EQUILIBRIUM – The first decentralized interoperable money market ( A new potential market )

6 min readAug 30, 2020

Today, with this article, I will introduce to you a new project — Equilibrium. All information below is collected by me from the project website. If there are corrections or mistakes, add a comment to help me correct it
In the next article, I will introduce to you information about EQ Token and Equilibrium products. Please stay and follow me. I am confident that the Equilirium project will blow the Defi market once again. A market that can potentially help enhance the importance of Crypto in the world.
Now, let me take a look at the basics of Equilibrium. I have read and collected them all below. Let’s go !!!

1. What is EQUILIBRIUM? About EQUILIBRIUM.

- Equilibrium is introducing a cross-chain money market that combines pooled lending with synthetic asset generation and trading

- Equilibrium is a software service with a consensus based governance system. EQ token, EOSDT, and Native Utility Token (NUT) are not a security or a regulated instrument.

- Equilibrium has a mission to become the #1 DeFi app by offering exceptional services to the users of major crypto assets like BTC, ETH, XRP, BNB, EOS, XTZ, DOT

- Until now, Equilibrium has achieved :

$12 Millions worth of EOS collateralized
More 800 open positions in EOSDT
More 3 Millions EOSDT generated by users
The industry’s first value-based insurance policy $13 Millions

2. What are the facilities and functions on Equilibrium?

- Lend :

All main crypto assets
EQ tokens

- Borrow :

All main crypto assets
Decentralized stablecoins
Synthetic assets

- Trade :

All main crypto assets
Decentralized stablecoins
Synthetic assets
EQ tokens

- Stake :

PoS & DPoS crypto assets
EQ tokens

- Connected blockchains :

Now : EOS Ecosystem and BTC Ecosystem
In Development : Ethereum & Binance and Stellar Ecosystem
Planned : Tezos & Ripple and Tron Ecosystem

3. Advanced features and differences with the rest

- Bailouts : Provide liquidity in advance to secure loans in the system and to earn additional yield

- Programmatic interest rate : Get fair interest on loans based on the algorithmic risk assessments

- Built-in cross-chain DEX : Trade assets of multiple platforms on margin and using advanced order types

- All in one place : All main DeFi use cases on one easy interface

- Cross-chain enabled : Polkadot bridges provide trustless cross-chain interoperability

- Highest possible liquidity : Solving chronic DeFi issue via attracting institutional clients on multiple platforms

- Bailouts vs. auctions : Liquidity ensured against debt default in adverse markets

4. Security and safety of Equilibrium

- Unlike the rest, Equilibrium possesses a 3-layer proactive system solvency protection. A protocol has an exceptionally reduced risk ratio and it is less than 0.1%. Even below 0.1% or none.

- Users can set a mortgage up to 110% and minimize the risk of margin debt. In particular, Equilibrium also has the first $ 13 million insurance fund to ensure the liquidity and stability of the system when the market is volatile.

5. Equilibrium team and staff

CEO : Alex Melikhov – Serial entrepreneur in digital and fintech. Founded and co-founded companies including the renowned crypto exchange Changelly, Oxygen trade, and EOSDT. MSc Applied Mathematics.
Founding Legal advisor : Josh Goodbody – Former VP at J.P. Morgan Asset Management, ex-Legal Counsel at State Street, former Head of Europe & the Americas of Huobi Global, currently Director of Growth and Institutional Business of Binance. On the Board of Advisors to Qredo.
Business Development : Lesley Czuma – Extensive leadership experience in management and consulting in startup, nonprofit, and corporate environments in 7 countries. Has advised major bluechip companies like METRO Group, and the top enterprise blockchain startup Insolar. Ph.D. from the Free University of Berlin.
Lead Analyst : Yves Renno – Quantitative Research and Structured derivatives trading at Societe Generale / Dresdner Kleinwort / Commerzbank AG. Redirected from traditional finance to cryptocurrency and data. MSc Statistics and Financial Modelling, Paris MSc Financial Mathematics, University of Chicago.
Sr Project Manager Tech Team : Peter Sergeev – Has managed the development of a wealth of projects and applications, including new margin trading and risk engines, automation of OTC order placement, integration with internal bank departments for funding purposes, and mobile trading applications. An alumnus of prominent banks.

Tech Lead : Veniamin Khrapov – Specialized in blockchain DeFi projects. Works on Etherium, Eos, and Polkadot. A SCRUM master who has developed high-load projects, automated marketing, and programs on the national trade exchanges. More than 10 years of development experience.
Backend and Blockchain Development Lead : Pablo Gabril – Wide experience ranging from network security audits to developing brokerage service infrastructure. Working with blockchain since 2013, has charted market exchanges and mastered smart contracts on the BitShares blockchain, the predecessor to EOS.
Lead Strategist : Kyle Ellicott – A lifelong entrepreneur; co-founded ReadWrite and Topio Networks. A noted TEDx and global keynote speaker, strategist, published author, and technologist with over 15 years of experience in digital transformation, IoT, Transportation/Mobility, Blockchain/DApps/FinTech, Artificial Intelligence, Digital Health, Smart Cities.
System Architect : Dave Askey – Former Executive director at Goldman Sachs. Engaged in pioneering a paradigm shift away from classical banking to new way of managing international cash flows. Specialised in innovative identity and cyber-security solutions, high performance trading software, secure custody and clearing house solutions.
Business Development : Adar Weinreb – Former Director of Communications at LiquidApps. A fan of blockchain’s transformative potential. Has worked in various blockchain projects helping them grow their businesses through social media marketing, community management, and business development.

6. Partners and Newspapers

Ecosystem partners : Web3 Foundation & Polkadot Network & Houbi Global & Binance & Bancor Network and EOSfinex
EOSDT & NUT listings : Coinmarketcap & HitBTC & Newdex & Bancor Network and Changelly

In the News : Cointelegraph – Coindesk – Entrepreneur – Cryptoglobe – EOSWriter – Inc
Potential partners : TokenPocket & EOSNation & Provable & Freewallet & Bloks.io & LumiWallet & MoreCoin and EOSCannon