QiDao Weekly Updates — Week 14 (8/2–8/8/2021)

QiDao Protocol
3 min readAug 9, 2021

Recent Announcements

  • Qi staked 3,158,609 (16% of circulating supply)
  • Vaults Launching (QIP 015): Sushi
  • 5,609 addresses holding Qi (6% weekly increase)
  • Vote passed to incentivize borrow MAI through vaults (QIP014)
  • Transak integration has been completed and will be launched during the week. This will allow users to buy crypto with fiat on QiDao’s website

Upcoming Activities

  • Voting on QIP016: Cloakwire audit
  • Voting to add part of USDC Swap fee revenue to Qi staking rewards
  • Add new collaterals

Product Improvements

New Qi boost page

New eQi analytics page

Protocol liquidity tracker

Things in the works

  • Improvements to app site UI
  • WBTC and SUSHI vaults
  • Vault incentives

Most Recent Fireside Chats

You can find them all on our YouTube channel

Community growth

  • Lao Zi Twitter: 4,496 followers
  • QiDao Protocol Twitter: 1,467 Followers
  • Telegram: 1,506 members
  • Discord: 3,538 members
  • Youtube: 277 subscribers

Community shoutouts

  • Poopster and Wraithers — organizing the UMA AMA
  • Pingu1 — starting community-run docs for QiDao
  • QiDao Master and DeFi Master — community activity

Asks for the the community

Vote — The next few weeks will be important in crafting the future of QiDao. We have enabled the Qi Powah boost to give you more voting power.

Partnerships — If you think of partnerships that can help with the following please suggest them or introduce us:

  • Increase use cases of MAI
  • Help MAI peg
  • Increase protocol value
  • Increase community growth
  • Fireside chat guests

Checkout our outstanding bounties for being awarded Qi on Discord

Retweet and tag us on Twitter.

Learn more about QiDao and get involved in the community







QiDao Protocol

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