At our core, transparency and keeping you informed are vital to our journey. We're excited to share the highlights from last month's developments and community activities. Here's a brief overview of what we accomplished and what's on the horizon!
Qonstant
We have decided to cease further development of the Qonstant protocol to focus more on other DApps within the Qoda Finance Ecosystem.
No new markets will be launched after the expiration of the USDC December 2024 market. Borrowers have until the end of December to repay loans without liquidation. Lenders can unwind positions at any time or redeem tokens after the expiration date.
The protocol will continue to function but without new markets. You will have ample time to withdraw collateral or redeem tokens after the USDC market matures on December 31, 2024, at 16:00 UTC.
The app will be taken offline on a date yet to be disclosed. Users will be informed in advance to ensure a smooth transition. Read the full announcement.
3Balance
Work on 3Balance V2 is progressing steadily. We updated the main DApp’s page. 3Balance supports additional wallets beyond Metamask and Phantom now, along with a new design. Moreover, we improved the mobile user experience – our users now can connect to the application using WalletConnect or Coinbase wallet app. Try 3Balance from your mobile device and let us know what you think!
We will also roll out the integration with Li.Fi and provide updates on the rebalancing steps soon.
Qoda DAO and QODA Token
The updated navigation for the DApp is almost ready, and we'll share the details soon.
We also finished our work on upgrading the Qoda DAO smart contracts to facilitate the distribution of staking rewards. Once the DApp's interface is updated, we'll publish the separate announcement with all the details about claiming of your rewards.
For more details, check out the tokenomics in our documentation.
Qommunity News
We have revamped 3Balance's newsletter subscription system. Going forward, after finishing the third step of rebalancing, everyone who completes the rebalancing in the DApp will receive an invitation to subscribe to the newsletter. This will be a separate newsletter featuring valuable tips on rebalancing and crypto portfolio management, so don't miss out.
Additionally, we plan to change the content format for Qoda Finance. As we develop a DApp for managing our assets, we want to focus more on how the community engages with the crypto world, sharing their experiences, wins, and losses. Exciting content is on the way, including more blog posts, newsletter updates, and new formats. Stay tuned for announcements!
We are also organizing community activities on Galxe in December, so keep an eye out for updates!
In conclusion, don't miss our blog articles that can help everyone better understand the world of crypto:
- What are AI tokens?
- DeFi Staking Guide: A Complete Overview for Beginners
- Crypto Portfolio Calculator: A Guide to Smarter Crypto Investing
- Financial Risk Management in the Age of Crypto
- Timing the Market in Crypto
- A Beginner’s Guide to Building a Crypto Portfolio
- Crypto Portfolio Rebalancing Strategies You Should Know