The QQ token address is 0xc53e95c8e6aa271d70cdc6b5e190658f4478965c (Arbitrum).
QQ is the platform's utility and governance token.QIQ wouldn't exist without the QQ token. It acts as a mechanism of liquidity efficiency which helps us capitalise on our resources and offers the best trading experience - as well as returns for those participating in the ecosystem.
- It supports the liquidity efficiency of the USDC vault, allowing the USDC to remain within the pool. This adds stability by reducing the USDC vault drawdowns and supporting its over-collateralization.
- It can be burned when the USDC vault becomes sufficiently overcollateralized to offer a suitable buffer for the USDC vault stakers.
- It is a backstop to traders winning on QIQ, as QQ can be minted to recollateralize the USDC vault.
- It is going to be one of the main ways to govern protocol.
How to get QQ tokens?