In the modern era, centralized finance structures currently allow governments and banks to restrict or thwart access to your own assets if they feel it is obligatory to do so. Additionally, online commerce is subjugated by financial institutions who
are deemed to be trusted third parties who process electronic transactions. A quote by Satoshi Nakamoto accurately illustrates the state of today’s finance; “while the system works… it still suffers from the inherent weaknesses of the trust-based model.” Accordingly, centralized finance has been looked at as a safer and more stable option to global finance processes. However, it is emerging that the centralized financial structure is not as stable as people once thought. Numerous newspaper articles are released daily regarding forgery, fraud attacks, and lending processes; which are at most times questionable.
One could imagine a global, open alternative to the financial services you use today, accessible with nothing more than
a smartphone and internet connection, whilst the financial provision you are accessing is not under the jurisdiction of one company or institution. This is one of the main concepts behind the decentralized finance (DeFi) model. Equus Protocol aims to work alongside the core concepts of decentralization and follow a completely decentralized vision, with the future, and decision- making of our protocol being directly controlled by the end- user. Therefore, the EQUUS token will be used to mine the Equus Governance Token which can be directly used by miners and holders to vote on, orchestrate, or propose the decision-making and roadmap plans of Equus Protocol.
It is clear that possibilities for the new wave of decentralized finance instruments are ceaseless, and so are the opportunities and potential outcomes for Equus Protocol. We aim to be at the forefront of the DeFi scene with an entirely decentralized project which can be driven by community decisions through the usage of our Equus Governance Token.
Equus Protocol