What is Equilibre? Equilibre is an AMM designed based on inspiration from Veledrome on Optimism and Solidly on Fantom. The Equilibre itself also has many updates and innovations compared to older models. So what’s special about the Equilibre model? Let’s find out in the article below!
Before reading the article about Equilibre, people can refer to some of the articles below to better understand and have a more general perspective on Equilibre.
- What is Curve Finance (CRV)? Curve Finance Overview of Cryptocurrencies
- What is Velodrome (VELO)? Velodrome Cryptocurrency Overview
- How Solidly (SOLID) Works
What is Equilibre?
Equilibre Overview
Equilibre is a ve(3,3) AMM built on inspiration from the Velodrome platform designed to create a massive liquidity layer for the entire Kava ecosystem with low fees.
By building and developing on Cosmos, Equilibre has a vision of becoming a connection gateway for Ethereum and other BLockchain EVMs such as BNB Chain, Fantom, Celo, Aurora, Avalanche C Chain, Optimistic Rollup,… to Cosmos through via Kava.
Equilibre improvements
Equilibre improvements over Velodrome
Compared to the StableSwap Velodrome platform on the Optimism platform, Equilibre has a number of outstanding improvements as follows:
- API and UX optimization in simplifying the veNFT issuance process, maintaining stability when users provide liquidity,…
- User documentation becomes more concise and easier to understand.
- The user interface is simplified and interaction with the platform is more direct, efficient and faster.
- Improve Internal Bribes Contract
Equilibre’s improvements over Solidly
Some of Equilibre’s significant improvements over Solidly include the following updates:
- Tyling Rewards with Emissions: Voting of the “potential” will appear earlier and the “Bribes” will be received before each “expoch” begins.
- Productive Gauges: There will be one “governor” ensures efficient operation between the incentive amount and the volume of any liquidity pair. If that liquidity pair does not meet expectations, the incentive will be removed.
- Prolonged Emotions Decay: Using RAVA as the project’s liquidity bootstrap driver is absolutely necessary, however, the duration of this Liquidity Mining program will be longer than Solidly to avoid too much dumping of project tokens.
- White Glove Support: In tokenomic there will be a section for the development team so they can continue to accompany and develop the project.
The Equilibre Difference
Equilibre introduces users to the Lock & GovEarn mechanism and it works as follows:
- Step 1: Participate in providing liquidity on Equilibre to receive LP Tokens.
- Step 2: Participate in staking LP Token to receive additional inflation rewards, which is the project’s native token, VARA.
- Step 3: VARA key receives veVARA.
- Step 4: Leverage the power of veVARA to control VARA inflation and incentives on the Equilibre platform.
- Step 5: The profits you earn from your power include: Emissions, Rebase, Bribes, Trading Fees.
- Step 6: Continue to lock all VARA you receive to increase your power as the number of veVARA increases.
Development Roadmap
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Core Team
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Investor
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Tokenomics
Overview of the Equilibre project token
- Project name: Equilibre
- Token code: RAVA
- Blockchain: KAVA
- Token classification: Update…
- Smartcontract: 0xe1da44c0da55b075ae8e2e4b6986adc76ac77d73
- Total supply: 41,000,000
Token Allocation
- Grants: 40%
- Partner Protocols: 33.75%
- Developer Fund: 15%
- Community Fund: 10%
- Testnet Rewards: 1%
- Intial Liquidity 0.25%
Token Release
Equilibre’s total supply will be amortized over 200 weeks. Equilibre’s inflation rate will start at 1.83M VARA per week and decrease by 1% each week.
Token Use Case
Equilibre is a project that includes 2 tokens, VARA and veVARA, in the form of NFT.
- VARA used as a reward for liquidity providers.
- veVARA used in protocol administration.
Equilibre’s tokenomics is also built on two popular concepts:
- Vote-Escrow: First introduced by Curve Finance to help token holders control the protocol to generate the highest profits for themselves.
- (3,3) Game Theory: Originally introduced by Olympus DAO.
The above two mechanisms combine to create the tokenomics economy on Equilibre.
Project Information Channel
- Website: https://equilibrefinance.com/swap
- Twitter: https://twitter.com/EquilibreAMM
- Discord: https://discord.com/invite/Z8SuEE5MZf
- Medium:
Summary
Equilibre is designed as a prominent AMM on the Kava ecosystem. In the future, if Kava explodes with the Cosmos ecosystem, there is a high possibility that one of the first native AMMs on the platform will also benefit.
Hopefully through this article, everyone will understand more about what Equilibre is?