Steady State collaborates with EQIFI, the first DeFi platform partnered with a global bank

Steady State
3 min readOct 5, 2021

We’re thrilled to announce our new collaboration with EQIFI, a leading DeFi solutions platform. Steady State can now count on EQIFI as a trusted ally as we look forward to expanding into new markets together by securing what matters most: the future of finance.

In recent weeks we’ve already announced two collaborations with Flourishing Capital and AuBit. This is the third! We’re proud to be a part of this fantastic collaboration with EQIFI and look forward to the future with great anticipation.

EQIFI is building a global DeFi gateway

Powered by EQIBank, one of the world’s first and largest digital banks, EQIFI is fully licensed and regulated and has created a comprehensive suite of financial instruments designed to simplify the complex world of DeFi. EQIFI offers real-time optimization for digital interactions, embracing instant access as it strives towards simplifying everyday financial transactions through technology advancements in banking and lending practices.

Digital assets owners today have limited options for secure custody and banking level access of their assets. EQIFI’s high-level platform provides easy access to financial products and services without the hassle or cost of traditional methods, innovatively offering sophisticated financial solutions with simple accessibility.

By implementing their native token, $EQX, EQIFI wants to transform DeFi by providing real-world adoption and registered banking partnerships. Through recreating traditional finance services, EQIFI paves the road for innovation with security in mind.

Our collaboration with EQIFI makes perfect sense

Steady State’s collaboration with EQIFI is a continuation of our mission to challenge systemic risks in DeFi. This collaboration allows us to combine our strengths and resources to do more for each community, and together we’ll work on new opportunities and provide an additional platform to meet the needs of everyone involved.

EQIFI users will have access to Steady State’s coverage pools to insure against DeFi risks, and Steady State will enjoy EQIFI’s regulated partnerships with licensed banks to develop our progress for institutional adoption. Powered by EQIBank, one of the world’s first and leading digital banks, EQIFI is a regulated and licensed platform that aligns with Steady State’s ambitions to bring DeFi to institutional finance and mainstream financial markets.

EQIFI’s guiding principles, based on integrity and transparency, combined with Steady State’s mission to provide democratized DeFi insurance for all make this a collaboration that aims to create an ecosystem that empowers developers, users and communities.

“EQIFI is integrating everyday users into the DeFi ecosystem. This is the necessary next step to bringing DeFi mainstream,” says Jon Libby, founder and CEO of Steady State. “Insuring and protecting the EQIFI community is pivotal for integration into retail markets and legitimizing crypto and DeFi to the wider world. Crypto is the future and we’re proud to collaborate alongside EQIFI to ensure their community is offered the best protection possible for DeFi exposure.”

Brad Yasar, CEO of EQIFI, said this collaboration is an excellent way to keep working together and take on new opportunities: “One of the main concerns of our traditional banking and finance clients is the safety of DeFi products and cryptocurrencies. We plan to address this concern by offering insurance to our users with our partnership with Steady State. We want to reassure them that their funds are as safe as possible, both on the traditional side as well as the DeFi side of our platform.”

About Steady State

Steady State is one of the first DeFi insurance platforms to utilize Chainlink’s Keepers solution to automate insurance claims. We provide protocols and platforms with practical insurance options to safeguard their financial future. Using automated processes, smart contracts, and risk analysis tools, our platform overcomes inconsistent risk analysis common in the existing DeFi insurance paradigm, delivering comprehensive risk quantification with efficient capital allocation.

We’re on the path of securing a future for DeFi by providing practical coverage for digital assets locked in the DeFi economy. To learn more about Steady State and the impact of our pragmatic approach to Defi insurance, visit us at the links below:

Website | Telegram | Twitter | LinkedIn | Reddit | Facebook | YouTube

Steady State cautions that statements in this communication that are forward-looking, and provide information other than historical information, involve risks, contingencies and uncertainties that may impact actual results of operations and prospective transactions.



Steady State

Steady State is a comprehensive DeFi insurance solution that protects users, secures platforms, and reshapes how we think about risk and reward.