Dear Equation community members and all those who follow us, with the month of February 2024, we are pleased to share with you the results and progress of Equation DAO’s work over the past month. This month, we have worked to advance Equation’s technology development, community building, partnership expansion, and deepening of our marketing strategy. In this monthly report, you will see our efforts and achievements in all aspects.

Technical updates

This month, EquationDAO launched the v1 RBF withdrawal plan based on the v2 update and has been successfully implemented.

• RBF Withdrawal Plan

Validate time: 2024/2/1

Proposal content:

After the current 0 fee promotion ends, we will set the trading fees for the v1 ETH/USDT trading pair to be entirely allocated to its RBF.
A portion of the profits from other trading pair RBFs will be taken out and used to continuously trade in the ETH/USDT until the Net Performance of the RBF turns positive.

• Attack Intercept

This month, Eqaution front-end suffered a malicious traffic attack from hackers. In response to this attack, Eqaution DAO quickly took measures and successfully solved the problem by optimizing some service codes and using Cloudflare for interception and protection. Front-end services returned to normal operations within 24 hours of the attack. Throughout the entire attack process, no user suffered financial or security losses due to this attack. Eqaution DAO will continue to strengthen security protection measures to ensure user data security.

Product Data

Token:

• EQU latest price: $10.77
• EQU daily output: 10,000
• Total EQU Mint amount: 1,252,908.21
• Total EQ claims: 1,211,941.77
• Total locked amount of EQU: 796,903.27
• Total EQU circulation: 245,635
• Total amount of EQU destroyed: 236,249
• Number of EQU currency holding addresses: 962

DApp:

• EquationV2 list visualization optimization
• Equation mobile version supports copy invitation link
• Stats data optimization

Data growth:

• The total trading volume of the Equation contract has reached $12.81 b
• The total fee income of the Equation protocol has reached $916.25K
• Equation Open Interest 11.74M

Marketing

• Equation and MetaTdex enter into a partnership
• Equation logs into PulsarFinance
• Equation partners with 10 influencers

Marketing Activities

• EquationDAO V2 Trading Fees Discount Campaign

Event date: Feb 1, 2024 — Mar 1, 2024

Event platform: EquationDAO

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As we conclude this monthly report, we want to express our heartfelt gratitude to the entire Equation community and all our followers for your unwavering support and trust.
Looking ahead, the Equation team remains committed to driving innovation in the DeFi space. We will continue to monitor market trends, enhance product experiences, and strive to provide users with safer, more efficient, and convenient decentralized trading services.
Thank you for being part of our journey. Together, we look forward to an exciting future in DeFi.

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Join our community to stay in the loop.

EquationDAO
For collaboration: market@equation.org
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