Polkadex Partners with Equilibrium Once Again for a Better Polkadex Crowdloan Experience
On top of 10x higher PDEX rewards, Crowdloan contributors via Equilibrium will also receive EQ and xDOT.
The Polkadex Crowdloan has returned with better rewards than ever before and we’re once again partnering with Equilibrium to boost the Crowdloan experience and increase the overall rewards pool. Combined with the chance to earn more rewards and the ability to keep their DOT liquid throughout the duration of the lock (Crowdloan + 96 week parachain lease), the partnership also provides Polkadex Crowdloan contributors with a friendlier user interface.
Rewards for Polkadex Crowdloan contributions via Equilibrium
Every Polkadexer who contributes to the Polkadex Crowdloan through Equilibrium’s xDOT product will receive the following rewards from Polkadex:
- Base reward of at least 2 PDEX per DOT.
- An exclusive utility-based NFT for each of the top 1,000 contributors which will grant holders a 20%–50% discount on Polkadex Orderbook trading fees.*
In addition, contributors will also receive the following rewards from Equilibrium:
- 10 EQ tokens per DOT
- 1 xDOT per every DOT
What is xDOT?
xDOT is a token that represents a Crowdloan contributor’s locked DOT position. Polkadex Crowdloan contributors on Equilibrium will get 1 xDOT for every 1 DOT they contribute. Once the 96 week parachain lease comes to an end, xDOT holders can redeem xDOT for DOT at a 1:1 ratio.
In the meantime, xDOT allows Polkadex Crowdloan contributors to keep their initial DOT contribution as liquid as possible at all times. Contributors can choose to trade xDOT, use it as collateral in DeFi loans, or even use it to provide liquidity to pools and start earning yield.
Essentially, thanks to xDOT, contributors to the Polkadex Crowdloan can earn PDEX rewards, earn yield on their xDOT (and therefore increase their DOT position), and earn EQ tokens — all while supporting Polkadex in its mission of securing a parachain slot!
Full rewards breakdown and participation guide
For more rewards details and a more comprehensive guide on how to participate in the Polkadex Crowdloan, check out the article below:
The Polkadex Crowdloan Returns for Batch 3 of the Polkadot Parachain Auctions
2M PDEX in rewards plus an exclusive utility-based NFT collection for Polkadex Crowdloan contributors in batch 3 of the…
For more Polkadex Crowdloan rules and terms please refer to our Crowdloan website.
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. EQ is the native utility token that is used for communal governance of Equilibrium. xDOT is a liquid and tradeable wrapped DOT that unlocks liquidity of DOT locked in parachain auctions and delivers multiple crowdloan bonuses on Polkadot. Subscribe to Equilibrium’s Telegram, Twitter, Facebook, and Medium.
The Polkadex Crowdloan is in full swing and more partners will be going live soon! We’re excited to have partnered with Equilibrium and can’t wait for Polkadex Crowdloan contributors to take advantage of Equilibrium’s features. Stay tuned for more Polkadex Crowdloan news using the channels below!
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*The discount structure may be subject to change at the time of the launch. While the NFTs will be distributed soon after Polkadex secures a parachain spot, their utility is subject to changes and will not be applied until 2023.
The NFTs are minted on Kusama. If there are no bridges to move tokens from Kusama to Polkadex at the time of the NFT and the implementation of its utility, the Polkadex team will announce a buy-back in order to reissue them on the Polkadex network.