Equilibrium EOSDT Proxy is made up of all the collateralized EOS that backs the EOSDT stablecoins. You can check the exact amount of EOS in collateral at eosdt.com. The block producer voting process is on-chain, and only NUT token holders are eligible to participate. The Equilibrium EOSDT Proxy stakes all of the framework’s EOS collateral every ten days for the ten block producers receiving the most NUT votes from the community. Vote at https://voting.eosdt.com for up to five of your favorite BPs, and don’t forget that NUT tokens used in on-chain voting are immediately locked up for ten days after staking in order to avoid vote manipulation.
Equilibrium provides the framework for generating EOSDT, an EOS-backed stablecoin.