Posted 7 months ago | by Catoshi Nakamoto

Yesterday, the Bitsquad was joined by Equalizer Finance, a project that is aiming to become the first non-collateralized dedicated flash loans provider cross chain for DEFI ecosystems on BSC, Ethereum, and Polkadot. Equalizer has promising impressive partnerships with — Orion Protocol, Injective Protocol, Elrond, Chainlink, Polygon, and many others.

eqzbitboy AMA Recap: Equalizer Finance The First Non-Collateralized Dedicated Flash Loans Cross Platform For DEFI

Equalizer Non-Collateralized Loans Without Friction

Equalizer Finance headed by Iulian Nita has extensive experience designing and implementation of complex blockchain projects working with chains like Ethereum, Fabric, Steem, Tezos, and Algorand. Equalizer announced one of the largest DEFI reward pool contests with $250,000 up for grabs for borrowers. Flash loan lenders benefit from the flash loan fees, and flash borrowers will be awarded from the contest reward pool. Equalizer’s protocol empowers anyone, anywhere on the globe, to borrow without friction any amount, with absolutely no collateral needed. The catch here is that amount has to be returned to the vault within the same block. If a user fails to repay the loan in the same block, the whole transaction is reversed. This guarantees the safety of the funds in the vaults, according to Nita.

Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction.

Equalizer Finance offers numerous prospective advantages, including:

The lowest and most efficient gas fees
Unique incentive scheme for liquidity providers
Fast and scalable infrastructure
Unlimited token range for equalizer vaults
Integration-friendly philosophy, extensive documentation, and examples, follow the flash loan EIP 3156 standard
Unique governance model
Multi-chain and cross-chain capabilities able to plugin any blockchain
Arbitrage
Liquidations and self-liquidations
Collateral swapping
Flash minting
Portfolio rebalances
Loans refinancing

Check out our full incitive AMA with Equalizer Finance below!

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:02]
Welcome to Bitsquad AMAs, I am your host The Cat. Today, we have Equalizer Finance a project that is providing dedicated flash loans cross chain to DEFI ecosystems on BSC, Ethereum, and Polkadot. Thanks for joining us team! Please introduce yourselves a bit about your background and your current role with Equalizer.

Alen – @alenhorvat
Alex – @LexGo0
Stefan – @abancu
Liviu – @litium1000
Julian – @CryptoBaker
Pablo – @planeth

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:03]
[ 👋 Sticker ]

P, [20.10.21 14:03]
Hi everyone !, glad to be here 🙂

Stefan-Adrian Bancu, [20.10.21 14:03]
[ 😎 Sticker ]

Julian | Equalizer, [20.10.21 14:03]
hello everyone! glad to be here! thanks for invitation !

Alex Dan, [20.10.21 14:03]
Hello everyone!

Alen Horvat, [20.10.21 14:03]
Hi BitSquad community!

litium1000, [20.10.21 14:03]
Hello everyone! Glad to be here!

P, [20.10.21 14:04]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Hi, I’m Pablo, In charge of Cyber Security and DevOps for Equalizer. I’m an experienced Red Hat Certified Engineer, with research expertise in various DLT solutions, such as Graphene DPoS Blockchain, Ethereum private networks, Hyperledger Besu (PoA).

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:04]
Happy to have you all and to give the Bitsquad a chance to explore your project.

Alen Horvat, [20.10.21 14:04]
I’m Alen, a senior researcher and blockchain architect with years of experience in private and permissioned blockchain networks, P2P communication, distributed storage solutions and consensus protocols.

Alex Dan, [20.10.21 14:05]
I am Alex and I am in charge of UI/UX, SEO, Platform Optimisation, Frontend Architect and UX specialist with over 20 years experience in Software Development, Management, Agile development specialist, AI and Crypto enthusiast.

litium1000, [20.10.21 14:05]
I am Liviu, the Project management and Quality Assurance guy. I am a Senior Project Manager with more than 12 years of experience in Information and Communication Technologies. I am passionate about new technologies and blockchain evangelist.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:05]
Ill let everyone introduce themselves and then we can jump into the project itself.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:05]
[ 😘 Sticker ]

Julian | Equalizer, [20.10.21 14:05]
I am the product lead of Equalizer. I’ve been in the crypto market for more than 6 years and I am a believer in the power of blockchain technology. I have a deep background as an architect of various large scale blockchain projects, using different technologies: Ethereum, Tezos, Algorand, Steem, Fabric, etc. I was also a former university lecturer and researcher, with extensive experience in engineering innovative systems.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:07]
Thanks team great backgrounds and experience guys.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:08]
So lets discuss a bit about what your goals of your project are and what you are trying to accomplish?

