![](https://images.mirror-media.xyz/publication-images/SpwHtJ3zPaPnsYlaqYMub.png?height=375&width=750)

IQ holders have staked a record 2.5 billion [HiIQ](https://iq.braindao.org/dashboard/stake), with the majority of stakers locking up their tokens for over 3 years. IQ holders have staked more than 700 million IQ tokens with HiIQ.

The APR is currently over 170% as of writing. IQ stakers earn IQ token rewards and the chance to win NFTs in NFT raffles. [This guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) explains how to start staking IQ with HiIQ.

Back in November 2022, IQ announced the IQ token’s new halvening tokenomics model which triples the rewards for IQ stakers and increases the rewards for early contributors to IQ.wiki over the next 12 months. This model provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. The IQ stakers who collectively make up BrainDAO voted in favor of the new model with the [IQIP-14: New IQ Tokenomics for the New IQ.wiki Platform](https://snapshot.everipedia.com/#/proposal/0x0b94293b4e55339b5fb0cacb2fab54590656913171eef4cb0ad17e139304cdbd) proposal passing with an overwhelming majority of votes.

HiIQ was created to incentivize IQ holders to become long-term holders who stake and lock up their IQ tokens with IQ token rewards and NFT raffles. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and the longer they lock up their IQ for the greater the number of rewards and the greater chance they will have to gain limited edition NFTs. Most importantly, HiIQ holders will be able to determine IQ.wiki’s course of action in the future by participating in governance.

This news comes at a perfect time as IQ saw a record-high 24-hour volume of over $380,000,000 last week on January 15th according to [CoinMarketCap data](https://coinmarketcap.com/currencies/iq/historical-data/). In addition, the [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury) reached a new milestone of staking [over 1000 ETH through Frax Finance’s liquid staking](https://iq.wiki/blog/LTux0zGogIBH5EI0McFC9gmuyfvX7ckOzhFslpQkSfI). This brings revenue to BrainDAO as all profits generated from Frax Ether validators are distributed to sfrxETH holders like BrainDAO. Frax Ether is here and the BrainDAO treasury now has over 1000 Staked Frax Ether which is equivalent to more than $1.7 million as of writing. The BrainDAO treasury continues to exponentially grow its war chest as it now has over $10 million in total assets as of writing. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by IQ token stakers. BrainDAO holds a diversified portfolio of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

# About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

[Twitter](https://twitter.com/IQwiki) | [IQ.wiki](https://iq.wiki/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/BH4JrhF6d6) | [Telegram](https://t.me/everipedia) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork)

IQ Holders Stake a Record 2.5 Billion HiIQ

![](https://images.mirror-media.xyz/publication-images/nJRhS-Fh18OevEVWyYmvR.jpg?height=422&width=750)

IQ Bonds are now live on the[ ](https://pro.olympusdao.finance/)[Bond Protocol](https://app.bondprotocol.finance/#/market/mainnet/33), anyone can now get IQ at a discount by getting [IQ Bonds](https://app.bondprotocol.finance/#/market/1/33).

[Bond Protocol](https://iq.wiki/wiki/bond-protocol) launched following the success of Olympus Pro, enabling it to establish a standalone entity. Bond Protocol aims to be a credibly neutral platform, focused on providing Bonds-as-a-service to meet the needs of DeFi with innovative ideas. We decided to migrate from Olympus Pro to Bond Protocol because they are permissionless, composable and modular. BrainDAO is able to self-serve the creation and launch the Bond Market. 

To get IQ Bonds, IQ holders supply WETH and then bond those on[ ](https://pro.olympusdao.finance/)[Bond Protocol.](https://app.bondprotocol.finance/#/market/mainnet/33) In return for giving a discounted price of IQ, the IQ Bonds will distribute IQ to bondholders over a 5-day vesting period.

This allows IQ holders to get IQ at a discount without the risk of impermanent loss. IQ Bonds also allow the IQ protocol to acquire WETH for the [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury). BrainDAO’s treasury has continued to grow steadily. Earlier this month [BrainDAO staked 1000 Ethereum with Frax Ether](https://iq.wiki/blog/LTux0zGogIBH5EI0McFC9gmuyfvX7ckOzhFslpQkSfI).

# About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

[Twitter](https://twitter.com/IQwiki) | [IQ.wiki](https://iq.wiki/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/BH4JrhF6d6) | [Telegram](https://t.me/everipedia) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork)

 
  
  
 

IQ Bonds are now live on Bond Protocol

![](https://images.mirror-media.xyz/publication-images/f0elfTH0YhXjA-hzkv1Jl.png?height=879&width=1563)

BrainDAO has staked 1000 ETH through Frax Finance’s liquid staking system. This will bring revenue to BrainDAO as all profits generated from Frax Ether validators are distributed to sfrxETH holders like BrainDAO. [Frax Ether](https://iq.wiki/wiki/frax-ether-frxeth-and-sfrxeth) is here and the [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury) now has over 1000 Staked Frax Ether which is equivalent to more than $1 million as of writing. The [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury) continues to exponentially grow its war chest as it now has over $9 million in total assets as of writing. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by IQ token stakers. BrainDAO holds a diversified portfolio of IQ tokens, ethereum, stablecoins, blue chip NFTs, and other assets.

BrainDAO has been steadily accumulating ETH over time. ETH isn’t the only asset that BrainDAO has accumulated since its launch. The BrainDAO treasury has also been accumulating FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on [Fraxswap](https://iq.wiki/wiki/fraxswap) along with other notable assets.

[Frax Finance](https://iq.wiki/wiki/frax-finance), the leading DeFi known for the world’s first fractional stablecoin and crypto native consumer price index launched Frax Ether in October 2022. Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.

We decided to choose liquid staking with Frax Ether since it offers the highest return and security. Additionally, by opting to use a liquid ETH staking derivative instead of staking ETH in another form, staking yield can be accrued much more simply, abstracting the need to run validators, allowing yield to be earned on any amount of ETH. allowing withdrawals at any time and of any size, and allowing far greater composability throughout DeFi.

ETH in the Frax ecosystem comes in two forms, frxETH (Frax Ether), and sfrxETH (Staked Frax Ether).

frxETH acts as a stablecoin loosely pegged to ETH, so that 1 frxETH always represents 1 ETH and the amount of frxETH in circulation matches the amount of ETH in the Frax ETH system.

sfrxETH is a ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators. At any time, frxETH can be exchanged for sfrxETH by depositing it into the sfrxETH vault, which allows users to earn staking yield on their frxETH.

By holding highly liquid stablecoins and Staked Frax Ethereum, BrainDAO provides the IQ token with more stability and protection during bear markets. While BrainDAO’s exposure to blue chip NFTs, the IQ token itself, and other assets allow the token to grow more quickly during bull markets.

Additionally, [IQIP-15: Staking BrainApe and ApeCoin to earn ApeCoin Rewards for BrainDAO](https://snapshot.everipedia.com/#/proposal/0xf7fb31525b641d764a06b48635e0e2b9e00eb3a3920b3af984994919c6c012f2) recently passed with tremendous support. Be on the look-out for our BrainAPE farming ApeCoins!

This is just the start of BrainDAO’s growth as we plan to further diversify the treasury and bring in new cashflow to BrainDAO.

