CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,085.00
  • ethereum
    ETH$1,696.10
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Qtum Goes DeFi With QiSwap Mainnet Launch 

    Qtum Goes DeFi With QiSwap Mainnet Launch 

    Author: Bridgit Murphy

    Last Updated Dec 2, 2020 @ 13:30

    Qtum, the blockchain DApp platform, is set to become the new kid on the decentralized finance (DeFi) block with the launch of the QiSwap mainnet.

    As the first automatic market-making (AMM) protocol on Qtum, QiSwap brings Uniswap-like features to Qtum, allowing users to easily exchange QTUM and QRC20 tokens and provide liquidity — while benefiting from incredibly fast transactions and minimal transaction fees.

    After completing several successful testnet phases, QiSwap migrated to the Qtum mainnet on November 13.

    QiSwap initially supports QTUM-QC as the sole trading pool. But over the coming weeks, the team plans to expand the range of available trading pairs — with QTUM-QBTC, QTUM-QETH, and QTUM-QFIL set to be the first added to the platform.

    In time, QiSwap will allow users to create their QRC20 token pools and set their initial liquidity. Other users will be able to either source liquidity from or join as liquidity providers. Liquidity providers will receive a return from any exchanges conducted on pools they provide liquidity for, creating a passive income opportunity for Qtum and QRC20 token holders.

    ADVERTISEMENT

    The platform is powered by the QiSwap (Qi) token, which will have a fair launch without a token sale, and be airdropped to participants of the QiSwap testnet phases. As the native governance of the platform, Qi token holders will be able to cast their votes on important governance proposals, helping to shape the development of the QiSwap platform.

    QiSwap now provides a backbone for other platforms looking to build DeFi decentralized applications (DApps) on Qtum, since they can now easily source liquidity for their tokens and integrate QiSwap directly into their apps.

    Recent Qtum Updates

    This is the latest in a series of essential updates for Qtum, the most recent of which is its offline staking upgrade — launched back in August.

    Offline staking now allows Qtum holders to easily delegate their tokens to an online node from their hardware wallet and run their own super staker node to earn rewards and help secure the Qtum network without any custodial risks — helping to boost network participation considerably.

    Qtum also recently added Google Cloud as a software partner, allowing users to easily deploy a full node using a virtual machine hosted on Google’s cloud platform—this is part of its push to participate in the Qtum blockchain economy more accessible. This solution is currently being leveraged by QiSwap, which also hosts its front end on Google Cloud.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • QTUM_offline_staking
      Binance, Huobi, OKEx Announce Support for QTUM Offline Staking to Further DeFi Involvement in Asia
    • 4 Things That Could Cause the DeFi Bubble to Pop
    • synthetix_cover
      Unraveling DeFi: An Interview With Synthetix About How Synths Work
    Tags: DeFi Qtum
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Bridgit Murphy
    More posts by this author

    Bridgit Murphy is a blockchain technology engineer specializing in integrated online services, smart contracts, fork development, and quality assurance. An open-source enthusiast, Murphy recently relocated from her hometown of Dublin to Hong Kong. Contact: LinkedIn

  • bitcoin
    BTC$23,085.00
  • ethereum
    ETH$1,696.10
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Institutions Are Starting to Buy Back: Interview with Nansen

    Institutions Are Starting to Buy Back: Interview with Nansen

    Top 5 Most Common Scams Related to Ethereum 2.0

    Top 5 Most Common Scams Related to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    5 Common Mistakes to Avoid During a Crypto Bear Market

    5 Common Mistakes to Avoid During a Crypto Bear Market

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!