The Polkadot liquid staking protocol Equilibrium has launched a new token Q, which will undergo a token swap

ChainCatcher news, the Polkadot liquidity staking protocol Equilibrium has announced the launch of a brand new Q token economics. The token swap program will start on January 2, 2024, with acceptable swap assets being EQ and DOT. The swap rate is 1Q = 500 EQ, 1Q = 0.001 DOT + 300 EQ; the exercise period is a 90-day cliff + 270 days of linear release.

It is reported that Equilibrium is the liquidity DOT hub in the Polkadot ecosystem, allowing users to create EQD stablecoins using various DOT derivatives. EQD is the first decentralized interest-bearing stablecoin in the Polkadot ecosystem, providing a novel dimension for DeFi, backed by a diversified basket of assets.