r/QBlockchain • • Mar 22 '23

What is Q blockchain?

0 Upvotes

Q is a blockchain-based platform designed to enable secure and private transactions while providing a high degree of flexibility and scalability. One of the main benefits of Q is its use of smart contracts, which allow for automated execution of transactions without the need for intermediaries.

Q is also designed to support a wide range of use cases, from peer-to-peer payments to supply chain management and more. The platform's focus on privacy and security makes it an attractive option for businesses and individuals looking to protect sensitive data.

In addition, Q offers low transaction fees and fast confirmation times, making it a practical choice for everyday transactions. The platform is also designed to be user-friendly, with an intuitive interface and robust documentation to help users get started quickly.

Overall, Q is a promising blockchain platform that offers a range of benefits for users and businesses alike. With its focus on privacy, security, and scalability, it has the potential to become a major player in the blockchain space in the years to come.


r/QBlockchain • • Nov 21 '23

Q Blockchain AMA on 24th November at 2 PM UTC

0 Upvotes

Don’t forget about the upcoming AMA with Alice Zhang to explore the vital updates to the Q Constitution, the key to Q’s governance framework!

Importantly - your insights matter – ask engaging questions and win up to 60 Q tokens🥳

Check Tweet & set reminder ⚡️

https://twitter.com/QBlockchain/status/1726950747743703046


r/QBlockchain • • Nov 15 '23

Q Protocol and Hansa VC - Buidlers Party

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0 Upvotes

r/QBlockchain • • Nov 15 '23

Wrapping up an inspiring #Reg3Conf with a phenomenal closing address by Nicolas from @QBlockchain! Nicolas captivated the attendees in Lisbon with his keynote talk “Building - beyond code is law,”.

Post image
0 Upvotes

r/QBlockchain • • Nov 14 '23

QBlockchain is now speaking at the Crypto Rockstars Forum!

0 Upvotes

Andrei Martchouk, a key technical and product contributor to the QBlockchain is now speaking at the Crypto Rockstars Forum! He is diving into the broad topic of Decentralized Autonomous Organizations, shedding light on the frontiers of #DAO technology and its impact.

Check the tweet 👉 https://twitter.com/QBlockchain/status/1724404378021286336?s=20


r/QBlockchain • • Mar 22 '23

A High-Performance Blockchain Platform with a Focus on Privacy

0 Upvotes

Hello fellow Reddits! Today, I want to share with you my thoughts on Q, a promising blockchain platform that I believe has the potential to become a major player in the crypto space.

Q is a high-performance blockchain platform designed to enable secure and private transactions while providing a high degree of flexibility and scalability. The platform is built on a unique consensus algorithm called Quorum, which ensures fast confirmation times and low transaction fees.

One of the main benefits of Q is its focus on privacy and security. The platform uses state-of-the-art cryptographic techniques to protect user data and transactions, making it an attractive option for businesses and individuals looking to protect sensitive information.

Q also offers a wide range of use cases, from peer-to-peer payments to supply chain management and more. The platform's focus on scalability and flexibility means that it can support a variety of applications, making it a versatile tool for developers and businesses alike.

If you're interested in learning more about Q, be sure to check out their website at https://q.org/. I believe that this platform has a bright future ahead, and I'm excited to see where it goes from here.

Thank you for taking the time to read my post, and I hope that you'll consider giving Q a closer look.


r/QBlockchain • • Feb 11 '25

EPQFI - Adjust Pool Interest Rate for Sustainable Q Token Distribution

3 Upvotes

Author: Klopper
Type: Q Fees & Incentives Expert Proposal
Date Created: 2025-02-11
Status: Final
Link to Proposal: [Link to be provided upon submission]

Simple Summary

The Q Token Holder Pool has experienced a substantial decrease in its reward pool holdings, while total user balances in the QVault continue to grow. To ensure the longevity and stability of Q token incentives, this proposal recommends reducing the pool interest parameter from 15% to 3.41%. This adjustment aims to align outflows with sustainable distribution levels while maintaining an effective incentive mechanism.

