On March 20, Equilibrium announced that it has won the 12th auction of Polkadot and will join the Polkadot network as the 12th parachain.
The project plans to launch spot and lending markets by June. It is reported that Equilibrium is designed as a super application, which integrates the most popular DeFi use cases, provides high-leverage cross-chain lending and trading of digital assets, combines order book DEX, margin trading function and innovative currency market, with minimum collateral Requirements as low as 105%.