How liquid staking disrupts parachain auctions on Polkadot -Breaking
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The crowd loan in Polkadot is an (DOT) crowdsourcing event. It allows members of the community to fund bids at upcoming parachain-slot auctions. The community can contribute DOT and receive project tokens in rewards. Users will get their DOT back within two years, which is the standard term for a slot lease. Projects can raise significant capital using DOT tokens, which may be worth several hundred millions of dollars.
The obvious downside for users is the need to lock their DOT for two years where they don’t have access to their liquidity during this lockup period.
Alex MelikhovEquilibrium is owned by Alex, who serves as the founder and CEO of Equilibrium. It’s a decentralized DeFi consortium on Polkadot that includes a cross-chain lending platform for banks and an order book-based exchange. Alex is a veteran of the fintech and entrepreneurial worlds. He has been active in cryptocurrency since 2013. Equilibrium is his current project and aims at solving the liquidity fragmentation problem in DeFi.
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