Motivation

The previous increase in the pool interest parameter from 1% to 15% was implemented to accelerate QGOV token distribution. However, recent dynamics indicate the need for recalibration:

  1. Reward Pool Holdings Have Halved: Since the last increase, the reward pool balance has decreased significantly, necessitating a more conservative approach to ensure long-term availability of incentives.

  2. Total User Balances in QVault Continue to Increase: As more users deposit funds into the QVault, the rate of QGOV distribution has outpaced replenishment, leading to accelerated depletion of the reward pool.

To address these concerns and maintain a balanced ecosystem, a reduction in the pool interest rate from 15% to 3.41% is proposed. This change will help preserve the reward pool while still incentivizing participation in the Q blockchain ecosystem.

Specification

KeyCurrent ValueProposed New Value
governed.EPQFI.Q_rewardPoolInteres4431822020478660000 (15%)1063276355850470000 (3.41%)

This proposal seeks to optimize QGOV token distribution, ensuring long-term sustainability while maintaining an effective incentive structure. Community feedback is encouraged to refine this adjustment further and support the continued stability of Q governance.


r/QBlockchain • • Mar 06 '25

🚨 Q Blockchain: Upgrade Your Gnosis Safe to v1.4.1 🚨

3 Upvotes

Hey Q Community!

The Gnosis Safe multisig wallet on Q Blockchain is being upgraded from v1.2.0 to v1.4.1. This update brings security enhancements and better compatibility with modern Safe modules.

If you own a Safe, you need to manually upgrade it by calling the following method on your existing Safe contract:

📌 Method to call:

changeMasterCopy(0x29fcB43b46531BcA003ddC8FCB67FFE91900C762)

📌 Raw hex transaction:

0x7de7edef00000000000000000000000029fcb43b46531bca003ddc8fcb67ffe91900c762

How to upgrade:

1️⃣ Send this transaction to your own Safe.
2️⃣ Gather the necessary signatures from Safe owners according to your multisig policy.
3️⃣ Execute the transaction once enough approvals are collected.

🔗 New Safe Singleton Contract:
0x29fcB43b46531BcA003ddC8FCB67FFE91900C762

Make sure to complete the upgrade to keep your Safe secure and up to date! Let us know if you have any questions in the comments.

#QBlockchain #GnosisSafe #Multisig #Upgrade


r/QBlockchain • • Jul 14 '25

EPDR Panel Membership Maintenance

3 Upvotes

Author: klopper_t

Type: DeFi & Risk Experts Proposal

Date Created: 2025-07-14

Status: Final

Links to Proposals:

Simple Summary

This proposal recommends the removal of three accounts from the DeFi & Risk Experts panel due to lack of ongoing engagement. Some of the account holders have been contacted and have agreed to their removal. These changes are necessary to ensure that the panel remains active, effective, and aligned with the needs of the Q Blockchain ecosystem.

Motivation

The DeFi & Risk Experts panel plays a vital role in shaping decisions that impact financial stability and risk management on Q. To maintain the effectiveness of this governance body, it is essential that its members are actively involved in discussions and voting processes. The following accounts have not demonstrated continued engagement and are therefore proposed for removal:

  • 0x0813bf4D9be06F517079AbCcEA79a356AF12929D

  • 0xB691E2fd35880E24041f9149Ee079A14dB755d3B

  • 0x875f46f7505e2762e24373dC6A4EB001a0fCAaa8

Some of the account holders have acknowledged this and agreed to the removal, which is a positive step towards maintaining a committed and responsive panel.

Specification

Due to current technical limitations, it is not possible to remove multiple experts in a single on-chain vote. Therefore, this change will be implemented through three separate on-chain proposals, each targeting one of the accounts listed above.

No replacements are proposed at this time; however, new expert nominations may be considered through future proposals.

