QDAO DeFi Weekly Update #30
April 28, 2021
Add: Veronica Zubrii
Our beloved QDAO DeFi community is pushing the project towards success. We too are doing our best to provide the best conditions so that your assets can grow safely and steadily. The last week was full of interesting updates – check them out!
Cryptocurrencies and DeFi coin market analysis
Bitcoin has finally begun its correction. During the last two weeks, the price renewed its all-time high at $65,000 but then afterwards began to move steadily down. The lowest point was at $47,000. We can easily expect Bitcoin to go even deeper, to $40,000. Some altcoins use the king’s weakness to grow in price as BTC’s dominance dropped to 48%.
The DeFi market is performing much better than traditional altcoins. The total value locked in protocols across all chains is nearing $100 billion. Many DeFi tokens have managed to hit ATHs, while the rest of the market is moving down. Here are the changes in price for some of the popular DeFi coins:
- ChainLink: -12.2%
- Aave: +1.2%
- Uniswap: +11.4%
- Compound: +26.7%
The market still needs to cool off a bit if we want to see the big bull run. We could easily witness Bitcoin being worth less than $40,000 in the coming weeks.
There is a lot of news from the DeFi space. Here are the most important events of the week:
- Uniswap v3 contracts deployed. Uniswap is a step closer to launching its “v3” iteration, announcing the successful deployment of v3’s smart contracts to all Ethereum test networks.
- NYSE president supports Coinbase listing and DeFi. Thomas Farley said the world of finance was “past the point of no return” for crypto, following Coinbase’s public listing last week. He also considers DeFi to be a technology with huge potential.
- DEX volumes are growing. Decentralized exchange volumes are on the rise as the pullback in Bitcoin’s price motivates some traders to book profits and rotate into altcoins. This is another bullish signal for DeFi.
QDAO DeFi updates
We are doing everything possible to make QDAO DeFi a successful project within the international community. Here are the results of our work.
The QDAO airdrop
QDAO token will soon be air-dropped to participants. Finally, we have finished the calculations and are preparing to drop coins to everyone. Get ready to receive your sweet reward soon!
The Golden Week’s rewards
The golden week is coming. That’s why we’re preparing a juicy chance to get some QDAO tokens for absolutely free. Keep an eye on our updates to ensure your cut!
QDAO DeFi’s new interface
The brand new interface for QDAO DeFi is almost here! We’re making the final adjustments and are almost ready to present it to our beloved users. The release will soon be announced.
We’ve added new video guides to our YouTube channel to help you expand your crypto knowledge:
- BTC hashrate drops 49% – China to blame; Pelé releases NFT; DOGE hits the Moon: https://youtu.be/BbK0QBi-etw
- Best Resource for Learning Everything You Need About Beefy Finance: https://youtu.be/ZFDQgWZ0H5I
- Get to Know the Platinum QDAO Engineering Team and Their Projects: https://youtu.be/OlnEBwq3sTk
- How to Outpace Any Human Trading Strategy with Bot Ocean: https://youtu.be/2tCMkdlw0VU
- How to Increase Your Borrow Limit within Venus: https://youtu.be/ulNfcVl5APs
- The Week in Review: BTC and Ether: $400,000 and $25,000; Coinbase IPO; DOGE soars by 80% in one day: https://youtu.be/lqp2REhuYwo
- How Matic Has Changed Since Rebranding to Polygon: https://youtu.be/o7m7Leh4JmM
- A Step-by-Step Guide to Symmetrical and Asymmetrical Pooling on Spartan Protocol: https://youtu.be/jnH0jfVU94A
- Review of Spartan Protocol, a Protocol for Incentivized Liquidity and Synthetic Assets on BSC: https://youtu.be/Nnv9m-ttbJ0
The latest stats from QDAO DeFi PULSE
Number of users: 11550
Total amount of users’ funds:
Current users’ interest balance:
Number of withdrawals made: 12059
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.