Stefan-Adrian Bancu, [20.10.21 14:08]
hey guys, this is Stefan, I am currently assuming role of CTO of Equalizer. I started as a programmer about 18 years ago and 5 years ago I started to play with Ethereum blockchain which convinced me that this is the future. PS: I strongly believe that blockchain is the biggest thing after the invention of internet

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:09]
[In reply to Stefan-Adrian Bancu]
oh I am so sorry Stefan I didn’t realize you didn’t introduce yourself.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:09]
A lot of people from your team to keep track of. 😉

Julian | Equalizer, [20.10.21 14:10]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Our business model is based on a single core service: providing the most efficient, secure, and reliable flash loans service in DeFi market. By offering a tailor-made service needed to create a strong foundation, we aspire to become a solid building block of the Decentralized Finance market.

Equalizer aims to become the foundational component of DeFi that equalizes and stabilizes the decentralized markets, making DeFi more resilient.
Having a unique business model focused on flash lending, it allows for unprecedented levels of performance, flexibility and unique value propositions:
Lowest fees
The most efficient in terms of gas
Unique incentive scheme for liquidity providers
Fast and scalable infrastructure
Unlimited token range for equalizer vaults
Integration-friendly philosophy, extensive documentation and examples, follow the flash loan EIP 3156 standard
Unique governance model
Multi-chain and cross-chain capabilities
By capitalizing on the advantages that our platform offers, users are empowered to an unprecedented degree to seek opportunities and capitalize from operations such as:
Arbitrage
Liquidations and self-liquidations
Collateral swapping
Flash minting
Portfolio rebalances
Loans refinancing

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:11]
[In reply to Julian | Equalizer]
Very robust set of features that your platform plans to offer. How much of this is currently live and available for public use?

Julian | Equalizer, [20.10.21 14:14]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Our platform is live on Ethereum and Binance Smart Chain , ready to start the adoption
The yield farming and governance are still work in progress
So I would say the big part of our development is already done. We focus now on market adoption

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:15]
[In reply to Julian | Equalizer]
Awesome. What would you say is your biggest competitor in the market of DEFI flash loans and how does your platform improve upon what this other project is doing?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:16]
@planeth please share links with me in our group and ill forward to the chat.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:16]
Our bot prevents links due to scammers.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:16]
[ 😘 Sticker ]

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:18]
[Forwarded from P]
@JustAC4t here are the links

App : https://app.equalizer.finance
Equalizer Bridge: https://bridge.equalizer.finance/
Equalizer Flash-Loans: https://equalizer.finance/flash-loans

Julian | Equalizer, [20.10.21 14:18]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
we have a dedicated section in our whitepaper where we compare with our competitors.
Just to summaries few of our advantages :
– comparing to AAVE and DYDX , we are more efficient in term of gas cost and in terms of fees
– also, we have the flexibility to deploy on any chain and with any asset
– we have a unique business model and governance model that focus only on flash loan service, giving us flexibility to quickly adapt to market conditions

Julian | Equalizer, [20.10.21 14:20]
all the advantages are already presented on our dedicated landing page on our website equalizer. finance

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:20]
[In reply to Julian | Equalizer]
Very promising, and yes I read through your whitepaper. But I wanted you to explain to our audience who may have not had the time or are just being introduced to your project. I read probably about 5-10 whitepapers a day. lol.

Julian | Equalizer, [20.10.21 14:20]
hehe, indeed 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:20]
[In reply to Julian | Equalizer]
Thank you

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:21]
[In reply to Julian | Equalizer]
Cross chain interoperability is the future so glad to hear you can deploy on any chain with ease.

Julian | Equalizer, [20.10.21 14:22]
indeed, we see more and more DeFi activity on other chains

Julian | Equalizer, [20.10.21 14:22]
so our goal is to quickly move and deploy to any new chain that is getting more traction in this market

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:22]
It’s also important to highlight some of the partnerships you guys have acquired which really solidified my approval of the project for all of our influencers and this AMA.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:23]
You guys have partnered with Orion Protocol, Injective Protocol, Elrond, Chainlink, Polygon and many others.

