What is Quicksilver?
Quicksilver is a permissionless, sovereign Cosmos SDK zone providing liquid staking for the entire Interchain ecosystem.
The Quicksilver Protocol allows delegators of proof-of-stake network stake assets against any validator running on IBC-enabled chains. In turn, delegators receive derivative vouchers representative of their staking positions. Built using the Cosmos SDK, Quicksilver provides Interchain Liquid Staking that scales to all validators across the network of IBC-connected chains while preserving users’ governance rights. It maximizes liquidity and capital efficiency while simultaneously improving network security and decentralization.
Through Quicksilver, users receive
qAssetvouchers, representative of their staked asset, which, in turn, can then be used in DeFi protocols. Quicksilver can scale seamlessly to any IBC-connected chain, and users participating in the protocol can delegate to any validator of their choosing and retain their voting rights through the protocol’s Governance by Proxy feature.
Quicksilver empowers users and provides them with a smooth UX, all while maintaining chain security and decentralization.