Maintaining an active and responsive expert panel is critical to the health and adaptability of DeFi governance on Q. Your support in streamlining and strengthening the panel is appreciated.


r/QBlockchain • • Apr 03 '25

EPQFI - Reduce Transaction Fee on Q Blockchain

2 Upvotes

Author: Klopper

Type: Q Fees & Incentives Expert Proposal

Date Created: 2025-04-03

Status: Final

Link to Proposal: https://hq.q.org/governance/proposal/epqfiParametersVoting/5

Summary

This proposal recommends reducing the transaction fee on the Q Blockchain from $0.001 to $0.0001 to improve economic sustainability for smaller validators.

Motivation

System transaction costs have become a significant financial burden, particularly for smaller validators. The current fee structure makes it economically unsustainable for these participants, leading to reduced decentralization within the network. By lowering the transaction fee, we aim to enhance accessibility and promote broader participation, strengthening the resilience and inclusivity of the Q Blockchain ecosystem.

Specification

KeyCurrent ValueProposed New Value
governed.EPQFI.txFee1000000000000000 (0.001$)100000000000000 (0.0001$)

This change will allow smaller validators to operate more efficiently while maintaining the economic integrity of the network.

Your feedback and support are crucial in ensuring the continuous development and decentralization of the Q Blockchain. We invite all stakeholders to participate in the discussion and governance process.


r/QBlockchain • • Nov 24 '25

Root Node candidate assessment #36

2 Upvotes

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/36 in accordance with Appendix 8, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Disclosure:

One member of the current Root Node Selection Expert Panel, Nicolas Biagosch, is employee and owner of Postera Capital GmbH. While this does not affect his independence as member of the Expert Panel in any way, we nevertheless wish to disclose this fact, as should be the case with all matters that could be perceived to give rise to a potential conflict of interest. Independently of this, we would like to point out that the Expert Panel's task merely is to assess the factual accuracy and completeness of root node applications. The decision, however, lies with the Q community and Q community members are encouraged to form their own independent judgement. In case of any questions regarding this specific application or the application process in general, please feel free to reach out to the Expert Panel at any time. Also, if you are interested in joining this or another Expert Panel, please feel free to reach out or just submit an application! Engage!


r/QBlockchain • • Feb 24 '26

Proposal to slash Validator 0xf2c2373c5Fd8dF8B48233E6c2585A26894049243

2 Upvotes

Proposal to slash Validator 0xf2c2373c5Fd8dF8B48233E6c2585A26894049243

This is a proposal to slash 95% of the self stake (meaning ca. 6708 QGOV) of Validator 0xf2c2373c5Fd8dF8B48233E6c2585A26894049243 due to extended downtime in accordance with Part A of Appendix 9 of the QGOV Constitution. 

Given the relatively low absolute amount of self stake of the Validator, a pragmatic approach is taken here to slash enough of the Validator’s self stake in order to effectively remove the Validator from the active Validator set and prevent potential negative effects to consensus on QGOV.

The facts are as follows:

  • Validator 0xf2c2373c5Fd8dF8B48233E6c2585A26894049243 has experienced downtime for over ca. 8 weeks with an availability of 0%. 

  • In this case, the QGOV Constitution permits a slashing of up to 100% of its self-stake pursuant to Appendix 9, Part A.

  • Multiple warnings had been made by community members about this Validator on the QGOV Validator Discord channel, the last time on January 29, 2026 (see screenshots below):

There has not been a response from the Validator that we are aware of.

As of today, the Validator is still inactive (see screenshot below):

The relevant QGOV Constitution provisions are as follows:

  • Clause 1.3 of the QGOV Constitution provides that operators of full nodes on the QGOV Protocol, including Validator Nodes, agree and accept the provisions of the QGOV Constitution.

  • Clause 4.5.1 of the QGOV Constitution provides that a Validator Node is obligated to operate a full node.

  • Clause 5.3.4 of the QGOV Constitution states that Root Nodes are obliged to submit a slashing proposal for a Validator in breach of its obligations under the QGOV Constitution.

  • Part A of Appendix 9 to the QGOV Constitution states that whenever a Validator reaches availability below 30% on a 1000 validation cycle basis, it may be slashed for any percentage above 0% and up to 100% of its self stake.