Julian | Equalizer, [20.10.21 14:23]
-the Equalizer platform has a native multi-chain architecture

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:23]
Are there any further partnerships you would like to share with us today or exciting announcements? I typically hold our guests feet to the fire until I get an announcement out of them. 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:24]
[ 😳 Sticker ]

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:24]
So give me a bone

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:25]
Common you know you want to. @Cryptobaker

Julian | Equalizer, [20.10.21 14:25]
hehe, yes, we have a big partnership that we are working on with one of the top 5 blockchain projects from the crypto space 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:25]
[In reply to Julian | Equalizer]
Lets play hangman! 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:26]
[ 😂 Sticker ]

Stefan-Adrian Bancu, [20.10.21 14:26]
[ 🤩 Sticker ]

Julian | Equalizer, [20.10.21 14:26]
we can’t disclose the name yet, as you can understand the NDA conditions 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:26]
Can I have the last letter at least?

Stefan-Adrian Bancu, [20.10.21 14:26]
O yeah

Stefan-Adrian Bancu, [20.10.21 14:27]
yOu can have it

Alen Horvat, [20.10.21 14:27]
It is not a hard guessing game as we’re present on top 2 already 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:27]
[In reply to Stefan-Adrian Bancu]
I asked for the last letter not the Koolaid man.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:27]
[ 😂 Sticker ]

litium1000, [20.10.21 14:28]
it’s three letters, that we can tell you

Julian | Equalizer, [20.10.21 14:28]
sorry, NDA kills us

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:28]
[In reply to Alen Horvat]
Fair enough. Anything else you would like to highlight partnership or announcement wise about your project? I saw you recently launched one of the largest if not the biggest flash loan contest in the DEFI space. Can you tell us a bit more about that and how users can win?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:29]
[In reply to litium1000]
THATs too easy and should be deleted. lol

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:29]
But I am glad you gave us an exclusive announcement and I don’t have to beg.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:30]
[ 🥺 Sticker ]

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:30]
Because then the the big bulging kitty eyes come out.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:30]
You can’t resist

Julian | Equalizer, [20.10.21 14:30]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
indeed, we organize the biggest DeFi flash loan contest ever, with a reward pool up to $250000 to stimulate the market adoption and to incentive the flash loan users

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:31]
[In reply to Julian | Equalizer]
I completely understand

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:31]
[In reply to Julian | Equalizer]
So all a user has to do to win some of this reward pool is participate in the lending process?

Alen Horvat, [20.10.21 14:32]
In the borrowing process 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:32]
borrowing, lending, same difference. 😉

Julian | Equalizer, [20.10.21 14:33]
Any user that uses the flash loan service, during the timeframe of the contest, is automatically considered as a participants . We even have an airdrop of 100$ for the fist 150 users

Alen Horvat, [20.10.21 14:33]
Flash loan lenders benefit from the flash loan fees and flash borrowers are awarded from the contest reward pool 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:34]
So how can Equalizer change DEFI for the better opening DEFI markets up to more of the world who are financially kept out of the traditional finance world such as countries in Africa?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:35]
[In reply to Alen Horvat]
Thank you for explaining that process.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:36]
[In reply to Julian | Equalizer]
Very nice!

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:36]
[In reply to Julian | Equalizer]
Around how many users currently use your platform is that data available?

Alen Horvat, [20.10.21 14:38]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
We just released the platform and we’re boosting the adoption of the platform for both lenders and borrowers.

Julian | Equalizer, [20.10.21 14:38]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Flash Loans of Equalizer enables anyone, anywhere in the world, to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within the same block. If this does not happen, the whole transaction is reversed, and undo all the operations executed until that point. This guarantees the safety of the funds in the vaults.
So, as you can see, the service is open to everyone , no liquidity needed, no pre-requirements

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:39]
[In reply to Alen Horvat]
Okay, so let me switch that up then. What is your realistic goal next year around this time for users?

Stefan-Adrian Bancu, [20.10.21 14:40]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
this one is easy, we all know that blockchain by default is borderless. anyone with an internet connection can use it. We as a platform are aiming to deliver at the lowest cost a product to help user to take advantage of this entire crypto space. i.e. think about you take a loan from one of the big DeFI projects like AAVE but then you want to take advantage of an opportunity that comes to compound, you need a tool to do that and we offer it to you. and the coolest thing ever is that you don’t need any other collateral to do it.

