Qredo August 2022 Monthly Report
Welcome to our monthly roundup of all things Qredo!
Token Burn 🔥
network 🌐
Token Burn 🔥
This month's update isQredo burned 16.8 million QRDO tokens on August 1, the amount removed from circulation was about the same as attributable during July.
These burns are part of a new monthly plan where Qredo burns the same or more tokens per month than was vested in the previous month.
we were justAnother 16.8 million tokens burned on September 5thToken Economics Measures
read about ourToken Economics MeasuresMore information on
Qredo data
📈 Qredo Layer 2 with 🦊Metamask InstitutionalQuarterly growth: $11.088 billion
🚀 Qredo Layer 2 monthly transaction volume growth: 34.9%
As you may know, our North Star measures the level of transaction activity on the Qredo network — and the resulting fee income.
We are pleased to report that we have seen significant growth in this metric, with Qredo's best-in-classdMPC hosting platformServes as a secure foundation to support this liquidity and financial activity.
Integration of Qredo with MetaMask Institutionalis an example of this positive trend. With over 200 institutional investors using Qredo x MMI, we are seeing a strong increase in their lending and yield farming activity - every interaction with the protocol, dApps and smart contracts generates a fee event for Qredo.
We also gained valuable new insights into how people use Qredo - proving that when we work hard to build and test something people want, this translates into user adoption, network activity and positive feedback.
Qredo's 3 and 6 month staking bonus While you can continue to earn 10.1% APY weekly staking bonuses, there is still time to enjoy staking bonuses if you hold QRDO in your Qredo wallet for a longer period of time.
We launched in JulyAutomatic Staking Bonus ProgramIntroduced new rewards for those who stake until September 30th or the end of the year (you can earn up to almost 18% APY until December 31st, 2022).
Products 👩💻
Products 👩💻
Qredo x WalletConnect 🚀🚀🚀
as we are atannounced in july(an open protocol for DeFi access) introduces exciting new integrations.WalletConnect(an open protocol for DeFi access) introduces exciting new integrations.
So far, hope to joinQredo x WalletConnect Early Adopter Programhas received a tremendous response and will be closing the new applicant channel soon.
Qredo x WalletConnect will provide a convenient way for individuals and institutions to choose from over 450 dApps across all EVM chains - all powered by the strong governance and security of Qredo's decentralized hosting.
QREDO and MERGE 🔬
Ethereum’s Transition from Proof-of-Work to Proof-of-StakeExpected later this month, it will be a huge milestone in the platform's short history.
exist
existArticle on this topic on August 24thCommunity 🥰
Community 🥰
AMAs are an important part of our plan to engage and build community, here's a recap of our August event:
Community AMA with Ben Whitby- August 3rd
Josh Goodbody's AMA on DEXGuruMake sure you never miss a Qredo event! Click below to register your email address and get event notifications at any time:
Make sure you never miss a Qredo event! Click below to register your email address and get event notifications at any time:
join us 💼
We are growing and growingrecruit talents。
blog post 🗞️
QREDO Podcast 🎧
Hear Qredo's growing library of panels, interviews and other great content now on our new podcast channel. Choose your channel:
blog post 🗞️
Qredo in the media 📰
We hope you enjoyed this overview - we'll be back again next month 📅. In the meantime, pleaseTwitterandTelegram keep in touch with us on
above!
Qredo team
Original link:https://www.qredo.com/blog/qredo-network-update-august-2022
Qredo Chinese page:qredo.com/zh-cn
