Bi-Weekly Recap — Feb. 7th to Feb. 18th

Dear Community,

In the past two weeks, we have deployed a couple coverage pools and improved the “insured wallet” function. As usual, biweekly report comes again with our progress shown in 2 categories:

1. Marketing and business growth.
2. Product development.

Marketing and business growth

In the past two weeks, we have activated QiDao’s end users’ coverage portal. Users can pay USDC or QI to get covered. Utilizing native token as payment is a unique feature we support, the token price will be based on the weekly average when calculating payment amount.

Reserve is currently at 698,882 USDC earning around 85% APR with 30% APR USDC earning and 53% APR TIDAL earning. The current activated plans include a total coverage of 3.4 million.

Product development

• Deployed end user purchase portal for QiDao protocol.
• Extend the “insured wallets” function to support other wallet addresses than metamask — e.g. “protected account” can input a terra wallet address, protecting the terra wallet assets by linking it to the coverage payment account.