# About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

[Twitter](https://twitter.com/IQwiki) | [IQ.wiki](https://iq.wiki/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/BH4JrhF6d6) | [Telegram](https://t.me/everipedia) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork)

BrainDAO stakes 1000 ETH with Frax Ether

IQ Wrapped 2022

![](https://images.mirror-media.xyz/publication-images/V6x0TrIMxjLyP22tsN484.jpg?height=897&width=1600)

It’s time for the November edition of IQ Monthly News which covers IQ token news, growth, partnerships, and more. The IQ token saw over $1.9 billion in volume this month, BrainDAO introduced the largest-ever update to the IQ token, and IQ holders staked a record 2.1 billion HiIQ. Keep reading to stay up-to-date with IQ token progress.

## Growth

### IQ Stats

The demand and liquidity for the IQ token is growing growing rapidly. The IQ token saw over $1.9 billion in volume across centralized and decentralized exchanges including Upbit, Binance, Crypto.com, Fraxswap, and Sushiswap. In November, several outlets including [BlockTalks](https://twitter.com/HiBlockTalks/status/1594263817810489344), [Phoenix Group](https://twitter.com/pnxgrp/status/1596491907328155648), [Polygon Daily](https://twitter.com/PolygonDaily/status/1594625414726574081), and [Cryptographic](https://twitter.com/Crypfographic/status/1594075066010308608), featured the IQ token as one of the top daily gainers within the Ethereum, Binance, and Polygon ecosystems for its price growth. 

### HiIQ Stats

IQ holders have staked a record 2.1 billion [HiIQ](https://iq.braindao.org/dashboard/stake), with the average stakers locking up their tokens for more than 3 years. IQ holders have staked more than 597 million IQ tokens with HiIQ. The APR on HiIQ is currently 224% as of writing. IQ stakers earn both IQ token rewards and have the ability to participate in NFT raffles. [This guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) explains how to start staking IQ with HiIQ.

## BrainDAO introduces the largest-ever update to the IQ token

After the launch of the all-new IQ.wiki platform, [BrainDAO](https://braindao.org/) has introduced the largest-ever update to the IQ token with the launch of [BrainDAO.org](https://braindao.org/) and the brand-new [BrainDAO IQ Dashboard](https://iq.braindao.org/dashboard). 

The IQ token’s new halvening tokenomics model increases the rewards for IQ stakers and early contributors to IQ.wiki over the next 12 months. The model provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. The IQ stakers who collectively make up BrainDAO voted in favor of the new model with the [IQIP-14: New IQ Tokenomics for the New IQ.wiki Platform](https://snapshot.everipedia.com/#/proposal/0x0b94293b4e55339b5fb0cacb2fab54590656913171eef4cb0ad17e139304cdbd) proposal passing with an overwhelming majority of votes. In addition to providing greater rewards to early adopters, the new model makes the IQ token more sustainable. Every year IQ emissions will halve, sustainably decreasing emissions over time until they dip below 1 IQ minted per month in August of 2050 ensuring that the IQ token’s maximum supply cap of 21 billion tokens is never breached.

The brand new [IQ Dashboard](https://iq.braindao.org/dashboard) includes a wide range of new functionality and information for the IQ token, such as [staking](https://iq.braindao.org/dashboard/stake), [bridging](https://iq.braindao.org/dashboard/bridge), [voting on governance proposals](https://iq.braindao.org/dashboard/voting), [stats](https://iq.braindao.org/dashboard/stats), [where to get IQ tokens](https://iq.braindao.org/dashboard/swap), the [NFT raffles](https://iq.braindao.org/dashboard/raffles), as well as the assets held by the [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury). BrainDAO now also has a new homepage, [braindao.org](https://braindao.org/) where more information will be shared on the progress BrainDAO is making in building out the IQ ecosystem.

With the revamp of BrainDAO, new IQ token infrastructure, new tokenomics, and the launch of IQ.wiki, the IQ ecosystem is stronger than ever and ready for a new era of growth and development with a lot more exciting updates in the pipeline to be revealed soon.

## Media Coverage

### CryptoSlate

In November, IQ.wiki Chief Brain Navin Vethanayagam was interviewed by Liam 'Akiba' Wright of [CryptoSlate](https://cryptoslate.com/videos/can-decentralized-site-iq-wiki-offer-a-better-knowledge-source-for-web3-than-wikipedia-slatecast-30/). They talked about the launch of IQ.wiki and our plan to build the leading crypto knowledge base with the $IQ token.

### Bubblemaps

The $IQ token was featured on [Bubblemaps](https://app.bubblemaps.io/eth/token/0x579cea1889991f68acc35ff5c3dd0621ff29b0c9) where everyone can visualize the connections between token holders.

IQ.wiki's Director of Business Development Andy Cho joined the Bubblemaps on November 11th for an [AMA on the IQ token](https://twitter.com/Everipedia/status/1590017072184320000) and IQ.wiki to tell more about the major updates to the IQ token and ecosystem. 

### Chainstack

This month, everybody interested in the IQ.wiki updates could learn more about the tech behind the platform with IQ.wiki Blockchain Developer Justin Castillo and Director of Biz Dev. Andy Cho in the [Twitter Space with Chainstack](https://twitter.com/Everipedia/status/1588202244813467648). Hosted by Matthew Krak, this Twitter Space covered how we work on bridging the Web3 knowledge gap. 

## About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

 
 [Twitter](https://twitter.com/Everipedia) | [IQ.wiki](https://iq.wiki/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/BH4JrhF6d6) | [Telegram](https://t.me/everipedia) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork)

IQ Monthly News - November 2022

![](https://images.mirror-media.xyz/publication-images/cgoYeVrVVPue7J6ehp3Pg.png?height=719&width=1280)

**Today, [BrainDAO](https://braindao.org/) is introducing the largest-ever update to the IQ token with the launch of [BrainDAO.org](https://braindao.org/) and the brand-new [BrainDAO IQ Dashboard](https://iq.braindao.org/dashboard). In addition to the launch of the all-new [IQ.wiki](https://iq.wiki/) platform in October, these changes represent the largest improvements and upgrades to the IQ infrastructure to date.**

The IQ token’s new halvening tokenomics model triples the rewards for IQ stakers and increases the rewards for early contributors to IQ.wiki over the next 12 months. The model provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. The IQ stakers who collectively make up BrainDAO voted in favor of the new model with the [IQIP-14: New IQ Tokenomics for the New IQ.wiki Platform](https://snapshot.everipedia.com/#/proposal/0x0b94293b4e55339b5fb0cacb2fab54590656913171eef4cb0ad17e139304cdbd) proposal passing with an overwhelming majority of votes.

In addition to providing greater rewards to early adopters, the new model makes the IQ token more sustainable. Every year IQ emissions will halve, sustainably decreasing emissions over time until they dip below 1 IQ minted per month in August of 2050 ensuring that the IQ token’s maximum supply cap of 21 billion tokens is never breached.

The new tokenomics will also help grow BrainDAO’s diversified treasury with assets such as IQ, Ethereum, stablecoins, and blue chip NFTs which back the IQ token. As part of the tokenomics update, IQ tokens will also go to the IQ.wiki company allowing for hiring more developers and directing greater resources toward growing the IQ.wiki platform and the IQ ecosystem. The new model also dedicates IQ token rewards to the upcoming NFT gauges system and the Brainies NFT collection. Brainies will be the first NFT collection with real DeFi rewards and will bring new value to the IQ ecosystem. Over time there are plans to add more blue chip NFT collections to the NFT gauges.

