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We’ve already discussed dynamic EQ in the production stage and not a lot changes when we get to the mix. Perhaps the one thing that does change is you’re thinking and reasoning for using it.
A sound might be great on it’s own but isn’t fitting particularly well with another instrument because of frequency masking (both sounds have overlapping frequencies to a point where clarity is diminished on one or the other). This might be a situation where dynamic EQ can come in handy. It’s especially useful if the problem is only occurring at a particular moment in time (say right on the transient). If the issue is more general a static EQ may do the trick. However, the movement of a dynamic EQ may make this a favorable option because it adds and enhances an overall dynamic (another dimension) that you can’t get with a static EQ. I would guess that sometime in the future most new EQ’s will have a dynamic option to allow for this additional flexibility and precision.