Hey Qommunity! It's time for our monthly updates about everything Qoda Finance. Curious to know what's new? Here we go!
Product development
We are working on a Threebalance rebrand + redesign. This includes a new website and blog, and a new version of the app. The app will include new features based on the feedback we have received since launch. Going live in October/November.
We procured a performance marketer to get started on Threebalance later this year. Also, we are working with investors to fund our marketing efforts.
Qoda DAO App V2 contracts are still in progress. The governance code is taking a bit longer than expected — we have to implement some custom contracts given how veQODA works. Want to get it right on day 1, so take the time to do it properly.
We research and develop a new product in the crypto payments space that works on the Threebalance API. More details coming in Q4 this year.
We deployed the new Qoda blog recently, and have been regularly publishing content. This is part of a larger, behind-the-scenes improvement to our organic marketing efforts. Some of our articles are now ranking in the top Google search results! Bringing this approach to Threebalance once the new website goes live.
Qoda DAO and Rewards Distribution Updates
— Qoda Finance (@QodaFinance) September 20, 2024
Qoda DAO smart contracts are still under internal review/testing. We decided to implement governance upgrades too, so we could get everything done in a single audit (more cost effective).
The initial 2.25% staking rewards will be… pic.twitter.com/pWwIdoNNSU
Qommunity Updates
Over the past month, we have been working hard on content for our blog and social media, creating useful educational materials for everyone interested in the DeFi. Here are some links.
Learn more about security audits of the Qoda Ecosystem products:
Qoda Ecosystem Security
Learn more about Qoda Ecosystem Partner Dapps security audits and general security principles when using crypto.
Read about Threebalance’s portfolio calculator in our recent post on X:
Did you know Threebalance offers an in-built portfolio calculator that lets you experiment with different asset allocations to visualize your ideal crypto portfolio?
— Threebalance (@ThreebalanceApp) September 26, 2024
We made this tool to help you visualize how each change impacts your risk and return potential. It's perfect for… pic.twitter.com/2NYNuXIZzf
Check out this blog post to better understand how crypto lending works:
Crypto Lending and Borrowing for Dummies
Crypto lending and borrowing might sound like a complicated aspect of the DeFi world, but it’s simpler than you think!
Here’s one more article where we explained what DeFi is:
Decentralized Finance: Explained by Qoda
Decentralized Finance (DeFi) may sound confusing, but this guide will help beginners to understand this complex topic with ease. In the article, we talk about the definition, the idea, the connection with centralized, traditional finance, and the main types of platforms, which include products built by Qoda Finance.
What is yield farming? We got the answer.
#CryptoStrategy Lesson 🚨 #YieldFarming
— Qoda Finance (@QodaFinance) September 27, 2024
What Is Yield Farming?
Yield farming in crypto is a strategy where you deposit your assets on #DeFi platforms (like ours!) to earn rewards—usually in the form of interest, tokens, or a share of transaction fees. It’s like earning interest… pic.twitter.com/cyio82iQMb
That’s all folks! Thanks for reading and see next month.