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Logo of EquationEquation(EQU)
Total Value Locked$18

TVL by Chain

Arbitrum$18

Key Metrics

Fees (Annualized)$887,407.96
Cumulative Fees$1.3m

Arbitrum$1.3m

Revenue (Annualized)$101.24
Cumulative Revenue$114

Arbitrum$114

Cumulative DEX Volume$1.331b
Cumulative DEX Volume by chain

Arbitrum$1.331b

Cumulative Perp Volume$20.896b
Cumulative Perp Volume by chain

Arbitrum$20.896b

Staked$0

$EQU Liquidity$45,728

Uniswap V3$45,728

Protocol Information

Equation is a decentralized perpetual contract built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 100x leverage, enabling traders to establish larger and unrestricted positions while enhancing capital efficiency for LPs. It offers the industry's lowest maintenance margin rate at just 0.25%, thus significantly reducing liquidation risk.

Category:Derivatives

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Fees from open/close position and placed limit order (0.05%), with invitation code (0.045%)View code on GitHubRevenue: Revenue is 50% of all collected feesView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Competitors

GMX V2 Perps ($174.07m)Derive V2 ($114.26m)Apex Omni ($29.5m)Ostium ($17.66m)Aevo Perps ($14.72m)Gains Network ($11m)Antarctic ($9.76m)MUX Perps ($8.47m)Contango V2 ($6.16m)IntentX ($5.67m)

Frequently Asked Questions

What is Equation?

Equation is a decentralized perpetual contract built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 100x leverage, enabling traders to establish larger and unrestricted positions while enhancing capital efficiency for LPs. It offers the industry's lowest maintenance margin rate at just 0.25%, thus significantly reducing liquidation risk.

What is Equation's TVL?

Equation currently has $18 in total value locked. TVL has increased 0% over the past 30 days.

What chains does Equation operate on?

Equation operates on Arbitrum. Arbitrum holds the largest share at 100%.

How does Equation's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Equation ranks #243 by TVL. The category holds $1.892b across 369 protocols, and Equation accounts for <0.1% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.