Quicksilver

Quicksilver is the Interchain Liquid Staking zone for Cosmos, an ecosystem of sovereign and interoperable zones (blockchains), interconnected via the Inter-Blockchain Communication Protocol (IBC). Quicksilver protocol enables users to delegate any IBC-compatible Asset to the validators of their choosing and receive a liquid staked voucher, or qAsset, allowing them to retain capital liquidity and freedom to pursue Defi opportunities while securing the native chains.

QCK is Quicksilver’s native token, used to determine the future of the protocol and chain via governance, to incentivize network participation, and for paying transaction fees on the network.

Quicksilver offers a different liquid staking model than traditional liquid staking:

Quicksilver: A New Model for Liquid Staking ** - Unrestricted Validator Set - All validators on a native chain are available for staking through the protocol; users can choose any validator instead of just from a whitelist. - Staking to a Preferred Validator - The Signaling Intent feature (launching 2023) allows the user to tell the protocol where it would like them to allocate stake on their behalf. The protocol distributes stake based on the collective intent of all users. - Governance Participation -** The Governance by Proxy feature (launching 2023) will allow users to vote on native chain proposals directly in the Quicksilver dApp without unstaking their assets.

The Quicksilver liquid staking protocol operates as follows: users stake their native tokens on the platform, and in return, they receive a qAsset, or a voucher representing their staked assets.

These liquid staking tokens can be used for various DeFi activities, such as participating in governance, providing liquidity to automated market maker (AMM) pools, and engaging in lending and borrowing. The protocol delivers autocompounded staking rewards, resulting in a slightly higher base APY for native assets staked on Quicksilver versus standard staking.

The QCK Token The QCK token is the native utility token of the Quicksilver ecosystem. It serves three main functions:

1. Governance: Quicksilver is owned by its token holders. QCK token holders can participate in the governance process by proposing and voting on protocol upgrades, modifications, and other essential decisions. 2. Incentivization: QCK tokens incentivize community participation, including rewarding users who stake QCK to secure the Quicksilver blockchain, liquidity incentives for AMM pools, and airdrops. This incentivization mechanism helps to encourage user engagement and grow the Quicksilver community. 3. Platform fees: QCK tokens pay for various services within the Quicksilver ecosystem, such as transaction fees. Transaction fees are redistributed to validators as compensation for including a transaction in a block.

The genesis supply of QCK is 200,000,000 and the current total supply of QCK is 400,000,000. Inflation rates & incentives distribution are determined by community governance.

Quicksilver is committed to a fair and transparent distribution of QCK tokens. The protocol employs a continuous airdrop mechanism to ensure that all participants have an opportunity to benefit from the platform's growth. This approach promotes a fairer of assets among token holders and fosters a strong, engaged community.

About the Quicksilver Chain The Quicksilver Chain is a decentralized, permissionless blockchain designed to support the protocol's liquid staking functions. It is secured by a Proof of Stake (PoS) consensus mechanism, which relies on validators to produce blocks and maintain the network's security. Validators enter the active set based on the amount of QCK tokens they have staked and their reputation within the ecosystem.

Built on the Cosmos SDK, Quicksilver leverages the high-speed Inter-Blockchain Communication (IBC) protocol for seamless interactions between different blockchains. As more chains adopt the IBC, Quicksilver will scale to meet demand, expanding its utility and applicability across various ecosystems.