What is Equalizer (EQZ) | What is Equalizer token | What is EQZ token
In this article, we’ll discuss information about the Equalizer project and EQZ token
Equalizer: The Dedicated Flash Loans Marketplace
Flash loans are a completely new concept for the world of finance. However, they are becoming extremely popular in the decentralized finance space. Typically, a flash loan is a loan taken for a very short period of time from a decentralized lending platform to carry out specific tasks.
By definition, a decentralized finance ecosystem doesn’t rely on centralized entities to equalize the prices in different protocols. So, who takes care of this task? The answer is arbitrageurs! The arbitrageurs balance the decentralized markets and, of course, make a profit out of it. For engaging in profitable arbitrage trades, arbitrageurs need a dedicated flash loan platform that they can rely on. Here is where Equalizer comes into the picture.
“But there are already too many of these platforms!!”
If you’re aware of the recent developments in decentralized finance (DeFi), that may have been one of the few things you thought about Equalizer.
Well, come on, don’t be so harsh. We’d not have built a new DeFi platform just for the sake of it. And what you just thought… we agree to it, partially, yet we differ.
There are already many DeFi protocols that offer flash loans to individuals and entities. But how many protocols can you think of that you can categorize as a dedicated flash lending platform?
We did not create Equalizer to add to the crowd. We made Equalizer as a dedicated protocol and only one core service: flash loans.
Why Equalizer?
The first account of lending and borrowing date back to the Mesopotamian region in 2,000 BCE. Since then, it has burgeoned into a multi-trillion dollar industry — a major part of our financial landscape.
Since whenever the concept came into being, people have borrowed from various sources and for various reasons. But it is today that we have the opportunity to create a completely fair lending ecosystem using blockchain and cryptocurrency. An ecosystem without intermediaries, without any falsifications, without long waiting times, or high fees.
In 2019, the global peer-to-peer lending market accounted for $67.93 billion, and it is projected to reach $558.91 billion by 2027. In the current P2P scenario, there’s a lack of accountability, security, and transparency alongside a segregated market failing many customers worldwide. Apparently, though, the demand for P2P lending is on the rise. And blockchain, crypto, and DeFi are here to serve this growth by creating a fairer P2P lending and borrowing space.
In this big picture, a special type of loan, called flash loan, is possible only in the blockchain space. It is a type of loan that you can have for a few seconds, and it can be any amount you want without requiring any collateral. This is something unique, right? For the first time in the history of humankind, we have the chance to get a loan for free…
But so far, we only have DeFi protocols that offer flash loans as a side product. At Equalizer, we believe flash loans create a big enough sector with an extremely high demand to have a dedicated decentralized finance protocol.
That’s our reason. We are here to fill a gap that is there but may not be visible due to the lack of focus.
With Equalizer, we intend to give people a service that is tailored to provide one core capability — Flash Loans — and do it perfectly… better than so many of the “do-it-all” DeFi protocols. We are creating Equalizer with a vision to make it a core ecosystem player that can generate value for all stakeholders.
Equalizer is that much-needed building block of DeFi that equalizes and balances the decentralized market while making it more resilient. It will also act as a tool that can be used and integrated with other DeFi products and services.
While we believe that’s enough a reason to create a DeFi protocol that specifically focuses on one large sector of finance, we know that you as a user need more than that to use Equalizer. So, let’s dive deeper.
Equalizer take the opportunity of building a new niche in the DeFi Ecosystem.
Equalizer is a dedicated flash loan marketplace that aims to offer a better and more professional flash loan service than the existing solutions in the DeFi market. The platform aims to become the standard in the market for Flash loans, thanks to the low and dynamic fees, a unique incentive scheme for liquidity providers, a fast and scalable infrastructure, unlimited token range, an integration-friendly philosophy, a unique governance model, and a multi-chain capability
Because of that Equalizer is not just creating a new product, Equalizer is building a new niche/opportunity in the DeFi ecosystem. See figure below.
By definition, Equalizer belongs to Layer 3, or the Protocol Layer, of the DeFi ecosystem.
It will function alongside other DeFi protocols such as decentralized exchanges, lending and borrowing protocols, asset management platforms, and so on.
Being at the protocol level guarantees that Equalizer can evolve with tailored solutions at the adjacent layers. Flash loan being the core business of Equalizer, can build the bridge between decentralized applications and crpyo assets. We have the ambition to become the flash loan market maker and to equalize the decentralized markets, but offering a tailor-made service needed for arbitrage, collateral swapping, liquidations, portfolio rebalancing and many other use cases.
Why Would People Use Equalizer?
