According to ChainCatcher, Equation has launched its V3 version. The highlights of this update include permanent exemption of transaction fees, using protocol funding fees as a new source of income and real-time settlement. By implementing the EQUIP-8 proposal, Equation innovatively introduced profitability mining and loss subsidy mechanisms. 'Profitability mining' means that Equation will allocate EQU mining quotas based on the user's weekly profitability in the trading competition, and the top three users can also share an additional bonus pool; 'Loss subsidy mechanism' means that Equation will allocate EQU subsidy quotas by calculating the proportion of users' losses in contract transactions, and the maximum subsidy can reach 100% of the loss amount. The implementation of this proposal aims to provide an additional layer of security for trading users, reduce trading risks, and increase users' trading confidence.
As of the time of writing, Equation provides perpetual contract trading services for 48 tokens, with a total trading volume exceeding US$21 billion.
