Equality is an automated market maker designed to allow users to exchange stablecoins or other similarly-priced assets with low-fees and low-slippage.
When trading stablecoins or other similar-priced assets on Equality, traders will only be charged a small <span class="c_blue">0.04%</span> transaction fee and a <span class="c_blue">0.02%</span> admin fee.
In addition, as a result of Equality’s algorithmic design, swaps experience significantly lower levels of slippage compared to traditional automated market makers and exchanges.
Users who provide liquidity to the Equality platform will receive a pro-rata portion of all transaction fees along with Equality <span class="c_blue">(EQU)</span> tokens, which entitle holders to protocol governance rights.
In addition, due to the price stability of assets traded on Equality, liquidity providers are far less likely to suffer from “impermanent loss.”
In addition to earning trading fees and tokens, liquidity providers will also be able to earn interest on their deposit. The Equality smart contract will utilize lending protocols built on the ICON network in order to lend out tokens and pass along the earned interest to liquidity providers.