Cosmos Ecological DeFi Protocol Quasar Finance Has Been Launched on the Mainnet

2023-03-27 08:01:04AICoinShare to:

AICoin News The main network of Quasar Finance, a Cosmos-based DeFi protocol, is now online. Users can access the cross-chain vault OSMO PRO and multiple Osmosis liquidity pools, which will automatically compound returns. The Quasar vault allows users to access inter-chain DeFi by combining and automating various other Cosmos protocol products, and Osmosis will be launched on schedule. OSMO PRO uses unilateral deposits to enter three different Osmosis pools: OSMO-ATOM, OSMO-USDC, and OSMO-stOSMO. Users only need to deposit OSMO without other operations, and the treasury will handle it automatically. The total initial deposit limit of the OSMO PRO treasury is 500,000 OSMO, which will gradually increase and eventually be canceled, depending on the governance situation. The rewards generated from the treasury come from four different sources: the income generated by the liquidity pool through transaction fees, Osmosis incentives, external incentives, and Quasar incentives. The QSR token is scheduled to be launched in the second quarter of 2023. Users do not need to hold any QSR at this time to use the first inter-chain vault. Before that, the gas fee on Quasar was paid in OSMO. According to news on January 11, Quasar Finance completed a financing of US$5.4 million at a valuation of US$70 million. Shima Capital led the investment, and Polychain Capital, Blockchain Capital, HASH Capital, CIB and Osmosis co-founder Sunny Aggarwal participated in the investment. (Daily Planet)

GasIntro

Gas is one of the tw...All

GasMarkets

Price	$3.43 USD	Price Change (24h)	+1.16%	Trading Volume (24h)	$144,578,660.73 USD
Market Cap	$249,683,377.73 USD	Circulating Supply	64,992,331	Max Supply:	100,000,000

Disclaimer: The information provided in this section doesn't represent any investment tips or Bi123.co's official position.

A valuable blockchain information and data platform

Related News

Similar News

MORE+