Published Jul 5, 2022
By Qredo Team
Qredo Network Update: June 2022
Welcome to our monthly roundup of all things Qredo!
In response to community requests and to provide more regular information about how the Qredo project is evolving, here is our monthly recap of Qredo Network activity and highlights.
NEW AUTO-STAKING BONUS! 🌟
We recently announced two new auto-staking bonus programs for QRDO holders!
The new programs – which will run in tandem with our existing weekly auto-staking rewards – offer a total of almost 18% APY (Annual Percentage Yield) reward until December 31 2022.
You can find the full details of the update here.
The new auto-staking bonus programs run over two time periods:
3 Month QRDO Staking Bonus
Stake your QRDO from July 1 to September 30, 2022 and earn an additional 5.05% APY
3 month cumulative staking equivalent 15.15% APY
The staking bonus will be paid out as single payment at the end of the three month period on October 1
6 Month QRDO Staking Bonus
Stake your QRDO from July 1 to December 31, 2022 and earn an additional 5.05% APY
6 month cumulative staking equivalent 17.675% APY
The staking bonus will be paid out as single payment at the end of the six month period on January 1
Qredo stats 📊
📈 Qredo Network Accounts +6.7% MoM
It’s the end of the quarter and we know you want to hear about the roadmap!
Rest assured that the Qredo product team has been working hard in the background. Next week we’ll share a progress update and lift the curtain on some exciting new developments.
CASE STUDY 🔍
Many companies use Qredo for a variety of purposes, and last month we took an in depth look at how Singapore-headquartered crypto quant trading firm FBG Capital is leveraging the network to secure its assets.
FBG needed a secure, flexible custody platform to conduct trades through the Clearpool lending protocol.
So FBG turned to Qredo as a solution which maintained the firm’s access to the MetaMask Institutional platform while meeting its institutional-grade governance and compliance requirements.
Click here to find out more about how FBG uses Qredo.
“As a trading firm with a presence across the globe constantly transacting digital assets, we need a proven custody provider which can give us the controls we need while maintaining a fully decentralized base to work from.
“The Qredo platform ticks all those boxes and makes it as easy as possible for us to transact the way we want to.”
– Jingcheng Li, FBG Capital Managing Director
June also marked the launch of The Qreed Season 3!
The latest season of our community ambassador program is set to run for 8 weeks, from June 15, 2022 at 10:00 UTC and ending on August 10, 2022 at 10:00 UTC.
The community is at the heart of everything we do here at Qredo, and the Qreed Season 3 gives more opportunities for those who want to help spread the word about what we are doing.
Not sure whether the program is for you? Find out more about the Qreed and what makes a Qredonian here.
AMAs are an important part of our program of engaging with, and building community, Here’s a recap of our June activity:
💡 Our community is very important to us and we’re always listening to your feedback and ideas. Anything you’d like to see from us?
FROM THE BLOG 🗞️
QREDO IN YOUR EAR 🎧
Qredo’s growing library of panels, interviews and other great content is now available through our new podcast channels. Choose your watering hole:
We hope you enjoyed this overview — we'll be back next month with another 📅