DeFi Firm Equilibrium Announces Partnership with Republic

 

In a tweet, DeFi firm Equilibrium announced a partnership with Republic Crypto, part of the Republic group of companies.

Few details have been shared about the partnership with the exception that Equilibrium is now hiring. Equilibrium is built on Polkadot.

Equilibrium is a DeFi startup that is focused on “classical banking,” finance and “digital transformation.”

According to Equilibrium’s roadmap, a money market will be launched later this year as well as a spot market and then a perpetual market. The “cross-chain DeFi super-app” aims to combine a money market and a spot market with margin trading. EQ is its native token.

It is interesting to note that Republic acknowledged the partnership in an odd way. Republic responded to the tweet with a link to the company’s disclaimer.

While details are thin, it makes a lot of sense for Republic/Republic Crypto to offer more digital banking services using a DeFi platform.

 

 

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