• Moonbeam and Equilibrium partner to integrate multi-chain assets, expanding possibilities for connected contracts.
• The partnership allows GLMR, EQ token and EQD stablecoin to move between the chains and supports bridged liquidity from outside the Polkadot ecosystem.
• Equilibrium is a Substrate-based DeFi protocol that offers high leverage in trading, along with borrowing digital assets.
Moonbeam & Equilibrium Partnership
MoonBeam and Equilibrium have announced a major partnership tailored towards the integration of multichain assets. This opens up a range of benefits while playing a huge role in expanding the possibilities for connected contracts. A bi-directional HRMP channel was successfully established that allowed GLMR, EQ token and EQD stablecoin to move between the chains as well as bridged liquidity from outside the Polkadot ecosystem.
Equilibrium is a one-stop Substrate-based DeFi protocol parachains that runs on the Polkadot network. It bridges the gap between high-leverage money market and an order book decentralized exchange (DEX), with margin trading capabilities. Participants can benefit from on-chain price discovery along with systemwide insurance when using Equilibrium’s platform. That native utility token being utilized for its governance is termed as ‚EQ‘.
Benefits Of The Partnership
The primary benefit of this partnership is that it allows users access to Multichain Assets on both networks, providing them with more opportunities than ever before when it comes to connecting contracts across different networks or blockchains. Additionally, XCM has already been integrated which serves as a base point for Moonbeam Routed Liquidity (MRL). In MRL, Moonbeam functions as router bringing liquidity from external blockchains like Ethereum into Polkadot parachains like Equilibrium’s platform.
This partnership between Moonbeam & Equilbrium brings forth many advantages such as access to Multichain Assets across multiple networks & blockchains making it easier than ever before for users to connect contracts across platforms while also benefiting from XCM integration which acts as a base point for routed liquidity into Polkadot parachains like those provided by Equilbrium’s platform.
This Moonbeam & Equilbrium collaboration provides users access to Multichain Assets across various networks & blockchains allowing them easy connections for connecting contracts while also benefitting from XCM integration which acts as a base point for routed liquidity into Polkadot parachains like those provided by Equilbrium’s platform resulting in lots of new opportunities opening up!