2024 has been a remarkable year for Qoda Finance. As we wrap up the year, we want to take a moment to reflect on everything we've achieved together, the milestones we've reached, and our heartfelt gratitude to you — our incredible Qommunity.
Key Highlights of the Year
3Balance Launch
We launched 3Balance in March 2024 and saw over 2,500 rebalances in less than a year. We continue to develop the product. It recently received visual and technical updates, a new website, and a blog.
Qoda DAO
In June, we launched Qoda DAO. The DAO allows anyone to join and affect the key decisions about the protocol by participating in governance and receiving rewards for staking QODA tokens.
QODA Token
Launching a token is always a big event for the product, team, and users. We slept a little, worked a lot, and did it together! From the token sale at Fjord Finance to the TGE and listing, we organized and went through all the stages of the token launch without technical difficulties or delays.
Staking Rewards
In December, smart contracts and the DAO DApp interface were updated to support claiming the staking rewards for the QODA token stakers.
New partnerships and integrations
Here is a short list of our partners and integrations:
- 1inch
- Fjord
- Solana
- Jupiter
- Li.Fi
- Uniswap
- Coinbase Wallet
- Galxe
- and others.
You can find a list of all the news and updates in our monthly blog updates.
Qommunity Updates
We see our mission not only in building valuable and innovative products in the DeFi sector. An important task for us is to support and educate our Qommunity. That's why:
- We have launched a Telegram chat where our users can ask questions and get an answer directly from the CEO.
- We regularly update the Qoda Blog. This is where we publish company news and educational materials that help better understand crypto, DeFi, wealth management, etc.
- 3Balance also has a blog. If you want knowledge in crypto portfolio management, this is your destination.
Throughout 2024, we’ve held dozens of community events and quests on platforms such as Galxe, Itract, and TaskOn. More than 20,000 users participated in our event, the Qountdown, dedicated to the token launch!
We’re going to break this record in 2025. Are you with us?
Challenges & Lessons Learned
Unfortunately, a considerable portion of the crypto economic engine is fuelled by hype—fads or tokens that exist solely to be promoted and eventually dumped by insiders. Their sole objective is to extract value from an audience that genuinely believes in a decentralized future.
This practice is so prevalent that many crypto veterans, or "experts," have decided to join the ruse: buy tokens before they jump in value due to the fads and sell them before they inevitably dump their value.
At Qoda Finance, we don't believe in or subscribe to this practice. We believe in the autonomy and fairness of the free market, which is a core value of the Qoda Ecosystem and the core team at Steadily.
We believe in creating tangible, long-term value from our products, no matter what we are talking about — Qoda DAO or 3Balance. This is our substance: everything we do aspires to create value for our communities, both on-chain and off-chain.
We believe in solving complex problems in the simplest way possible, so our work benefits everyone, not just a handful of insiders.
One of the most difficult decisions we made in 2024 was to cease operations at Qonstant. We began working on Qonstant in late 2021. Despite three years of development, we struggled to achieve product-market fit. The prolonged bear market and a tendency in the crypto community to pursue high-risk, high-reward opportunities made it challenging to attract the right audience. We still believe that the era of fixed interest rates will come as the DeFi sector matures and appeals to more conservative investors. However, the team has decided to wind down the protocol and focus our efforts on other promising projects within the Qoda Finance Ecosystem: 3Balance, Qoda DAO, and an upcoming payments product.
Looking Ahead in 2025
"The Steadily team has decided to focus efforts on 3Balance. The app enables people to rebalance their on-chain portfolios in just three steps. We’ve been working with a seasoned performance marketer as we iterate on 3Balance to achieve growth market fit. The numbers are looking good so far.
We’re also implementing 3Balance V2 with some huge upgrades that users have heavily requested this year. These include cross-chain rebalancing, multi-account rebalancing, support for meme coins, and a better mobile UX. We will share more details in Q1 2025 after the launch.
3Balance's success benefits QODA's tokenomics via ecosystem rewards and liquidity creation. We’re announcing a new ecosystem project in Q1 built specifically for on-chain KOLs. Most of the details are still under wraps, but what I can share with you is that it is built on the engine that underpins 3Balance and is in the cross-chain payments space.
Lastly, our team remains more committed than ever to growing the Qoda Ecosystem. We’ve always believed in sustainable DeFi, and that Qoda is bigger than us. I’m proud of our team for making a meaningful process in a thoughtful, measured way. Our vision for the future is that the QODA token remains decentralized, in the hands of the community, and backed by tangible value".
—Dhruv Dang, Steadily's CEO
Thank You & Gratitude
This year wouldn't have been possible without you — our loyal customers, supporters, and team members. Your trust and belief in us inspire everything we do. Stay connected! Follow us on X and subscribe to our newsletter to be the first to know about our progress and other plans for 2025.
Here's to an even brighter 2025 together.