Equilibrium Dollar price

EQD

Alex Melikhov is the founder and CEO of Equilibrium, the DeFi platform issuing EQD stablecoins. Alex is an engineer in applied mathematics by training. Before blockchain, he was working on fintech projects.

Equilibrium’s team includes 27 team members who have been working together since 2017. The engineering team is highly experienced in building on various blockchain platforms, from Ethereum to EOSIO and the Substrate framework. Now the team is developing on Polkadot to obtain true cross-chain interoperability and to turn Equilibrium into a full-fledged DeFi one-stop shop.

EQD can be transferred seamlessly and securely via Cross-Chain Message Format (XCM) to other Polkadot parachains without the need for external bridges, thanks to Polkadot’s interoperability technology.

EQD use cases, therefore, extend beyond Equilibrium through its extensive connections with other networks in the Polkadot ecosystem. In addition to EQD’s utility on Equilibrium as a quote currency for its orderbook DEX, EQD is adopted by other parachains as currency for various decentralized services fee payment, in-gaming transactions, as routing asset into other supported blockchains, and more.