What do you know about @quicksilverzone? It is a new Liquid Staking protocol in the #CosmosEcosystem
Let’s take a deep dive to know more about it... #Thread 🧵👇
@quicksilverzone 1/ Let's start by understanding how does #LiquidStaking work?
In LS, users can access their staked tokens without waiting for the regular unbonding period like in the traditional PoS #staking by giving the user a token that is pegged 1:1 with their initial staked token
@quicksilverzone 2/ This liquid token can be used freely in the ecosystem 🌐
Check out our Liquid Staking post to keep learning about the fundamentals of Liquid Staking! 👇
@quicksilverzone 3/ Now let’s see what makes @quicksilverzone special 👀
➡️ Unrestricted Validator Choice: users will be able to delegate to any validator of a native chain when liquid staking on Quicksilver, which means a higher decentralization
@quicksilverzone 4/ ➡️ Scalability: @quicksilverzone will be scalable to any IBC-connected, ICA-enabled zone in the #CosmosEcosystem
Only a governance proposal is needed to onboard a new zone! 🗳️👍
@quicksilverzone 5/ ➡️ Governance by Proxy: with Quicksilver, users that are liquid staking their assets will retain their voting rights
Quicksilver will allow users to participate in governance while participating in #DeFi! 🚀
@quicksilverzone 6/ ➡️ Participation Rewards: this type of reward is intended for liquid stakers who opt for staking with smaller validators, which means a higher decentralization in the Quicksilver network
@quicksilverzone 7/ ➡️Frictionless UX: Quicksilver is designed to make the liquid staking experience as simple as possible by lowering the entry barrier to new users
@quicksilverzone 8/ Finally, more than 50% of the genesis supply will be distributed to the community following their $QCK #airdrop strategy!
💡 Note that these tokens will be gradually distributed to the eligible stakers of all the zones onboarded over time
@quicksilverzone 9/ Just like you, we're looking forward to the @quicksilverzone mainnet launch, but we're glad to know that they'll be at @CosmoverseHQ to keep us updated on the project!
🔗quicksilver.zone
@quicksilverzone @CosmoverseHQ Thanks for reading! If you liked this thread, feel free to share it 😇
We'll be back soon with more content about @quicksilverzone and more liquid staking updates 👋
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