01 正 文
BP投票计划
框架优势
稳定性
Equilibrium框架与美元挂钩的软价格是其稳定性的核心，这确保1EOSDT始终等于1美元。通过跟踪外部价格评估抵押品，使系统不断监控抵押品与总EOSDT供应的比率，确保始终满足最低门槛。
超额
超额抵押已成为行业认可的风险管理方式，在许多情况下，由于金融危机后无担保贷款的经验教训。Equilibrium将维持170％的抵押，确保系统中始终有足够的抵押品来涵盖所有未平仓头寸。该项目具有较高的流动性支持，以便为价格不稳定，不可预测的加密市场提供足够的存款保留，以及高标准的超额抵押水平。
收费低
该项目有两种类型的费用 ——管理费和均衡费。
管理费用管理NUT令牌的供应，从而影响其ROI。每当职位持有人支付一个职位时，他或她必须支付相当数量的EOSDT加上NUT令牌中的应计管理费。技术框架启动时，此费用将设为1％。
每当用户针对稳定币头寸采取市场行动时，均衡费用就会起作用。此费用基于Equilibrium的治理智能合约定义的年度百分比率。在发布时，均衡费用将设定为0％APR。这些费用可通过适用的治理机制进行更改。
实时监控
Equilibrium框架需要有关抵押品市场价格的实时信息，因此系统知道何时触发欠边抵押头寸的保证金要求。我们使用Oraclize（现在是Provable）达到此目的，我们是EOS上第一个建立这种伙伴关系的项目，得以为EOS区块链提供外部数据。
风险缓解
我们专注于市场的最高风险标准，并拥有全面的机制来防止Equilibrium框架的开发，部署和运营面临的潜在风险。我们将致力于降低智能合约错误，恶意攻击，抵押品价格冲击，定价和数据Feed错误以及集中式基础架构故障的风险。
缓解机制包括用于跟踪生态系统一般行为的模拟系统，用于在危险情况下保护用户的智能合约策略，用于确保最低阈值支持的实时供需监控以及定期安全系统审计。但在Equilibrium生态系统中，社区积极参与降低风险。系统稳定性和可扩展性是主要因素，这将为NUT持有者提供更多好处。因此，管理和监控系统符合最佳利益。
经过全面测试的产品
Equilibrium框架不是原型或MVP：它是经过全面测试的即用型产品。核心系统逻辑和所有智能合约已经完全覆盖了单元和集成测试。
我们的计划
我们将在启动时仅支持EOS加密货币。但我们正在积极开发交叉链解决方案，以支持EOSDT稳定币的其他可能的抵押品，并使国库券和监管机构能够轻松地在各种区块链上使用EOSDT。
例如，我们已经做了很多工作来支持交换事务，作为为EOS社区提供包装ETH和ERC-20令牌的工具。我们与该领域的其他项目明显不同的一个主要特点是，我们将提供一个分散的解决方案，用于将ETH转换为EOS包裹的令牌，而其他项目使用类似于我们在BitShares区块链中看到的集中式网关。我们将通过HTLC交易以相同的方法使EOS能够代理BTC。
我们的重点是通过新的金融工具和选项丰富EOSDT持有者。该领域最重要的即将到来的特征是清算抵押品的拍卖机制，为框架内的风险管理开辟了一个全新的领域，以及金融衍生品。 EOSDT稳定性允许稳定币在链上衍生合约领域具有广泛的适用性，例如，一系列传统金融指数的连锁，EOSDT可交割期货或美国股票的差价合约。
我们还在丛林测试网中开发了一个复杂的模拟引擎。我们可以将随机价格提供给多个账户，并生成具有不同抵押水平的随机头寸，以了解系统如何对不同的市场事件，价格冲击和黑天鹅事件做出反应。这让我们可以分析市场动荡期间的系统响应。
我们的路线图中还有更多功能和选项，我们很快就会向用户展示这些功能和选项。
改变游戏规则的区块链基础设施项目是区块链市场变得更加强大的最佳途径之一。通过提供对不同协议，资产和平台的访问，我们支持加密持有者的稳定资产多样化。
这就是为什么这个博客将成为支持智能合约的各种区块链的详细技术描述的地方。我们将为那些构建在EOS和其他区块链上的人提供操作指南，开发人员教程和建议。我们也在为您提供稳定的市场研究和评论。
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02 原 文
BP Voting scheme
Framework advantages
Stability
The Equilibrium framework’s soft price peg to the US dollar is the core of its stability, which ensures 1 unit of EOSDT is always equal to $1 USD. An external price feed values the collateral, and the system constantly monitors the ratio of collateral to the total EOSDT supply, ensuring that it always meets the minimum threshold.
