts, by securing loans, and borrow Equilibrium’s USD-pegged stablecoin against multi-asset collateral baskets.
Btw you are very welcome to test it out at https://app.equilibrium.io/testnet/gateway/en/market. Feel free to join our official telegram community to provide us with your feedback https://t.me/equilibrium_eosdt_official
On November 12 we launched our mainnet and conducted the EQ token generation event that would see our newly minted EQ tokens released into the market.
Also we have booked the most qualified cyber security auditors in the space – Quantstamp – to make sure our Polkadot-based technology is secure and lacks vulnerabilities. They are currently inspecting our code base and will release a report soon
Regarding our plans. First of all, we are enabling transfers of our EQ tokens soon alongside with upcoming listings on exchanges and launch of the ETH bridge
Since our substrate will be bridged with Ethereum we are expecting some amount of EQ tokens to be ported there and we are planning to launch the Uniswap liquidity pool then
We will be launching our main products on mainnet soon in December and also will be launching liquidity farming. Liquidity farming will reward users for active use of Equilibrium’s products in EQ tokens.
We are planning to participate in a parachain leasing auction via an Initial Parachain Offering. DOT token holders will be able to stake their DOTs in our name for a parachain slot and receive EQ tokens in exchange. This will be a risk-free trade-off – they will be able to submit EQ and get their DOT back at the end of the parachain leasing period (if they wish).
We are also in talks with multiple partners regarding our further business cooperation. These include liquidity providers, trading companies, wallets etc. We are also talking to major exchanges regarding EQ token listings.