QDAO DeFi Weekly Update #27

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March 17, 2021

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Add: Veronica Zubrii

QDAO DeFi is showing great results! The last two weeks were full of exciting updates: we’ve launched the QDAO Airdrop and the new referral program, clarified KYC/AML rules and much more! Check out all the updates!

Cryptocurrencies and DeFi coin market analysis

A synonym for the crypto market today is danger! At first, Bitcoin soared to new heights, having conquered the $61,000 mark, then it fell to $55,000. The market is extremely volatile and could go higher (but not much) or crash down (substantially). Altcoins closely follow the king.

The DeFi market holds up better. TVL hasn’t dropped below $40 billion. The loss in prices of DeFi tokens is insignificant. Here are the changes in price for some of the popular DeFi coins:

  • ChainLink: -5.55%
  • Aave: -6.36%
  • Uniswap: -7.76%
  • Compound: -7.31%

BTC still has the potential to renew its highs but should now expect something bigger than $70,000. The correction must follow right after.

DeFi news 

There is a lot of news from the DeFi space. Here are the most important events of the week:

  • SushiSwap overtook Uniswap in TVL. Sushi has $4.81 billion, Uni has about $4.31 billion. SushiSwap is of course, a fork of Uniswap, but since its launch, it has done much to attract new users, including providing SUSHI rewards for liquidity pools.
  • Keep Network is merging with the NuCypher team. Data encryption and protection protocols have announced plans to integrate around a new network dubbed “Keanu.” In the future, DeFi projects may follow a similar merger pattern.
  • Furucombo to repay victims of an exploit. Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.

QDAO DeFi updates

We are working hard to make QDAO DeFi something great! Last week was productive, here are our biggest updates.

KYC/AML on QDAO DeFi

We received a few questions from users regarding the KYC/AML procedures on QDAO DeFi. Since our project works in the international legal field, we need to comply with all the requirements set by the regulator. The user agreement of QDAO DeFi indicates that we can ask users to complete KYC and AML procedures.

QDAO DeFi’s referral program

Our previous referral program was quite successful so we decided to give you, dear users, one more chance to participate in it. This time, the conditions are different. Find out how to boost your deposit APY by inviting friends to QDAO DeFi.

The XYM airdrop

Did you forget about the XYM airdrop? Finally, the founders revealed the snapshot date – it was 12 March. If you had at least 100 XEM coins in your BTCNEXT wallet, you can claim your reward.

BTC rates in QDAO DeFi

QDAO DeFi has decided to energize its clients with positive vibes! We are increasing the rates for BTC products on Noah Custody Wallet by 0.5%! The promotional period started on Monday, 8 March and will last until 1 May 2021.

The QDAO Airdrop

We encourage our users to make profits with DeFi and reap maximum yields out of their investments using advanced analytical and financial tools. This time, we go further and offer you both tools and money. Q Ecosystem users can claim QDAO coins in the launched airdrop!

New tutorials

We’ve added new video guides to our YouTube channel to help you expand your crypto knowledge:

The latest stats from QDAO DeFi PULSE:

Number of users: 11047

Total amount of users’ funds: 

3273696.11689 XRP

1129.757612 ETH

179.319213901 BTC

18270090.09984 ADA

…and more.

Current users’ interest balance: 

73112.646136 XRP

28.65574789193 ETH

3.5667885051 BTC

218410.3852 ADA

…and more.

Number of withdrawals made: 11255

Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram, LINE and LINE 2 for the Japanese-speaking community.

QDEFIRATING.com is developed by Platinum Software Development Company – one of the most trusted and experienced engineering blockchain teams in APAC for DeFi developments.

If you want to create any DeFi dApp on any blockchain technology, such as Polkadot, Ethereum, Ton or Binance Smart Chain, we would be happy to give you a FREE 1-hour consultation and to share our experience with you.