Overcollateralization
Overcollateralization has become an industry-accepted way to manage risk, in many cases due to lessons learned from unsecured lending in the aftermath of the financial crisis. Equilibrium maintains a collateral backing of 170%, ensuring that there is always enough collateral in the system to cover all the outstanding positions. The project has high liquidity support in order to provide the sufficient deposit holds for the highly volatile, unpredictable crypto market, as well as the high overcollateralization level.
Low fees
The project has two types of fees — Admin fee and Equilibrium fee.
The Admin fee governs the supply of NUT tokens, thus affecting its ROI. Whenever a position holder pays down a position, he or she is required to pay the equivalent amount of EOSDT plus the accrued Admin fee in NUT tokens. This fee will be set to 1% when the framework launches.
The Equilibrium fee is applied every time a user takes a market action against a stablecoin position. This fee is based on an annual percentage rate defined by Equilibrium’s governance smart contract. At the launch time, the Equilibrium fee will be set to 0% APR. These fees are subject to change through the applicable governance mechanisms.
Real-time monitoring
The Equilibrium framework requires real-time information about the collateral’s market price, so the system knows when to trigger margin calls for undercollateralized positions. We use Oraclize (now Provable) for this purpose, and we are the first project on the EOS to have this partnership, delivering external data to the EOS blockchain.
Risk mitigation
We focus on the market’s highest risk standards and have a full range of mechanisms to prevent potential risks facing the development, deployment, and operation of the Equilibrium framework. We have worked on mitigating the risk of smart contract bugs, malicious attacks, collateral price shocks, pricing and data feed errors, and failures of centralized infrastructure.
The mitigation mechanisms include a simulation system for tracking the ecosystem’s general behavior, smart contract policies to protect a user in risky situations, real-time supply-demand monitoring to ensure minimum threshold support, and regular security system audits. But in the Equilibrium ecosystem, the community is actively involved in mitigating risks. The system stability and scalability are the main factors, which will provide more upside to NUT holders. It’s in their best interest to govern and monitor the system accordingly.
A fully tested product
The Equilibrium framework is NOT a prototype or a MVP: it’s a fully tested ready-to-use product. The core system logic and all the smart contracts already have the full coverage with unit and integration tests.
Our plans
We will support only the EOS cryptocurrency at launch. But we are actively developing cross-chain solutions to support other possible collateral for EOSDT stablecoins and to make it easy for treasuries and custodies to use EOSDT on a wide variety of blockchains.
For example, we’ve done a lot of work to support swap transactions as a tool for providing a wrapped-ETH and ERC-20 token for EOS community. One major achievement, which significantly differs us from other projects in this field, is that we will provide a decentralized solution for converting ETH to EOS wrapped tokens, while other projects use centralized gateways similar to what we’ve seen in the BitShares blockchain. We will apply the same approach for BTC to EOS proxy via HTLC transactions.
Our focus is on enriching the EOSDT holders with new financial tools and options. The most important upcoming features in this field are the auction mechanism for liquidating collateral, opening up a whole new field for risk management within the framework, and financial derivatives. The EOSDT stability allows a stablecoin broad applicability in the field of on-chain derivative contracts, e.g., on-chain EOSDT deliverable futures on an array of traditional financial indices or CFDs for US stocks.
We are additionally developing a sophisticated simulation engine in a Jungle testnet. We can feed random prices to multiple accounts and generate random positions with different collateralization levels to see how the system reacts to different market events, price shocks, and black swan events. This lets us analyze system response during market turmoil.
More features and options are on the way in our roadmap, and we will present these to our audience soon.
Game-changing blockchain infrastructure projects are one of the best ways for the blockchain market to become more robust. Providing access to different protocols, assets, and platforms, we support the diversification of stable assets for crypto holders.
That’s why this blog will be a place for detailed, technical descriptions of the variety of blockchains supporting smart contracts. We’ll include how-to guides, developer tutorials, and recommendations for those who build on EOS and other blockchains. We are also on our way to delivering you stablecoin market research and reviews.
Welcome onboard and share your thoughts on the project via Telegram, Facebook, Twitter, or Reddit.
03 链 接
原文链接：https://blog.eosdt.com/equilibrium-review-a-stablecoin-that-is-overcollateralized-above-170/
生成EOSDT：https://gateway.eosdt.com/