The brand new [IQ Dashboard](https://iq.braindao.org/dashboard) includes a wide range of new functionality and information for the IQ token, such as [staking](https://iq.braindao.org/dashboard/stake), [bridging](https://iq.braindao.org/dashboard/bridge), [voting on governance proposals](https://iq.braindao.org/dashboard/voting), [stats](https://iq.braindao.org/dashboard/stats), [where to get IQ tokens](https://iq.braindao.org/dashboard/swap), the [NFT raffles](https://iq.braindao.org/dashboard/raffles), as well as the assets held by the [BrainDAO treasury](https://iq.braindao.org/dashboard/treasury). BrainDAO now also has a new homepage, [braindao.org](https://braindao.org/) where more information will be shared on the progress BrainDAO is making in building out the IQ ecosystem.

Another new addition you will also see in the [BrainDAO Treasury](https://iq.braindao.org/dashboard/treasury) is two new blue-chip NFTs that have been acquired by BrainDAO. The Hashmask Gnostic and Pudgy Penguin #2614 which you can view [here](https://iq.braindao.org/dashboard/treasury).

[Hashmasks](https://iq.wiki/wiki/hashmasks) were one of the first generative art NFTs to gain traction. The collection launched in January of 2021, with 16,384 unique digital portraits, created by over 70 artists globally. Unlike most NFTs, where the rarity of all traits is set out by the creators, Hashmasks have two layers of scarcity: the creators provided an explicit set of traits to provide general guidance to the consumer but also created implicit traits that have not been explained by the creators. The most unique trait of a Hashamask however is its name since no two Hasmasks can have the same name. Holders can give their Hashmask a name by burning Name Change Tokens (NCTs). We chose to acquire the Hashmask Gnostic specifically for its name. The word gnostic means relating to knowledge and comes from the Greek word gnostikos, meaning "knowing" or "able to discern”. Our Hashmask Gnostic is a symbol of BrainDAO’s commitment to knowledge.

[Pudgy Penguins](https://iq.wiki/wiki/pudgy-penguins) are some of the cutest blue-chip NFTs designed with the values of love, empathy, & compassion. Pudgy Penguins launched in July 2021 and quickly rose to prominence getting covered in a New York Times Column just one month later. The collection has grown rapidly over the last few months with the launch of a media arm, physical toys, and a clothing line after the collection. In July 2022, they became one of the first NFT projects to use SoulBound tokens, issuing their own SoulBound token truePengu to celebrate the first birthday of Pudgy Penguins. The Pudgy Penguins' positive vibes and mission of accelerating Web3 innovation through IP utilization and community empowerment is a perfect fit for BrainDAO and the IQ token. The mission and vibes align well with IQ.wiki’s goal of becoming the hub for crypto knowledge and education. We chose Pudgy Penguin #2614 specifically for his baby pink skin and rare pink turtleneck trait.

The team has been constantly adding new features and integrations to IQ.wiki and just last week added new functionality that allows users to check & browse NFT IDs on NFT pages.

With the revamp of BrainDAO, new IQ token infrastructure, new tokenomics, and the launch of IQ.wiki, the IQ ecosystem is stronger than ever and ready for a new era of growth and development with a lot more exciting updates in the pipeline to be revealed soon.

BrainDAO introduces the largest-ever update to the IQ token

![](https://images.mirror-media.xyz/publication-images/-7wLjlqAbkt7atTwoiB9n.png?height=630&width=1200)

The world’s largest crypto encyclopedia is joining the Ethereum ecosystem. Everipedia is now [IQ.wiki](https://iq.wiki/) with a brand new site running on [Polygon](https://iq.wiki/wiki/polygon). IQ.wiki is fully Web3 with [IQ token](https://iq.wiki/wiki/iq) stakers earning rewards and governing the platform.

IQ.wiki has a wealth of crypto content including pages covering [Cryptocurrencies](https://iq.wiki/categories/cryptocurrencies) like [Ethereum](https://iq.wiki/wiki/ethereum), [NFTs](https://iq.wiki/categories/nfts) like [Bored Ape Yacht Club](https://iq.wiki/wiki/bored-ape-yacht-club), [DeFi](https://iq.wiki/categories/defi) projects like [Frax Finance](https://iq.wiki/wiki/frax-finance), and [People in Crypto](https://iq.wiki/categories/people) like [Vitalik Buterin](https://iq.wiki/wiki/vitalik-buterin).

We’ve designed IQ.wiki from the ground up to serve the crypto community. For full transparency, every edit or change to the encyclopedia will be recorded on the Polygon blockchain with the transaction hash stored on-chain.The data and images uploaded as part of each wiki are stored on the IPFS network and the hashes are included on each page for the users to verify. IQ.wiki pages on cryptocurrencies, NFT projects, and exchanges automatically pull relevant statistics from Coingecko and other reliable APIs. The new site also integrates [Ethereum Name Service (ENS)](https://iq.wiki/wiki/ens). If you’ve resolved your ETH address to an ENS name your ENS will automatically show up as your profile name when you log in to the new IQ.wiki site. To allow contributors to log in with their email or social media we’ve integrated Magic a leading user authentication and private key management solution. We’ve also integrated [The Graph](https://iq.wiki/wiki/the-graph), a decentralized protocol for indexing and querying data in networks like Ethereum and IPFS. To ensure IQ.wiki is fully Web3 we’ve set up a new [IQ.wiki Blog](https://iq.wiki/blog) which is powered by Mirror, the leading Web3 publishing solution.

We decided to build IQ.wiki on Polygon, the leading Ethereum scaling solution, to ensure that the platform is at the heart of the Ethereum ecosystem and can scale to support large numbers of contributors. To ensure a gasless experience for all IQ.wiki contributors we’ve integrated the OpenZeppelin defender relayer.

As part of the launch of the new site, Everipedia is rebranding as IQ.wiki. The Everipedia name came from the idea of building the encyclopedia of everything. In 2018, we moved Everipedia onto the blockchain and launched the IQ token for greater transparency and to ensure our users could be rewarded for their contributions. After the launch of the token, our editor base shifted and we saw a lot of interest in our pages covering the crypto space.

Over the past few years NFTs, DeFi, and the pace of innovation in Web3 have exploded. We’ve always been passionate about building and seeing the growth of the space inspired us to build a new site to serve as a hub for crypto knowledge. We’ve called our new site IQ.wiki since our IQ token and cryptocurrency are now central to the platform.

To try out the new IQ.wiki site while we are in beta, you just need to sign up for the [IQ Brainlist](https://forms.gle/BGm99S8FWxQkBVE6A). We’ve started sending out invitations today. After the beta period, IQ.wiki plans on introducing HiIQ Brain Pass NFTs for IQ stakers which will provide several benefits including the ability to edit on IQ.wiki. Users will also be able to acquire the NFTs by purchasing them with IQ tokens.

The HiIQ Brain Pass NFTs will be launching soon however, you can already get involved in the IQ ecosystem and start earning IQ token rewards by [staking IQ with HiIQ](https://everipedia.org/iq/lock). IQ stakers have earned over 400 million IQ since the launch of HiIQ and in our last raffle stakers won [100 5-digit ENS](https://iq.wiki/blog/q3LfbP6ACmXZ7MJTA9vRhLTcPVbWOO1TqRroRDcfnAg). IQ stakers also govern the IQ.wiki platform and the IQ token’s treasury, BrainDAO. BrainDAO’s portfolio of Ethereum, IQ tokens, stablecoins, and blue chip NFTs backs the IQ token and is valued at over $5 million. The more IQ you stake the more IQ rewards you earn, the greater the chance you have to win an NFT raffle, and the greater your governance power.

