Equation is a decentralized finance (DeFi) Automated Market Maker (AMM) platform tailored for perpetual contracts. Balance Rate Market Maker (BRMM), is designed to effectively support price discovery for perpetual contracts, addressing the limitations of current AMM models in this area. It offers liquidity providers the opportunity to participate in market-making and earn trading fee income, while managing the risks associated with temporary imbalances in the liquidity pool.

The EQU token is the native token of Equation. These tokens are entirely generated through various mining methods, such as position mining, liquidity mining, and referral mining, rewarding community participants. EQU holders can earn a portion of the protocol's trading fees by staking their tokens. The token distribution covers various activities within the ecosystem, like holding contract positions, providing liquidity, and participating in the Risk Buffer Funds. Additionally, EQU grants governance rights and a share in trading fees for stakers