QiDao Weekly Updates — Week 16 (8/16–8/22/2021)

QiDao Protocol
2 min readAug 25, 2021

Recent Announcements

  • Qi staked 4,044,255 (19% of circulating supply)
  • 5,966 addresses holding Qi (2.5% week-to-week increase)
  • QiDao Improvement Proposals: We have opened up Discord discussions around the upcoming QIPs: AMMs, LPs, and incentives
  • Product enhancement: Added Qi from Adamant, Pickle, Beefy, and Qi-Quick pairs to Qi Powah
  • Decreased liquidation ratios (130% for CRV, WETH, AAVE, LINK & 135% for camToken vaults)
  • Increased Debt ceiling of camWMATIC, camWETH and LINK by 1m MAI each
  • Quickswap Fireside Chat with Tyler
  • Partnered with Gelato to automate the compounding of Aave market yield tokens
  • Collateral Vaults queued to launch: Sushi — In talks with Sushi about possibly adding xSushi, WBTC — Testing is complete. Will announce Launch in week 17.

Upcoming Activities

  • Fireside chat with Fernando Martinelli, CEO of Balancer
  • QIP 20 — Live now: Choosing AMMs
  • Upcoming: Stable pair QIP
  • Upcoming: Qi pair QIP
  • Upcoming: Liquidity mining incentives QIP

Things in the works

  • Improvements to app site UI
  • Vault incentives
  • Paid marketing ads

Most Recent Fireside Chats

You can find them all on our YouTube channel

Community growth

  • Lao Zi Twitter: 4,613 followers (1.6% increase)
  • QiDao Protocol Twitter: 1,755 Followers (19% increase)
  • Telegram: 1,524 members (increase 0.5%)
  • Discord: 3,538 members (increase 2.5%)
  • Youtube: 292 subscribers (increase 2.8%)

Community shoutouts

  • Royalaid for completing the bounty helping to include Adamant, Pickle and Beefy Qi in the Qi Powah
  • 0xAdi for connecting us to instadapp

Asks for the the community

  • **Big push is marketing. Please help where you can by sharing and liking content & tweets. Feel free to share marketing ideas on our community suggestions channel on Discord.
  • 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, Retweet and tag us on Twitter.

Learn more about QiDao and get involved in the community