QIP-3: The first community vote of QUSD for new collateral assets listing【Ended】

qip: QIP-3
title: The first community vote of QUSD for new collateral assets listing
author: Community developers
* discussions-to: N/A
status: WIP
created: 12/9/2020
* updated: 12/10/2020
* requires: No
* resolution: Vote on Snapshot

Brief Summary

In order to effectively increase the circulating supply of QUSD and the members of QIAN community. QIAN will hold the first community vote for new collateral assets token listing.


The QIAN community will hold the first vote for new collateral assets token listing. In this proposal, the community developers will explain the reason, function, organizational process and time limit of this vote, for establishing a standard procedure for further votes.


The circulating supply of QUSD is affected by factors such as the type of underlying crypto assets, mining revenue, and usage scenarios, among which the type of underlying crypto assets is undoubtedly the most important.

Recently, our community partners like REN and CAKE have made proposals to establish cooperation, community member Dominator008 also suggested adding ETC assets on BSC, community KOLs like Cao Yin proposed to add assets such as WBTC.

Therefore, it is necessary to carry out the very first community vote to promote the listing of more new collateral assets token, the circulating supply of QUSD and the growth of community members.

Event Process

In order to help QIAN community members as well as those who care about and want to understand the voting rules for listing new collateral assets in QIAN protocol, we propose the following procedure:

Forum proposal and opinion collection


Select the candidate token for this round of listing and proceed the formal vote


  1. All community members can table your proposal of token listing in this post, but the token name and contract address are necessary.

  2. If you represent a project or community, please introduce it and offer some rewards if possible, to attract more community members to allow vote.

  3. Once the 72-hour proposal discussion ends, the forum administrator will make statistics, and all qualified tokens will get the chance to enter the formal voting.

  4. Note that if the contract logic of a token conflicts with the QUSD minting method of QIAN, it will lose the chance to be listed, the conflicts including but not limited to transfer deduction fee, deflation mechanism, rebase, etc.

Listing Requirements

In order to guarantee the basic quality and security of token listing, reserve token of QIAN protocol must have sufficient transaction liquidity and not easy to be manipulated by the market whales to ensure the security of QUSD and other stablecoins of QIAN protocol. The proposed token must meet the following requirements:

  1. If it is a project token or community token, it must have be listed on a well-known exchange, limited to Coinbase, Binance, Huobi Global, OKEx, Upbit, Bitfinex, Bittrex, Gate.io, Kucoin, CoinEX, Kraken, BitMax, FTX, bitFlyer;

  2. If it is a project token or community token, it must meet the requirement that within 15 trading days before the post is published, the daily trading volume is greater than 10,000 USD, and the price fluctuation range is less than 50%

  3. If it is a cross-chain token of mining coins like BTC, FIL, etc. It must have a circulation of more than 1 million USD value equivalent tokens and a reliable method to verify the asset reserves;

  4. If it is a stablecoin, it must have a circulation of more than 1 million USD equivalent tokens and a reliable method to verify the asset reserves;

  5. Algorithmic stablecoins, like stablecoin with rebase logic, have no chance to join this listing event;

  6. Passed the contract code verification of Etherscan, BSCscan, and other blockchain explorers, and can provide code audit reports of well-known audit institutions with community consensus.



Select the token that meets the benefit of QIAN community from the official voting candidates, and officially launch as pledged assets


  1. The core development team will initiate a formal vote on QIAN's governance voting system.

  2. This vote adopts the "vote out mechanism". Community members vote for the token that they oppose listing, and the top 20% tokens with the highest number of votes will be disqualified from listing.

  3. For example, a total of 7 tokens were selected for voting, of which 5 tokens were voted for out. Since 7 × 20% = 1.4, the approximate value is 2, so the top 2 tokens with the most against votes will be disqualified for this round of listing.

  4. There is another vote option: "support all the above tokens". If this option gets more than 80% of the votes, or no token gets against vote, all candidate tokens can be listed.

  5. Tokens that are disqualified in this round can join in the next round of listing vote without going through the forum discussion.

