Crust Network Has Partnered With Equilibrium
Crust Network has partnered with Equilibrium for 3rd Party Crowdloan Channel
Crust Network collaborated with Equilibrium to support Crust for xDOT staking (voting in crowdloans via Equilibrium). To date there has been 356,000 DOT contributed via xDOT.
Rewards for Contributors
1）1 DOT will be rewarded with 0.2 CRU
Crust plans to bid for all 8 lease periods, and once successful, contributed DOT will be locked for the duration of the parachain lease (24 months). Contributors will receive a reward of 0.2 CRU per DOT, and there are 1,000,000 CRU allocated to reward crowdloan contributors. 30% of rewards will be available to claim immediately, the remaining will be released 10% each lease period.
Early Bird Bonus:
Contributions before January 20th, 2022 will receive a 30% CRU bonus
Contributions after January 20th, 2022 will receive a 20% CRU bonus
Equilibrium Bonus:
10 EQ : 1 DOT
Referral Bonus:
1 EQ : 1 DOT
About Equilibrium
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. 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. Equilibrium’s sister project Genshiro, a recent slot winner, is one of the first DeFi platforms running on Kusama.
About Crust Network
Crust Network is essentially an IPFS incentive layer protocol and a substrate-based blockchain that builds a decentralized storage network of Web3.0 ecosystem. Funded by DCF (Decentralized Cloud Foundation), It is designed to build a decentralized cloud ecosystem that values data privacy and ownership.
