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Equilibrium August 2019 Summary: Let the On-Chain Voting Begin!

Equilibrium August 2019 Summary: Let the On-Chain Voting Begin!

As summer turns to fall, we continue working on Equilibrium’s transition from the framework behind the EOSDT stablecoin to an intuitive environment for creating advanced DeFi products that can use the out-of-the-box liquid stablecoins pegged to multiple currencies. We’ve also made further headway by listing our core assets on major exchanges and integrating with popular wallet providers.

Here’s what we accomplished in August 2019.

Major News! On-chain voting

This month we debuted our on-chain voting process for EOS block producers (BPs). This system lets those who hold our NUT utility token choose BPs to be staked with Equilibrium’s EOS collateral (more than 4.8 million at the moment). As this happens on the blockchain, voting is conducted in a completely transparent and tamperproof manner.

You can check out the BPs who won our first round of on-chain voting right here. If you missed your chance to vote this time around, don’t worry, we’re choosing new BPs every ten days, and the collateral pool only gets larger each time. Visit our voting page voting.eosdt.com in order to participate!

Smart contract updates

We are in the process of becoming a dApp Service Provider (DSP) and will be reducing the collateralization requirements for the Equilibrium framework. For this reason, we’ve issued some updates to the smart contracts that drive our framework and partnered with LiquidApps dApp network. You can read about those updates in detail here. Stay tuned, we’ll share some great news on this soon!

Listings and integrations

We’ve collaborated with one of the crypto market’s most renowned wallets, Huobi Wallet. EOSDT is the first EOS-based stablecoin to join the seven other price-stable currencies supported there.

The eighth exchange to support the Equilibrium framework’s core asset is none other than Cripto InterCambio, one of the best...

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