What is Equilibre? Things to know about Equilibre

• What is Equilibre?
• Equilibre's Improvements
• Improvements due to Velodrome
• Improved Internal Bribes Contract
• Equilibre's difference
• Tokenomics
• Equilibre project token overview
• Token Allocation
• Token Release
• Token Use Case
• summary

What is Equilibre?

Equilibre is an AMM designed in the mite (3.3) model and inspired by the Velodrome platform . Equilibre was developed with the aim of creating a large liquidity layer for the entire Kava ecosystem with low fees.

In addition, Equilibre also builds and develops on Cosmos with the goal of becoming a gateway connecting with Ethereum and other blockchain EVMs such as BNB Chain , Fantom, Celo, Aurora , Avalanche C Chain, Optimistic Rollup… to Cosmos through Kava.

Equilibre's Improvements

Improvements due to Velodrome

• Compared to Velodrome, Equilibre optimizes API and UX more in simplifying veNFT issuance process and keeping stability for users providing liquidity…
•  Equilibre provides users with shorter and easier to understand documents.
• The user interface is simplified and interaction with the platform is more direct, efficient, and fast.

Improved Internal Bribes Contract

Improvements over Solidly

• Tyling Rewards with Emissions : Voting of the “potentials” will take place earlier and the “Bribes” will be received before each “expoch” begins.
• Productive Gauges : There will be an administrator in charge of coordinating the amount of incentive and volume of any liquidity pair to achieve the most effective. In case that liquidity pair does not meet expectations, the incentive program will be removed.
• prolonged Emssions Decay : It is absolutely necessary to use VARA as a driving force to promote the growth of liquidity for the project. In Equilibre, the organization of Liquidity Mining will take longer than Solidly to reduce selling pressure on Equilibre project tokens.
• White Glove Support : In Equilibre's tokenomics, a certain amount of tokens will be reserved for the development team for them to continue to accompany and develop Equilibre.

Equilibre's difference

Equilibre's difference lies in the Lock & GovEarn mechanism. This mechanism works as follows:

• Step 1: Users who participate in providing liquidity on Equilibre will receive LP Tokens.
• Step 2: Next, users participate in staking LP Token to receive more inflation rewards as the project's native token – VARA.
• Step 3: Then the user locks VARA and gets veVARA.
• Step 4: Users can take advantage of the power of veVARA to control inflation and incentive of VARA on Equilibre platform.
• Step 5: The profits that users earn include Emissions, Rebase, Bribes, Trading Fees.
• Step 6: Continue to lock all received VARA to increase your strength as more and more veVARA is available.

Tokenomics

Equilibre project token overview

• Project name: Equilibre
• Token: VAVA
• Blockchain: KAVA
• Total supply: 41,000,000 VARA

Token Allocation

• Grants: 40%
• Partner Protocols: 33.75%
• Developer Fund: 15%
• Community Fund: 10%
• Testnet Rewards: 1%
• Internal Liquidity 0.25%

Token Release

Equilibre tokens will be amortized to stakeholders within 200 weeks. Equilibre's inflation rate will start at 1.83 million VARA per week and gradually decrease by 1% every week.

Token Use Case

Equilibre owns a token duo of VARA and veVARA in the form of NFT.

• VARA is used as a reward for liquidity providers.
• veVARA is used in protocol administration.

summary

Above is some information about the Equilibre project and the VARA token. As a leading AMM on the Kava ecosystem, Equilibre may be of interest to investors if Kava and Cosmos explode in the future. 

If you are interested in the Equilibre project, you can follow the project's social networking sites:

Website | Twitter | Discord | Medium

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