The acronym QIF refers to the Quanterra Insurance Fund, a separate wallet within Quanterra's QAP system. The QIF wallet is backed by an algorithm that underpins the Rebase Rewards and is financed by a portion of the buy and sell trading fees accrued in the QIF wallet.
In simple terms, the staking rewards (rebase rewards) distributed every 15 minutes at a rate of 0.02355 percent are backed by the QIF parameter, ensuring that $QUANT holders receive a high and stable interest rate.
5% of all trading fees are held in the Quanterra Insurance Fund, which helps sustain and back the positive rebase staking rewards.
QIF protects holders by:
Using price stability to avert a flash crash
Assuring the Quanterra Protocol's long-term viability and future growth