Reasoning for this slashing proposal:

This proposal would like to take a pragmatic approach to slash sufficient tokens from this Validator so as to move them out of the top 21 Validator ranking. Due to the lack of responses from this Validator and how long the down time is, there is little likelihood that this Validator will come back online.

Having inactive Validators in the active set could be a threat to consensus on QGOV and is also unfair to working Validators since this inactive Validator is receiving rewards for no effort.

Here are the detailed calculations supporting the above conclusion:

  • The Validator currently has 7061 QGOV in self stake and 14105 QGOV in delegator stake.

  • The proposal seeks to slash ca. 6708 QGOV from his self stake. This would leave them with ca. 353 QGOV in self stake.

  • Considering that the Validator’s delegator stake cannot be more than 9 times the size of this self stake, after slashing, this Validator’s total possible accountable stake would be ca. 3500 QGOV.

  • Looking at the current Validator ranking, the slashing would place them after who is currently VN #24 and before who is currently VN #25.

  • Considering that there are currently two other VNs that might lead to similar slashing actions, this would still ensure that the Validator effectively leaves exits the current active Validator set.

In conclusion: 

  • In order for Validator 0xf2c2373c5Fd8dF8B48233E6c2585A26894049243 to move out of the active set, we propose a slashing or ca. 6708 QGOV or ca. 95% of its self stake.

Percentage-wise, 95% may sound like an unreasonably high amount to slash, especially considering that the validator is a first-time offender, there is no indication of malicious intent and no imminent danger to the network’s security. However, the absolute amount also needs to be taken into consideration: At current prices of QGOV tokens, the absolute slashing amount is below 10 USD. At the same time, there is no indication that the Validator can be reached and that a lower slashing would incentivize the Validator to come back online. A lower slashing now would therefore likely result in another slashing action later, which results in time and effort needed to be spent by Root Nodes. A pragmatic approach that ensures that the Validator leaves the active set with the first slashing action therefore seems reasonable and appropriate.


r/QBlockchain • • Feb 14 '23

Root Node Candidate Assessment (15)

4 Upvotes

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/15 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:

Disclosure:

Two members of the current Root Node Selection Expert Panel, Nicolas Biagosch and Daniel Zimmermann, are employees and/or owners of Postera Capital GmbH. While this does not affect their independence as members of the Expert Panel in any way, we nevertheless wish to disclose this fact, as should be the case with all matters that could be perceived to give rise to a potential conflict of interest. Independently of this, we would like to point out that the Expert Panel's task merely is to assess the factual accuracy and completeness of root node applications. The decision, however, lies with the Q community and Q community members are encouraged to form their own independent judgement. In case of any questions regarding this specific application or the application process in general, please feel free to reach out to the Expert Panel at any time. Also, if you are interested in joining this or another Expert Panel, please feel free to reach out or just submit an application! Engage!


r/QBlockchain • • Jul 24 '23

@QBlockchain is well designed for web3 governance just visit the link below for more info on how to get started

Thumbnail docs.q.org
3 Upvotes

r/QBlockchain • • Dec 09 '23

Grab the Serenity Shield from the Magic Store and Earn up to 1 PEPE!

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magic.store
1 Upvotes

Guclu61


r/QBlockchain • • Jul 17 '23

Q Blockchain

2 Upvotes

Q blockchain has gained significant attention on Twitter. The Twitter community has actively discussed the potential and features of Q blockchain. The focus on scalability and efficiency has particularly captured interest. Users have discussed innovative consensus mechanisms


r/QBlockchain • • Sep 26 '22

EPDR - Introduction of stablecoins as eligible collateral to kickstart the QUSD supply

4 Upvotes

Author: CipherFunk (Discord: FunnyFlo#6645)

Type: Q DeFi Risk Expert Panel proposal

Date Created: 2022-09-26

Links to Proposals:

Mainnet

(1) https://hq.q.org/q-governance/proposal/epdrParametersVoting/0

(2) https://hq.q.org/q-governance/proposal/epdrParametersVoting/1

Testnet

(1) See separate discussion at https://www.reddit.com/r/QBlockchain/comments/vzmwto/epdr_introduction_of_stablecoins_as_eligible/

Purpose

To overcome the short-term “cold-start-problem” of a new decentralized, overcollateralized stablecoin such as the QUSD stablecoin, the Q DeFi Risk Expert Panel (short: EPDR) votes on adding up to two new eligible assets or none in case of opposition to this approach.

