Finally, Equilibrium launches first orderbook DEX. The orderbook-based decentralized exchange (DEX) launched on the Dotsama ecosystem.
Orderbook DEX will including following features:
— A fully integrated on-chain orderbook.
— Real-time spot market with margin trading
— Our DEX offers the lowest comparative margin requirements (5%)
— Users can leverage up to 20X!
Liquidity provider incentives
Prior to the launch, they are inviting users to become liquidity providers for our new market making (MM) pools. They could also earn bootstrap rewards from a special GENS allocation. With the launch of the DEX liquidity providers can now enjoy DeFi-like income on their liquidity provisions to the MM pools.
The new liquidity incentive mechanics was developed to track several user activities in the system. Genshiro switches to rewards per epoch with following parameters of the reward model:
Rewards pool: 60M GENS tokens.
Epoch length: 7 days
Number of epochs: 48
Reward per epoch: 1.25M GENS tokens
The genshiro tokens will be distributed to users according to their involvement in the platform activities, several parameters are tracked over the course of each epoch:
- Liquidity value inside MM pools
- Average value of insurance in the Bailsman portfolio
- Average value of the debt of the Borrower portfolio
About Equilibrium and Genshiro
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 crowd loan bonuses on Polkadot.
Genshiro is a Kusama-based sister-chain for Equilibrium. It’s the protocol that helps users seamlessly earn yield, borrow, and trade on margin. Using asset portfolios instead of single collateral vaults.