Quicksilver provides a liquid staking solution for Cosmos assets, allowing users to stake with any validator while receiving liquid staked assets (qASSETs) for additional financial activities like swapping and lending. This approach enhances liquidity and user experience in decentralized finance without compromising network security, enabling seamless collaboration across over 50 IBC-enabled chains.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the Cosmos ecosystem, staking assets often locks them, preventing users from participating in other DeFi activities. This illiquidity limits capital efficiency and restricts users from leveraging their staked assets for additional financial opportunities.
Solution
Quicksilver provides a liquid staking zone custom-built for Cosmos, allowing users to stake their assets and receive liquid staked assets (qASSETs) in return. These qASSETs can then be used for swapping, pooling, lending, and other DeFi activities, all while the original stake continues to earn staking rewards and secure the network. By eliminating the need to unstake assets to participate in DeFi, Quicksilver enhances capital efficiency and unlocks new opportunities for Cosmos users.
Target Audience
The primary target audience includes Cosmos stakers seeking to unlock the liquidity of their staked assets, as well as Cosmos chains looking to easily integrate liquid staking functionality.
Features
- Liquid staking of Cosmos assets with any validator on supported chains
- Receipt of qASSETs representing staked assets, enabling participation in DeFi activities
- Staking APY earned on original stake while qASSETs are utilized
- Governance rights retained on the native chain when staking via Quicksilver
- Interchain Accounts (ICA) used to control stake accounts over IBC for easy onboarding of new chains
- Liquidity Staking Module for seamless asset transfers of staked positions
- QCK token for on-chain governance, network security, and transaction fee payments