Ajuna Network starts partnership with Equilibrium and adds EQD support
We are thrilled to welcome EQD as an in-game currency for microtransactions on the Ajuna Network. This move further expands the utility of EQD, giving players the ability to make in-game purchases using the stablecoin.
Cedric Decoster, CEO & Founder of Ajuna Network said
“Providing a seamless user experience for gaming while introducing web3 functionalities will allow an increasing number of users to be onboarded. The introduction of new and familiar payment options will enhance both the user experience and provide new design options for developers building on Ajuna Network. Our continued partnership with Equilibrium involves integrating XCM, which will strengthen the ties and increase interoperability between our ecosystems”.
EQD is a Polkadot-native asset-backed stablecoin, with a 1:1 peg to USD. EQD can be minted against a well-diversified portfolio of assets, thereby greatly reducing a borrower’s collateral risks. EQD use cases extend beyond Equilibrium through its extensive connections with other ecosystems, such as the Ajuna Network.
The first season of our Awesome Ajuna Avatars is set to launch on the 10th of February and we look forward to welcoming the Equilibrium community. Join our Discord for an exclusive OG Role and upcoming rewards!
About Ajuna Network
Ajuna Network is a Switzerland-based decentralized gaming platform bringing blockchain gaming into the mainstream by integrating GameFi functionality with the world’s leading development engines, Unreal and Unity. Built on Substrate, Ajuna leverages the full potential of the Polkadot ecosystem to provide developers with a modular toolbox to easily add fully-featured GameFi functionalities to their games. Ajuna’s ultimate goal is to create real value for both gamers and developers by providing a fully interoperable decentralized ecosystem for games and virtual goods.
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. Dollar-pegged EQD is Equilibrium’s native decentralized stablecoin, collateralized by a weighted basket of assets and used as a universal unit of value within the DeFi ecosystem. eqDOT is a liquid DOT staking wrapper that allows users to participate in DeFi on Equilibrium while earning DOT staking yield.
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