The Equilibria protocol has showcased remarkable progress within the decentralized finance (DeFi) sector, reporting an impressive increase in total value locked (TVL) over the past two months. As of September 9, the TVL stood around $80 million, and it has since surged to approximately $194 million, marking a 142% increase. This substantial growth is primarily driven by the Bitcoin pool of the Solv Protocol on the BNB Chain, where Equilibria’s TVL reached a milestone of $18 million.
How Has the EQB Coin Price Changed?
The surge in TVL is accompanied by a significant rise in the price of EQB coin, Equilibria’s primary asset. Since early September, the value of EQB has jumped by 105%, moving from $0.17 to $0.35, presenting users with viable yield opportunities.
What Benefits Do Users Gain from EQB Coin?
Users who lock EQB coins enjoy various benefits through vlEQB, including reward incentives, voting rights, and staking rewards. This encourages greater community involvement and expands Equilibria’s user base.
– EQB coin’s price increased by 105% since September.
– Approximately $170,000 in incentive rewards distributed.
– 62% of circulating EQB coins currently locked, showing strong market interest.
– High security measures remain a top priority for user safety.
Equilibria is committed to maintaining robust security protocols in the DeFi landscape, ensuring user safety remains at the forefront of its operation.