We are thrilled to unveil EQ Blast, which offers incentivized liquidity mining with a maximum APR of >90%, expanding the earning potential for xDOT holders in the Equilibrium ecosystem. EQ Blast is now live, allowing xDOT owners to leverage their assets to capture full value of DeFi on Equilibrium!
Another Excellent xDOT Use Case: Flagship max APR >90%!
EQ Blast offers a unique Blast Bonus to our dedicated community members who demonstrated their loyalty through active engagement on our social media platforms or in our events. These individuals are eligible to receive a 1.5x multiplier on their yield, per the terms outlined in the Blast program.
The Equilibrium team has executed the initial phase of the liquidity bootstrapping program by allocating 1% of the total EQ supply to the EQ Blast program. This allocation is in line with tokenomics, which specifies a 10% allocation for incentivizing liquidity. EQ Blast will run for 4 months or until the entire quota has been distributed.
xDOT liquidity providers can anticipate earning enhanced yields on their funds locked in Equilibrium’s Lending and Insurance pools. LPs can utilize pool combinations to formulate strategies to optimize their returns and receive additional APR. xDOT is accepted as collateral for minting EQD stablecoin with high capital efficiency. This unlocks the full suite of Equilibrium products and strategies for xDOT holders.
Here is an overview of what xDOT holders can do on Equilibrium:
Several strategic options are available to improve EQ token yield; however, the following multi-step process has the potential to generate best returns.
The steps include:
- Depositing xDOT as collateral to mint EQD stablecoin
- Providing liquidity to the stableswap pool using the minted EQD (APR up to 49%)
- Utilizing the LP tokens from the stableswap pool to supply liquidity to the insurance pool, generating additional yield (APR up to 73,5%)
EQ Reward Boost for xDOT Holders
Individuals can receive a reward boost of up to x3.4 by locking their EQ holdings for a designated period.
The APR multiplier for EQ staking varies based on the chosen lock option, with a period of 1 month providing an x1.05 APR multiplier and a maximum multiplier of x3.4 available for a 2-year lock period. The x3.4 multiplier is applied to the liquidity stake equivalent to the USD value of EQ locked.
This means eligible xDOT holders’ accounts can leverage both Blast Bonus and EQ Staking bonus, resulting in a total APR of >90%!
How EQ Blast Works
To start earning rewards, you must deposit funds into one of Equilibrium’s liquidity pools.
It should be noted that, in addition to the standard yields from the liquidity pools, users will receive additional APR payments in EQ tokens. These rewards will be disbursed every eight hours, with the assets being locked for a period of six months.
Moreover, users can enhance their yields by utilizing the EQD stablecoin for reward farming in incentivized pools of external DeFi projects in the Polkadot ecosystem. xDOT holders are well equipped to take advantage of these opportunities since they can mint EQD supplying xDOT as collateral.
Keep an eye on our social media channels for announcements regarding joint farming campaigns.
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. Dollar-pegged EQD is Equilibrium’s native decentralized stablecoin, collateralized by a weighted basket of assets and used as a universal unit of value within the DeFi ecosystem. eqDOT is a liquid DOT staking wrapper that allows users to participate in DeFi on Equilibrium while earning DOT staking yield.
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