DeFi has become the future destination for many crypto projects, because of its advantages and a noticeable demand from investors.

Recently, it was announced that the “Qtum” crypto project has entered the decentralized finance arena through its new product, which is the launch of the “Qtum” platform.QiSwap“.

QiSwap is the first automated market maker (AMM) protocol.

QiSwap offers Uniswap-like features, which means allowing users to easily exchange QTUM and QRC20 cryptocurrencies with liquidity, and the ability to take full advantage of extremely fast transactions with minimal transaction fees.

After completing several stages of successful trials and testing, QiSwap officially migrated to the Qtum blockchain on November 13.

QiSwap initially supports QTUM-QC as the only trading aggregator.

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But over the coming weeks, the project team plans to expand the range of trading pairs available, initially providing the following options “QTUM-QBTC”, “QTUM-QETH” and “QTUM-QFIL”.

QiSwap will allow users to create pools of QRC20 and set their initial liquidity.

Other users will be able to get liquidity from or join liquidity providers.

The liquidity providers will get returns from any exchanges made on the pools for which they provide liquidity, thus presenting a passive income opportunity for holders of “Qtum” and “QRC20” coins.

The new platform “QiSwap” has a governance digital currency “Qi” that will be made available equitably and without an initial sale by distributing it free of charge to participants in the testing phases of the “QiSwap” platform.

Qi, as the original governance currency, holders will be able to vote on important governance proposals published by the QiSwap administration, helping to develop the platform in a decentralized manner.

Qtum Recent Updates:

The announcement of the new platform “QiSwap” is among the most prominent major updates to “Qtum”, the most recent of which was the offline stacking and quota upgrade, which was launched last August.

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For those who are wondering about how staking and offline stakes work, they delegate their digital currencies to nodes that work over the Internet through hardware wallets and run their “Super staker” node to earn rewards resulting from securing the network without any security risks, which helps to enhance participation in network significantly.

The Qtum project recently added Google’s cloud storage service as a development partner, which will allow users to easily deploy a full node using a virtual machine hosted on Google’s cloud platform.

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