Equilibrium’s partnership with Polkadot to boost DeFi market boom with cross-chain money markets

August 14, 2020
Equilibrium’s partnership with Polkadot to boost DeFi market boom with cross-chain money markets

We are proud to announce our partnership with Polkadot, a unique protocol which is the Brainchild of Gavin Wood, Ethereum’s chief architect. Polkadot represents the most advanced enterprise blockchain technology available, ensuring high scalability, security, and interoperability.

The key point here is cross-chain interoperability. After having established the premier decentralized stablecoin ​and the lending project on EOS by collateralization, Equilibrium will use Polkadot’s technology to enable the full potential of the DeFi market by vastly expanding our scope.

The DeFi market has passed the $4 billion mark, with 70% accounted for by lending. However, the market is fragmented. While 87% of the current DeFi market is locked on Ethereum, ETH only represents 12% of crypto. This leaves huge untapped market potential for DeFi, which Equilibrium will make accessible.

Using Polkadot’s substrate technology to create our own blockchain, we will extend our DeFi product line to a one-stop cross-chain money market.
It is designed to end market segmentation and will let users conveniently fill all their DeFi needs in one place — uniting decentralized liquidity pools, enabling cross-chain lending with built-in synthetic assets, and advanced price discovery and bailout mechanics to ensure maximum liquidity. Users will be able to trade multiple crypto assets from Equilibrium’s native decentralized exchange and use our convenient interface to manage their assets across multiple blockchain protocols, without new logins.

Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. This means that users can conveniently combine multiple accounts and assets cross-chain on Equilibrium, and trade and generate stablecoins all in one place.

At the same time, Equilibrium is a valuable addition to Polkadot’s ecosystem. We will combine key DeFi use cases, including pooled lending, decentralized stablecoins, margin trading, and a truly interoperable DEX. This will also underline Polkadot’s distinctness by differentiating it from other leading protocols like Cosmos, Dfinity, and Algorand.

Polkadot offers the advantages of a ready-made ecosystem, promising a large user pool from the start. Major projects working on Polkadot include Chainlink, 0x, Aragon, and Edgeware.

Equilibrium is set to become the #1 DeFi app by offering exceptional services to the users of major crypto assets like BTC, ETH, BNB, EOS, XTZ, DOT, which were previously isolated.

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