Qubit Important Update Notice 10/26

TL;DR

• BSC QBT rewards distribution back to normal levels (4.5% → 3.0%)
• Increased QBT collateral price upper limit (bound) to $0.15 (from $0.10)

FYI

• Klaytn Borrow Market not available upon launch (planned)
• KQBT claim not available upon launch (will open later)

Dear Qubitians,

After successfully launching Qubit on the Klaytn network, here is a small gist of updates and changes made with the deployment.

BSC QBT Rewards Distribution

As mentioned in the previous update article, QBT rewards distribution is now back to normal levels for BSC (4.5%→3.0%).

Team Qubit has maintained this temporary 50% boost in rewards distribution before actual network expansion so, they will be normalized for both active Networks.

QBT Collateral Ratio Change

With the recent price hikes, QBT collateral price upper limit is now bound to a maximum of $0.15 (from $0.10).

Klaytn Network Notice

Please be notified that with Qubit’s expansion to a new network; Klaytn, some features are not available at launch. Qubit on Klaytn Borrow Market are not available (blacked out) and, claiming KQBT will be available later when we have secured enough liquidity.

About Qubit
Lend to Ascend — Borrow for Tomorrow
Qubit is Mound’s innovative DeFi protocol for a secure money markets platform, optimized to deliver Lending-as-a-Utility service.

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