Odaily News According to official news, on May 13, 2024, Equation launched version V3. The focus of this update includes permanent exemption of transaction fees, using protocol funding fees as a new source of income and real-time settlement. At the same time, through the implementation of the EQUIP-8 proposal, Equation innovatively introduced profitability mining and loss subsidy mechanisms: "Profitability mining" means that Equation will allocate EQU mining quotas based on the user's weekly profitability in the trading competition, and the top three users can also share an additional bonus pool; "Loss subsidy mechanism" means that Equation will allocate EQU subsidy quotas by calculating the proportion of users' losses in contract transactions, and the maximum subsidy can reach 100% of the loss amount. The implementation of this proposal is intended to provide an additional layer of security for trading users and reduce trading risks. As of the time of posting, Equation provides perpetual contract trading services for 48 tokens, with a total trading volume of more than US$21 billion.