QuicksilverZone
Published in

QuicksilverZone

The Quicksilver Zone: A Net Positive

The security of native chains onboarded on Quicksilver, DeFi, and governance: Three verticals that can, at times, be at odds with each other. Currently on Cosmos, if a staker wants to participate in DeFi, he or she would most likely have to unbond his or her stake. Then this user would either redelegate these assets to a liquid staking protocol, or go directly into his or her DeFi protocol of choice without participating in staking. If this staker opts for liquid staking as it is today, he or she would forgo their governance rights entirely. Quicksilver aims to eliminate these barriers to entry.

Security

As a Liquid Staking protocol, stakers will be able to use Quicksilver to participate in DeFi protocols while continuing to secure native chains. Furthermore, Quicksilver users will be able to do so without having to unstake their assets.

By incorporating Iqlusion’s liquidity staking module, Quicksilver will allow users to transfer existing staked delegations directly into the protocol without unstaking them, forgoing the 14 day unbonding period. This means zones will benefit from continuous security as stakers transfer their delegations into liquid staking on Quicksilver.

Furthermore, by providing users validator choice, as opposed to restricting users to a preselected few validators, the protocol will avoid unevenly enabling a few actors. This aims to encourage decentralization, which, in turn, could help increase network security and censorship resistance.

DeFi

As a liquid staking solution, Quicksilver is, by definition, a gateway to DeFi. However, because Quicksilver users will not have to choose between participating in DeFi and participating in governance, the Quicksilver team hopes the protocol will help catalyze a DeFi boom in the Cosmos. Furthermore, because Quicksilver will be its own zone, developers and Cosmonauts will be able to build DeFi applications on top of it, taking advantage of the assets in the protocol. Quicksilver plans to integrate CosmWasm as well, enabling a whole range of protocols to be developed on Quicksilver without bootstrapping liquidity. 20% of Quicksilver’s Genesis supply will be allocated to building projects such as DeFi protocols on top of the Quicksilver chain, using qAssets as base collateral.

Governance

Quicksilver aims to do more than just boost DeFi. The protocol will allow users to keep their voting rights through its governance by proxy feature. Governance by proxy will enable the protocol to mirror the proposals of native chains onboarded on the protocol and allow users to vote. The protocol will then mirror users’ intent on behalf of the delegations, allowing users to participate in governance.

By allowing security, DeFi, and governance to synergistically exist and help catalyze each other, Quicksilver aims to create a net positive effect throughout the Cosmos.

--

--

--

Interchain Liquid Staking for the Cosmos ecosystem and beyond.

Recommended from Medium

Tried “Twiggy” in practice Offsec Proving Grounds.

How police backdoors for online services let sextortionists target children

A padlocked barn door. The rusty padlock is emblazoned with a toy ‘Junior Police’ badge. Its hasp has been severed and a light-flare is shining through the severed portion. The barn door has been superimposed with a Matrix ‘waterfall’ effect. Image: Paulo Valdivieso https://www.flickr.com/photos/p_valdivieso/42906748201 CC BY-SA 2.0, modified https://creativecommons.org/licenses/by-sa/2.0/

A Digital Wallet in One App with One Password

Fintropy’s Audit by Hacken

NFT11 Whitelist for DAOStarter IDO is now OPEN

Reading 01: hate’s a strong word, but so is “hacker”

DDoS: UDP is not the source of the problem

Subnet-to-Subnet SNAT/DNAT on Fortinet Firewalls with Central NAT

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Quicksilver Zone

Quicksilver Zone

Quicksilver: The Cosmos Liquid Staking Zone

More from Medium

Co-Founder Vish Modali Makes the Case for Quicksilver at ZKV’s Privacy in Cosmos

Emeris Beta Integrates a New Chain -Crescent Network

Hack the Cosmos with Nebula!

AssetMantle Overview