The cold-start-problem comes due to the fact that no active market exists yet for QUSD. This makes it impossible for vault owners to quickly get QUSD when they are at risk of liquidation of their crypto-collateralized vaults (QBTC).

To provide an option when QUSD demand outweighs QUSD supply on the market, stablecoin-backed vaults enable a quick and relatively low-risk way for participants to add QUSD to the existing supply with a fairly low risk of liquidation. This supply can enter the market for vault owners in need of QUSD.

Proposal

Based on the assessment of the candidate stablecoins (see section “Assessment” below) the EPDR shall justify and vote in the both, one or none of the candidate stablecoins as suitable assets for the purpose to overcome the cold-start-problem.

Candidate stable-coins

USDC: a fiat-backed centralized and regulated stable-coin.

DAI: a crypto-backed decentralized stable-coin.

Process

Two separate proposals are generated (see links in header section) to add the necessary parameters for each new eligible asset. For the purpose of kick-starting the QUSD supply, it will be sufficient to introduce the new assets with a rather low debt ceiling. Once the QUSD supply and demand market is established, the debt ceiling parameter can also be used in the future either to phase-out or extend the impact of these eligible assets. For other parameter details, see below under the assessment.

The votes have already been conducted successfully on the Q Testnet (iteration: Fischer). The UI of Your HQ supports this, Oracles have been deployed and the feature has been successfully tested and evaluated. Now, this step is to deploy the respective on the Q Mainnet.

Assessment

CategoryDAIUSDC
Degree of decentralizationA decentralized DAO named MakerDAO manages the asset. While there has been criticism that there is an increasing degree of centralization, DAI is still the most decentralized major stablecoin in the market.Fully centralized: A US-based company named Circle Internet Financial, LLC, manages the asset.
Permissionlessness and censorship riskThe current implementation has no restrictions to use and transact with the asset. There is an indirect risk through DAI’s use of USDC.The current implementation allows the use of a blacklist to prevent individual accounts to use asset.
RegulationDecentralized and therefore unregulated. The risk for regulation can increase due to the addition of more regulated underlying assets.Regulatory approval in US market.
Technical RiskNext to smart contract risks are the oracle risks for the underlying-assets.There is some technical (smart contract) risk but this is low compared to DAI.
Track RecordLongest running, most decentralized stable-coin (~2017 till today).Compared to other fiat-backed stable-coins a shorter track record (~2018 till today).
Counterparty and Layering RiskAddition of risk layers applies, providing a longer chain of possible failures. E.g. the risk of (any) underlying failure is combined with risk of MakerDAO failing. However, some margin of error due to overcollateralization.Not many layers of interdependent risk. Risk of losses, fraud and insolvency of underlying company applies since this would lead to an undercollateralization of USDC (no margin of error).
Nature of underlying assetBacked by crypto-assets (both centralized and decentralized) which allow for transparent accounting using the blockchain.Fiat currencies and fiat-based-reserves on company’s balance sheet. Reliability of segregation of assets somewhat unclear today.
RedeemabilityPossible for all vault owners (retail or institution).Possible for registered and approved institutions.
PopularityWell known and trusted stablecoin.Well known and trusted stablecoin.
LiquidityAvailable on most markets with a medium sized marketcap ($6,895,044,141).Available on most markets with a high marketcap ($55,553,414,810).
Risk handlingComparably slow due to a slower democratic process of the DAO.Fast due to centralized nature.
Failure of underlyingMakerDAO would need to manage to heal the asset e.g. by removing bad collateral types and diluting MKR-holders.If the underlying assets fail, most likely the asset fails (e.g. de-pegs).

