Weekly Report #17

4 min readAug 7, 2021

Dear Equalizers,

This week we’ve achieved a very important milestone: Equalizer’s platform is fully deployed on Rinkeby test-net and the access is opened for public testing. We are in an intensive testing period, having the goal to identify all the potential bugs, fix them, and be ready for a secure launch on main-net.

Your support is needed at this moment, so we invite you to give it a try, using the following links:

Join http://discord.equalizer.finance on the #testing channel and ask test tokens
Test: https://test.equalizer.finance
Report: http://bugs.equalizer.finance

But let’s discover more about this plan in our weekly report #17

Update #1 Development

We did extra miles to make sure all the initial modules of the platform are fully functional and properly documented. We are very close to reaching the final goal, our team is working hard to make it happen!

After few things left is better to let you know what is missing and what we have done, here are the details:

Equalizer Technical progress

The Equalizer UI/UX is 100% developed
The Flash Loans Smart Contracts are 100% developed
The Core Services APIs are 100% developed
The Yield Farming Smart Contracts are 100% developed
Audit of the Flash Loans smart contracts — completed, all the issues are fixed and we are waiting for the final report
Audit of the Yield Farming smart contracts — work in progress, last issues are being fixed and getting ready for the final report
Testing process — 70% done. Bugs are being detected and fixed.
Documentation — 80% completed

Update #2 Bug Bounty Campaign

As a part of our Q/A (Quality Assurance) and because from the beginning we trusted in our community, and their feedback has been always awesome, we’ve decided to launch a bug bounty campaign where the top reported bugs will be rewarded!

More info here below:

https://equalizer-finance.medium.com/equalizer-finance-announces-bug-bounty-campaign-53803e46e462

Feel free to join and to provide any kind of feedback you consider relevant for the Equalizer Platform.

Update #3 Equalizer Testnet Information

Here is a recap of all the info and links that you need to test the platform on Rinkeby Test-Net.

Test: https://test.equalizer.finance

Report bugs: http://bugs.equalizer.finance

We have a new discord channel for the testing, join http://discord.equalizer.finance/ #testing channel and ask for $EQZ test tokens.

Update #4 Marketing

We are building the marketing strategy for user acquisition focusing on 3 categories of users:

Liquidity Providers — looking for long-term LPs that will provide liquidity in the inial set of vaults/tokens listed.
Crypto Projects — to partner with and to list their native token on the Equalizer Platform
Flash Loan users — arbitrageurs and traders — will consume the flash loan services of the listed vaults, to generate profit.

For each category of the target audience, we are working on dedicated marketing campaigns to make sure that, after the platform is launched on main-net, we can progressively generate usage.

As usual, the support of our community is well received, so in case you have any marketing proposal that clearly targets the audience mentioned above, feel free to send us your ideas.

Update #5 Partnership

Building a strong ecosystem is one of the top priorities of Equalizer. We believe that proper development of the DeFi market and especially of the flash loan market relies on strong building blocks that can integrate and boost the user experience.

That’s why, we are happy to announce a new long-term, strategic partnership with one of the most visionary projects in the Defi market, HYVE.

That’s all for this amazing and productive week!
Have a nice weekend, see you soon!

The Equalizer Team
The Flash Loan force be with you!

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About Equalizer

Equalizer is the first dedicated flash loan marketplace built on top of a multi-chain infrastructure that can handle the rising demand of decentralized lending and borrowing, which can boost any listed asset’s trading volume. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and scalable infrastructure.