EOSDT Now Supports ETH For Collateralized Positions!

November 24, 2020
EOSDT Now Supports ETH For Collateralized Positions!

Equilibrium is already compatible with EOS and BTC cryptocurrency for securing a collateralized position in USD-pegged stablecoins. Now we’re opening the door to Ethereum, the most popular cryptocurrency in DeFi, to serve a major population of crypto users.

The secret ingredient in our interoperable solution is pTokens, a tool that enables cross-chain composability. In other words, pTokens is a technology that lets siloed, independent blockchains interact with Ethereum and sign transactions to that blockchain.

How does it work?

pTokens is driven by a set of smart contracts and hardware solutions that enables secure cross-chain transaction-signing capabilities between two traditionally separated blockchain platforms. It uses Trusted Computing sandboxing techniques (TEEs) to guarantee a secure and fully auditable execution of all the processes that make it possible.

The design of pTokens calls for one sandbox (TEE) to cooperate with another, jointly validating a deposit of an underlying asset. It uses a technique called multi-party computation to trigger the issuance of the corresponding pTokens on a destination blockchain.

Our framework is ready for you to collateralize your ETH in exchange for EOSDT as you see fit. We’ll leave you to it!

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The Equilibrium framework is a software service with a consensus based governance system. EOSDT and Native Utility Token (NUT) are not a security or a regulated instrument. The use of this site and the Equilibrium self-service gateway is subject to Terms and Conditions, by accessing this site you agree to these Terms.