We’re not a fan of Facebook and Instagram but because it has penetrated so deep into our lives (like, really) we think it would serve as the best example. When Instagram launched, it was still possible to share photos and videos on Facebook. And yet, you see, how a large portion of Facebook users moved to Instagram. Why?
Facebook serves as a platform where you could share a variety of formats of content. Instagram, however, puts photos and videos at the forefront. That is why people were attracted to Instagram like bees to flowers. Instagram leveraged people’s attraction toward visually appealing content. Yet, Facebook continues to usher.
That’s what Equalizer aims to do. It does not intend to push other DeFi protocols out of business. Equalizer leverages one specific need of the decentralized finance ecosystem and caters to that need only, while other protocols continue to serve other needs. And because Equalizer offers only one core service, it has a greater chance of building more trust in its protocol, by being more agile and flexible to adapt to market conditions.
Additionally, by serving as a dedicated flash lending protocol, Equalizer has a wide range of benefits over other protocols that offer it as a side service. Let’s take a look.
- Dynamic Fees: Equalizer’s business model focuses only to provide flash loans. All the fees are dictated by an algorithm that considers market forces such as the number of transactions, interactions, and by the community through governance voting. This allows Equalizer to keep lending fees as low as possible so it doesn’t cut out into the profits, but also high enough to be attractive for liquidity providers. The fees can be fine-tuned based on market conditions and based on governance decisions.
- Unique Incentive Scheme: Equalizer offers continuous incentives to liquidity providers so there’s enough liquidity at all times in each token’s vault.
- High Scalability and Throughput: Equalizer is built to have a scalable infrastructure that can handle the rising demand for decentralized flash lending and borrowing without any lag in transactions.
- Interoperable: The vision of decentralized finance to offer financial services to everyone around the globe remains unfulfilled without applications interoperating across blockchains. Equalizer is built, by design, to operate across multiple chains to maximize the number of people who can benefit from it.
- Compatible with all Tokens: Unlike the many other protocols, Equalizer aims to desegregate the lending market by allowing any token to be listed and offered as a flash loan on the protocol. This allows better inclusivity, more flexibility to the users, and profit from new market opportunities untapped before.
- Multi-Chain and Cross-Chain capabilities. Equalizer follows the market trends and has the ambition to launch the platform on any compatible chain that can generate volume: main Ethereum or L2 chains, Binance Smart Chain, Polkadot, etc.
Governance Token
The Equalizer token denomination is EQZ and it represents the ERC20
token used for platform governance.
The total fixed supply is 100,000,000 tokens.
Distribution
The Equalizer platform is governed through the DAO formed by the token holders. We are building an instant governance system with the near real-time implementation of voting results encoded in the platform. All votes will be made on-chain and the platform will be driven by a fully decentralized governance system.
The Equalizer platform will mint a total supply of 100,000,000 Governance Tokens. The Governance tokens will be distributed to the core team, advisors, early adopters, early investors and the rest will be for further development of the platform. Depending on the type of token holder, there are different vesting periods. The Governance token is not a financial instrument, it is used to fine-tune the parameters of the Equalizer platform and to adapt to the evolution of the DeFi market. Each token represents one option to vote (not the obligation to vote).
Governance
The governance model will be based on the instant governance model, which implies that changes to protocol parameters will take effect almost instantly rather than having to wait for lengthy voting periods, which is in line with our general focus on responsiveness and celerity in all processes. This will allow token holders to decide on the fine-tuned profitability model for each token’s vault based on market evolutions, providing a dynamic goldilocks level that makes the vault profitable at all times for both liquidity providers and arbitrageurs.
This governance structure is made possible by the following DAO-like voting procedure - each governance token holder can stake their tokens to vote and the weight of each user’s vote is proportional to the total number of tokens staked. On a daily basis, the results of the weighted votes are tallied and applied.
The holders of the governance token will vote on at least one of the following parameters:
- How many token vaults will be allowed for yield farming
- What are the tokens accepted for yield farming
- The flash loan fees for each individual token vault
- What is the maximum accepted liquidity in each Token Vault
- What is the split for the fees obtained from offering the flash loans
- How to spend the funds from the Equalizer Treasury
- Pause the flash loan for a specific token vault (default none)
- Different decisions for the evolution of the platform
As a community-driven project, Equalizer aims to bring added value to the entire DeFi space by becoming the first Flash Loans Market Maker.
How and Where to Buy Equalizer (EQZ) ?
EQZ is now live on the Ethereum mainnet. The token address for EQZ is 0x1Da87b114f35E1DC91F72bF57fc07A768Ad40Bb0. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy EQZ token
Contract: 0x1Da87b114f35E1DC91F72bF57fc07A768Ad40Bb0
Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once EQZ gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
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Find more information EQZ
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Message Board 2 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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