In a tweet, DeFi firm Equilibrium announced a partnership with Republic Crypto, part of the Republic group of companies.
— Equilibrium 🔥 Polka DeFiance 2023 (@EquilibriumDeFi) April 14, 2022
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.