Interesting idea if the team can pull this up, connecting all these top blockchains in the space is huge, but I still feel the team is just trying to ride the DEFI hype, I don't know why all these new ideas are popping up unless some of them feel there is free money in the space now and it is likely to raise fund. Again what is NUT token?
Their NUT is a utility token for EOS products. You can stake it, participate in the voting and receive some compensation in the form of liquidation penalties.
Now the project moves to Polkadot substrate, so they swap potion of NUT to the EQ, which, as they said, will be interoperable through all Polka-chains.