Hey All,
I recently invested in the Quicksilver project bought around close to 1K+ of $QCK tokens of from the Osmosis App. Basically I had swapped $STRD for $QCK just to leverage my recent earnings from the STRIDE investment. The Quicksilver Protocol plans to bring scalable liquid staking to the Cosmos ecosystem through Interchain Accounts. And we all know the fact that how liquid staking in the crypto world is picking up all the attraction due to the benefit it provides its users who liquid stake their crypto assets to::
- Earn APY on staked assets
- Use staked capital to enter Defi, allowing for increased flexibility and capital liquidity
- Finally support network health by delegating to validators
The above image clearly talks a lot more about QuickSilver project clearly. $QCK is the governance token of the platform and check the Airdrop section as well to know your eligibility. We have $QCK Airdrop coming soon for $ATOM, $OSMO , $REGEN and others lined up. What really excites me about the project is how they have lined up the Quicksilver token chain inflation - where almost 80% of rewards is being distributed as staking rewards and that's a huge number.
What is Quicksilver? Quicksilver is a permissionless, sovereign Cosmos SDK zone providing liquid staking for the entire Cosmos Ecosystem. Through Quicksilver, users are issued a voucher, qASSET, representative of their staked asset, which can then be used in DeFi protocols.
Current $1USDC gets you 3+ $QCK tokens
Today the $QCK was up 7+% trading around close to $0.30+ cents and lowest it has gone is around $0.25 cents and hence I feel its a good buying option. I took the opportunity yesterday to buy a good chunk of QuickSilver tokens and because of the rise today I am making some good profits here. But the plan is to HODL $QCK token for a while, until it really reaches $1 mark and then diversify my investment. If $QCK falls from here i.e. trades below $0.20 cents then I would be looking to buy in some more $QCK tokens here. As of today here is my current holding for QickSilver::
Can I make it to 1K+ mark.. time is gonna tell..but for now its just to HODL $QCK and wait n watch how other things unfolds in the project.
Have your say on QuickSilver - $QCK
Did you hear about QuickSilver - another liquid staking platfrom? Any plans to invest in $QCK? Let me know your thoughts on Qicksilver overall in the comment box below? cheers
QuickSilver - $QCK - What the Quicksilver project is all about?
#strd #qck #rewards #stake #liquid #defi #staking #quicksilver #liquiditystaking
Image Credits:: twitter, quicksilver app, osmosis
Best Regards