The on-chain perpetual contract protocol Equation officially launches the position mining activity

ChainCatcher news, the on-chain perpetual contract protocol Equation announced on Twitter that it will officially launch its position mining activity on November 6 at 6 PM (UTC+8). Users holding contract positions in Equation will receive the Equation ecosystem token EQU as a reward for position mining, with the specific reward amount positively influenced by the position size and holding duration. Currently, the daily release amount of $EQU is 10,000 tokens, of which 50% will be allocated to position mining, while other mining categories will be diluted proportionally.

Equation is a decentralized perpetual contract protocol based on Arbitrum, which has passed a security audit by the third-party auditing firm ABDK. With its innovative BRMM model, Equation can provide traders and liquidity providers with leverage of up to 200 times. Additionally, Equation has the industry's lowest liquidation risk (0.25%) and trading fees, and allows traders to open positions without limit restrictions.

According to Equation's official statement, the trading volume of Equation's perpetual contracts has currently exceeded 50 million dollars, and the total leverage liquidity within the protocol has surpassed 400 million USDT.