About Qubit
Qubit is Mound’s innovative DeFi lending protocol that is optimized to deliver lending as a utility for the BSC. With zero withdrawal fees, Qubit not only reduces the cost of lending and borrowing for retail users, it also enables PancakeBunny and other BSC yield aggregators to employ leveraged strategies to maximize Single Asset returns. Qubit is also committed to supporting vertical integration of code review for PancakeBunny and other farming platforms to enhance BSC ecosystem security, as well as to avoid the destabilizing impact on Layer 2 services of disorganized migrations on Layer 1. Once the Qubit launch has established a steady equilibrium, we expect to launch a wide spectrum of derivative products (such as margin trading) shortly thereafter.
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Market Stats
Market Cap
Not enough data
FDV
S$207.70K
Circ. Supply
Not enough data
Max Supply
1B QBT
Total Supply
1B QBT
Total Value Locked
S$28.46K
Diluted Valuation
S$207.42K
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
S$7.78
95.71%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
S$0.73
Price Change (1Y)
Not enough data
26.3%
Additional details
Market details
QBT vs markets
↘ 20.11%
QBT vs BTC
↘ 21.18%
QBT vs ETH
↘ 16.7%
Tags
mvb
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x17B7163cf1Dbd286E262ddc68b553D899B93f526 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$0.000208 | |
1 Day | S$0.000206 | |
1 Week | S$0.000273 | |
1 Month | S$0.000253 | |
1 Year | S$0.000296 |
FAQ
Qubit (QBT) is a decentralized money market platform that leverages the blockchain's speed, automation, and security to efficiently and securely connect lenders and borrowers.
According to the whitepaper, Qubit aims to make the currency market a safe commodity for the entire BSC ecosystem. Therefore, Qubit does not charge withdrawal fees that hinder the innovative application of more complex leverage strategies on BSC. Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications.
Qubit seeks to promote ecosystem security for BSC. Qubit does this in two ways. First, Qubit does not support flash loans, which removes one of the platform's major sources of insecurity in the entire ecosystem. Second, the Qubit team completely supports vertically integrated code reviews and full-stack audits for all listed projects based on the Qubit platform.
Interest rates for liquidity providers (lenders) and borrowers are calculated based on usage rates. For example, according to the formula, if the utilization rate is A%, the lender gets an interest rate of X%, and the borrower pays an interest rate of Y%.
QBT is a BEP20 token and the governance token of the Qubit protocol. The participation of lenders and borrowers is an important part of the Qubit protocol, and as such, QBT is minted and distributed to all participants in Qubit. 57% of the total QBT supply is allocated to liquidity providers as rewards. Mining can take place over 12 months, with 5% of the total supply paid monthly to liquidity providers.
Qubit is recent in Mound's growing suite of products to increase the PancakeBunny ecosystem. As a yield aggregator, PancakeBunny leverages all the advantages of Qubit to provide a good yield on-chain for single asset liquidity.
The total supply of Qubit tokens is one billion QBT coins.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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