We’re gladly announcing that Equilibrium continues to support Polkadex — the fully decentralized orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate. Users can still participate in Polkadex’s crowdloan via xDOT!
Those who decide to vote for Polkadex via xDOT will get 10 EQ : 1 DOT + 1 xDOT per every DOT. This gives the contributors the opportunity to make use of their DOT while they’re locked in the system!
Equilibrium’s bonus will be added on top of the project’s own rewards:
- Base reward of at least 2 PDEX per DOT.
- An exclusive utility-based NFT for each of the top 1,000 contributors which will grant holders a 20%–50% discount on Polkadex Orderbook trading fees.
The xDOT will be distributed after Polkadex wins the parachain auction. Here’s what you can do once you receive fluid xDOT:
- Stake it with 46% APR on Genshiro,
- Use as collateral for other assets,
- Borrow assets, deposit them into the liquidity pools and start earning yield.
Polkadex is a fully decentralized and hybrid peer-to-peer order-book crypto exchange, backed by Web3 Foundation. This non-custodial peer-to-peer trading platform merges the benefits of CEXes and DEXes in one product. It overcomes such issues of traditional DEXes as front-running, arbitraging, price slippage and high transaction fees. Polkadex is powered by PDEX, the native token of the Polkadex network.
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. xDOT is a liquid and tradeable wrapped DOT that unlocks liquidity of DOT locked in parachain auctions and delivers multiple crowdloan bonuses on Polkadot.