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Quicksilver

P2P Joines Quicksilver Mainnet as a Genesis Validator

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Liquid staking became one of the key elements of modern DeFi. It gives higher flexibility for end users and allows them to capitalize on illiquid staking positions based on their risk appetite. Liquid staking can improve decentralization and censorship resistance for the underlying proof-of-stake network. Quicksilver is a sovereign protocol that aims to bring liquid staking to the broad Cosmos ecosystem.

Most TVL in Cosmos is locked in staking making users decide between DeFi and participation in network security. Quicksilver will utilize the liquidity staking module (LSM) that allows delegators to avoid unstaking their assets and make deposits into the protocol without losing rewards during the unbonding period. It also helps to maintain better security of the underlying chain. In the long term, it will seamlessly boost DeFi within the Cosmos ecosystem involving a portion of assets that are locked in staking and not transferable.

Quicksilver Protocol will be able to query the number of qAssets of a user and provide the ability to participate in governance according to the voting power, without the need to return qAssets. Through its concept of proxy governance, users will be able to vote on proposals directly through Quicksilver.

We are thrilled to announce that P2P.ORG joins Quicksilver as a genesis validator. It aligns with our intention to improve security, censorship resistance, and support better decentralization.

P2P has broad expertise in operating Cosmos SDK chains. We participated in the launch of Cosmos Hub mainnet and more than 10 other networks. P2P participated in the Quicksilver testnets to get familiar with operation specifics and prepare for mainnet launch. Our team provides 24/7 technical support and maintenance using best security practices.

About Quicksilver

Quicksilver is a liquid staking protocol that will bring liquidity to staked assets within Cosmos ecosystem. The team consists of former engineers from Chorus One. Quicksilver funding was received from investors like Strangelove Ventures, Interop Ventures, Iqlusion, Ki Foundation, Cerulean Ventures, and validators aligned with the ecosystem's values. More than 50% of QCK supply is expected to be airdropped to the users.

Learn more by visiting the official website and Twitter. If you are a developer, explore Quicksilver in more detail on Discord.

About P2P Validator

P2P Validator is a world-leading staking provider with the best industry security practices AAA SR-rating and proven expertise. We provide comprehensive due diligence on digital assets and offer only top-notch staking opportunities. At the time of the latest update, more than 750 million USD value is staked with P2P Validator by over 35,000 delegators across 40+ networks. We have successfully participated in Quicksilver testnets willing to provide long-term strategic support to the project.

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Alex Bond

Research & Analytics at p2p.org.

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