Multi-chain DeFi framework, Equilibrium, raised EOSDT circulation cap from $70 million up to $170 million with pBTC integration.
As the decentralized finance, or DeFi, industry continues to grow, the need for liquidity in cryptocurrencies is steadily increasing.
DeFi startup Equilibrium has today expanded the supply of its decentralized EOS stablecoin, EOSDT, as a result of integrating Bitcoin (BTC)-powered liquidity.
Equilibrium, a major multi-chain DeFi framework, has raised the EOSDT circulation cap from $70 million to $170 million, the firm announced on May 1.
EOSDT integration with pBTC drives the liquidity flow
This push became possible through EOSDT’s integration with cross-chain DeFi liquidity network pTokens, which enabled Bitcoin collateralization through pTokens’s BTC-pegged token, pBTC.
Bitcoin is the biggest cryptocurrency by market capitalization.