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Qilin Protocol 7th Community Meeting: Exploring how Qilin became a pioneer in crypto derivatives trading

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The Qilin Protocol V1 main-network contract will be redeployed next week

Qilin Protocol held its seventh community meeting on June 24th, at which it discussed how Qilin will strive to be a pioneer in crypto derivatives trading.

The summary of this meeting is as follows

1. Special notice: The V1 main network contract will be redeployed next week (June 30).

2. Liquidator problem, that is, fees that originally belong to the liquidator are given to the liquidee, which is caused by the modification of USDC accuracy.

3. Rebase Funding Rate needs to be readjusted to be discussed and decided.

4. Start to develop V2 main network UI and test the V2 contract.

Topic: How did Qilin grow into a pioneer in crypto derivatives?

The ultimate goal of Qilin is to become an information layer on which other projects can iterate and build without permission.

1. We will use the TMAP feed of Uniswap V3 as a predictor for Vanilla and Direction trading.

2. The benefit of TWAP is that it is generated by decentralized spot transactions, making it a blockchain native predictor. This means that all of our transactions are permission-free, because all we need is a TWAP.

3. Create trust for crypto derivatives transactions by extending the information layer.

4. Realize the core function of derivatives -- risk hedging in the crypto market in a true sense.