undefinedEquilibrium (EQ) - a cross-chain DeFi lending protocol - is due to bring its USD-pegged stablecoin to Moonbeam, which is a Polkadot (DOT) project building an Ethereum-like blockchain.

DeFi projects which are built on Moonbeam will be able to use Equilibrium's stablecoin, seemingly native to the blockchain. Decentralized exchanges, single-purpose lending protocols and other DeFi building blocks are included in it. 

Regarded as the "Ethereum on Polkadot" project, Moonbeam utilizes the same smart contract environment seen in Ethereum, featuring an Ethereum Virtual Machine (EVM) and using the same convention for accounts and wallets. Moonbeam, therefore, supports Solidity smart contracts and enables developers along with users to port their projects and wallets with minimal changes. 

Meanwhile, Moonbeam - a parachain, Polkadot's equivalent of a shard - enables other parachains to connect to Moonbeam with minimal effort due to cross-chain parachain communication enabled by Polkadot's relay chain, naturally its equivalent of the Ethereum 2.0 beacon chain. 

Equilibrium will use this connection to bring its token to the Ethereum-based environment. It is expected for Ethereum-based DeFi protocols to bring their projects to Moonbeam, thereby connecting to the wider DeFi ecosystem in a direct manner. There is one such potential integration - SushiSwap that is exploring the possibility of creating a sister protocol on Moonbeam. Alex Melikhov - CEO of Equilibrium - commented:

"We feel that there is significant value in showcasing collaboration between specialized parachains where the sum can be greater than the parts for both parties."

As a cross-chain money market protocol, Equilibrium enables deposits of collateral to create a decentralized stablecoin, which is similar to MakerDAO. Equilibrium moved the core of its protocols from EOS to Polkadot in this summer. Besides making use of Polkadot's interoperability features, Equilibrium takes a priority over its mechanism of liquidation bailsmen. Different from other similar protocols, a permanent class of liquidity providers who receive a portion of the platform's revenue manage the liquidations. This offers a baseline of rewards with no relations to the amount of debt liquidated, being simply an additional source of income. 

As planned, it's anticipated that the launch will occur in early 2021 prior to Polkadot's anticipated parachain auctions.