How to add a new product on QDAO DeFi
July 8, 2020
Add: Anton Dzyatkovskii
QDAO DeFi v2.1 has been launched recently and is still being regularly updated. Services are currently operating on Noah Wallet, where financial opportunities can be found. The main feature of the platform right now is interest-generating deposits, which are called ‘products’.
Noah Wallet is a part of the Noah Project, which is also developed by Platinum Software Development Company. It is a community of crypto holders who receive passive income for their participation in the project and collective management of the platform.
So to get started on QDAO DeFi, you will need a Noah Wallet account. You can gain access by clicking on the “Get Started Now” button.
Both accounts are easy to set up and don’t require any additional paperwork. Once you have logged in, you will be redirected to the “products” page.
Please note – if you are not redirected automatically or if you decide to log in later, you can find the needed sub-window by opening the menu and selecting “Defi” – or by simply clicking here.
This is where your existing products will be placed and where you can add new ones. To create your first product, follow these steps:
- Click on the “Add new product” button.
You will be redirected to another page, where you can choose the type of deposit you prefer.
- Select either ‘deposit products’ (1) or ‘holding products’ (2).
If you choose the deposit product, then you are setting aside your assets for an unspecified amount of time.
If you choose the holding product, then you can select a specific term for your investment – 30 days, 90 days or 180 days.
- If you have chosen the holding product – please, select the currency.
a) There are currently only two currencies available – Bitcoin and Ethereum (but others will be added soon). Different coins have different interest rates. You can see your future profit via the Interest Calculator on the main page of QDAO DeFi.
b) Once that is done, you will need to choose the term.
Keep in mind that the longer the term, the more interest you will receive. You can also withdraw your deposit at any time you wish but the interest will be nullified in case you wish to make a withdrawal before the holding period.
- Click on the “Create new product” button.
You will then be redirected to the final stage of the process either for ‘deposit products’ or ‘holding products’
- Deposit any amount of currency into your new product.
You can make the deposit by transferring assets to the generated address. You can copy the address or scan the QR-code. Please be aware that interest rates are subject to change – always check them when adding a new product.
- Your transaction will appear after 10-30 minutes.
Once that is done, your product is ready! It will immediately start to generate interest. Now there is nothing left for you to do but to collect your profits. You can also add more funds to the product by clicking on the “DEPOSIT” button or withdraw them by clicking “WITHDRAW”.
7. The list of currencies available for deposits and holding products and the interest rates are subject to change – you can see the current offers in your profile tab.
Additionally, you can turn ON the QDAO DeFi feature on BTCNEXT by connecting your QDAO DeFi account. Find more details here.
More features are coming to QDAO DeFi soon. You can guarantee the security of your assets with the cutting-edge protection of Cold Storage, get instant loans by using crypto as collateral and buy tokenized stocks – preorders are already available.