🤔Equinox FAQs

Won’t the emissions to lockdrop and Equinox impact the ECLIP token?

Eclipse Fi initial token distribution allocated roughly 40% of supply towards community incentives and ecosystem growth pools with the goal of further decentralising the protocol through distribution and driving the growth of the ecosystem.

So far, these pools have been mostly untapped with emissions remaining fairly low. The goal is to distribute supply to community in a way that leads to growth, and Equinox achieves this. These emissions are used to secure large amounts of ASTRO voting power which leads to increases in fees to the protocol, as well as adding a whole new layer of utility to the token.

There are a few measures in place to offset these emissions:

• Emissions are set as a max emissions with the ratio being controlled by a formula based on TVL.

• ECLIP token staking absorbs the voting power utility enabling users to acquire more efficient voting power and bribes.

• New utilities such as Cosmic Splitter being built on top of Equinox voting power and the ECLIP token, strengthening it’s utility in the ecosystem.

• Equinox fees to DAO leading to buybacks of ECLIP.

How does Equinox ensure the stability of the eclipASTRO peg and swap rate?

The peg for eclipASTRO to ASTRO is fairly key as it is the main mechanism for swapping out of eclipASTRO (an instant-redeem stability pool will also be introduced in the future). To ensure stability of redemption of the peg, Equinox has heavily focused on:

• Modelling of emissions to ensure a safe ratio of LP to single sided vaults. Using an LSD optimised PCL pool which holds increased efficiency over a stableswap. Time-lock boosted emissions from 1-6 months spread out an redemptions over time.

• Instant swap pool being built which will allow for instant swap to ASTRO with a 5% fee, pool will be topped up through Equinox fees.

• Submission of a proposal to Neutron DAO to further bolster LP vault using a portion of xASTRO reserves.

What will the future benefits and utilities of the ECLIP token be?

ECLIP is the foundational utility and governance token of the Eclipse Fi ecosystem, it will serve for protocol governance and future decentralisation of the protocol.

From a utility perspective; staking ECLIP will control the ASTRO voting power accumulated by the Equinox platform, serve for DAO fee sharing, determine allocations and access to whitelists in token launches, enable higher leverage on vaults, multipliers for launchpools and more.

Combined with reputation scoring, It will also serve to determine access upcoming airdrops for ecosystem projects looking to distribute to loyal network participants and holders.

What are the benefits of participating in the lockdrop or Equinox?

Participating in the lockdrop event will offer a limited-time opportunity to earn boosted upfront rewards over regular participation in Equinox post-lockdrop.

Equinox vaults enables users to receive boosted rewards on their ASTRO in comparison to regular xASTRO staking. Since they will also receive ECLIP/bECLIP rewards these can be staked to influence voting power and receive bribe rewards.

General users looking to amplify their bribes can stake ECLIP tokens to get great amplified access to bribes and voting over regular vxASTRO.

What are potential risks with Equinox?

• Depegging risk Due to the nature of the protocol design, like other Convex-style protocols, there are potential risk of depegging in the LP pool for eclipASTRO. To prevent this measures are taken to buffer a healthy ratio of deposits to LP, Stableswap optimised PCL pools for strong efficiency and measures to bolster the liquidity, ensuring a strong peg. Ongoing boosts and emission ensure attractiveness of keep assets staked in the vaults.

• Low ASTRO deposits There is always the potential case that the lockdrop fails to attract sufficient ASTRO deposits to make the model viable. If the voting power concentration is too low, it may not properly kick off the flywheel. For this reason, Eclipse has a healthy concentration of it’s own ASTRO holdings and has engaged many efforts for business development with large ASTRO holders who are also early investors in Eclipse Fi. The lockdrop offers the potential to adjust their deposits through withdrawals throughout the period.

• Smart contract risks In the world of smart contracts, risks of exploitations are always present. To mitigate against this, Equinox has undergoing testing, and audits and the code base will be open sourced prior to launch. Equinox will look to do more future audits and potential for bug bounties as the protocol grows.

• Astroport or Neutron chain failure Equinox is experimental and is built on top of other protocols, it’s success is also tied to the underlying protocols and chain, this is always a potential risk like many applications. There are focuses on the Eclipse Fi side to support the growth and development of both Astroport and the Neutron ecosystem to help maximise the chances of success, Equinox itself serves to strengthen Astroport and the ecosystem.

What has Equinox got to do with a launchpad? Does it split focus and is complex for retail users?

Equinox complements the Eclipse Fi launchpad perfectly, as it focuses on adding value to launching projects post their token launch. This creates a moat and makes it more attractive for projects to launch through Eclipse Launchpad while deepening liquidity of pools post launch.

From a complexity side, although it is a concern, Eclipse Fi will focus on segregating the complexities of the protocol at a UX level to limit overwhelm for less sophisticated users, while allowing advanced users access to products like Equinox.

What are the best ways to get voting power and bribe rewards through ECLIP?

Staking ECLIP will offer the ability to access Equinox-accumulated voting power. This is done by time-lock staking ECLIP for up to 12 months or accumulating bECLIP. This will enable you to allocate your voting power towards certain pools in return for bribes or to deposit your voting power inside the delegations vault.

Furthermore, the launch of the Cosmic Splitter product will allow users to access the voting power utility component of the ECLIP token in a more liquid way without the need for long lockups. Existing stakers will be able to be more flexible as well, access liquidity and weight towards which utility they want the most.

What are the differences between depositing ASTRO in the single-sided vault or the LP vault?

The vaults have different propositions:

• The single-sided vault offers boosted ASTRO rewards in the form of eclipASTRO as well as ECLIP/bECLIP incentives but the whole position is converted into eclipASTRO.

• With the LP vault, only half the position is converted into eclipASTRO and the other half remains as xASTRO. This vaults receives ASTRO incentives, as well as ECLIP/bECLIP incentives.