To ensure the rapid growth of the IQ token in addition to the launch of the new IQ.wiki site we propose setting up new tokenomics for the IQ token. We propose using a halvening model like Bitcoin and FXS which provides higher initial emissions to incentivize early adopters and gradually lowers emissions to ensure long-term sustainability. The proposal[ IQIP-14: New IQ Tokenomics for IQ.wiki](https://snapshot.everipedia.com/#/) is now up for voting by IQ stakers on Snapshot.

With the rebranding of Everipedia to IQ.wiki, and the launch of the new platform we are also making some changes to leadership and structure. Everipedia’s longtime Chief Community Officer Navin Vethanayagam will become the Chief Brain of IQ.wiki. Cesar Rodriguez, Everipedia’s Director of Engineering who led the development of the new platform will become the Chief Technology Officer of IQ.wiki. Navin and Cesar will also serve as the Galaxy Brain and Chief Brain Officer of BrainDAO, the DAO which manages the IQ token. Everipedia Co-founder and CEO Theodor Forselius as well as CFO and COO Suchet Dhindsa will move to a new parent company dedicated more broadly to investing in the future of knowledge. Everipedia co-founders Sam Kazemian and Travis Moore will also remain in the parent company as board members. This new structure will allow Navin and Cesar to focus on leading the growth of the IQ.wiki platform and for the Everipedia co-founders to focus on broader strategic goals for the company and the whole ecosystem.

To kickstart IQ.wiki’s mission to serve as the knowledge hub for the crypto ecosystem we will soon be launching an IQ Airdrop Launch Contest to reward contributors who create quality wikis about the crypto space.

This is just the beginning, we have a lot more planned. In the future, we plan on integrating DEX swaps into each IQ.wiki page so you can ape into any crypto as you read about it. There’s a lot more planned for the IQ ecosystem. Stay tuned for our upcoming Brainies NFT collection which will combine DeFi IQ staking rewards, art, and knowledge. The IQ ecosystem is only growing smarter.

Whether you’re a shadowy super coder, a DeFi degen, ETH maxi, or NFT maxi, IQ.wiki is the place to learn and share knowledge about the crypto space. Make sure to sign up for the [IQ Brainlist](https://forms.gle/BGm99S8FWxQkBVE6A) and join our [Discord](https://discord.gg/nUfun84PCc) if you want to get involved.

Everipedia becomes IQ.wiki - The Largest Crypto Encyclopedia expands to the Ethereum Ecosystem

![](https://images.mirror-media.xyz/publication-images/DqsB30DZfU6SM9H9AM1EC.jpg?height=720&width=1280)

The Ethereum Merge is here and the [BrainDAO treasury](https://etherscan.io/address/0x56398b89d53e8731bca8c1b06886cfb14bd6b654) now has over $2 million in wrapped ethereum and over $5 million in total assets. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by IQ token stakers. BrainDAO holds a diversified portfolio of IQ tokens, ethereum, stablecoins, blue chip NFTs, and other assets. 

Everipedia has been steadily accumulating ETH over time through Olympus Pro bonds. ETH isn’t the only asset that BrainDAO has accumulated since its launch. The BrainDAO treasury has also been accumulating FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap. 

Back in May, BrainDAO decided to acquire a [Bored Ape](https://opensea.io/collection/boredapeyachtclub) as its first NFT acquisition since the Bored Ape Yacht Club is [Yuga Labs](https://twitter.com/yugalabs) premier NFT collection and is poised to grow in value with apes forming a core part of Yuga’s Otherside metaverse. [The Otherside](https://twitter.com/OthersideMeta) metaverse is aligned with BrainDAO’s vision of bridging the real world and the metaverse. 

BrainDAO acquired [BAYC #9665](https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/9665) precisely because of its Pink fur trait which represents the brain, the center of all knowledge. $IQ holders and BrainDAO together will be the stewards of the Ape and will determine its course of action in the future. 

By holding highly liquid stablecoins and Ethereum, BrainDAO provides the IQ token with more stability and protection during bear markets. While BrainDAO’s exposure to blue chip NFTs, the IQ token itself, and other assets allow the token to grow more quickly during bull markets. 

The growth of BrainDAO comes at the perfect time as the launch of a new fully Web3 site for the Everipedia Encyclopedia nears. The new site will run on Ethereum L2 and have several cutting-edge integrations. The waitlist for our public beta is just around the corner. Stay tuned!

The IQ Token’s BrainDAO Treasury now has over $2 Million in Ethereum!

![](https://images.mirror-media.xyz/publication-images/oSOc3PXWHQ7B0at3xLIEs.jpg?height=661&width=1178)

It’s time for the August edition of IQ Monthly News which covers IQ token news, growth, partnerships, and more. BrainApe is up for Licensing on Feature, a leading Web3 studio and NFT licensing platform,  the IQ token reaches over $3 million in Liquidity on Fraxswap, and the 100 5-digit ENS we gave away to HiIQ stakers have more than doubled in value. Keep reading to stay up-to-date with Everipedia progress.

## Growth

### IQ Stats

The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity have also grown rapidly with IQ’s yield farming integration with Frax Finance on Fraxswap.

On decentralized exchanges, the IQ token has shown impressive growth in volume with more than [$10,000,000 on Fraxswap](https://facts.frax.finance/pools/0xcB0bC7C879bb3E9CFEB9d8EFef653F33B3d242e9), and more than [$377,000 on Polygon via Fraxswap](https://facts.frax.finance/pools/0x1B238BDB3ae538Fc8201aA1475bFFc216e3B374f).

### HiIQ Stats

After reaching a new milestone of $3 million in [liquidity on Fraxswap](https://everipedia.org/blog/the-iq-token-now-has-over-3-million-in-liquidity-on-fraxswap) confidence in IQ has continued to grow. IQ holders have staked a record 1.5 billion [HiIQ](https://everipedia.org/iq/lock), with the majority of stakers locking up their tokens for over 3.5 years. IQ holders have staked more than 417 million IQ tokens with HiIQ. The yield earned over 4 years is currently over 390% as of writing. IQ stakers earn both IQ token rewards and the chance to win NFTs in NFT raffles. [This guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) explains how to start staking IQ with HiIQ.

## BrainApe is up for Licensing on Feature

BrainApe, the Bored Ape who leads BrainDAO and the IQ token, is now up for licensing on [feature.io](https://feature.io/licensing/bayc?id=9665), a leading Web3 studio and licensing platform that has worked with Coinbase, Netflix, and more. BrainApe could soon earn licensing fees for BrainDAO by becoming the star of the next major film franchise, videogame, TV series, clothing brand, or advertising campaign. This would also bring massive exposure to Everipedia and the IQ token. 

“We’re incredibly excited to provide BrainDAO with the opportunity to leverage the licensing rights for their BAYC mascot, BrainApe. We are happy to support BrainDAO as we collectively build the metaverse of the future,” said Feature CEO Steven Ilous.

