QDAO DeFi is back with awesome updates! Our team is tirelessly working to improve services and bring them to another qualitative level! In the last two weeks, we have launched the QDAO coin buy-off, improved the design, and reached 10 000 users! Check out all the updates right now!
Cryptocurrencies and DeFi coin market analysis
The crypto market is still above $1 trillion. Who could have imagined this 1 year ago? Bitcoin demonstrates something previously unimaginable, reaching an astonishing $42,000, then dropping $12,000 in 24 hours. Now, BTC has settled around the $36,000 mark and has no intentions of moving elsewhere.
The DeFi market has defined the vector of movement. The total value locked in DeFi is breaking records day after day (now at $24.8 billion). Most DeFi tokens are moving up nowadays. Here are the changes in price for some of the popular DeFi coins:
- ChainLink: +52.75%
- Aave: +70.91%
- yearn.finance: +28.01%
- Compound: +35.67%
The market is unpredictable. Bitcoin can go both up and down, taking his fellow altcoins for a ride. Downtrend movement seems more preferable these days.
DeFi news
There is a lot of news about DeFi. Here are the most important events of the week:
- Layer-2 solution popularization. High fees and blockchain overload is causing developers to look at Ethereum’s second layer solutions. Synthetix and Leverj noticed a surge in popularity in Layer-2 adoption.
- SushiSwap to stay for a while? Sushi had some ups and downs during the turbulent 2020 but now its developers have presented an ambitious roadmap for 2021. They are planning some really big things, like a cross-chain DEX that will be enabled by Rune and Moonbeam and much more. If the development process goes at the indicated pace, Sushi might win back the DEX crown.
- DeFi comes to the Bitcoin network. Stacks, formerly Blockstack — an open-source network for building decentralized applications — has an ambitious vision to bring smart contracts and decentralized finance to the Bitcoin (BTC) network. Recently, they launched Stacks 2.0 - a Layer-1 blockchain with a native bridge to Bitcoin.
QDAO DeFi updates
The QDAO DeFi team has done some impressive work during the last two weeks and we’re proud to present the results!
QDAO coin buy-off
QDAO fell in price during 2020 but we will support our holders. For this purpose, you can contact John Forbes via Telegram (https://t.me/John_Forbes) and exchange your QDAO coins for $1 each. The campaign started on 14th January and will be active only one month, so if you are looking for a chance to sell your QDAO savings, this is it! Read this article for more info.
Pleasant QDAO DeFi update
Now it's possible to withdraw small portions of deposit products. Previously, if the product closed and the amount of interest there was less than the minimum withdrawal amount, this amount could not be withdrawn. We’ve now made it possible to transfer this amount into the new product. You can move it through the Withdraw window by adding the address of your other product in the same currency.
Attractive Bitcoin rates
QDAO DeFi offers one of the highest BTC rates in the DeFi market. You can easily earn up to 17.03% annually by storing Bitcoin in QDAO DeFi. This offer sounds especially attractive since we’ve increased BTC interest rates for the next 6 months. Bitcoin still has the power to move to a new all-time-high, maybe even above the $50,000 mark. QDAO DeFi also provides substantially higher rates for the most popular cryptocurrencies. Keep your crypto assets in QDAO DeFi and multiply wisely.
QDAO DeFi design
We have improved the design of QDAO DeFi in Noah Custody Wallet. Now, it’s more convenient and user-friendly than ever before! Enjoy!
New tutorials
We’ve added new video guides to our YouTube channel to help you expand your crypto knowledge:
- Top 3 Cryptocurrency Trends for 2021: https://youtu.be/RGVRd-TKrLE
- How to Stake in Venus.io and What You Can Get Out of It: https://youtu.be/UYIK6RRMHMU
- Nexo Overview: A Project to Change the Lending Landscape: https://youtu.be/vxNDu4WUGi8
- Let’s Evaluate the 2020 Crypto Predictions and Make Forecasts for the Future: https://youtu.be/M5xHGjodqSQ
- A Beginners Guide to DeFi: How to Start Earning: https://youtu.be/ei85r8_uk0o
- What Drove the Elrond Growth This December and Should You Invest in EGLD?: https://youtu.be/yJrPPIVzS34
- Staking $3333 in acBTC - it takes 3 Transactions to Stake and High Gas Fees: https://youtu.be/LwwCFKfuu5g
- A Glimpse into the Future - What Should We Expect from ETH in 2021?: https://youtu.be/zu7s3-BD68A
- SEC Lawsuit against Ripple: an Attack on the Cryptocurrency Market and the End of XRP?: https://youtu.be/2F1qyMJfFhc
- A Recap of 2020: What Are the Prospects of Ethereum in 2021?: https://youtu.be/0pgLyKUvjLM
The latest stats from QDAO DeFi PULSE:
Finally we reached 10 000 users — the exact number to the date is 10075
Total amount of users’ funds:
3264364.3042 XRP
876.07605759 ETH
171.15023307 BTC
17603301.73 ADA
...and more.
Current users’ interest balance:
58282.6790335 XRP
24.7034020454 ETH
3.48635158576 BTC
334574.2552409 ADA
...and more.
Number of withdrawals made: 9522
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.
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