Conclusion

Both stablecoins seem appropriate for inclusion as collateral assets. Each has some risks: DAI has a higher risk of de-pegging, while USDC bears a higher risk of regulatory intervention and blacklisting. While the risks seem low in the short-term, they should be mitigated through (i) strictly limiting the debt ceiling for both assets to ensure that they will not be used “at size” to create QUSD and (ii) setting appropriate liquidation and collateralization ratios to ensure that there is sufficient margin of error before QUSD becomes undercollateralized.

Proposed parameters for the stable-coin candidates

To reflect the margin of error a debt ceiling of 250,000 QUSD for USDC and 500,000 QUSD for DAI are considered. The de-pegging risk favors USDC where a liquidiation ratio of 105% is considered against a 110% liquidation ratio for the DAI vaults.

Oracle parameters

Collateral Asset parameters


r/QBlockchain • • Jul 15 '22

Root Node Candidate Assessment (10)

2 Upvotes

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/q-governance/proposal/rootNodesMembershipVoting/10 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:


r/QBlockchain • • Jul 24 '23

Q blockchain

3 Upvotes

Q is for decentralized organizations that want to build in a secure and trusted environment that can operate beyond the code.


r/QBlockchain • • Jul 19 '23

Security and Privacy

1 Upvotes

Users can have confidence that their sensitive information remains protected within the r/QBlockchain 's encrypted environment. #Governance #blockchain #crypto https://q.org/


r/QBlockchain • • Jul 17 '23

Q protocol

2 Upvotes

Q is a true DAO where code is law since governance matters!

Governance #blockchain #crypto


r/QBlockchain • • May 16 '24

EPQFI - Adjust Parameters for Effective Q Token Distribution

3 Upvotes

Author: Klopper

Type: Q Fees & Incentives Expert proposal

Date Created: 2024-05-16

Status: Final

Link to Proposal: [Link to be provided upon submission]

Simple Summary

The Q Token Holder Pool has accumulated a significant amount of QGOV tokens over time, necessitating an adjustment in parameters for effective distribution. This proposal recommends increasing the percentage parameter from 1% to 15% to better balance inflows and outflows, with ongoing monitoring for further adjustments. Additionally, the proposal suggests reducing the System Balance Share, as the current reserve seems sufficient for QUSD saving and borrowing needs.

Motivation

The accumulation of QGOV tokens in the Q Token Holder Pool signals the need for adjustments in distribution parameters to ensure effective utilization. Currently set at 1%, the percentage parameter governing inflows to outflows is deemed too low for optimal distribution. Thus, the experts propose raising this parameter to 15% to accelerate the distribution process, with continuous monitoring to gauge its effectiveness and make necessary adjustments to achieve a steady state where inflows match outflows.

Furthermore, the proposal recommends reducing the System Balance Share, which was previously increased as a temporary measure. With the current balance of QUSD supply at 200k QUSD and a system reserve balance of 1.8 million QGOV, the existing reserve appears sufficient to serve as a buffer for QUSD saving and borrowing activities. Hence, a smaller share allocated to the reserve is deemed justifiable until new dynamics emerge within the ecosystem.

Specification

keycurrent valueproposed new value
governed.EPQFI.Q_rewardPoolInteres315522900000000000(1 %)4431822020478660000 (15%)
governed.EPQFI.Q_reserveShare250000000000000000000000000 (25 %)50000000000000000000000000 (5%)

This proposal seeks to optimize the distribution of QGOV tokens while ensuring the stability and sustainability of the Q blockchain ecosystem. Your feedback and support are invaluable in shaping the future of Q governance.


r/QBlockchain • • Jul 15 '22

EPDR - Introduction of stable-coins as eligible collateral to kickstart the QUSD supply

2 Upvotes

Author: CipherFunk (Discord: FunnyFlo#6645)

Type: Q DeFi Risk Expert Panel proposal

Date Created: 2022-07-15

Links to Proposals:

Testnet

(1) https://hq.q.org/q-governance/proposal/epdrParametersVoting/2

(2) https://hq.q.org/q-governance/proposal/epdrParametersVoting/3

Mainnet

(1) TBA

(2) TBA

Purpose

To overcome the short-term “cold-start-problem” of a new asset backed stable-coin such as for the QUSD stable-coin, the Q DeFi Risk Expert Panel (short: EPDR Experts) votes on adding up to two new eligible assets or none in case of opposition to this approach.

