Equation, an on-chain perpetual contract protocol, has launched a position-mining program.

According to official sources from BlockBeats on November 6th, the on-chain perpetual contract protocol Equation will officially launch its position mining feature at 6:00 PM (UTC+8) on the same day. Users holding contract positions on Equation will receive Equation's ecosystem token EQU as a reward for position mining. The specific reward amount will be positively influenced by the position size and holding time. Currently, 10,000 EQU tokens are released daily, with 50% allocated to position mining and the rest proportionally diluted among other mining categories. Equation is a decentralized perpetual contract protocol based on Arbitrum and has undergone security auditing by the third-party auditor ABDK. With its BRMM model, Equation can provide traders and liquidity providers with multiple trading options simultaneously. As of now, the trading volume of Equation's perpetual contracts has exceeded $50 million, and the total amount of leveraged liquidity within the protocol has surpassed 400 million USDT.