The evolution of DeFi and its unique token distribution mechanics
Those tokens really hit the nail on the head by allowing truly exponential returns on invested capital, while, at the same time, radically democratizing protocol governance and promoting true decentralization. Related: Compound’s COMP token takes DeFi by storm, now has to hold top spot Then there is Balancer (BAL) where, even though BAL tokens have not yet been minted and distributed, and after some volatility due to price discovery early on, the BAL token increased from around $8 in mid-July to over $34 by the end of August.
Equilibrium has an innovative value proposition, aiming to be the first true cross-platform DeFi solution (deployed on the Polkadot substrate), and thereby accessing much larger liquidity than any other DeFi solution out there. The protocol follows industry best practices by offering its own governance token for liquidity farming and a full set of DeFi functionalities like stablecoins, derivative products, lending and liquidity pools.
