Quicksilver QCK Price

Quicksilver $QCK is a permissionless, sovereign blockchain designed to address the capital inefficiencies inherent in Proof-of-Stake (PoS) networks. By allowing users to stake their assets and receive liquid representations called qAssets, Quicksilver $QCK ensures that users can participate in DeFi activities without sacrificing staking rewards or governance participation. Quicksilver $QCK is developed by Ingenuity Ltd, with key team members including Joe Bowman (CEO), Vish Modali (CPO), and Roea Mortaki (COO). The protocol is supported by a range of strategic partners, such as Chorus One, Figment Capital, OKX Ventures, and Iqlusion, among others.

Key Features of Quicksilver $QCK

• Unrestricted Validator Choice: Unlike many liquid staking providers that limit delegations to a select group of validators, Quicksilver $QCK empowers users to delegate to any validator on the supported chain, promoting decentralization and preventing the concentration of power. 

• Governance by Proxy: Quicksilver $QCK introduces a Governance by Proxy feature, allowing users to retain their voting rights even when their assets are liquid-staked. This ensures active community involvement in network governance and prevents the centralization of decision-making power. 

• Participation Rewards: Users benefit from auto-compounded staking rewards, with a 3.5% fee on staking rewards redistributed to $QCK stakers. This mechanism incentivizes active participation and rewards users in the native assets of all onboarded chains. 

• Seamless Integration for Chains: Quicksilver $QCK offers a plug-and-play onboarding process for eligible chains, requiring no custom development work. By utilizing Inter-Blockchain Communication (IBC) and Interchain Accounts (ICA), chains can easily integrate with Quicksilver $QCK and provide their users with liquid staking capabilities.

Use Cases of Quicksilver $QCK

• Enhanced Liquidity: Users can stake their assets and receive qAssets, which can be used in various DeFi applications, such as swapping, pooling, and lending, without waiting for unbonding periods.
   
• Decentralized Governance: Through the Governance by Proxy feature, users maintain their voting rights, ensuring that governance remains decentralized and community-driven.
   
• Cross-Chain Staking: By supporting any IBC-enabled chain, Quicksilver $QCK allows users to stake assets across multiple blockchains, enhancing interoperability within the Cosmos ecosystem.
   
• Incentivized Participation: The redistribution of staking rewards to $QCK stakers encourages active participation and aligns the interests of users with the health and security of the network.

Conclusion

Quicksilver $QCK presents a robust solution to the challenges of liquidity and governance in Proof-of-Stake networks. By enabling users to stake assets across multiple chains while retaining liquidity and voting rights, Quicksilver $QCK fosters a more decentralized and efficient DeFi ecosystem within the Cosmos network. Its innovative features and strong backing position it as a significant player in the advancement of Web3 technologies.

What is unique about Quicksilver (QCK)?

Quicksilver $QCK allows users to stake assets on any IBC-enabled chain while retaining liquidity and governance rights, promoting decentralization and active participation.

Who are the founders of Quicksilver (QCK)?

The founders of Quicksilver $QCK are Joe Bowman (CEO), Vish Modali (CPO), and Roea Mortaki (COO).

Who are the backers/investors of Quicksilver (QCK)?

Strategic partners of Quicksilver $QCK include Chorus One, Figment Capital, OKX Ventures, Iqlusion, and others.