BrainApe is a brilliant 4T pink fur Ape who is passionate about the pursuit of knowledge. He currently serves as the leader of BrainDAO, a DAO created and controlled by the IQ community and dedicated to bridging the real world and the metaverse and funding the future of knowledge on-chain from art to finance to history. 

Licensing out BrainApe is just the first step in monetizing the intellectual property held by BrainDAO. The IP could also be used to create NFT derivatives and in many other ways to create value for IQ stakers. You may also see this brilliant Bored Ape leading the way for the upcoming new Everipedia site soon.

## The IQ token now has over $3 million in Liquidity on Fraxswap

The IQ token has gained over $3 million in liquidity on Fraxswap since listing in June. [FraxSwap](https://app.frax.finance/swap/main?from=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9&to=0x853d955aCEf822Db058eb8505911ED77F175b99e) is the most innovative and capital-efficient Time Weighted Average Market Maker for trustless monetary policy in DeFi.

The APR on Fraxswap currently ranges from around 20%-90% as of writing! Anyone can now earn FXS and IQ token rewards on Fraxswap on Frax Finance by providing liquidity to the [FRAX/IQ pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap. 

Here is a [guide](https://fraxfinancecommunity.medium.com/how-to-add-liquidity-to-frax-iq-pool-on-fraxswap-e5c9a514a3cf) on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the [IQ-FRAX pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap and then [stake the LP tokens here](https://app.frax.finance/staking/fraxswap-frax-iq) to earn both FXS and IQ tokens as rewards.

## 100k Club ENS doubles in value after HiIQ Airdrop for IQ Stakers

Back in July, Everipedia raffled off 100 of [100k Club](https://www.ens.vision/categories/100k-club?page=0) ENS to [HiIQ stakers](https://everipedia.org/iq/lock) using [Chainlink VRF](https://chain.link/chainlink-vrf) on [Polygon](https://blog.polygon.technology/chainlink-vrf-is-live-on-polygon-providing-developers-with-a-secure-source-of-verifiable-randomness-94ec9815bc03/). The winners of the largest ENS giveaway in history were announced on the[ IQ Dashboard](https://everipedia.org/iq/raffles) and the ENS were distributed out to the winners. In July, the floor price of the 100k Club ENS was 0.02 ETH when we acquired the ENS and hosted a giveaway for the ENS. Last week the floor price doubled to 0.04 ETH it has since tripled to over 0.06 ETH.

[Staking IQ tokens with HiIQ](https://everipedia.org/iq/lock) is a great way to earn IQ token rewards and enter raffles to win trending NFTs like ENS (Ethereum Name Service). The yield earned over 4 years for HiIQ stakers is over 390% as of writing. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and the longer they lock up their IQ for the greater the number of rewards and the greater chance they will have to gain limited edition NFTs.

If you haven’t staked IQ with HiIQ already make sure to check out this [guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) which explains how to get started. 

## About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

IQ Monthly News - August 2022

![](https://images.mirror-media.xyz/publication-images/1zwzKVjrOk0X4yNwq1WSy.webp?height=630&width=1200)

Back in July, Everipedia raffled off 100 of [100k Club](https://www.ens.vision/categories/100k-club?page=0) ENS to [HiIQ stakers](https://everipedia.org/iq/lock) using [Chainlink VRF](https://chain.link/chainlink-vrf) on [Polygon](https://blog.polygon.technology/chainlink-vrf-is-live-on-polygon-providing-developers-with-a-secure-source-of-verifiable-randomness-94ec9815bc03/). The winners of the largest ENS giveaway in history were announced on the[ IQ Dashboard](https://everipedia.org/iq/raffles) and the ENS were distributed out to the winners. In July, the floor price of the 100k Club ENS was 0.02 ETH when we acquired the ENS and hosted a giveaway for the ENS. The floor price has since doubled to over 0.04 ETH.

[Staking IQ tokens with HiIQ](https://everipedia.org/iq/lock) is a great way to earn IQ token rewards and enter raffles to win trending NFTs like ENS (Ethereum Name Service). The yield earned over 4 years for HiIQ stakers is over 389% as of writing. HiIQ was created to incentivize IQ holders to become long-term holders who stake and lock up their IQ tokens with both IQ token rewards and NFT raffles. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and the longer they lock up their IQ for the greater the amount of rewards and the greater chance they will have to gain limited edition NFTs.

If you haven’t staked IQ with HiIQ already make sure to check out this [guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) which explains how to get started. 

Everipedia’s NFT raffles are powered by [Chainlink Verifiable Random Function (VRF)](https://chain.link/solutions/chainlink-vrf) on Polygon for HiIQ stakers, ensuring that winners are quickly and randomly chosen in a provably fair manner. 

We have a lot more coming for IQ stakers and the crypto community as a whole. Everipedia will be launching a brand new site on Ethereum L2. Public beta is coming very soon!

**About ENS (Ethereum Name Service)**

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.

[Website](https://ens.domains/) l [Twitter](https://twitter.com/ensdomains) | [Medium](https://medium.com/the-ethereum-name-service) | [Discord](https://chat.ens.domains/) | [Governance](https://ens.domains/governance/) | [Github](https://github.com/ensdomains) | [Documentation](https://docs.ens.domains/)

**About IQ**

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

100k Club ENS doubles in value after HiIQ Airdrop for IQ Stakers

![](https://images.mirror-media.xyz/publication-images/4w7XjptpqaENzQ3BWVJGT.png?height=288&width=512)

After reaching a new milestone this month of $3 million in [liquidity on Fraxswap](https://everipedia.org/blog/the-iq-token-now-has-over-3-million-in-liquidity-on-fraxswap) confidence in IQ has continued to grow. IQ holders have staked a record 1.5 billion [HiIQ](https://everipedia.org/iq/lock), with the majority of stakers locking up their tokens for over 3.5 years. IQ holders have staked more than 454 million IQ tokens with HiIQ. The yield earned over 4 years is currently over 370% as of writing. IQ stakers earn both IQ token rewards and the chance to win NFTs in NFT raffles. [This guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) explains how to start staking IQ with HiIQ.

HiIQ was created to incentivize IQ holders to become long-term holders who stake and lock up their IQ tokens with IQ token rewards and NFT raffles. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and the longer they lock up their IQ for the greater the number of rewards and the greater chance they will have to gain limited edition NFTs. Most importantly, HiIQ holders will be able to determine Everipedia’s course of action in the future by participating in governance.

Everipedia is the future! We are the largest crypto encyclopedia and our brand new fully web3 site with Metamask editing on Ethereum L2 is just around the corner. There will be no censorship and full transparency. Public beta is coming very soon!

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

IQ Holders Stake a Record 1.5 Billion HiIQ

![](https://images.mirror-media.xyz/publication-images/3xsN-hSBgpQw1M3BZuFrC?height=675&width=1200)

The IQ token has gained over $3 million in liquidity on Fraxswap since listing in June. [FraxSwap](https://app.frax.finance/swap/main?from=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9&to=0x853d955aCEf822Db058eb8505911ED77F175b99e), is the most innovative and capital-efficient Time Weighted Average Market Maker for trustless monetary policy in DeFi.

As of August 11, 2022, the APR on Fraxswap ranges from 60%-250%! Anyone can now earn FXS and IQ token rewards on Fraxswap on Frax Finance by providing liquidity to the [FRAX/IQ pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap. 

