When the concept of decentralized finance (defi) became popular in 2018, it didn’t take long for people to see the massive potential it has.
In fact, it doesn’t take genius to figure out that DeFi could potentially shake the global financial system at it’s core and quite possibly change the world.
The problem is that an idea is just an idea until it is implemented. And even so, it takes a lot to change the traditional idea of how finances work which is deeply rooted in the minds of most people.
So it is no surprise that DeFi took off in a big way in the crytocurrency space. Crypto after all, is instinctively against the idea of centralized control. And everyone involved in the industry whether they are venture capitalists, retail investors, day traders, etc, would most probably embrace defi as a vote for decentralization.
The explosive growth of Uniswap (UNI) is a bold testament to that.
But while we talk up the growth of defi, the elephant in the room that many refuse to talk about is that the overwhelming bulk of defi is conducted within the crypto space. People who have yet to get involved in crypto still have major reservations to defi.
Changing the assets of value from coins and tokens to fiat money is no easy feat to implement, let alone achieve.
Equalizer (EQZ) is a project that is attempting to navigate these choppy waters of decentralized financing. Comparisons of EQZ and AAVE is unavoidable.
Consider that the latter is at over $500 with a fully diluted market capitalization of over $8b. And EQZ is currently priced at less than $2 with a fully diluted market cap of under $300m.
Even a betting man would not bet against EQZ.
EQZ provides flash loans against crypto currency with a focus on using USDC as the denominator.
Again, it must be repeated that this is not a new idea. Most people in the crypto world probably knows that this is the future. It’s all about who is the fastest to market amid all the regulations, with a system that works.
And Equalizer certainly appears to be at the forefront of the development in this market. If there are any doubts, some of it’s backers include well-known VC firms such as MoonWhale, AU21, Genblock, etc.
Where to buy EQZ?
EQZ is still a very young project with a roadmap that still has a lot of milestones to attain. So trading EQZ is mostly available through defi exchanges such as Uniswap, Pancake swap (CAKE) and DODO on Binance Smart Chain (BSC).
It has also recently listed on Kucoin for it’s first centralized exchange.