According to Odaily, on May 13, 2024, Equation introduced its V3 version. The key updates include the permanent waiver of transaction fees, with protocol fund fees as a new source of income and real-time settlement features.
In addition, through the implementation of the EQUIP-8 proposal, Equation innovatively introduced profit rate mining and loss subsidy mechanisms. The 'profit rate mining' refers to Equation allocating EQU mining quotas based on the profit rate of users in the trading competition every week. The top three users can also share an additional bonus pool. The 'loss subsidy mechanism' means that Equation will distribute EQU subsidy quotas by calculating the proportion of losses in contract trading by users, with the highest subsidy reaching up to 100% of the loss amount. The implementation of this proposal aims to provide an extra layer of security for trading users and reduce trading risks.
As of the time of writing, Equation provides perpetual contract trading services for 48 types of tokens, with a total trading volume exceeding 21 billion US dollars.