Here is a [guide](https://fraxfinancecommunity.medium.com/how-to-add-liquidity-to-frax-iq-pool-on-fraxswap-e5c9a514a3cf) on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the [IQ-FRAX pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap and then [stake the LP tokens here](https://app.frax.finance/staking/fraxswap-frax-iq) to earn both FXS and IQ tokens as rewards.

**Note: You must stake the LP tokens otherwise you will not receive any rewards.**

[Fraxswap](https://app.frax.finance/swap/main) is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by [Frax Finance](https://app.frax.finance/). 
  
 Liquidity and trading volumes on both centralized and decentralized exchanges have grown rapidly over the last month. IQ saw over $96 million in volume in the last week on Upbit alone. On decentralized exchanges, the IQ token has shown impressive growth in volume with more than [$11,973,866 on Ethereum via Sushiswap](https://analytics.sushi.com/pairs/0x9d45081706102e7aaddd0973268457527722e274), [$8,560,000 on Fraxswap](https://facts.frax.finance/pools/0xcB0bC7C879bb3E9CFEB9d8EFef653F33B3d242e9) and more than [$346,000 on Polygon via Fraxswap](https://facts.frax.finance/pools/0x1B238BDB3ae538Fc8201aA1475bFFc216e3B374f). The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity has also grown quickly with IQ’s yield farming integration with [Frax Finance](https://app.frax.finance/) on [Fraxswap](https://everipedia.org/blog/rewards-are-now-live-for-iqfrax-pair-on-fraxswap).

This rapid growth comes at the perfect time as the launch of the brand new Everipedia Encylopedia nears. 

## About Fraxswap

Fraxswap is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by FraxFinance.

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The stablecoin (FRAX) is named after the “fractional-algorithmic” stability mechanism. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

**FRAX:** is the stablecoin targeting a tight band around $1/coin.

**Frax Shares (FXS):** is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

[Website](https://frax.finance/) | [Docs](https://docs.frax.finance/) | [Telegram](https://t.me/fraxfinance) | [Twitter](https://twitter.com/fraxfinance) | [Discord](https://discord.gg/4b8nuuWTZV) | [Governance](https://gov.frax.finance/) | [Github](https://github.com/FraxFinance)

## About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

The IQ token now has over $3 million in Liquidity on Fraxswap

![](https://images.mirror-media.xyz/publication-images/u3w2iB0dZW7w7LzoKo2se.png?height=422&width=750)

BrainApe, the Bored Ape who leads BrainDAO and the IQ token, is now up for licensing on [feature.io](https://feature.io/licensing/bayc?id=9665), a leading Web3 studio and licensing platform that has worked with Coinbase, Netflix, and more. BrainApe could soon earn licensing fees for BrainDAO by becoming the star of the next major film franchise, videogame, TV series, clothing brand, or advertising campaign. This would also bring massive exposure to Everipedia and the IQ token. 

Feature has worked with some of the world’s most innovative creators and brands, including partnering with Netflix to develop a future-forward, Web3 campaign for Vol. 3 of the hit show Love, Death + Robots. Feature’s platform introduced fans to blockchain-enabled art through a hunt for special edition Volume Three imagery. To date,138,537  [Love, Death + Art NFTs](https://lovedeathandart.com/) have been minted. Feature also worked with Coinbase, casting characters from the Bored Ape Yacht Club community for its upcoming series, [The Degen Trilogy](https://degentrilogy.com/). Feature’s proprietary licensing software helped power the entire experience. Seven Apes were cast using Feature’s digital smart contract technology.

“We’re incredibly excited to provide BrainDAO with the opportunity to leverage the licensing rights for their BAYC mascot, BrainApe. We are happy to support BrainDAO as we collectively build the metaverse of the future,” said Feature CEO Steven Ilous.

BrainApe is a brilliant 4T pink fur Ape who is passionate about the pursuit of knowledge. He currently serves as the leader of BrainDAO, a DAO created and controlled by the IQ community and dedicated to bridging the real world and the metaverse and funding the future of knowledge on-chain from art to finance to history. 

BrainDAO decided to acquire a Bored Ape as its first acquisition in building up a valuable portfolio of blue-chip NFTs since the Bored Ape Yacht Club is Yuga Labs’ premier NFT collection and is poised to grow in value with apes forming a core part of Yuga’s Otherside metaverse. The Otherside metaverse is aligned with BrainDAO’s vision of bridging the real world and the metaverse. BrainDAO also holds the IP rights to BrainApe and all the future Blue Chip NFTs in its portfolio bringing valuable IP to the IQ ecosystem. 

Licensing out BrainApe is just the first step in monetizing the intellectual property held by BrainDAO. The IP could also be used to create NFT derivatives and in many other ways to create value for IQ stakers. You may also see this brilliant Bored Ape leading the way for the upcoming new Everipedia site soon.

**About Feature**

Feature is a new kind of platform that empowers storytellers and generational IP to thrive in the Web3 space. We collaborate with some of the world’s most innovative creators and brands to compose experiences that reimagine what’s possible. The evolution in creative freedom is here. Come lead it with us.

[Twitter](https://twitter.com/featureio) | [Website](https://feature.io/) | [Discord](https://discord.com/invite/feature) | 

**About IQ**

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

BrainApe, the leader of BrainDAO and the IQ token, is up for Licensing on Feature

![ ](https://images.mirror-media.xyz/publication-images/Kv7cOJFp4ykYeOFyAkuxO.jpg?height=897&width=1600)

It’s time for the July edition of IQ Monthly News which covers IQ token news, growth, partnerships, and more. Everipedia was listed on a 1inch exchange, the rewards for the IQ/FRAX pair on Fraxswap went live, and Everipedia raffled off 100 of 100k club domains. Keep reading to stay up-to-date with Everipedia progress.

## Growth

### IQ Stats

The IQ volume is exploding: IQ saw over $541 million in volume over the last two weeks on Upbit alone. On decentralized exchanges, the IQ token has shown impressive growth in volume with more than [$11,490,000 on Ethereum via Sushiswap](https://analytics.sushi.com/pairs/0x9d45081706102e7aaddd0973268457527722e274), [$5,170,000 on Fraxswap](https://facts.frax.finance/pools/0xcB0bC7C879bb3E9CFEB9d8EFef653F33B3d242e9), and more than [$313,000 on Polygon via Fraxswap](https://facts.frax.finance/pools/0x1B238BDB3ae538Fc8201aA1475bFFc216e3B374f). The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity have also grown rapidly with IQ’s yield farming integration with [Frax Finance](https://app.frax.finance/) on [Fraxswap](https://everipedia.org/blog/rewards-are-now-live-for-iqfrax-pair-on-fraxswap).

### HiIQ Stats

With our new listing and the huge giveaway, IQ holders have staked more than 1.4 billion HiIQ by locking more than 410 million IQ tokens. The yield earned over 4 years is currently [over 390%](https://everipedia.org/iq/lock) as of writing. IQ stakers earn both IQ token rewards and the chance to win NFTs in NFT raffles. The majority of the stakers have locked their IQ up for over 3.5 years to earn maximum yield. [This guide](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) walks you through how to start staking your $IQ with #HiIQ. 

