The decentralized perpetual contract protocol Equation has launched its V3 version: permanently exempt from trading fees, introducing profit rate mining and loss subsidy mechanisms

2024-05-14 18:14:51

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ChainCatcher news, Equation has launched its V3 version, with key updates including the permanent waiver of trading fees, using protocol funding fees as a new source of income, and real-time settlement features. At the same time, by implementing the EQUIP-8 proposal, Equation has innovatively introduced profit mining and loss subsidy mechanisms: "profit mining" means that Equation will allocate EQU mining quotas based on users' weekly profit rates in trading competitions, with the top three users also sharing an additional bonus pool; the "loss subsidy mechanism" refers to Equation allocating EQU subsidy amounts based on the proportion of users' losses in contract trading, with a maximum subsidy of up to 100% of the loss amount. The implementation of this proposal aims to provide an extra layer of security for trading users, reduce trading risks, and enhance users' trading confidence.

As of the time of publication, Equation offers perpetual contract trading services for 48 types of tokens, with a total trading volume exceeding 21 billion dollars.

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