XCM Disclosure: Equilibrium

Network Information:

Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It features three main products:

EQD - a decentralized USD-pegged stablecoin that is backed by a portfolio of assets. It comes with a strong peg mechanism and is secured by the on-chain Insurance Pool adhering to TradFi insurance business standards with on-chain risk management and pricing.

Money market - a pooled lending protocol with high leverage and critical collateralization as low as 105%. Its novel liquidation mechanics, Insurance Pool, helps to secure loans in the system, hence strengthening the platform’s resiliency.

Order book DEX - offers spot market trading up to 20x leverage. Users are able to trade in a non-custodial way while enjoying advanced trading features offered by typical CEX.

Q1: Is the Blockchain Code Open-Source (and include Github link)?:
If parts of the code are not open source: please provide information on why not

Q2: Is Sudo-enabled on the Network? If Sudo is disabled, is the Network controlled by a select group of addresses?

  • A2: Sudo is disabled, but the network is controlled by a select group of addresses called Tech Committee / Council in a polkadot governance terminology.

Q3: Is the Network controlled by a select group of addresses (<50 addresses)?

  • A3: Equilibrium network is controlled by standard polkadot governance v1 procedures. Currently there are more than 7000 token holders who may participate in governance decisions.

Q4: Have you completed full testing of this integration in Moonbase Alpha?

  • A4: Yes

Q5: (For Moonbeam XCM/HRMP Proposals Only) Does your network have a Kusama deployment? If yes, please provide Network name and whether your Kusama deployment is integrated with Moonriver

  • A5: Genshiro (Equilibrium’s Kusama canary network) is NOT integrated with Moonriver

Q6: Is your blockchain code Audited? If yes, please provide: i. the name of Auditors, ii. dates of audit reports and, if available, links to audit reports.

Equilibrium codebase is open-sourced now: GitHub - eq-lab/equilibrium: Equilibrium substrate-based node implementation and runtime

Thanks for sharing the update!

I’ve updated the original post with the new information.