Julian | Equalizer, [20.10.21 14:40]
the market adoption is coming slowly, we have a huge plan for next 6 months to increase the adoption and usage
as a statistics: we have 20k unique visitors in the last months

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:41]
[In reply to Julian | Equalizer]
So I have a question that just came up. As we know transactions on the blockchain are not reversible. So please explain how you enable loans without collateral as someone could just come in and ask for a loan then not pay it back? How do you prevent this type of theft from happening?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:42]
This specific part stuck out to me.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:42]
“if that amount is returned to the vault within the same block. If this does not happen, the whole transaction is reversed, and undo all the operations executed until that point.”

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:42]
How does this all work?

Stefan-Adrian Bancu, [20.10.21 14:42]
this one is easy 😛

Julian | Equalizer, [20.10.21 14:42]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
It’s the protocol itself. Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction.
Flash Loans enable you to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within one transaction block.
If this does not happen, the whole transaction is reversed and undo the actions executed until that point. This guarantees the safety of the funds in the vaults.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:43]
[In reply to Stefan-Adrian Bancu]
It’s a very interesting concept to offer non-collateral based loans to users. However, I still don’t fully understand how you prevent theft.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:44]
[In reply to Julian | Equalizer]
Interesting…

Stefan-Adrian Bancu, [20.10.21 14:44]
There is no magic on this. It is known that one transaction is atomic. that means once the transaction is verified by the miner and added to a block everything in that transaction is happening at the same time from an external point of view. how it works is at the end of the transaction we actually check you can and you do return the funds you take, if not then the entire state changed by the transaction is reverted

Julian | Equalizer, [20.10.21 14:45]
so you have the loan only for a few seconds 🙂 now the question is what you do with it in these few seconds ?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:45]
[In reply to Julian | Equalizer]
Impressive nice

Stefan-Adrian Bancu, [20.10.21 14:46]
so in one transaction you can embed multiple small transactions that do several jobs for you all under the take the flash loan transaction umbrella

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:46]
[In reply to Stefan-Adrian Bancu]
I understand how it works now, I guess the words “no collateral” just scares people like me haha

Combot, [20.10.21 14:46]
Thomas 🍀 has been banned! Reason: CAS ban (https://cas.chat/query?u=1142107548).

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:46]
[In reply to Julian | Equalizer]
Right I understand it now.

Julian | Equalizer, [20.10.21 14:47]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
just trust the smart contracts 🙂 that’s all

Stefan-Adrian Bancu, [20.10.21 14:47]
basically one flow would be : take the flashloan on EQZ platform(big transaction) and inside it you code: pay the loan on aave, open a new loan on compound you get a better interest then with the money from the second loan you pay the flashloan you initially taken. if you don’t do that the entire transaction would be reverted. if you do that you would end up w/o having any more money in your wallet with a loan that is moved from aave to compound

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:47]
[In reply to Stefan-Adrian Bancu]
When you put it like that, my mind wanders to very interesting possibilities.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:48]
[In reply to Julian | Equalizer]
Trust but verify. 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:48]
[ 🥳 Sticker ]

Julian | Equalizer, [20.10.21 14:48]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
we are also excited , so many use cases….it’s just the beginning 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:49]
So before wrapping this up. Lets discuss tokenomics of the actual token EQZ.

Julian | Equalizer, [20.10.21 14:49]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
our audit is public 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:50]
[In reply to Julian | Equalizer]
That’s a step in the right direction for sure!

Julian | Equalizer, [20.10.21 14:51]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
sure, our favorite topic 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:51]
One of my favorites too besides blockchains and consensus

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:51]
[Forwarded from P]
Audit of Equalizer smart-contracts
https://docs.equalizer.finance/equalizer-deep-dive/security-audits

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:52]
After this question and I share the project’s links, I promise to let you guys have the floor and ask the questions Bitsquad.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:52]
[ 🤑 Sticker ]

Julian | Equalizer, [20.10.21 14:55]
The Equalizer token denomination is EQZ, an ERC20 and BEP20 token used for platform governance and distributed via the token generation event.
The token is used as:
– Incentive for Liquidity Providers of the Equalizer Token Vaults as a Yield Farming instrument
– Incentive for the Uniswap and Pancakeswap Liquidity Providers, as a Liquidity Mining reward
– To stimulate the uptake and integration of Equalizer platform in other existing or future platforms in the DeFi market.
– Funding pool for R&D projects with focus on multi-chain and cross-chain capabilities.