## Rewards for IQ/FRAX pair on Fraxswap Go Live

The [proposal to launch FXS rewards](https://snapshot.everipedia.com/#/proposal/0xd8f68ecb7aa7a397b36b560b9f367a5ab5fe4af8a529cde12d71a86240e9e396) passed with overwhelming support, so now anyone can earn FXS and IQ tokens on Frax Finance by providing liquidity to the [FRAX/IQ pair](https://app.frax.finance/staking/fraxswap-frax-iq-v3) on Fraxswap.

Here is a [guide](https://fraxfinancecommunity.medium.com/how-to-add-liquidity-to-frax-iq-pool-on-fraxswap-e5c9a514a3cf) on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the [IQ-FRAX pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap and then [stake the LP tokens here](https://app.frax.finance/staking/fraxswap-frax-iq) to earn both FXS and IQ tokens as rewards.

The pool is now also live on the FXS gauge system which will allow IQ/FRAX liquidity providers to earn more FXS emission rewards through the Frax gauge reward system. 

Ultimately, FXS rewards for IQ-FRAX liquidity providers on Fraxswap should increase the liquidity for the IQ token. It will provide rewards for BrainDAO and all IQ-FRAX liquidity providers which incentivize people to acquire IQ tokens creating additional utility and demand for IQ. As the value of FXS rises, the value of the rewards will increase, which should increase the demand for IQ from yield farmers.

## IQ Stakers Gained a 100 of 100k Club ENS by staking with HiIQ

In June, Everipedia raffled off 100 of [100k Club](https://www.ens.vision/categories/100k-club?page=0) ENS to [HiIQ stakers](https://everipedia.org/iq/lock) using [Chainlink VRF](https://chain.link/chainlink-vrf) on [Polygon](https://blog.polygon.technology/chainlink-vrf-is-live-on-polygon-providing-developers-with-a-secure-source-of-verifiable-randomness-94ec9815bc03/). The winners of the largest ENS giveaway in history by Everipedia have been announced on the[ IQ Dashboard](https://everipedia.org/iq/raffles) and the ENS have all been distributed to the winners. 

In spite of the current bear market, ENS (Ethereum Name Service) is the hottest NFT asset class in the market right now and it [continues to grow](https://twitter.com/ensdomainbroker/status/1537193333843542016). Some of the most notable ecent sales include [sam.eth](https://www.ens.vision/name/sam) which sold for 100 ETH (\~$122,300), [003\.eth](https://www.ens.vision/name/003) which sold for 83.5 ETH (\~$102,120), and [8888\.eth](https://www.ens.vision/name/8888.eth) which sold for 38 ETH ($46,474).  

Everipedia acquired its own ENS [everipedia.eth](https://twitter.com/ensjournal/status/1536507946397335553) in preparation for the overhaul & expansion of Everipedia’s encyclopedia on Ethereum L2. Additionally, we are determined to become a leader in the ENS community, and we plan to make it a focus after the relaunch on ETH L2. Our belief in ENS being a key component of the Ethereum ecosystem aligns with that of [Vitalik’s, the founder of Ethereum](https://twitter.com/address_eth/status/1539324859519475713). ENS will become a key part of the metaverse when it comes to digital identity.

Staking IQ tokens with HiIQ is a great way to earn IQ token rewards and enter raffles to win in-demand NFTs like ENS. If you haven’t staked IQ with [HiIQ](https://everipedia.org/iq/lock) already make sure to check out this [tutorial](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) which explains how to get started. 

## IQ is now listed on 1inch 

The [IQ token is now listed on 1inch](https://app.1inch.io/#/1/swap/IQ/FRAX), the leading DEX aggregator with 253 liquidity sources. IQ holders can now swap their [IQ token for all the tokens that are offered on 1inch](https://app.1inch.io/#/1/swap/IQ/FRAX/select-destination-token). 1inch is one of the most capital-efficient trading platforms and optimizes users' trades across hundreds of DEXes on multiple networks such as Ethereum, Gnosis, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom to ensure the best prices for users.

## Building the new Everipedia

Everipedia is the future! We are the largest crypto encyclopedia and right now we are working on a brand new fully web3 site with Metamask editing on Ethereum L2 where all edits are recorded on-chain and IPFS. There will be no censorship and full transparency. Public beta is coming soon.

## About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

IQ Monthly News - July 2022

![ ](https://images.mirror-media.xyz/publication-images/naFrZhQ0aG7EEOsA3XZJf.png?height=422&width=750)

The [IQ token is now listed on 1inch](https://app.1inch.io/#/1/swap/IQ/FRAX), the leading DEX aggregator with 253 liquidity sources. IQ holders can now swap their [IQ token for all the tokens that are offered on 1inch](https://app.1inch.io/#/1/swap/IQ/FRAX/select-destination-token). 1inch is one of the most capital-efficient trading platforms and optimizes users’ trades across hundreds of DEXes on multiple networks such as Ethereum, Gnosis, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom to ensure the best prices for users.

As the IQ volume is exploding, this listing comes at the perfect time. IQ saw over $541 million in volume over the last two weeks on Upbit alone. On decentralized exchanges, the IQ token has shown impressive growth in volume with more than [$11,490,000 on Ethereum via Sushiswap](https://analytics.sushi.com/pairs/0x9d45081706102e7aaddd0973268457527722e274), [$5,170,000 on Fraxswap](https://facts.frax.finance/pools/0xcB0bC7C879bb3E9CFEB9d8EFef653F33B3d242e9), and more than [$313,000 on Polygon via Fraxswap](https://facts.frax.finance/pools/0x1B238BDB3ae538Fc8201aA1475bFFc216e3B374f). The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity have also grown rapidly with IQ’s yield farming integration with [Frax Finance](https://app.frax.finance/) on [Fraxswap](https://everipedia.org/blog/rewards-are-now-live-for-iqfrax-pair-on-fraxswap).

Here is a [guide](https://fraxfinancecommunity.medium.com/how-to-add-liquidity-to-frax-iq-pool-on-fraxswap-e5c9a514a3cf) on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the [IQ-FRAX pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap and then [stake the LP tokens here](https://app.frax.finance/staking/fraxswap-frax-iq) to earn both FXS and IQ tokens as rewards.

Additionally, the Everipedia encyclopedia will be expanding and going fully Web3 with Metamask editing on Ethereum L2! A public beta of the new Everipedia website is coming out soon, don’t miss it!

**About 1inch**

The protocol provides aggregation information services on exchange protocols and networks. The core part of the protocol is the 1inch v4 smart contract, which performs runtime verification of transaction execution. As a result, user funds can't be lost even in case of interaction with an unsafe liquidity source. Since the smart contract ensures security, the protocol can be used in various aggregation information services, such as Pathfinder, developed and run by the 1inch Network. An aggregation information service from the 1inch Network. Within less than a second, it finds the best trading paths across multiple markets, taking gas costs into account. Pathfinder operates on 8 blockchain networks, enabling users to save up to 40% on gas fees.

