Let’s summarize Qoda’s last month of 2023. Read our team’s 12th-anniversary edition of monthly updates to learn more about how things are going.
Users and TVL growth
- More than 500 unique addresses were transacted on Qonstant in December.
- $1,152,717 is the overall traded volume on the DApp we reached in December.
Let’s go about and beyond these numbers! Thanks everyone for your support.
Product development
We are working on a new Markets page design:
We are working on redesigning the Qoda Loans DApp landing page to make it easier for regular folks who just want to lend and borrow instantly.
— Qoda Finance (@QodaFinance) January 2, 2024
WDYT, Qommunity?
P.S. Existing page design 👇 [https://t.co/UOhIr89XwD](https://t.co/UOhIr89XwD) pic.twitter.com/x3tsT5y1hb
We’re almost done with the Threebalance design and working on its implementation on the front-end side. We also continue working on the back end to help users sell/buy assets for rebalancing in the same design. You can learn more about Threebalance on this X page. We target February 2024 for launch.
We will sunset the Qonstant deployment on Moonbeam on April 30, 2024, so users must withdraw collateral and redeem their lend positions before then.
Some recent bug fixes and improvements:
- We improved our API and its performance.
- Fixed the TVL metric on the marketing website.
- Fixed the new loan form WETH max available balance issue. It was showing the user’s ETH balance instead of their WETH balance.
- Name service implementation.
USDC and WETH March 2024 markets are operational. If you lent in December 2023 markets, don’t forget to redeem your funds.
Qommunity news
Our team is still working on tokemomics and future QODA token launch together with lawyers and advisors. We are close to its final discussions and presenting to you, Qommunity.
We’re revamping our website and Docs to reflect the recent changes in the company’s products and roadmap. We can’t wait to show those changes to you!
We partnered with RociFi:
We teamed up with @rocifi to bring their #web3 credit scores to Qoda 🤝
— Qoda Finance (@QodaFinance) December 12, 2023
RociFi enables users to monetize their on-chain data via capital-efficient borrowing 👀
RociFi x Qoda are excited to build the future of DeFi on @arbitrum!
More details to come ⏰ pic.twitter.com/zsXZh8eZRD
We joined forces with Intract and launched a new edition of Qoda Quest on Intract’s platform. More than 8,500 participants initiated the quest. But that’s not all. We plan to continue collaborating and launch a new event soon, so stay tuned.
Also, Qoda was featured on DeBank’s Portfolio page. Users who deposited collateral, lent, or borrowed in Qoda’s markets can view their assets now!
Want a real-world example of how Qonstant can be used? Checked this explanatory X thread from our CEO explaining portfolio leverage:
One of @QodaFinance's users has made a profit of \~$3,885 on a levered $wstETH position using the Qoda Loans DApp on @arbitrum. Let's take a deep dive into how they did this 👇🧵
— dhruvio.arb (@dhruvdang) December 8, 2023
We continue building. Stay tuned!