EOS-based DeFi Equilibrium project plans to develop a new interoperability protocol by Polkadot

EOS-based decentralized finance project Equilibrium has announced plans to develop a new joint venture on the Polkadot (DOT) blockchain, Cointelegraph reports. This project is designed to create a free parachaine connected to Polkadot using a free electronic signal called EQ. It serves as a symbol for the payment of exchange rates and as a symbol of regulatory compliance. In addition to lending systems that support new interconnected income, multiple lending and borrowing of all assets as well as platforms such as Compound and Aave are possible.