[Website](https://app.1inch.io/) l [Twitter](https://twitter.com/intent/follow?screen_name=1inch) | [Medium](https://blog.1inch.io/?gi=b74bf224547e) | [Discord](https://discord.com/invite/1inch) | [Telegram](https://t.me/OneInchNetwork) | [Github](https://github.com/1inch) | [Documentation](https://docs.1inch.io/)

**About IQ**

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

IQ is now listed on 1inch

![ ](https://images.mirror-media.xyz/publication-images/rqfzV3P0S6bOq1VbfDaiG?height=422&width=750)

Everipedia raffled off 100 of [100k Club](https://www.ens.vision/categories/100k-club?page=0) ENS to [HiIQ stakers](https://everipedia.org/iq/lock) using [Chainlink VRF](https://chain.link/chainlink-vrf) on [Polygon](https://blog.polygon.technology/chainlink-vrf-is-live-on-polygon-providing-developers-with-a-secure-source-of-verifiable-randomness-94ec9815bc03/). The winners of the largest ENS giveaway in history by Everipedia have been announced on the[ IQ Dashboard](https://everipedia.org/iq/raffles) and the ENS have all been distributed to the winners. You can see the on-chain results through [Polygonscan](https://polygonscan.com/address/0xb7185e8332fc2ff1a02664312288e11c39c0dbd0#events).

The [Ethereum Name Service (ENS)](https://ens.domains/ko/) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.

ENS has similar goals to DNS, the Internet’s Domain Name Service, but has a significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.

In spite of the current bear market, ENS (Ethereum Name Service) is the hottest NFT asset class in the market right now and it [continues to grow](https://twitter.com/ensdomainbroker/status/1537193333843542016). Some of the most notable sales this month include [sam.eth](https://www.ens.vision/name/sam) which sold for 100 ETH (\~$122,300), [003\.eth](https://www.ens.vision/name/003) which sold for 83.5 ETH (\~$102,120), and [8888\.eth](https://www.ens.vision/name/8888.eth) which sold for 38 ETH ($46,474).

Everipedia acquired its own ENS [everipedia.eth](https://twitter.com/ensjournal/status/1536507946397335553) in preparation for the overhaul & expansion of Everipedia’s encyclopedia on Ethereum L2. Additionally, we are determined to become a leader in the ENS community, and we plan to make it a focus after the relaunch on ETH L2. Our belief in ENS being a key component of the Ethereum ecosystem aligns with that of [Vitalik’s, the founder of Ethereum](https://twitter.com/address_eth/status/1539324859519475713). ENS will become a key part of the metaverse when it comes to digital identity.

Staking IQ tokens with HiIQ is a great way to earn IQ token rewards and enter raffles to win in-demand NFTs like ENS. The yield earned over 4 years for HiIQ stakers is over 400% as of writing. HiIQ was created to incentivize IQ holders to become long-term holders who stake and lock up their IQ tokens with both IQ token rewards and NFT raffles. The HiIQ staking system allows IQ holders to choose how long they want to lock up their IQ for, the more IQ and the longer they lock up their IQ for the greater the number of rewards and the greater chance they will have to gain limited edition NFTs.

If you haven’t staked IQ with [HiIQ](https://everipedia.org/iq/lock) already make sure to check out this [tutorial](https://learn.everipedia.org/iq/iq/locking-hiiq/hiiq-staking-desktop) which explains how to get started.

With the launch of BrainDAO, First Web 3.0 Metaverse Fund and the recent partnership and our upcoming NFT project Brainies, there is a lot more planned for HiIQ stakers with more NFT raffles and news coming for stakers so stake IQ and stay tuned!

**About ENS (Ethereum Name Service)**

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.

[Website](https://ens.domains/) l [Twitter](https://twitter.com/ensdomains) | [Medium](https://medium.com/the-ethereum-name-service) | [Discord](https://chat.ens.domains/) | [Governance](https://ens.domains/governance/) | [Github](https://github.com/ensdomains) | [Documentation](https://docs.ens.domains/)

## About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

IQ Stakers have Gained a 100 of 100k Club ENS by staking with HiIQ

![](https://images.mirror-media.xyz/publication-images/HWew99Nc-P5zW66TYTliW?height=422&width=750)

Anyone can now earn FXS and IQ tokens on Fraxswap on Frax Finance by providing liquidity to the [FRAX/IQ pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap. Last week, the [proposal to launch FXS rewards](https://snapshot.everipedia.com/#/proposal/0xd8f68ecb7aa7a397b36b560b9f367a5ab5fe4af8a529cde12d71a86240e9e396) for IQ-FRAX on Fraxswap passed with overwhelming support.

Here is a [guide](https://fraxfinancecommunity.medium.com/how-to-add-liquidity-to-frax-iq-pool-on-fraxswap-e5c9a514a3cf) on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the [IQ-FRAX pair](https://app.frax.finance/swap/liquidity?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x579CEa1889991f68aCc35Ff5c3dd0621fF29b0C9) on Fraxswap and then [stake the LP tokens here](https://app.frax.finance/staking/fraxswap-frax-iq-v3) to earn both FXS and IQ tokens as rewards.

**Note: You must stake the LP tokens otherwise you will not receive any rewards.**

An allocation of 500,000 IQ/day will be issued to incentivize liquidity providers. Additionally, BrainDAO will allocate $200,000 of IQ per biweekly voting period at core team’s discretion to pay FXS holders to vote in favor of FXS rewards for IQ-FRAX liquidity providers through the Frax gauge system.

To ensure the program is sustainable, the core team will not put up more rewards than the DAO makes from its LP after the first 2 cycles. Voting in favor of FXS rewards for IQ-FRAX liquidity providers will ensure that IQ-FRAX liquidity providers receive a large share of FXS rewards from the FXS gauges. Since BrainDAO will provide liquidity to the IQ-FRAX pair this will allow BrainDAO to earn FXS rewards which can then be reinvested into sustainably increase the number of votes in favor of the gauge. Thus, allowing BrainDAO along with all IQ-FRAX liquidity providers to earn an increasing amount of rewards.

[Fraxswap](https://app.frax.finance/swap/main) is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by [Frax Finance](https://app.frax.finance/).

The pool is now also live on the FXS gauge system which will allow IQ/FRAX liquidity providers to earn more FXS emission rewards through the Frax gauge reward system.

The [FRAX gauge system](https://app.frax.finance/gauge) allows FXS holders to stake for up to 4 years to generate veFXS and vote where future FXS emissions are directed. Users can vote for FRAX gauge weights with their veFXS balance. They can distribute their voting power across multiple gauges or a single gauge. This allows veFXS holders who are the most long-term users of the protocol to have complete control over the future FXS emission rate. This system strongly favors LP providers who continually stake their rewards for veFXS to increase their pool's gauge weight.

Ultimately, FXS rewards for IQ-FRAX liquidity providers on Fraxswap should increase the liquidity for the IQ token. It will provide rewards for BrainDAO and all IQ-FRAX liquidity providers which incentivize people to acquire IQ tokens creating additional utility and demand for IQ. As the value of FXS rises, the value of the rewards will increase, which should increase the demand for IQ from yield farmers.

## About Fraxswap

Fraxswap is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by FraxFinance.

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The stablecoin (FRAX) is named after the “fractional-algorithmic” stability mechanism. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

**FRAX:** is the stablecoin targeting a tight band around $1/coin.

**Frax Shares (FXS):** is the governance token that accrues fees, seigniorage revenue, and excess collateral value.

[Twitter](https://twitter.com/Everipedia) | [Everipedia](https://everipedia.org/) | [IQ Dashboard](https://everipedia.org/iq) | [Reddit ](https://www.reddit.com/r/Everipedia/)| [Discord](https://discord.gg/t5QJKBhVdW) | [Telegram](https://t.me/IQtokenV2) | [Governance](http://snapshot.everipedia.com/#/) | [Github](https://github.com/EveripediaNetwork/Everipedia)

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