Weekly Report #18
Dear Equalizers,
We are ready! We open the public access on 16th August 2021!
Last week has been very exciting for us, after the release of Equalizer’s platform on Rinkeby test-net and opening the access to public testing, we are happy to disclose during our weekly report #18 all the details and information that you need to know about the forthcoming main-net release, so take a seat, fasten your belt and enjoy this report.
Update #0 Main Net Release — 16th August
Be sure you are the first to know about the opening of the first vaults: $ETH $EQZ $BTC $UDST $USDC $DAI $LINK $AAVE $UNI $MATIC
The opening will be announced here: https://discord.gg/pjwzZqrHCX
Discover all the benefits of being an early liquidity provider here: https://link.medium.com/UAetvEx0Cib
Find out what to expect from the first version of Equalizer here: https://link.medium.com/ia1WFQaQGib
Update #1 Development
The core functionalities of the Equalizer Platofm are fully developed, tested, and audited:
- deposit and withdraw liquidity (single asset) — an individual vault is created for each listed token, so you can deposit and withdraw the respective token
- request flash loans from any of the listed vaults
- add new ERC20 vaults/tokens
- increase/decrease the fees, individually for each vault
- increase/decrease the capacity of each vault
All is set for Ethereum main-net release!
The Yield Farming features are still in testing and will be released in a few weeks after we have enough usage statistics to calculate the proper APY.
In parallel, we are working to add the next chain: Binance Smart Chain.
Update #2 Bug Bounty Campaign
Thank you to all the participants in our Bug Bounty Campaign, we are proud to say that our community just discovered 2 little bugs in the UI, both of them already fixed.
The campaign is still opened so you can still participate!
Update #3 Marketing
This week we paid extra attention to our community, and in our medium channel, we wrote a couple of “must-read” articles for the upcoming main-net release, please check them and get familiar with all the advantages and benefits offered by the platform.
As you may already know, we target 3 categories of users and all our marketing activities will focus on them:
- liquidity providers — to provide funds in the vaults and to get 90% of the generated fees
- crypto-projects — to list their tokens on the platform and boost their trading volume in decentralized exchanges
- traders/arbitrageurs — to consume the flash loan services and to generate fees
As we build the first flash loan marketplace in DeFi market we are aware that the users will not come from day one and it will take time and huge effort for market adoption and integration. That’s why we see the public launch as being 3 missions with clear goals:
1. Technical release of the platform — where the goal is to have a fully functional and secure platform
2. Deploy as many vaults as needed and accumulate reliable liquidity in each of them — where the goal is to reach $100M TVL for all the tokens and all the chains in the pipeline
3. Offer a big volume of flash loans — where the goal is to reach a market share of 50% of the current flash loans volume in the Defi space.
We know these are long and difficult missions, but we are all fully committed and confident we will achieve the goals!
That’s all for the last week, looking forward to the exciting new week that is coming, stay tuned!
Have a nice weekend, see you next week!
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.
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