Equilibrium - EOSDT — a currency, pegged to the dollar, which uses the underlying EOS and BTC collateral and adds extra liquidity to the market.
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Description of the project Equilibrium - EOSDT
EOSDT – similarly to the ETH-based MakerDAO system. NUT - the native token for the Equilibrium system. It’s used as part of a management system to make bets for voting and also to pay fees.
The main advantages of the project:
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Safety |
All operations are controlled by blockchain and smart contracts on the platform. Therefore, you shouldn’t worry about your safety. |
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Stability |
Stability mechanisms are built into smart contracts to maintain parity 1:1 with the US dollar. |
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Transparency |
Cryptocurrency provision - the only way to launch EOSDT into circulation. |
Public and reputable providers set prices every minute. Developers claim that EOSDT smart contracts contain EOS worth more than $10 million. To date, this is the largest indicator among all applications, based on EOS.
There is no Road Map and White Paper on the site, but there is a blog that contains all the project news, upcoming updates and other useful information. To contact the developers use telegram or twitter.
Plans for the future development of the dapp project
Equilibrium has been running for the second year. The developers have many plans for improving the project. First of all, the network will expand due to new products and other features. From the next innovations it’s worth highlighting:
- BTC integration. Equilibrium supports the adoption of bitcoins in the DeFi industry. In 2020, the integration with pTokens is planned, which will allow users to generate EOSDT in exchange for BTC.
- New web application. The improved interface and dashboards will be actively used in the new web application. The developers have made them more convenient and easy to use
- Saving pool. This is a new product, based on smart contracts that allows users to receive an interest rate, based on their EOSDT deposits. Instead of unstable EOS, users will receive interest from a token, pegged to the dollar.
More interesting product features will be released this year. The creators of the platform have a goal - to turn Equilibrium into a single center for the interaction of DeFi products and applications.