Equilibrium Update: Live Launch and More in Our Roadmap
Major developments are planned for Equilibrium and the community. We’ve prepared a detailed roadmap to share some of our biggest upcoming milestones.
As we continue establishing Equilibrium, we’re presenting our community with our roadmap to showcase our deliverables in the coming months. Equilibrium’s objective is to facilitate trading, borrowing, and earning with high-level efficiency in all our developments. The latest updates reflect our dedication to becoming the DeFi 2.0 cross-chain money market protocol with high leverage.
Here’s the birdview timeline of what to expect:
EQ Offering Phase 2 | November 28 — December 4
Phase 1 of the EQ Offering on Republic Crypto was an oversubscribed success; we raised the $500,000 hard cap in the first phase. Its success encouraged 92% of you to vote in favor of the second EQ Offering phase.
Participation in Phase 2 starts on Nov 28. Our new launchpad, attached to the Equilibrium DEX, will host the second phase.
To participate, take the following steps:
➡️Pass the KYC
➡️Get EQ
The vesting period is six months upon Equilibrium’s full launch.
Equilibrium Live Launch | Mid December
Supported assets list:
These assets will be supported for using inside borrowing, lending and insurance pools, as well as for trading on the DEX. Crucially we need to bootstrap market maker liquidity to launch order-books in different trading pairs, so expect to see a series of bootstrapping events. See other roadmap steps below for details.
Other assets we’re looking to add shortly after going live include: Other DOT wrappers, ASTR tokens. Then gradually expand to other parachain-native assets.
Trading contest | soon after the Launch
In support of the Equilibrium live launch, we’ll be hosting a trading contest soon after we go fully live.
Here are the details:
Participants will receive exciting prizes as individuals and teams.
Based on the contest participation, Equilibrium will organize more rounds with an increased prize fund, especially for repeat participants (those who participated in the first round). Register here!
Onboard Institutional LPs + Bootstrap Liquidity Events Dec 2022 — Jan 2023
Equilibrium plans to host various bootstrap liquidity events to onboard institutional liquidity providers. We intend to establish a platform with deep liquidity to facilitate efficient trading regardless of user demand. Expect per-asset events with lucrative rewards for providing liquidity.
Integration With The Institutional Custody | Dec 2022 — Jan 2023
Following multiple requests from institutional LPs, we are planning for integration with the custody provider. It will give institutions more confidence while deploying capital on Equilibrium and they will be able to manage their positions using a professional-grade technical framework.
Launch AMMs | January 2023
We have two AMMs lined up for release. Users will soon receive yields from the EQD / USDT /USDC pool. The trio of stablecoins remains a safe yield option with several layers of collateral defense.
Curve: Will be launched first, and bootstrapped with an EQD/USDT pool. Oonce native USDC is supported, another pool for EQD/USDT/USDC will be created.
Yield: This is the AMM that helps to price xDOT, a synthetic asset that is redeemable for DOT tokens locked for the parachain slot. xDOT is a fungible asset similar to a zero-coupon bond that allows for interest rate discovery inside the Polkadot ecosystem. This AMM prices xDOT in terms of the yield they generate for DOTs locked for the parachain lease period. The ‘Yield’ AMM is planned to be launched after we support the DOT<>KSM bridge.
We’re also planning for xDOT involvement to generate more yield opportunities through xDOT wrappers. These events will enable Equilibrium to bootstrap liquidity, supporting efficient trading in our ecosystem.
Launch DOT-KSM Bridge | February 2023
The DOT-KSM bridge, upon its release, will unlock numerous opportunities for Equilibrium users. Soon, the EQD stablecoin will become available on both the Genshiro and Equilibrium networks. EQD will be fully transferable between the two chains, allowing users to take advantage of the benefits of both platforms. In addition, the bridge enables EQD to serve as a unified stablecoin between the two chains.
This new development creates a powerful synergy between Genshiro and Equilibrium, making it easier for users to access the benefits of both chains. xDOT for crowdloans will also be movable between the Genshiro and Equilibrium, adding to the merits of the launch DOT-KSM bridge.
Governance Bootstrap | February 2023
We expect more Equilibrians to hold EQ through our public offerings and events, leading to more governance participation. Users should also expect to increase their EQ portfolio by engaging in governance votes on the further development of the Equilibrium ecosystem, its stablecoin, DEX, and new product suggestions.
Apart from the governance launch, we expect to launch wider utility capabilities for EQ holders to enjoy the benefits of the different parts of the ecosystem while providing liquidity stickiness at the same time. We’re working on architecture.
Onboard Collators — External Validators Will Be Validating EQ | March 2023
As our operations expand, we plan to onboard collators to maintain an efficient network function. By gathering parachain transactions from users and creating state transition proofs for Relay Chain validators, collators sustain parachains. Collators keep parachains running by combining parachain transactions into parachain block candidates and creating state transition proofs for validators based on those blocks.
Launch DEX Perpetuals | April — May 2023
Perpetuals (or perps) are an unending type of advanced futures contract allowing parties to hold their position for as long as the perp exists. Like futures contracts, the buyer and seller in a perpetual execute their trades as they desire, depending on the market condition. Perps allow sellers to sell the asset when the price is susceptible to fall, and the buyer purchase if the price shows signs of increasing in the future.
Trading perpetuals requires an Index Price calculated based on the average asset price and its trading volume. Equilibrium will use the parameters around executing a perpetual contract to establish our perp product based on the framework of our balance sheet mode.
Launch DEX Layer 2 | June — July 2023
Layer 2 DEX will allow users to maintain order books and matchings off-chain and ensure a periodic confirmation for all balance movements with an on-chain verification scheme. We’re currently researching support for roll-up schemes implementation within Substrate; if that doesn’t work, we’ll explore other models like off-chain worker consensus.
Join Our Progress!
Equilibrium’s forecast is exciting, with numerous additions and improvements on the way. Follow us on our various social media to stay informed.
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. 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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