Quicksilver
Quicksilver is identified as "The Cosmos Liquid Staking Zone," representing a pivotal protocol within the Cosmos ecosystem designed to facilitate liquid staking of Cosmos assets.
Overview
Quicksilver Protocol allows Cosmos asset holders to stake their assets with their chosen validator and receive liquid staked assets (qASSETs). These qASSETs can be utilized for various financial activities within the ecosystem, such as swapping, pooling, lending, and more, while the original stake continues to earn staking APY for securing the network.
Key Features
Custom Built for Cosmos: Specifically designed to cater to the Cosmos ecosystem, enhancing its staking and governance mechanisms.
Liquid Staking: Stake Cosmos assets and receive qASSETs to maintain liquidity and participate in other DeFi activities.
Choose Any Validator: There's no whitelist for validators, allowing users to stake their assets with any validator on the supported chains.
Earn Rewards: Stakers can earn staking APY and additional rewards when staking with high-performance validators.
Governance Rights: Liquid staked asset holders retain their governance rights on the native chain, marking a first in the Cosmos ecosystem.
Quicksilver for Chains
Zero Development Work: Integrating with Quicksilver Liquid Staking is streamlined, requiring just a governance proposal from eligible chains.
Plug & Play Onboarding: Utilizes ICA to control stake accounts over IBC for a quick and easy setup.
Frictionless User Experience: The Liquidity Staking Module facilitates seamless asset transfers of staked positions.
Open Access: Offers access to users and liquidity across over 50 IBC-enabled chains with no custom development work required for partner chains.
The QCK Token
Utility Token: QCK is the utility token of Quicksilver, granting holders ownership and governance rights within the Quicksilver Protocol.
Protocol Governance: QCK holders can vote in on-chain governance decisions to shape the future of Quicksilver.
Network Security and Transactions: Stake QCK tokens to secure Quicksilver’s chain and use them to pay for network transaction fees.
Strategic Partners and Airdrop
Quicksilver is supported by a wide range of strategic partners, including 01node, Cerulean VC, Chorus One, and many others, indicating strong backing from the crypto community. The protocol plans to distribute QCK tokens through airdrops to eligible stakers as new chains are onboarded, emphasizing its commitment to decentralization and community empowerment.
Conclusion
Quicksilver positions itself as a key player in the Cosmos ecosystem, offering innovative solutions for liquid staking and enhancing the overall DeFi and governance experience for its users. With its focus on accessibility, rewards, and community governance, Quicksilver aims to significantly contribute to the growth and decentralization of the Cosmos network.
For the most accurate and up-to-date information on how to engage with the Quicksilver ecosystem, visit their official website: Quicksilver.zone.
RPC: http://quicksilver.testnet.rpc.noders.team:30657
API: http://quicksilver.testnet.rest.noders.team:30317
gRPC: http://quicksilver.testnet.grpc.noders.team:30090
Peer:
Social resources:
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