Quicksilver Protocol on Cosmos

Quicksilver is arriving, get ready for the airdrop ATOM/OSMO/JUNO stakers

By Cosmonauta | Cosmonaut | 16 Aug 2022


Airdrop? Keep it coming with Quicksilver!

As you might already know, Quicksilver ($QCK) is airdropping over %50 of their genesis supply! For now, there will be 3 Zones in the the protocol at the launch, meaning ATOM, JUNO, and OSMO stakers will receive a $QCK airdrop. So get prepared! 

For now, there is no way to know exactly how much you get or when you get but probably in less than 2 weeks.

To learn more about interesting airdrop release model, take a look at this article and be sure to follow their twitter for more information.

 

BTW, what is Quicksilver?

If you don't know what is Quicksilver Protocol, let me summarize in few words; it's a liquid staking protocol designed for the Cosmos ecosystem. If you want to go deep and inform yourself better (like anyone willing to invest in a project, here is the whitepaper). You might ask yourself "well. lots of liquid staking protocols are here, what's the deal?". By their own words:

  1. Quicksilver will be secured by a validator set of at least 100 nodes at genesis.
  2. In order to promote decentralization, Quicksilver will allow delegation to all validators on the target chain by default, rather than restricting delegation to a restricted validator set. Quicksilver Governance will be able to deny delegation to specific validators as it sees fit (e.g. Centralized exchange validators, or those whose behavior is detrimental to the chain).
  3. Quicksilver will be able to scale to onboard any IBC-enabled chain that supports Interchain Accounts.
  4. The Quicksilver Protocol will allow users to maintain their governance rights on any onboarded chain through its Governance by Proxy feature, which will be released in the chain’s first upgrade post-genesis. Edited on 22.06.2022.
  5. Quicksilver will incentivize users to delegate to decentralized, performant validators that are active in governance through its Participation Rewards feature. Edited on 22.06.2022.
  6. Quicksilver will be wholly Cosmos-community owned. From early-investors to airdrops, all QCK token holders will be within the Cosmos ecosystem, therefore the protocol will be governed by individuals and teams with a vested interest in the ecosystem.

 

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