Protocol LAUNCH! Here’s What to Expect

We’re excited to announce that Quicksilver protocol is launching! This article will give details on what to expect during launch.

Access the protocol starting on Friday, December 23 at 12PM UTC: https://app.quicksilver.zone/

About Launch

The first chain to be integrated to Quicksilver protocol is Cosmos Hub. Protocol users will be able to stake their ATOM and receive qATOM.

The development team has made the strategic choice to release the Protocol in a phased manner in order to deliver Quicksilver’s Liquid Staking solution to Cosmos in a measured, secure and flexible manner. This will help ensure that the novel liquid staking mechanisms have the net positive benefit on the ecosystem they were intended to have.

Launch timing ⏰ is planned for December 23, after the proposal passes on-chain to register the Cosmos Hub: https://www.mintscan.io/quicksilver/proposals/1.

Protocol Product Demo

Watch a demo of how the protocol works and read more about features below.

Features Available at Launch

✅ Access the sleek new UI

UX is at the heart of Quicksilver’s product design. UX will be critical for a mass adoption of crypto, and the Cosmos ecosystem has led DeFi in providing an excellent UX/UI experience.

In addition, you’ll find that the Validator Selection page randomizes each time you use it, to help ensure that all validators get a chance to appear at the top of the page to support decentralization.

✅ Staking ATOM

We’re happy to announce that staking transactions for ATOM are available at launch.

✅ Receiving qATOM

You’ll receive qATOM when you stake your ATOM. We’ll be launching pools for qATOM & other qAssets on Osmosis in early 2023, which will be incentivized by the team soon after.

✅ Keplr and Ledger support

Keplr and Ledger will be supported at launch with Cosmostation coming soon.

Features Coming Soon

1️⃣ Unbonding

The Unbonding feature, allowing you to exit the protocol, will be enabled early January 2023. Any assets you stake to the protocol will remain locked until that time.

2️⃣ Signaling Intent

Signaling Intent will be enabled early Q1 2023. Until then, your stake will be allocated evenly amongst all the active validators of the chain. However, you can use the sliders to determine how the protocol should start allocating your stake once Signaling Intent is enabled.

If you signal intent several times before the feature is enabled, the protocol will take into consideration the final intent you set.

The estimated timing for this feature is Q1 2023.

3️⃣ Participation Rewards

Each epoch, qAsset holders will be able to claim Participation Rewards, a portion of QCK emissions rewarding users for signaling intent to performant and decentralized validators. This feature is timed for Q1 2023.

4️⃣ Governance by Proxy

Governance by proxy will enable qAsset holders to retain their voting rights while liquid staking. This feature is planned for later in 2023.

What’s Next after Launch of the Protocol & Cosmos Hub Onboarding

After launch, the Quicksilver team will be full steam ahead adding new chains to the protocol, with Stargaze, Osmosis, and Juno coming soon. Inflation for stakers will start. Plus, the team will be launching Asset:qAsset pools on the Osmosis Dex, and incentivise them with QCK soonafter.

A huge thank you to our community who have made this effort possible. We are excited to be building and contributing to the Cosmos ecosystem. Let’s go Quicksilver 🚀

Quicksilver is the interchain liquid staking protocol for the Cosmos ecosystem and beyond.
Quicksilver on Medium: https://medium.com/quicksilverzone
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Quicksilver on Discord: https://discord.gg/bfVyZHeh