Meter partners with innovative flash loan provider Equalizer!

July 13, 2021

Welcome Equalizer to the Meterverse!

Meter and Equalizer have created a partnership around Equalizer’s flash loan capabilities. With Equalizer’s mission to be “the first dedicated platform that equalizes the decentralized markets”, Meter fits in seamlessly by porting their flash loan application cross-chain!

The Meter Passport, Meter’s bridging technology, will allow Equalizer to send information across multiple blockchains with ease, allowing for instant coordination.

What is a Flash Loan?

As Equalizer explains, “Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction. Flash Loans enable you to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within one transaction block.

If this does not happen, the whole transaction is reversed, and undo the actions executed until that point. This guarantees the safety of the funds in the vaults. Use-cases include arbitrage, collateral swapping, rebalance, liquidation, and many more.”

The Missing Link:

The Meter Passport makes interconnects Equalizer to other blockchains immediately increasing their reach. As Defi evolves interconnectivity becomes more paramount. Julian Nita, the Equalizer’s project lead, shared his thoughts about perspectives of cooperation with Meter: “Defi market is developing extremely fast. Every time we have to seek new opportunities for advancing Equlizer’s mission. Meter gives the solution for problems of most crypto projects like issues with scaling and interoperability. I believe that multi-integration of our services with multi-chain infrastructure will lead our projects to a new level.”

We are excited about this partnership as it will bring tons of value to our communities and we are looking forward to the continued growth of both projects!!

About Equalizer:

Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities. Equalizer enables profitable trading strategies for arbitrage, liquidations, portfolio rebalancing and collateral swapping.

You can learn more about Equalizer on their Website, Telegram, Twitter & Medium.

About Meter:

Meter.io envisions a borderless financial and information ecosystem empowering people to reimagine the world. We take Ethereum to the next level by enabling scalable and interoperable dapps with the safety and security of full decentralization.

Learn more about us: Website, Twitter, Telegram, LinkedIn, Reddit & Discord.

To use the Meter Passport visit the following link:

Passport.Meter.io/Transfer

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