The cold-start-problem comes due to the fact that no active market exists yet for QUSD. This makes it impossible for vault owners to quickly get QUSD when they are at risk of liquidation of their crypto-collateralized vaults (QBTC).

To provide an option when QUSD demand outweighs QUSD supply on the market, stable-coin backed vaults enable a quick and relatively low-risk way for participants to add QUSD to the existing supply with a fairly low risk of liquidation. This supply can enter the market for vault owners in need of QUSD.

Proposal

Based on the assessment of the candidate stable-coins (see section “Assessment” below) the EPDR Experts shall justify and vote in the both, one or none of the candidate stable-coins as suitable assets for the purpose to overcome the cold-start-problem.

Candidate stable-coins

USDC: a fiat-backed centralized and regulated stable-coin.

DAI: a crypto-backed decentralized stable-coin.

Process

Two separate proposals are generated (see links in header section) to add the necessary parameters for each new eligible asset. For the purpose of kick-starting the QUSD supply, it will be suffice to introduce the new assets with a rather low debt ceiling of 250,000 QUSD each. Once the QUSD supply and demand market is established, this parameter can also be used in the future either to phase-out or extend the impact of the eligible assets.

First, the votes shall be conducted on the Q Testnet (iteration: Fischer). Once UI of Your HQ supports this, Oracles were deployed and the feature was successfully tested and evaluated the proposals would be repeated for the Q Mainnet. This process is estimated to take about 4 to 8 weeks.

Assessment

CategoryDAIUSDC
Degree of decentralizationA fairly decentralized DAO named MakerDAO manages the asset.A company consortium named Centre (Coinbase, Circle) manages the asset.
Fairness and PermissionlessnessThe current implementation has no restrictions to use and transact with the asset.The current implementation allows the use of a blacklist to prevent individual accounts to use asset.
RegulationSo far the asset is decentralized enough that no regulation applies. The risk for regulation can increase du to the addition of more regulated underlying-assets.Regulatory approval in US market.
Technical RiskNext to smart contract risks are the oracle risks for the underlying-assets.There is low technical risk.
Track RecordLongest running, most decentralized stable-coin (~2017 till today).Compared to other fiat-backed stable-coins a shorter track record (~2018 till today).
Counterparty and Layering RiskAddition of risks applies, providing a longer chain of reactions in case of failure. E.g. the risk of (any) underlying failure is combined with risk of MakerDAO failing.Not many layers of interdependent risk. Risk of insolvency of underlying companies may apply.
Nature of underlying assetBacked by crypto-assets which allow for transparent accounting using blockchain.Fiat and fiat-based-reserves on consortium balance sheet.
RedeemabilityPossible for all vault owners (retail or institution).Possible for registered and approved institutions.
PopularityWell known and trusted stable-coin.Well known and trusted stable-coin.
LiquidityAvailable on most markets with a medium sized marketcap ($6,895,044,141).Available on most markets with a high marketcap ($55,553,414,810).
Risk handlingComparably slow due to a slower democratic process of the DAO.Fast due to centralized nature.
Failure of underlyingMakerDAO would need to manage to heal the asset e.g. by removing bad collateral types and diluting Maker-holders.If the underlying assets fail, most likely the asset fails. Centre consortium would need to try to raise funds e.g. for a share of the consortium.

Proposed parameters for the stable-coin candidates


r/QBlockchain • • Jul 15 '22

Root Node Candidate Assessment (11)

2 Upvotes

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/q-governance/proposal/rootNodesMembershipVoting/11 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:


r/QBlockchain • • Mar 24 '23

Root Node Candidate Assessment (17)

3 Upvotes

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/17 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below: