Genesis Block Ventures Invests in Cross-chain DeFi Protocol Equilibrium

Full-service investment company Genesis Block Ventures (GBV) has announced its investment in cross-chain DeFi protocol Equilibrium. 

 

Equilibrium is the first Polkadot-based interoperable DeFi money market that combines pooled lending, synthetic asset generation, and decentralized trading.

In April 2021, Equilibrium announced the completion of its $2.5 million Series A funding round. Genesis Block Ventures joined the round, along with heavyweight inventors including CMS Holdings, KR1, Signum Capital, AU21 Capital, and others.

Equilibrium is on the right path to become the interoperable home of DeFi, where users can lend, bail out, borrow and trade all kinds of crypto assets. With cross-chain interoperability, Equilibrium successfully attracts institutional clients from multiple platforms onboard. It offers users the highest possible on-chain liquidity, solving a chronic issue in the DeFi space. 

Additionally, Equilibrium sets itself apart with its innovative features such as bailouts, which provide liquidity for users in advance to secure loans and to earn additional yield. None of the currently leading DeFi protocols on the market achieves the all-round features offered by Equilibrium to ensure overall user value. 

Equilibrium: Cross-chain Engine for Liquidity Pools

We are also thrilled about Equilibrium’s latest achievement: It is creating a version of Curve Finance’s automated market maker (AMM) on Equilibrium’s chain within the Polkadot ecosystem. 

 

As a further step towards its vision of open finance, Equilibrium will be able to facilitate trading of homogeneous assets on Polkadot, whether they are DOT-based or different tokenized versions of the same asset, like Bitcoin’s WBTC and renBTC. Equilibrium’s Curve plugin project has received support from the Web3 Foundation via its Open Grant Program.

 

As an investment company with a mission of building the future through blockchain technology, Genesis Block Ventures has built a wide-reaching, vibrant blockchain ecosystem, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and decentralized finance (DeFi) projects. 

 

We share the same vision with Equilibrium that the current DeFi ecosystem is fragmented, and the market needs a new product fully compatible with key DeFi use cases in a convenient, unified interface. Through the investment, Genesis Block Ventures will help further expand Equilibrium’s opportunities in the crypto and DeFi space. We are excited to participate in the journey to redefine Polkadot DeFi!

About Equilibrium

Equilibrium is the first Polkadot-based interoperable DeFi money market that combines pooled lending, synthetic asset generation, and decentralized trading.

 

Using Polkadot’s advanced Substrate technology to create its own blockchain, Equilibrium will extend its DeFi product line to a one-stop cross-chain money market. 

 

It is designed to end market segmentation and will let users conveniently fill all their DeFi needs in one place – uniting decentralized liquidity pools, enabling cross-chain lending with built-in synthetic assets, and advanced price discovery and bailout mechanics to ensure maximum liquidity.

About Genesis Block Ventures

Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center. 

 

This capital venture firm has a mission of building the future through blockchain technology. It is an active participant in the DeFi revolution and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects. 

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