This episode is completely about QODA token and related news and developments. Let’s dive in!
$QODA Liquidity Bootstrapping Pool
The $QODA token was fairly launched through a Liquidity Bootstrapping Pool (“LBP”) on Fjord Foundry. LBPs are similar to Dutch auctions to enable a fair, market-driven, price-discovery process. You can check the history of purchases and the final LBP price on the Fjord Foundry.
The LBP raised net proceeds of $USDC 130k. Thank you for participating!
Hi all, an update for you on the outcome of the $QODA LBP:
— Qoda Finance (@QodaFinance) June 4, 2024
1. The LBP raised net proceeds of $USDC 130k. Thank you for participating ♥️
2. The LBP ended up selling more than the allocated 5% of tokens as demand outstripped supply in the hour before the pool closed. We have…
Tokens are 100% unlocked at the TGE, and can be claimed on Sablier by LBP participants.
$QODA TGE
We were working on the token launch during the first week of June. How was it? Check out the AMA with Qoda’s founder Dhruv Dang.
The total supply is 1,000,000,000 tokens. $QODA is native to Arbitrum One: https://arbiscan.io/token/0x763a716dD74a79d037E57f993fe3047271879bc1
Tokens circulation and tokenomics can be found in our docs: https://docs.dao.qoda.fi/qoda-token
$QODA is listed on Uniswap: https://app.uniswap.org/explore/tokens/arbitrum/0x763a716dd74a79d037e57f993fe3047271879bc1 https://x.com/QodaFinance/status/1798767061230862665
Official $QODA/$USDC Uniswap V2 Pool (LP tokens will be used for boosted staking rewards): https://app.uniswap.org/explore/pools/arbitrum/0x72cC017A624CC3dEfB9092b6dD90aF9FAC7D12B8
We are planning a CEX listing in Q4 2024.
Qoda DAO App
The alpha build of the Qoda DAO app is currently available at https://dao.qoda.fi. It supports directly staking $QODA tokens. Staking $QODA/$USDC LP tokens and unstaking (both $QODA and LP tokens) will be available later this week.
Governance functionality will be added tentatively in Q3 2024.
Learn more about Qoda DAO, governance and staking from our docs: https://docs.dao.qoda.fi/
All DAO related smart contracts were audited by the top web3 security firm, Halborn. The full audit report can be found here: https://www.halborn.com/audits/steadily-consulting-inc/qoda-dao
Airdrop
We distributed airdrop rewards to:
- $QODEX holders
- Qountdown Top 1000 participants
- Qountdown Phase 2 winners
- Galxe events winners (quests with Arbitrum, 1inch, Early Adopter quests, etc.)
- Specific Discord role holders
All the rewards are now claimable on Sablier and are subject to vesting: rewards less than, or equal to, 1000 $QODA can be fully claimed instantly. Rewards greater than 1000 $QODA have a 25% or 1000 $QODA (whatever is larger) instant unlock, and the balance vests over 90 days.
Documents
We launched a new website with Qoda DAO documentation: learn about the Qoda DAO, $QODA token, $veQODA token, staking, rewards, governance and more.