Under-Explored Quantum Ecosystems #2 - @QuantusNetwork
Quantus has no smart contracts but an ecosystem formed around it anyway.
The secret sauce behind almost every defi-related thing you can do in the ecosystem, is powered by @NEARProtocol.
Let's take a look ββ
________
Part one was @QRLedger, a chain that has run on hash-based signatures since 2018.
This one's is a much younger chain with a very different ecosystem built on top.
Quantus is:
- a PoW L1 built only yo move money
- mainnet genesis went live September 9th this year
- every transaction on the chain is signed with ML-DSA; ML-DSA-87 for new wallet accounts, and ML-DSA-65 is also supported.
- it has no smart contracts, by design
- $QTC is the only native asset
So what could grow on a chain built only to move money?
1. An Ordinals-style protocol on a chain without smart contracts: @qlyphsxyz
Since tokens cann't be launched on iQuantus, Qlyphs got around that the way Ordinals did on Bitcoin. Their rules, QLYP-v1, ride on normal QTC transfers, and their indexer reads the whole chain to keep track of who owns which token.
That one idea grew into an economy:
- there are Quarks, numbered one-of-one pieces stored inside transactions since 9 Oct
- there's a launchpad where 0.03 QTC starts a token on a bonding curve, and it graduates to a NEAR pool once the curve fills at 210 QTC
- on top of that, they built a wallet, a Telegram bot and an OTC desk.
The catch is that the chain doesn't know these tokens exist, so your balance depends on Qlyphs' servers, not Quantus.
@Quantinals_ runs another inscription protocol like this, with $QNTS on the trust model.
2. DeFi lives on NEAR
Since Quantus can't run DeFi itself, QTC goes to NEAR for it as a wrapped token. It first traded there on 6 Oct through @near_intents, which now handles swaps from 180+ assets inside the official Quantus wallet and has passed $50M in Quantus volume.
.@rhea_finance added a QTC/USDC pool, the first QTC lending market at up to 60% LTV, and a Quantus-NEAR bridge.
.@MeteorWallet, @auroraisnear and @InstaSwap_io give people more ways to swap in and out.
The bridge between quantus and near is still being built. Also, once QTC leaves Quantus, it loses the chain's post-quantum protection and is only as safe as wherever it sits.
3. The wallet race
For a money-only chain, the wallet is the app. There are already several:
- the official Quantus wallet with in-app swaps and about 16K installs
- Quantus cold wallet which turns an offline android phone into a QR signer
- @KeystoneWallet 3 signs Quantus transactions through firmware
- @Qkeep_app a community wallet
- Qlyphs wallet
4. Mining
In two months, 20 named pools have started mining QTC, including @KryptexMining, @HeroMinerss, @f2pool, @pool2miners and LuckyPool.
But look in the last 24 hours:
- Kryptex mined 60.0% of blocks (3,530 of 5,880)
- LuckyPool only 10.4%
- HeroMiners: 10.1%
- Unattributed: 16.5%
- F2Pool: 0 blocks
5. Explorers and tools
- quantus explorer and an open-source indexer (official)
- qtcscan: community explorer from the Qkeep team, with free JSON data on pools, supply and vesting
- Quantum Resistance Renaissance: a solo builder's hub of ~47 browser tools
- @miningchamp tracks Quantus pools and hashrate
I haven't personally expereinced the community but if i missed anything, pls let me know
π InstaSwap Γ @Dashpay $1,000 DASH Giveaway: winners are in!
10 winners, $100 in DASH each. Check the list π
Thanks to everyone who swapped π
π $1,000 DASH Giveaway with @Dashpay
β’ Swap to/from DASH on InstaSwap, min $100, Oct 21βNov 4
β’ Follow @InstaSwap_io + @Dashpay, like & RT
β’ Enter: https://t.co/JAsGbe9qdz
1 swap = 1 entry (max 10). 10 winners Γ $100 in DASH on Nov 5.
π $1,000 DASH Giveaway with @Dashpay
β’ Swap to/from DASH on InstaSwap, min $100, Oct 21βNov 4
β’ Follow @InstaSwap_io + @Dashpay, like & RT
β’ Enter: https://t.co/JAsGbe9qdz
1 swap = 1 entry (max 10). 10 winners Γ $100 in DASH on Nov 5.
π $1,000 DASH Giveaway with @Dashpay
β’ Swap to/from DASH on InstaSwap, min $100, Oct 21βNov 4
β’ Follow @InstaSwap_io + @Dashpay, like & RT
β’ Enter: https://t.co/JAsGbe9qdz
1 swap = 1 entry (max 10). 10 winners Γ $100 in DASH on Nov 5.
Alright we're back in Hong Kong for Fintech Week and as per usual, co-hosting an investor roundtable with the partners at @vntrcapital , featuring our portco @InstaSwap_io as a sponsor. Investors, join in for the most vetted side event for Fintech Week