{"title": "QU!D", "logoImg": "bafkreifp3uxmpgir3xlh6g5jw7f7ka65jgatna4bmmafdck4xxklg7zvv4", "website": "https://quid.io", "bannerImg": "bafkreiejgdclssvzjxs6wyq6xow26chv3re2pgg4rtfdubgk2eqoxui5gi", "createdAt": 1722540677911, "userGithub": "johnquid", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..hR60ekr2210d7dUdGPeSB186hNjj5dv3cEqpEqkCRaK2CjaxoFIS1DtCHS3rcmPYkYku1XTUpsxWhTY-2rmGDw", "type": "Ed25519Signature2018", "created": "2024-08-01T19:30:56.385Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-01T19:30:56.385Z", "expirationDate": "2024-10-30T19:30:56.385Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x42cc020Ef5e9681364ABB5aba26F39626F1874A4", "hash": "v0.0.0:h8lh0Xh2Qff1GSOrSHO+KfURmvXzGOTdGFEoN7rQTYo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#QuidMint"}}}, "description": "A bespoke insurance protocol which aims to connect the largest Uniswap pools on Polygon, Arbitrum, and mainnet to a new Eigen-based BTC bridge.\n\nThe protocol uses a utility token, QD,\nwhich is redeemable in the future\nfor a dollar's worth of protocol assets.\nIt allows receiving rights to yield upfront\n(and potentially re-selling them instead \nof waiting for maturity).\n\nThe token is distributed at discount,\nstarting at 50 cents. This happens\nover the course of a 43-day event\ncalled the \"discount window\". \n\nThe funds collected during this\nincentivised launch insure ETH and /\nor WBTC against price drops.\nWe are working on enabling\nan Eigen-based bridge to be\ninsured while operators are\nin charge of a BTC multi-sig,\n(ETH contracts do SPV proofs).\n\nWhile insured by the contract\ntokens are also deployed as LP\ncapital in the largest Uniswap\nV3 pool (auto-compounded,\nfees retained for backing QD).\nThe range for the protocol-owned\nLP deposit is also continuously rebalanced.\n\nCoverage dilutes QD's realisable\nyield, distributed as a function of\none's ROI relative to the average.\n\nThe total $ value of tokens\ninsured cannot exceed the $\nstaked as insurance capital,\nand the total coverage that\nis carryable is also capped.\n\nA stake-weighted median of\ninsurer votes forms what %\nis deductible (half will get\ncharged upfront, half on\n\nwithdrawal if an insured\nevent is triggered). An\ninsured event is a price\ndrop of 2 x deductible %.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "QuidLabs", "projectTwitter": "QuidMint"}