## What Is EQ.finance (Q)?

EQ.finance is an LST hub of Polkadot that allows its users to use a variety of liquid DOT wrappers for minting EQD stablecoins. EQ.finance is a pivotal product of Equilibrium, formerly known as an all-in-one DeFi hub of Polkadot (in development since 2020), with its first parachain slot in 2022. 

EQD stablecoin (https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) is a decentralized USDT-pegged price-stable unit of value backed by liquid collateral of crypto assets at any time.

## How Many Q Tokens Are There in Circulation?

The total supply is 120 million Q tokens, fully compatible across every smart-contract-enabled blockchain bridged with Polkadot. Q tokens were introduced to substitute EQ tokens of Equilibrium to enhance tokenomics of the project, and further details can be found here https://link.medium.com/unXb6xfCLFb

## Q is the native utility token that is used for:
- Staking 
- Accessing system governance
- User acquisition costs
- Paying system fees
- Insurance liquidity

EQ.finance dev tools include:

Node-js API tools to interact with EQ.finance parachain e.g. query state and submit transactions. https://www.npmjs.com/package/@equilab/api Wallet to aid with parachain debugging and network performance: https://polkadot.js.org/apps/#/explorer

## EQD Stablecoin

EQ.finance native stablecoin, EQD, is an asset-backed stablecoin, with a 1:1 peg to USD. EQD can be minted against a well-diversified portfolio of assets that includes all available liquid DOT wrappers and thereby greatly reduces a borrower’s collateral risks. EQD’s competitive advantage lies in its built-in strong peg mechanism via three layers of protection: Layer 1: Overcollateralization requirement, Layer 2: Insurance Pool to secure debt positions, Layer 3: Stability fund, backed by Equilibrium Treasury, which acts as liquidity backstops. EQD use cases extend beyond Equilibrium through its extensive connections with other networks via Cross-Consensus Message Format (XCM) in the Polkadot ecosystem.

## A unique risk management system

This system monitors the overall system liquidity in real-time across blockchains, starting from individual users’ multi-asset portfolios and aggregating them to follow overall system solvency. It’s constantly assessing system portfolio volatility, conditions of the bailout liquidity pool that is securing loans in the system, and risk profiles of particular user positions.

## Insurance pools are a proactive solution to bad debt

Most DeFi projects liquidate a debt by way of auctions, but this isn’t as active and reliable a solution as it should be. EQ.finance is solving this inefficiency by using third-party agents called insurers who provide liquidity in advance (called “Insurance Pool”) and earn fees by securing loans in the system. In case of liquidations there are no forced auctions needed as debt obligations are simply transferred from defaulted borrowers to insurers instantly. Insurers can cover them whenever they prefer.

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