Friday, March 29, 2024
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Binance and Eosfinex Join Equilibrium’s Decentralized Governance

Binance and eosfinex are participating in Equilibrium’s efforts to help bring enhanced decentralization to the DeFi project’s governance processes.Equilibrium is the interoperable DeFi hub best known for its USD-pegged EOSDT stablecoin, built on EOSIO. EOSDT enters into circulation when users pledge digital assets like EOS and Bitcoin as collateral, making

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Equilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out Automatically

According to CEO Alex Melikhov, Equilibrium’s EOSDT is now backed by smart contracts that pay out consumers if the dollar-pegged token crashes through its collateralized floor. Much like how America’s FDIC insures consumers’ traditional bank deposits against a run, Melikhov says these smart contracts inject certainty, and stability, in the

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