Equilibrium and Efinity Partnership: 2 Million EQ + EFI Bonuses
Equilibrium is proud to get behind Efinity, Enjin’s NFT parachain, in the Polkadot parachain auctions. We are sponsoring this project’s crowdloan in order to provide more value to the Polkadot community. Equilibrium has teamed up with one of the top crowdloan projects on Polkadot’s auction, offering doubled rewards for community backers who lock their DOTs for Efinity via xDOT.
To support Efinity, Equilibrium has allocated 2 million EQ tokens specifically for this crowdloan campaign. We will be moving forward to help reward community members who support Efinity via xDOT tokens.
The Equilibrium team will be providing a 10 EQ bonus per each DOT you stake, and Efinty grants 5% on top of their basic bonuses when voting with xDOT.
This special allocation of 2000,000 EQ is conducted by Equilibrium as a way to lower barriers of entry into Polkadot DeFi and increase the overall ecosystem liquidity.
Built by NFT industry pioneer Enjin, Efinity is a purpose-built blockchain for NFTs that aims at making them widespread and easy to use. Efinity aims are to solve some of the problems faced by the NFT space and provide a user-friendly platform for the mainstream NFT experience — supporting NFTs from any blockchain. Supported by Enjin’s suite of development tools, the network will help developers build and deploy their NFTs with flexible smart contracts. For users and collectors, Efinity is offering an interoperable platform with negligible gas fees.
Bid for Efinity and support the future of NFTs on Polkadot here.
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. 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.