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Reading: Equilibria Protocol Achieves Remarkable Growth in Decentralized Finance
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COINTURK NEWS > Altcoin News > Equilibria Protocol Achieves Remarkable Growth in Decentralized Finance
Altcoin News

Equilibria Protocol Achieves Remarkable Growth in Decentralized Finance

In Brief

  • Equilibria's total value locked has surged to 194 million dollars.

  • EQB coin price increased by 105% from 0.17 to 0.35 dollars.

  • The protocol maintains a strong focus on user security and community engagement.

İlayda Peker
İlayda Peker 7 months ago
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The Equilibria protocol plays a significant role in the decentralized finance (DeFi) ecosystem and has recorded substantial growth in the past two months. On September 9, the total value locked (TVL) was approximately 80 million dollars, which has surged to 194 million dollars today, reflecting a 142% increase. This growth is largely attributed to the Bitcoin $104,153 pool of the Solv Protocol on the BNB Chain, with Equilibria’s TVL reaching a historic peak of 18 million dollars on the BNB Chain.

Contents
Major Increase in EQB Coin PriceIncentive Rewards and Locked EQB Rate Increase

Major Increase in EQB Coin Price

Along with the TVL growth, the price of the main network asset, EQB coin, has also seen a remarkable rise. Since September, EQB coin has increased by 105%, climbing from 0.17 dollars to 0.35 dollars, offering users real yield opportunities.

Users locking EQB coins can benefit from various advantages through vlEQB, including reward incentives, voting rights, and staking rewards. All these factors contribute to increased community participation and bolster Equilibria’s user base.

Incentive Rewards and Locked EQB Rate Increase

Since September, Equilibria has distributed approximately 170,000 dollars in incentive rewards and BTCfi points. A significant portion of these rewards originated from BTC protocols like Solv Protocol, Bedrock, and PumpBTC. These rewards provide additional earning opportunities for vlEQB holders while strengthening community interaction within the protocol.

Currently, 62% of circulating EQB coins are locked, corresponding to 19.84% of the total supply. The rising demand in the market highlights the interest in vlEQB and underscores the protocol’s importance.

Furthermore, Equilibria continues to emphasize top-tier security measures within the DeFi space. The protocol has stated its commitment to enhancing security, reinforcing its dedication to user safety.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 4 November, 2024 - 2:06 pm 4 November, 2024 - 2:06 pm
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