Polkadex Partners with Equilibrium to Offer an Enhanced Crowdloan Experience
Polkadex Crowdloan contributors not only get PDEX rewards, but also some extra bonuses & liquidity options thanks to our Crowdloan Launch Partner, Equilibrium!
The Polkadex Crowdloan is now live and the Polkadex team is excited to announce our latest partnership. Polkadex has partnered with Equilibrium to enhance the Polkadex Crowdloan experience and increase the overall rewards pool. The partnership gives Polkadex Crowdloan contributors the ability to keep their DOT liquid throughout the duration of the lock (Crowdloan + parachain lease), all while earning even more rewards.
Equilibrium Rewards for Polkadex Crowdloan contributors
Every Polkadexer who contributes to the Polkadex Crowdloan through Equilibrium will receive the following rewards:
- Base reward starting from 0.1875 PDEX per DOT. That’s just the base reward. The final PDEX base reward amount will most likely be higher since PDEX rewards are paid as a % of your contribution to the total DOT contributed.
- 15% early-bird bonus on all contributions made in the first 72 hours.
- 5% on all contributions after the first 72 hours and till the 9th day.
- An exclusive NFT for each of the top 1,000 contributors
Plus the following rewards from Equilibrium:
- 10 EQ tokens per DOT
- 1 xDOT per every DOT
- 0.5 EQ per DOT referral bonus
Important
If you have 1 PDEX in your Polkadot.js account, you can contribute as much or as little DOT as you want without worrying about the existential deposit.
If you do not currently have any PDEX in your Polkadot.js account and wish to contribute less than 22 DOT, please buy at least 1 PDEX so your account will meet the existential deposit requirement of 1 PDEX. That way, your account will be considered as ‘active’ and you’ll be able to receive your PDEX rewards.
Contribute to the Polkadex Crowdloan via Equilibrium’s xDOT now!
What is xDOT?
xDOT is a token that represents a Crowdloan contributor’s locked DOT position. Polkadex Crowdloan contributors will get 1 xDOT for every 1 DOT they contribute. Once the parachain lease comes to an end — 96 weeks after the parachain goes live — xDOT holders can redeem xDOT for DOT at a 1:1 ratio.
In the meantime, however, xDOT allows Polkadex Crowdloan contributors to keep their initial DOT contribution liquid at all times. They 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.
All this means that contributors to the Polkadex Crowdloan do not need to worry about locking their DOT for an extended period of time as they can now benefit from the liquidity of xDOT while they earn PDEX and more!
Full rewards breakdown and participation guide
For more details on how much PDEX you can get and how to participate in the Polkadex Crowdloan, check out the guide below:
About Equilibrium
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.
Stay tuned for more partnership announcements coming soon!
As the Polkadex Crowdloan grows, partners become more and more important to the success of Polkadex in the Polkadot parachain auctions and beyond. Follow the Polkadex channels below to be the first to hear about new partnerships!
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