According to official news, the liquidity of the Equation mainnet, a perpetual contract agreement on the chain, reached a new high within three days after it was launched. The total amount of leveraged liquidity pools such as BTC/USDT and ETH/USDT has exceeded 300 million USDT; during the same period, the risk buffer fund has grown to 2.29 million US dollars. , the transaction volume exceeded 30 million US dollars.
Equation is a decentralized perpetual contract protocol based on Arbitrum. With the BRMM model, Equation can provide traders and liquidity providers (LPs) with leverage of up to 200 times, and allows traders to open positions without quota restrictions, while having the lowest liquidation risk in the industry (0.25%). The Equation code has been open sourced and passed the audit of ABDK, an industry audit agency.