EOSDT is a dollar-pegged digital currency that leverages underlying EOS and BTC collateral and adds extra liquidity to the market.Get Wallet
What is EOSDT?
EOSDT is a dollar-pegged digital currency that leverages underlying EOS and BTC collateral and adds extra liquidity to the market. EOSDT is a product based on EOSIO and Equilibrium. EOSIO is a next-generation, open-source blockchain protocol with high transaction speed and flexible utility. Equilibrium is a software service with a consensus-based governance system.
Insured by Equilibrium Stability Fund of 4,644,839.39 EOS
The stability mechanisms are embedded in smart contracts to maintain a 1:1 parity with USD
Collateralizing cryptocurrency is the only way to put EOSDT into circulation
The main feature of EOSDT is a reliable price. It is possible with the three public and reputable oracle providers which are feeding prices every minute. The stability mechanism is embedded in the smart contracts to maintain a 1:1 parity with USD and provides agile and accessible liquidity. The Community has the right to vote for changing and implementing global system parameters and it makes the EOSDT decentralized, safe and transparent. EOSDT Insured by Equilibrium Stability Fund of 4,637,787.59 EOS ($11,455,335.34). Collateralizing cryptocurrency is the only way to put EOSDT into circulation. You can buy EOSDT coin on an exchange of your choice and manage it in Guarda Wallet.
What is EOS?
EOS is a blockchain platform with smart contracts support and complete toolkit for creating and managing dApps. Many participants of the cryptocurrency community call this project Blockchain v.3.0.
After rebranding the platform’s official name was transformed into EOSIO in 2018. It’s already one of the leaders in the number of daily transactions.
The key goal of EOS is to create a versatile functional environment that can offer all the smart contracts available features, reliable hosting for dApps creators, and decentralized storage for corporate solutions.
What is Equilibrium?
Equilibrium is a framework for creating various decentralized stablecoins and developing DeFi (Decentralized Finance) products. Equilibrium-based projects allow users to generate digital assets pegged to multiple currencies and use multifunctional DeFi applications. Its framework running on the EOS blockchain has built a stack of core libraries for developing different apps like gateways and block producer's voting dApps.
A valuable part of the Equilibrium system is the incentivization of external agents called guardians. These external actors require liquidity in order to quickly obtain collateral from the liquidator smart contract and sell it at a profit. So the creators developed an on-chain liquidity contract to offer them this opportunity. The equiexchange contract is simple. It currently supports two trading pairs: EOS/EOSDT and NUT/EOS. These trading pairs are always quoted in reference to the current price from the rates contract. Interactions with the exchange contract are very simple: there are two transfers, buy and sell. Both require a pair_id and quantity.
Delta hedging using EOSDT
Traders are often interested in acquiring a put option on their portfolio. It provides high-level protection against market declines. One way to do it is to create a synthetic put option on the portfolio by maintaining a position in the underlying asset (or portfolio) so that the delta of the position equals the delta of the required put option. There aren’t any options or futures markets that currently allow for hedging strategies in the blockchain world. The one and the only way to hedge the trader's portfolio is to actually trade it against a “risk-free” asset, by hedging into it at times of market decline and hedging out of it when markets grow.
Equilibrium-based system tackles user portfolio hedging with EOSDT:
Users stake their portfolios to a separate hedging contract. This contract listens to price changes from the oracle and reacts to them immediately If it is necessary.
EOSDT lending and borrowing pool
The Equilibrium platform has a separate protocol that establishes money markets on the EOS blockchain. These markets are pools of digital assets with algorithmically derived interest rates based on the supply and demand of an asset. The asset lenders and borrowers interact with the protocol, earning and paying a floating interest rate without the need to negotiate terms like interest rate, maturity, or collateral with a third party. Equilibrium operates an EOSDT pool where all users may lend or borrow EOSDT stablecoins. The smart contract is available for the public and any user or company can use it to provide on-chain liquidity in their token of choice.
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