What Is Equalizer (EQZ)?

Equalizer (EQZ)is a cryptocurrency made to enable individuals and businesses to access financial services without intermediaries. Equalizer offers a loaning service that allows users to take and repay loans. The core feature of the Equalizer platform is providing loaning services to the users in the form of Flash lending. Flash lending is a financial product in the DeFi space that allows the borrower to avail loans, use the loans to make profits, and return the loan amount with interest, all within the same blockchain transaction.

According to the whitepaper, the primary objective of the Equalizer is to bring low cost and reliable flash lending services to the DeFi space instead of the various isolated initiatives that offer DeFi as an add-on product. Flash lending has some differences compared to traditional loans:

1. The risk on the lender's part is nullified by design. Equalizer achieves this by reverting the transaction if the borrower cannot repay at least the loan's principal amount.

2. In the Equalizer ecosystem, the loan's amount is constrained only by the funds available in the liquidity pool.

3. No need for collateral since there is no risk in lending on Equalizer. Other use cases also exist; for example, users can arbitrage their loans for trading on DEXes and generate a profit on the difference in the listed price. Additionally, the platform has liquidation events and collateral swapping to balance the borrowing capacity.

The value propositions of the Equalizer include low lending fees, dynamic fees, incentives for providing liquidity, fast and scalable infrastructure, and ease of integration. The platform also offers compatibility with multiple blockchains, including cross-chain transactions and an unlimited ERC20 token range. Users of the platform also have access to operations such as arbitrage, liquidations, collateral swapping, rebalancing portfolios, refinancing of loans, etc.

The token for Equalizer is EQZ. The EQZ token holders have formed a Decentralized Autonomous Organization (DAO) to govern the Equalizer platform. The platform also aims to build an instant governance model to end lengthy voting periods.

History of Equalizer (EQZ)

Equalizer (EQZ) was started in 2021 and is deployed on the Ethereum Main-Net and Binance Smart Chain. The team consists of Julian as the product leader, Alen as the Blockchain Architect, Alina as the CMO, Liviu as the project manager, and some other expert professionals. The total supply of the token is one hundred million.