CSP DAO Project Review: QED Network

QED is an Oracle protocol and utility token model designed to ultimately interface with any blockchain or smart contract platform. The initial QED platform comprises performance scaling components built on UX Network, as well as treasury and funding components built on Ethereum for secure settlement at the value layer.

The initial version manages Oracles delivering data to smart contracts that typically reside on DeFi platforms. Further rollouts will include other services Oracles needs to provide that create the foundations for decentralised protocols and economies.

QED embeds financial recourse in a codified and trustless smart contract environment with no loss of execution experience.

QED MODEL

  • The smart contract risk exposure defines oracles bond collateral. Collateral is external to the QED system and not an internal economic token.
  • Oracles are subject to dynamic accuracy scoring that determines their capital efficiency and creates a macro survival bias.
  • Customers can use a post-execution collateral claim process that includes the most accurate Oracles to participate in the resolution. Restitution of loss is drawn from the collateral posted by erroneous Oracles.

With QED, smart contracts can access data at a frictional cost that does not disrupt their business case, and Oracles can deliver data at scale to a much larger customer base.

TOKEN UTILITY

$QED is the utility token of the QED network, $QED tokens have multiple utilities in the QED ecosystem.

  • Staking: The collateral requirement for Resolution Oracles is determined by the amount of QED that is staked. Staking is done on a rolling 28-day basis, and surplus fees from Inaccurate Resolution Oracle failings are paid to stake QED. Critically, QED is not required to be staked as collateral, allowing “Death spiral” risk.
  • Fee Payments: All fees are paid and settled in a mixture of QED and the currency specific to the contract. The proportion of QED is determined by (1-S) from the QED Staking amount. In extremis, at 100% QED Staked, fees are settled with no QED included.
  • Governance: As the system develops and matures, QED stakeholders, those bearing the risk of the model, should be responsible for its evolution, and a voting structure will be implemented for QED token holders to make amendments to the model as they see fit.

TOKEN METRICS

FUNDING STATS

ROADMAP

PARTNERS AND INVESTORS

DEVELOPERS

LINKS

Telegram: https://t.me/QED_Network

Medium: https://medium.com/@QED.network

Twitter: https://twitter.com/qed_network

--

--

--

CSP DAO’s investments and Partnerships

Recommended from Medium

[Cointelegraph] World’s Largest Human Resources Firm Adopts Smart Contracts Platform

Why Axelar is one of the most promising projects?

BTSE AMA Highlights: A Conversation with Louis Dominic, Representative BD of Zuki Moba, on December…

Cartesi is now on Coinbase Earn

Moon x Kommunitas IKO Partnership

Reallocating Hundreds of Billions Worth of Online Traffic

StartupToken receives inward investment from one of the world’s major investment funds in…

Using X.509 PKI certificates as EOSIO blockchain identity

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bitcoin Dood

Bitcoin Dood

Likes to write about cryptocurrency, blockchain and deFi

More from Medium

My Huckleberry Finance Proposal

Contributing to the Interlay Crowdloan Using a Referral Code

Witnet Partners with KuCoin Community to Bring Decentralized Oracles, Price Feeds and Randomness…

Axelar Network: First stranding type protocol.