Quicksilver & Quasar Partner to Launch QIT
We are delighted to announce a strategic partnership between Quicksilver and Quasar.Fi to launch the Quasar Index Token (QIT). This collaboration brings together Quicksilver’s cutting-edge usage of ICA and ICQ with Quasar’s innovative vault technology to bring the liquid-staking index token QIT to Cosmos.
Quicksilver governance has approved Quasar to use Quicksilver as the bedrock for building its index token due to the flexibility of our composable architecture. Quasar’s index will consist of a market basket of IBC assets that will be liquid staked through the Quicksilver platform; the Quicksilver architecture enables the Quasar host account to select its preferred set of validators for liquid staking across all of the supported chains, and adjust the validator staking weights on an as-needed basis through the upcoming signaling intent functionality.
QIT represents a strategic blend of Cosmos assets, creating a diversified and dynamic market basket comprised of blue chip IBC ecosystem projects. Any project listed in the QIT and new to the Quicksilver ecosystem will be onboarded onto the Quicksilver protocol for liquid staking, and most of these will also be opened for public usage on the main Quicksilver front end. Stay tuned for information on which chains will be onboarded & when.
The teams at Quicksilver and Quasar are closely collaborating throughout the development process of QIT. Our partnership is underscored by a shared vision and commitment to pushing the use cases of IBC. This innovative integration expresses our commitment to providing streamlined solutions, ensuring superior efficiency and unparalleled security.
Stay tuned for regular updates on the QIT development process from Quicksilver & Quasar. We are looking forward to the exciting journey ahead.
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Quicksilver is the interchain liquid staking protocol for the Cosmos ecosystem and beyond.
