QDAO DeFi Weekly Update #29

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April 15, 2021

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Add: Anton Dzyatkovskii

Two weeks have passed and we are back with more awesome updates! The QDAO ecosystem is getting even better. We have finished the QDAO airdrop, improved Q DeFi Rating and are developing the new roadmap. Find out more below!

Cryptocurrencies and DeFi coin market analysis

Bitcoin, once again, has crossed the $60,000 mark. The crypto market is still looking promising, with the altcoins season gaining momentum. BTC dominance has dropped to 52%, there are no big sales or liquidations and the top coins have already begun to boom! Bitcoin can still go higher, which would help the whole market.

Meanwhile, the DeFi market is doing well. The total value locked in DeFi has crossed a significant milestone of $90 billion. Who could imagine this a year ago? Most DeFi tokens are doing pretty well. Here are the changes in price for some of the popular DeFi coins:

  • ChainLink: +5.5%
  • Aave: +2.8%
  • Uniswap: +18.7%
  • Compound: -18.8%

The sky looks clear for now. We can expect Bitcoin to reach another high, boosting the potential of alts to the max!

DeFi news 

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

  • Ethereum and the new ATH. Ethereum, crypto’s second largest asset by market cap, has broken its previous all-time price high near $2,041. ETH hit a record price high of approximately $2,186. The coin now seems totally overheated.
  • A rough start for ForceDAO. The DeFi platform was the victim of an attack shortly after its launch, with 183 ETH (approximately $367,000) compromised. After an initial sell-off, Force tokens are in recovery mode.
  • DeFi protocols are growing big! Lucrative staking pools and reduced transaction fees are luring DeFi investors to 1inch, Celsius and PancakeSwap. Project token prices soared by 30%. This indicates that the current alt season will be lightly connected with DeFi.

QDAO DeFi updates

The QDAO ecosystem is growing every day – we are doing everything possible to support this stability. Here are the most valuable updates from the last week.

The QDAO airdrop

We finally finished the QDAO airdrop on 12 April. Starting on 25 March, we had over 10,000 people participating in our campaign. The QDAO team and community thank everyone who took part – we look forward to exploring and advancing the DeFi industry with you. The rewards to be distributed soon.

Q DeFi Rating improvements

We have improved the My Account section of the rating. Now, all the data there is displayed correctly. Enjoy the best DeFi aggregator to the max!

The new roadmap

We are developing a new roadmap for the QDAO ecosystem. GitBook is to be launched soon too. Keep an eye on our updates!

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: 11399

Total amount of users’ funds: 

3393629.6469 XRP

1168.643182 ETH

180.265921151 BTC

18948039.879 ADA

…and more.

Current users’ interest balance: 

75452.9946204 XRP

31.48090200925 ETH

3.8653707488 BTC

250512.772355 ADA

…and more.

Number of withdrawals made: 11813

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, Tron or Binance Smart Chain, we would be happy to give you a FREE 1-hour consultation and to share our experience with you.