Published Feb 24, 2023
By Qredo Team
Qredo Roadmap Update February 2023
2023 H1: The start of a big year for Qredo
Greetings Qredonians!
As we reflect on the past year, we are thrilled to share that we have made great strides in our growth and maturity as a company. We are excited to have reached a milestone of 200 employees, and we have worked hard to develop and strengthen our operations and security practices.
We are proud to have received two of the leading certificates in our industry - SOC 2 Type 2 and ISO 22301. These certifications demonstrate our commitment to maintaining the highest standards of security and operational excellence, which is of paramount importance to us. Look out for more announcements on these certifications coming soon on our blog.
We have also made significant progress under the hood, with our protocol moving on-cloud, and trusted execution environments securing the operations of our validators and dMPC nodes.
This has resulted in significant improvements in user experience, with daily signing and key generations being up to 2/3x faster. We are proud to have achieved these performance improvements, an important step in the development and scale out of our services.
As we look forward to the future, we are excited to share that we have been working on a new version of the platform. This has been a company-wide effort, and we are excited to now be mere weeks away from releasing it.
This new version of the platform will serve as the foundation for our next wave of features and user growth.
In the next section, we will outline what you can expect from the new release and some of the features that will follow. We are confident that these developments will continue to allow us to provide the best in secure self-custody solutions to the wide blockchain ecosystem, and we are grateful to have you as a part of our community and journey.
Thank you so much,
Qredo CPO Gabriele Farei
In progress at Qredo
At Qredo, we want to share the exciting features to which we are currently putting the finishing touches for our upcoming "New Qredo" release.
Our team has been working hard to enhance our platform and provide our users with an even better experience.
One of the highlights of the upcoming release is our new Portfolio View, allowing users to view balances and their evolution across all their holdings in custody.
Our new Workspaces feature supplies a straightforward way to manage digital assets and users, making it easier for small to large organizations to manage their holdings.
Introducing a new Invite System and Role-Based Access Control, enabling users to invite new users to their space and permission them for optimal trading or custom setups.
Our Notification and Activity Logs feature provides users with more live information and call to action, both on a new notification system or as part of a per-user audit log.
Our revamped Asset Vaults experience provides users with near-instant transfers, crosschain atomic swaps, and much more, making it easier to govern, manage and move digital assets directly within custody.
Introducing our new Web3 Wallets, allowing anyone to interact with EVM chains from custody with the support of three core extensions at launch (MetaMask Institutional, Wallet Connect& Web3 APIs)
Our new Policy Engine enables policies to be assigned or managed at a workspace level for much more rigorous controls and risk management.
Admin Policies can now lock signing policies, serving as a failsafe in case of loss of keys from approvers or for stricter rigour in policy changes.
Introducing Whitelists, which can now be managed at a workspace level and applied to smart contract interactions on top of transfers and withdrawals.
Lastly, we are working towards introducing Polygon, Avalanche, Fantom, SUI, and Stacks to our supported chains, including a new series of tokens supported in our Vaults (AVAX, AUSDC, aUSDT, FTM, USDT[Fantom], Matic, and USDC[Polygon]).
We look forward to our users getting to experience the upcoming release and to continuing to provide the best possible platform for secure blockchain asset management and self-custody.
Up next at Qredo
There are a range of features we are currently developing and planning at Qredo as part of our ongoing efforts to enhance our product. Here are some highlights:
Exchange Accounts ("Qredo Glass") – you will be able to deposit, transfer, and rebalance digital assets outside of Qredo's custody seamlessly.
We are developing a Segregated Asset Vaults feature that will allow you to manage and move digital assets within your own custody network easily.
In Qredo API 2.0, you will be able, within Qredo custody, to build blockchain-based products or manage digital asset operations more efficiently.
With our Open Custody Engine, our signing agent will be complemented by an approval logic automation system that you will be able to configure through a user interface.
Following the introduction of hierarchy with Admin Policy, you will be able to bind policies together using Approval Groups with AND/OR operators to represent more sophisticated custodial requirements.
WalletConnect 2.0 and Multi-Chain Support: Using Qredo to secure your Web3 transactions, even outside of EVM, with support for Cosmos, Polkadot, and other chains.
The much-awaited Fiat On-Ramp feature will allow you to build an on and off-ramp for fiat directly into self-custody.
With Reporting you will be able to generate rich reports and exports of your transactional data for audit or accounting purposes across the platform and integrations supported by Qredo.
We are now introducing the last few features for users and validators needed for our Validator Program Rollout to onboard new validators and reflect these changes in our upcoming tokenomics model.
We are also planning to introduce support for Arbitrum, Optimism, Polkadot, and Cosmos to be included in the WalletConnect 2.0 release.
In the Pipeline at Qredo
Here are some of the features we are looking to work on as soon as we can:
SUI Wallet Integration. We have introduced support for the upcoming SUI network and are exploring the introduction of support for the SUI native wallet.
In our dApps Tracker we will expand the data we show about your interactions with smart contracts, both in your portfolio view and in your transaction history and reporting.
New Mobile Experience: Yes! We have been thinking about a new mobile experience that will hopefully live up to the high bar we have set with the new Qredo web platform.
With Firewall & Inbounds Quarantine, we will provide functionality to generate new receiving addresses for inbound transactions and the ability to screen them with KYT providers or bespoke workflows taking new deposits.
Advanced Policies will provide the potential to securely automate approvals on policies with granular controls and workflows without the need to run Signing Agents.
In our planned Community Governance, you'll be able to use your QRDO to vote on improvement proposals for the protocol.
Under Review at Qredo
Finally, here are some features that we are currently reviewing:
Our Asset Recovery Tool will grant the ability to directly interact with the protocol using an open-source tool to recover funds without having to use any of Qredo's services.
In the Qredo Credit Model, customers staking Qredo would receive additional benefits on top of their fee schedule.
Our Smart Contract Transaction Simulation will grant the ability to simulate on-demand smart contract interactions to enrich the information we provide as part of custody approvals.
The qSign Developer Preview: Think of this as dMPC-as-a-service, allowing developers to interact directly with Qredo dMPC from a smart contract-enabled chain (EVM first) to instruct a key generation, signature request, or transfer of funds (on other chains).
All these features mentioned above will help support us in our goal of providing secure self-custody and deployment of digital assets across the wider blockchain ecosystem.
We welcome your feedback and suggestions, as they help us to prioritize our efforts and ensure that we are meeting your needs.
Thank you for your continued support of Qredo. We are excited about the future and look forward to sharing more updates with you soon.
Best regards from the Qredo team!