Equilibrium, a dominant player in the realm of Polkadot-based decentralized finance, has made a resounding announcement, ushering in a new era with the introduction of its cutting-edge Q tokenomics. Known for steering Polkadot’s exclusive native decentralized stablecoin, EQD, the project proudly declares this paradigm shift as a strategic evolution in its trajectory. Departing from the conventional EQ tokens, Equilibrium’s embrace of Q tokenomics signifies a transformative leap, unlocking the gates to a dynamic and innovative ecosystem governed by the newly introduced Q tokens.
The launch of Q tokenomics is not just a mere adjustment; it symbolizes a strategic recalibration of Equilibrium’s core approach and underscores the project’s commitment to staying at the forefront of technological and financial innovation within the Polkadot ecosystem. As the only native decentralized stablecoin on Polkadot, EQD has already established Equilibrium as a key player, and the introduction of Q tokenomics reinforces the project’s commitment to pioneering advancements.
Key Highlights of the Q Tokenomics Launch
- Commencement Date: January 2, 2024
- Transition Period: January 2 — January 16, 2024
- Accepted Assets for Swap: EQ, DOT
- 1Q = 500 EQ
- 1Q = 0.001 DOT + 300 EQ
- Vesting Period: 90 days cliff + 270 days vesting
This strategic pivot is in harmony with Equilibrium’s dedicated focus on Polkadot’s Liquid Staked Derivatives and the recent establishment of EQ.finance, a prominent liquid DOT hub. Central to EQ.finance is EQD, the pioneering decentralized interest-bearing stablecoin in the Polkadot ecosystem. The updated tokenomics promises to amplify liquidity incentives for EQD users and foster strategic collaborations with liquid staking service providers.
The Qnomics framework introduces a capped supply of 120 million Q tokens, subject to a maximum lockup period of three years. Crafted around EQD mechanics and liquidity incentives, Q token holders are strategically positioned to reap the benefits of a broad staking landscape, with the staking Q pool poised to capture a substantial share of protocol revenue streams. Detailed insights into Qnomics are available in Equilibrium’s latest article.
Crucially, a democratic groundswell swept Equilibrium in December’s referendum #7. A decisive 52% majority of its engaged community embraced Q tokenomics, charting a new course powered by the dynamic governance and utility of the Q token. This great pivotal decision, enshrined on their transparent portal, stands as a resounding testament to their unwavering commitment to community-driven evolution. Witness the power of their collective voice shaping the platform’s future, a testament to the strength of a community united in purpose.
The token swap initiative also extends its reach to GENS tokens from Genshiro, Equilibrium’s sister project on the Kusama network. GENS holders can participate in the swap at a rate of 4,000 GENS per 1 Q, with an extended lockup period of 180 days cliff + 360 days vesting.
EQ.finance stands as the premier liquid DOT hub in the Polkadot ecosystem, empowering users to leverage various DOT derivatives for the creation of EQD stablecoins. EQD, the inaugural decentralized interest-bearing stablecoin of the Polkadot ecosystem, offers a novel dimension to DeFi, collateralized by a diversified basket of assets.