  6. Time duration: 48 hours

Parameter settings for minting rewards

For minting rewards, the underlying crypto assets will be divided into three levels:

  1. Ranked in CMC top 50 or CoinGecko top 50, it is set to the same minting reward parameters as HBTC or USDT-BSC according to Ethereum and BSC networks;

  2. Ranked in CMC top 100 or CoinGecko top 100, according to different networks, it is set to the same minting reward parameters as YFII or LINK-BSC;

  3. Ranking below CMC top 100 or CoinGecko top 100, according to different networks, it is set the same minting reward parameters as YFI or ADA-BSC;

New token minting reward duration

According to the logic of KUN token distribution and contract settings, the minting reward of new tokens will last for three to six months. The community development team will explain through a forum post when the token minting reward is launched.

Copyright Waiver

Abandon all copyright and related rights through CC0

KUN holders who is interested in participating in this vote, please register for KUN lock-up before 2:50 pm on December 21, 2020, Singapore time. The voting will be online at 3:00 pm on December 21, 2020, Singapore time

Vote on Ethereum network

Vote on BSC network

Please refer to the QIAN governance voting method: Guide to QIAN Community Governance Voting

1 Like

Suggest to list the following assets:


renBTC, renBCH, renZEC

renBTC, renBCH, and renZEC are decentralized BTC, BCH, and ZEC cross-chain tokens launched by Ren project. They have high popularity in the DeFi world. The contract addresses of the three assets are as follows:

renBTC: https://etherscan.io/token/0xeb4c2781e4eba804ce9a9803c67d0893436bb27d

renBCH: https://etherscan.io/token/0x459086f2376525bdceba5bdda135e4e9d3fef5bf

renZEC: https://etherscan.io/token/0x1c5db575e2ff833e46a2e9864c22f4b22e0b37c2


tBTC is the decentralized BTC ERC-20 token issued by Keep network, tBTC has high global popularity, and the cooperation between the two projects will help increase the influence of the QUSD Ethereum version among global users.

tBTC contract address: https://etherscan.io/token/0x8dAEBADE922dF735c38C80C7eBD708Af50815fAa


CRV is the governance token of Curve and a high-quality asset in the DeFi world. QUSD has passed the community listing vote of Curve, but Curve has not yet carried out technical docking work. By listing CRV, it may have a boosting effect cooperate with Curve.

CRV contract address: https://etherscan.io/token/0xD533a949740bb3306d119CC777fa900bA034cd52


Ren is the project token of Ren Project, and it meets the QUSD listing standards in terms of market value, number of holders, popularity, and community activity.

Ren contract address: https://etherscan.io/token/0x408e41876cccdc0f92210600ef50372656052a38



CAKE is the governance token of Pancake. Binance has listed CAKE. The token's liquidity and transaction depth are guaranteed. If QUSD adds CAKE as the underlying minting asset, there will be one more CAKE usage scenario for Pancake users. This will also help the two communities to cooperate deeply.

CAKE's contract address: https://bscscan.com/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82


Burger is the governance token of BurgerSwap. At present, the Binance Smart Chain holds a Burger token address of 14,678, and this token is listed on the main Binance site. It has good liquidity and has a large number of users. It is a high-quality asset of the BSC network. So, it is recommended to list Burger, QUSD can conduct in-depth cooperation with BurgerSwap to jointly expand the DeFi ecosystem of BSC.

Burger contract address: https://bscscan.com/token/0xae9269f27437f0fcbc232d39ec814844a51d6b8f


The reason is the same as above. Ren project released the BEP-20 version of renBTC. the token has just been deployed to the BSC network. At this time, the cooperation between the two projects is announced, which will help popularize QUSD among the user base of Ren project, so it is recommended to list renBTC BEP-20 version.

renBTC BEP-20 contract address: https://bscscan.com/token/0xfce146bf3146100cfe5db4129cf6c82b0ef4ad8c#balances


Nice list of proposed assets to add! :sunglasses:

I suggest list HUSD as collectral on Ethereum


MarketCap:244M USD
Ranking: #73
liquidity: Huobi, FTX, Curve, Uniswap, Mooniswap
DeFi: CREAM, ForTube,harvest, 88mph,YFII


1.Lower the sysmetic risk of existing stablecoins


  1. User Diversity
    Since the users behind USDC, USDT and HUSD are different, adding new asset can attract new users to qian.finance.