The Equalizer platform minted a fixed supply of 100,000,000 Governance Tokens. Token holders will have the right to vote for important governance decisions and they will receive access to Equalizer premium services

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:57]
[In reply to Julian | Equalizer]
Is the Equalizer Token Vaults a staking service?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:57]
Is there any benefit of holding or staking your coin?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:57]
Besides governance rights?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:58]
Also, my other question is does Equalizer plan to deploy its token on other chains besides ETH and BSC?

Julian | Equalizer, [20.10.21 14:58]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
yes, is a PREMIUM staking service as you get 90% of the fees generated by flash loan service + additional EQZ tokens if you decide to use also the yield farming program

Julian | Equalizer, [20.10.21 14:59]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
APY, right to vote and access to premium services

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 14:59]
[In reply to Julian | Equalizer]
WOW that’s incredibly lucrative

Alen Horvat, [20.10.21 15:00]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Of course 🙂 The Equalizer EQZ token can be transferred, using Equalizer Bridge, to all blockchains supported by the Equalizer platform. This will decrease the supply on blockchains and have the effect of burning tokens 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:00]
[In reply to Julian | Equalizer]
thank for all your answers

Julian | Equalizer, [20.10.21 15:00]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
yap, double chances to gain profit , with a concentrated liquidity

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:01]
So my last question before I share your project links. Is there anything else you would like to highlight that we haven’t covered today?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:01]
[In reply to Alen Horvat]
Wow that’s exciting

Stefan-Adrian Bancu, [20.10.21 15:04]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
After we launched we did focus to connect with flash loan users and we did succeed and now we are closely working with them to close their development on using our vaults 🙂

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:06]
[In reply to Stefan-Adrian Bancu]
Very awesome, I look forward to your project developments. You guys make sure to come back and chat in the future when you have grown. You have my attention and for the record I am known for denying 99% of projects. Hell I am the reason that projects don’t get on the channels of numerous influencers and TV broadcasting on Fox Business, Bloomberg, CNBC, Newsmax etc.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:06]
So having The Cat’s approval is a big thing.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:06]
[ 🍷 Sticker ]

Julian | Equalizer, [20.10.21 15:06]
We are proud to announce that Equalizer is the most efficient flash loan service in the market, it’s a just matter of time to get the biggest market share of the $1B flash loan monthly volume

Stefan-Adrian Bancu, [20.10.21 15:06]
Also it was itching me to say that even though there are platforms that do offer flash loan service we are the first to only do that thus we are proud to say we are the most effiient in terms of gas and computation aswell as the first to use the approved standard for this product

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:07]
With that thanks for coming to today’s AMA guys. I hope you had fun and I hope everyone learned something. Here are some project links and ill be opening the floodgates for 5 mins for user questions. I will then pause the chat. Best questions as chosen by the team have the chance to win a prize pool of $$$. How many users will you be chosing as winners today?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:07]
[Forwarded from P]
Project Links

Website: https://equalizer.finance
White Paper: https://whitepaper.equalizer.finance

App page: https://app.equalizer.finance
Equalizer Bridge: https://bridge.equalizer.finance/
Equalizer Flash-Loans: https://equalizer.finance/flash-loans

Discord: https://discord.equalizer.finance
Twitter: https://twitter.com/EqualizerFlash
Telegram: https://t.me/EqualizerFlash
Telegram Announcements: https://t.me/equalizerann
Medium: https://equalizer-finance.medium.com/
Youtube: https://www.youtube.com/channel/UCpBxUlxHtELZepfdlBVGmVw

Julian | Equalizer, [20.10.21 15:10]
we will try to answer all the questions and we will reward the best 5 questions with 100$ each

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:11]
Okay

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:11]
floodgates

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:11]
opening

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [20.10.21 15:11]
Open

 

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g AMA Recap: Equalizer Finance The First Non-Collateralized Dedicated Flash Loans Cross Platform For DEFIActivist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.