Decentralized finance (DeFi) flash loan platform Equalizer has updated the community with its latest roadmap progress which includes Chainlink integration.
In its weekly report the decentralized finance (DeFi) protocol stated that the development team is working to integrate the price feed oracles of Chainlink. The testnet integration is being prepared and it will be deployed during the coming weeks, it added.
Additionally, it reported that the Equalizer Bridge has been running smoothly for a week and the user feedback has been very positive. The cross-chain bridge enables native token transfer between Ethereum and Binance Smart Chain.
Equalizer Finance is a dedicated flash loan marketplace built on top of a scalable blockchain. The protocol enables profitable trading strategies for arbitrage, liquidations, portfolio rebalancing, and collateral swapping.
Flash loans are a key element of decentralized finance. They allow a loan to be taken out and repaid within the same transaction. Unfortunately, they have also become the primary weapon hackers and malicious actors have adopted to target vulnerabilities in smart contracts.
The weekly roundup also stated that it has moved to stage 5 in the roadmap. Stage 5 focuses on fine tunings, security audits, end to end testing, and bug fixes.
It added that the production environment is being configured and is 90% complete, monitoring tools are 90% implemented, and security policies are in place. Additionally, the Equalizer user interface is 90% developed, flash loan smart contracts are 90% complete, the core services APIs are 60% developed, and yield farming smart contracts are 40% developed.
Equalizer has also joined forces with Oasis Network, a privacy-enabled blockchain platform for open finance. Full protocol deployment is scheduled for the 6th and final stage of the development roadmap in July.
There is also an ERC-20 Equalizer token which is used for platform governance. The total fixed supply is 100,000,000 tokens, but it has not been performing well recently.
EQZ Token Dumps 20%
At the time of writing, EQZ had dumped 20% on the day and was trading at $0.894 according to CoinGecko.
The majority of low liquidity DeFi tokens have been smashed today as the total crypto market cap has shrunk by $200 billion over the past 24 hours.
EQZ is a long way down from its $5.25 all-time high on May 11. It is currently approaching its lowest ever price of $0.68 on May 24.
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