Equilibrium is a multi-chain decentralized framework for building DeFi applications. The framework best known for its USD-pegged EOSDT stablecoin which is backed by EOS and BTC collateral. As of May 1, 2020, EOSDT supply cap exceeded $170 million.
In December 2019 Equilibrium introduced a 6.5 million EOS Stability Fund: the smart contracts behind the insurance mechanism guarantee that EOSDT users will receive automatic payouts if the token goes below the collateralized floor.
Equilibrium was founded in 2018 by Alex Melikhov (CEO) as an intuitive multi-chain environment for creating advanced DeFi products.