Key Functionality Of The EQ Token
If Equilibrium were a movie, then the EQ token is something like our main character.
EQ is the core asset at the heart of our interoperable money market, widely used throughout the system and the applications that run on top of it. The initial supply is 120 million EQ tokens, fully compatible across every smart-contract enabled blockchain bridged with Polkadot. EQ circulation will slightly increase every year due to annual inflation of 2.5%.
EQ token use cases broadly fall into four categories: paying fees, accessing system governance, liquidity farming, and bailouts/system liquidity. The first three applications are pretty common for most native DeFi tokens, but EQ’s applications for bailouts and system liquidity are rather unique to ours. We’ll get into all of this below.