$EQU, the native token of Equation's decentralized perpetual protocol on Arbitrum, embodies a pivotal role within the ecosystem. Its maximum supply is capped at 10 million, generated through liquidity mining and referral mining. Holders of $EQU gain access to a range of benefits, forming an integral part of Equation's incentive structure. Participants can earn $EQU through activities like holding contract positions, providing liquidity to trading pools, and contributing to the EQU/ETH pool on Uniswap, among other avenues.
Users can stake $EQU directly or use EQU-ETH LP NFTs, receiving veEQU on a 1:1 basis. This non-transferable token provides governance rights and a share of 25% of the protocol’s trading fees, offering additional incentives for longer lock-up periods.
$EQU's standout feature lies in its innovative hybrid token model, combining Fungible Tokens (FT) and Non-Fungible Tokens (NFT). This model addresses conflicts of interest and introduces a fair launch strategy through liquidity mining and referral mining. Leveraged liquidity opportunities redefine the role of Liquidity Providers (LPs), allowing them to set their own leverage up to 200x, enhancing capital efficiency, and sharing 50% of trading fees and liquidity mining rewards.
Transparent and inclusive governance, involving EFC-Architect holders and veEQU holders, ensures community-driven decision-making. The user-centric approach, emphasized by founder 0xfermat, prioritizes a seamless, transparent, and user-friendly trading experience, contributing to trustless transactions and financial freedom.