Unlocking QSR: Your Guide to Acquiring and Leveraging Quasar’s Native Token

Understanding QSR Token

The $QSR token serves as the backbone of the Quasar blockchain. Its primary roles include:

1. Securing the Network: $QSR is used in Quasar’s proof-of-stake (PoS) consensus mechanism. Validators stake $QSR to participate in network operations, securing the blockchain against various types of attacks while ensuring transaction and block validation.
2. Transaction Fees: All on-chain transactions on the Quasar network require $QSR for gas. This usage not only facilitates operations but also helps in regulating the network’s load and preventing spam transactions.
3. Governance: $QSR holders have governance rights, which means they can vote on various proposals that shape the development and operational aspects of Quasar. This includes decisions on network upgrades, parameter changes, and the introduction of new features.
4. DeFi: $QSR token holders can provide liquidity to Osmosis DEX by depositing $QSR and other assets into liquidity pools, enhancing market depth and efficiency. In return, they earn trading fees and incentives. Quasar CL Vaults allow for passive management of these positions, optimizing yields and market exposure, thereby supporting the broader DeFi ecosystem.
5. And more to come!

Staking and Liquidity Provision on Quasar

Quasar offers two primary pathways for $QSR token utilization: staking and liquidity provisioning. Each pathway caters to different user needs and risk profiles.

QSR Staking

Staking is designed for users who prefer secure, long-term strategies. QSR stakers can expect around 5.8% APR. It involves locking up QSR tokens to support network security and operation. Note that unbonding period for QSR is set for 21 days. The staking process is flexible, allowing users to choose from various validators. Furthermore, stakers participate in governance decisions, contributing to the democratic management of the Quasar chain functions.

Liquidity Provision on Osmosis

For those interested in a more active role, providing liquidity on the Osmosis DEX presents an exciting opportunity. Users can directly manage their assets or opt for a more automated approach via Quasar Vaults. These vaults use sophisticated strategies to optimize liquidity positions, potentially offering higher returns compared to standard liquidity provisioning.

• Manual Management: This option involves active daily management of asset positions within the liquidity pool. It’s suitable for experienced users who can dedicate time to monitor and adjust their positions.

• Passive Management with Quasar Vaults: For users seeking a hands-off experience, Quasar Vaults provide an passive liquidity management solution. By leveraging off-chain computed strategies, these vaults maintain optimal positions within the pool, enhancing yield potential without the daily management requirement.

Step-by-Step Guide to Acquiring QSR Tokens

Acquiring $QSR tokens can be approached through various platforms, each catering to different user needs and expertise levels. Below, we provide detailed instructions for two popular methods: using IBC.FUN for simple, cross-chain transactions and engaging with Osmosis DEX for those interested in trading and liquidity provision.

1. Acquiring QSR via ibc.fun

ibc.fun is a user-friendly platform by Skip team that facilitates the easy transfer of assets across different chains that support IBC, CCTP and other protocols and bridges. This method is ideal for beginners due to its simplicity and low transaction fees.

Required Time: Approximately 3 minutes

Difficulty Level: Easy

Steps:

1. Wallet Setup: Ensure you have a compatible wallet like Metamask, Keplr, Leap, or Cosmostation. Each wallet must be configured to connect to the blockchain from which you are transferring assets (e.g., Ethereum, Solana, or Avalanche).
2. Connecting to IBC.FUN:

• Visit the ibc.fun website.
• Connect your wallet by selecting the appropriate option from the platform’s interface.

3. Selecting Assets and Chains:

• Choose the asset you wish to use (e.g., USDC, ETH, etc).
• Specify the target chain where you want to receive QSR tokens

4. Executing the Transaction:

• Follow the platform’s instructions to complete the asset transfer.
• Confirm the transaction in your wallet, ensuring to review the transaction fee and expected processing time.

5. Receiving QSR:

• Once the transaction is confirmed, the QSR tokens will be deposited into your wallet on the specified chain.

This method is straightforward and designed to minimize technical challenges, making it an excellent choice for those new to Cosmos Ecosystem and IBC transactions.

2. Trading on Osmosis DEX

For users interested in a more hands-on approach, trading on Osmosis DEX offers the opportunity to buy and sell QSR through a decentralized exchange. This method is suitable for those with some experience in crypto trading.

Required Time: Variable, depending on the transaction complexity

Difficulty Level: Medium

Steps:

1. Accessing Osmosis:

• Navigate to the Osmosis DEX website.
• Connect your wallet (Keplr or Leap are highly recommended for seamless integration with the Cosmos Ecosystem).

2. Funding Your Wallet:

• Transfer assets to your Osmosis address. This can be done by:
• Depositing directly from another exchange that supports $OSMO.
• Depositing from Osmosis’s “Assets” page from compatible blockchains
• Using IBC (directly in Keplr, Leap or on ibc.fun) to transfer assets from compatible blockchains.

3. Trading for QSR:

• Go to the trading interface on Osmosis.
• Select the QSR trading pair with the asset you hold (e.g., QSR/OSMO).
• Choose the amount.

4. Managing Your QSR Holdings:

• QSR tokens will appear in your wallet.
• You can hold these tokens, provide liquidity directly on Osmosis or app.quasar.fi, or transfer them to Quasar chain and stake.

If you have any further questions or need assistance, feel free to reach out to us through your preferred channel: Telegram or Discord. For more confidential support, you can contact our support team directly on app.quasar.fi (look for the blue icon in the lower right corner of the app). Private support is also available in the Discord #create-a-ticket channel and in Telegram via the Quasar Support Bot.

Please remain vigilant, as our admins or team members will never contact you first, ask to validate your address/wallet, or offer help with any airdrop claims. Always verify information through our official Twitter: QuasarFi Twitter.