Logo of Equation V1Equation V1(EQU)
Total Value Locked$18.94

TVL by Chain

Arbitrum$18.94

Key Metrics

Cumulative Fees$916,611
Cumulative Fees by chain

Arbitrum$916,611

Cumulative Revenue$114
Cumulative Revenue by chain

Arbitrum$114

Cumulative Perp Volume$7.725b
Cumulative Perp Volume by chain

Arbitrum$7.725b

Staked$0

Protocol Information

Equation is a decentralized perpetual contract built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to establish larger and unrestricted positions while enhancing capital efficiency for LPs.

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Category:Derivatives

Audits:

Methodology

TVL: Count the tokens in different pools in the equation.View code on GitHubFees: Fees from open/close position and placed limit order (0.05%), with invitation code (0.045%)View code on GitHubRevenue: Revenue is 50% of all collected feesView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

GMX V2 Perps ($205.1m)Derive V2 ($156.09m)AZverse Perps ($51.84m)Apex Omni ($31.01m)Aevo Perps ($15.57m)Ostium ($14.64m)Gains Network ($10.53m)MUX Perps ($9.36m)Antarctic ($9.33m)Contango V2 ($6.16m)

Frequently Asked Questions

What is Equation V1's TVL?

Equation V1 currently has $18.94 in total value locked. TVL has increased 5.2% over the past 30 days.

What chains does Equation V1 operate on?

Equation V1 operates on Arbitrum. Arbitrum holds the largest share at 100%.

How does Equation V1's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Equation V1 ranks #259 by TVL. The category holds $2.056b across 424 protocols, and Equation V1 accounts for <0.1% of that total. Other leading protocols include GMX V2 Perps, Derive V2, AZverse Perps, Apex Omni, Aevo Perps, Ostium, Gains Network, MUX Perps, Antarctic, and Contango V2.