Osmosis Zone Liquid Staking is Now Available on Quicksilver Protocol
Thank you to the team at Osmosis Community Updates for their collaboration on this article.
Quicksilver liquid staking protocol has onboarded the Osmosis chain! Holders of OSMO tokens will now be able to stake their OSMO and receive qOSMO for use in DeFi. Liquid staked OSMO receives compounded staking rewards. It is a major step for Quicksilver to onboard the leading AMM and DEX in Cosmos, and we are looking forward to welcoming the Osmosis community to Quicksilver.
Get to Know Osmosis
Osmosis is the first decentralized exchange powered by the Cosmos SDK and IBC. It has long been the leading DEX in Cosmos in terms of depth of liquidity and had >$17bn USD in trading volume in 2022. The DEX offers permissionless listings for IBC-enabled tokens, standard asset pools, stableswap pools, incentivized pools, and non-IBC assets bridged from Ethereum and Polkadot.
Osmosis is a layer 1 app chain in addition to a DEX. In 2022, the Osmosis team launched Superfluid staking, where the underlying OSMO in an LP position can be staked to secure the network and the user can receive both LP and staking rewards. In 2023, the appchain welcomed Avalanche, giving Cosmos access to the seventh-largest DeFi ecosystem in the world and bringing EVM-compatible stablecoin liquidity & users to Cosmos.
The Osmosis ecosystem is fast-growing. Skip Protocol has brought MEV revenue capture, and Mars Protocol has brought borrowing and lending to the chain. Regen Network plans to host an on-chain carbon market on Osmosis and has built a custom bridge to facilitate this effort.
Most of all, Osmosis’s community contributes to its continued expansion. The community contributes to governance, manages a DAO with multiple subDAOs, and runs a host of Osmosis news channels, social media accounts, and community clubs. Quicksilver is thrilled to offer liquid staking & qOSMO to the vibrant Osmosis community.
The OSMO Token
OSMO is the Osmosis chain’s utility and governance token, and OSMO rewards are a significant portion of incentives given out on the DEX. Holders of OSMO can vote via governance on incentive provisioning for the pools on the DEX. They can also earn OSMO rewards for staking to secure the chain.
- Tokenomics: https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db
- Coinmarketcap listing: https://coinmarketcap.com/currencies/osmosis/
- Coingecko listing: https://www.coingecko.com/en/coins/osmosis
Get in Touch with Osmosis
- Website: https://osmosis.zone/
- Telegram: https://t.me/osmosis_chat
- Discord: https://discord.com/invite/osmosis
- Reddit: https://www.reddit.com/r/OsmosisLab/
- Official Twitter: https://twitter.com/osmosiszone
- Community Updates Twitter: https://twitter.com/OsmosisCC
- Support Lab: https://twitter.com/OsmoSupportLab
- Github: https://github.com/osmosis-labs/osmosis
- Blog: https://osmosis.zone/blog
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Quicksilver is the interchain liquid staking protocol for the Cosmos ecosystem and beyond.
Medium: https://medium.com/quicksilverzone
Twitter: https://twitter.com/quicksilverzone
Discord: https://discord.gg/quicksilverprotocol
Telegram: https://t.me/quicksilverzone
