TechFlow reports that Polkadot liquid staking protocol Equilibrium has announced the launch of its new Q tokenomics. The token swap program will begin on January 2, 2024, accepting EQ and DOT as eligible assets for exchange. The conversion rates are set at 1Q = 500 EQ, and 1Q = 0.001 DOT + 300 EQ, with a vesting period of 90-day cliff followed by 270-day linear release.
Equilibrium serves as the liquidity DOT hub within the Polkadot ecosystem, enabling users to leverage various DOT derivatives to mint EQD, the first decentralized yield-bearing stablecoin in Polkadot. Backed by a diversified basket of collateral assets, EQD introduces a new dimension to DeFi.
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