Partnership: Kylin Network Joins Equilibrium's Closed Beta

Kylians!

We are happy to share that Kylin and Equilibrium are teaming up for Equilibrium’s Closed Beta Contest. We have the opportunity to create a team consisting of Kylin community members to beta test their products and, in the process, win some EQ tokens by having the best portfolios.

The Equilibrium team posted a detailed article here on the reward mechanism. Any Kylian that is interested in participating will need to sign up using the Kylin community code: KYLIN5443

The registration form will be open until September 10, 00:00 UTC, after which it will be closed. For the Kylin team to be activated, we need to have 30 users sign up using the Kylin community code.

$40,000 worth of EQ tokens is up for grabs across the entire event, with 200,000 EQ tokens allocated to the top 10 users on the Kylin team. Also, the Kylin team will be able to win 1.3M EQ in the team qualification.

This is an excellent opportunity to help the Equilibrium team deliver a great product while winning some tokens. Everyone wins!

About Kylin Network

Kylin Network strives to be a composable and configurable multi-level oracle infrastructure built as a Polkadot parachain, for the democratization and delivery of accurate data on time, at a reliably low cost. Kylin hopes to offer a way for chain-agnostic APIs to serve data according to service level agreements (SLA) that the consumers of this data will be aware of.

Data source compatibility beyond price feeds will bootstrap a free data market. This will allow market demand to determine the direction of the innovation of a feed, its price, and supply. With dynamic NFTs & SFTs, Kylin’s ongoing development will innovatively tokenize data streams that democratically will be accepted on the Kylin Network.

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About Equilibrium

Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX. 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.

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