Qilin Protocol
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Qilin Protocol

The Qilin Tales #5

November has been an amazing month for Qilin! Throughout the month, we continuously improved the product based on feedback from Closed Beta and Public Testnet of Qilin V2. Stay tuned for the launch of Qilin V2 Mainnet! We believe that it will call forth the new vitality of altcoin market!

Here’s our November 2021 Qilin Monthly Update.

Hope you enjoy!

Market needs volatility, Qilin creates volatility. Learn more

Technical Bits

  1. Development and testing of replacing Micro service with Graph
  2. Development and testing of Liquidation robot
  3. Optimization and testing of Liquidation rewards
  4. Liquidity oracle source compatible with UNI V2 and Sushi
  5. Development and testing of WETH/ETH mapping
  6. Wallet Connect supported
  7. Fixed bugs reported during Public Testnet period

Community Bits

1.November began with Qilin’s Halloween Treating Campaign. 7 winners were picked from about 2,000 participants.

2.Qilin has been listed on CoinMarketCap 🎉 You can add Qilin Protocol on watchlist to stay updated.

3.Qilin V2 Closed Beta concluded successfully in mid-November. As one of the important stages before mainnet launch, the Closed Beta lasted for 2 months, fully preparing for the Public Testnet.

4.Qilin V2 Public Testnet officially launched on November 16th, which marks a major milestone ahead of Qilin’s V2 mainnet launch. In the first two weeks of testing, there were 5,300+ transactions via around 800 unique addresses (users) in Trading Competiton, and also many users have enrolled in Bug Bounty and given great feedback.

5.Qilin published two articles on Coindesk to share our recent thoughts. In Building an Altcoin Future With Permissionless Perpetuals, we believe that although stablecoins have a hegemonic hold over the crypto derivatives space, Qilin allows altcoins to be used in crypto derivative deals with its permissionless, crypto-denominated perpetual trading protocol , which will rapidly expand the utility of altcoins. In How to Scale the DeFi Derivatives Market, permissionless marketplace creation, permissionless market making and yield enhancement were emphasized in successfully scaling DeFi derivatives market, which can be found in Qilin’s inverse perpetuals and rebate funding rates.

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Decentralized risk-optimizing protocol for derivatives trading

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Qilin

Qilin

Decentralized risk-optimizing protocol for derivatives trading.

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