As of November 12th, trading on Quanto will halt as we take time to transition into a new product suite.
All open positions and pending orders will be closed and canceled at 05:30 UTC.
This also means QTO debt will be settled; the settlement price of all QTO debt will be $0.0012.
After trading halts, the site will be live with full withdrawal functionality at https://t.co/p7Eq05AFLO, allowing users to claim deposits.
This is a strategic decision to rebuild the product into a more sustainable model with stronger product market fit.
Despite the attention Quanto received over the past four months, platform volumes and user growth have remained below expectations.
Even with innovative features such as multi-collateral trading, NFT & LP collateralization, and memecoin perpetuals, adoption did not reach the level needed for long-term scalability.
The decision follows a period of review in which we observed strong community engagement but limited trading retention and liquidity depth, prompting a pivot toward a design that better aligns incentives between traders, LPs, and token holders.
We remain committed to the vision of bringing the most flexible exchange model available to the industry.
The team remains available at:
Twitter: @quanto
Support: https://t.co/ZmZGWTaLLq
Discord: https://t.co/mQq4fT76ha
We sincerely thank every trader, supporter, and partner who’s been part of the journey.
More updates to come.
Thank you.
Note: During the processes outlined above there may be some downtime.
At Quanto, our priority is to maintain a fair and efficient trading environment. While trader profitability benefits active participants, we recognize this can influence the broader token economy.
Quanto’s traders have continued to earn QTO through platform activity, all transparently reflected on the QLP page. To ensure the protocol remains consistent and sustainable, 45M QTO will be transferred from the Treasury to the Custody wallet for user withdrawals.
An additional 50M QTO will been sent to investors for a live-token raise, bringing the total movement to 95M QTO.
We remain committed to balancing trader incentives, tokenholder alignment, and long-term ecosystem health through responsible treasury management and clear disclosure.
In light of this, the team is actively evaluating the protocol tokenomics structure to ensure the protocol and token economy has continued longevity. More updates on future changes as soon as possible.
Full post:
https://t.co/VaGqLHWaEo
On Monday afternoon, quanto experienced downtime due to a core infrastructure provider blackout.
This was not a software bug, a hack, or a platform-run liquidity issue. It was a service blackout that took the entire platform offline, resulting in site inaccessibility.
The team spent 72 hours in a non-stop effort engaged with our provider to bring the platform back online.
This was purely a web-related infrastructure issue.
Funds and account data were not lost or compromised by this external event.
The platform is back up, our entire team is focused on ensuring the platform is stable and addressing the side effects of the restore.
Thank you.
Update: The server remains down, and we're currently doing what we can to recover them.
We understand this has caused inconvenience and apologize for this sincerely.
We're diligently continuing to work on a solution.
Please bear with us longer as the issue remains unresolved.
Our sincerest apologies for any inconveniences caused, more clarification on the server issues will be provided as soon as possible.