View source for Quicksilver (QCK)

Quicksilver is a protocol in the [[Cosmos (ATOM)|Cosmos]] ecosystem that provides [[interchain]] liquid [[staking]] through a [[permissionless]] and sovereign [[blockchain]]. The network leverages the interchain communication provided by the IBC protocol to seamlessly onboard new zones.

==Basics==
*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release: 7-9-2022, after being delayed 2 days.
==History==
==Audits & Exploits==
*[[Bug bounty]] program can be found [insert here].
===Bugs/Exploits===
==Governance==

* [https://www.figment.io/resources/quicksilver-first-look?utm_campaign=Weekly+Digest+sept+1st&utm_medium=email&utm_source=customer.io From] [[Figment Networks|Figment]] (24-8-2022):

''"Quicksilver is the very first liquid staking protocol to design the "[[Governance]] by Proxy<nowiki>'' feature, which allows users to keep their voting rights in governance even when liquid staking their assets. Basically, Quicksilver will be able to mirror the proposals of all native chains, guaranteeing their right to participate in governance. This feature won't be live at mainnet launch, but according to Quicksilver'</nowiki>s [[roadmap]], it should be deployed shortly after."''

===Admin Keys===
===DAO===
===Treasury===
==Token==
===Launch===
===Token Allocation===

* [https://www.figment.io/resources/quicksilver-first-look?utm_campaign=Weekly+Digest+sept+1st&utm_medium=email&utm_source=customer.io From] [[Figment Networks|Figment]] (24-8-2022):

''"Community incentives 102.7m, [[Foundation]] 40m, Investors 26.3m, Dev Team 21m, Testnet Incentives 10m''

''Inflation is set to 65% during the first year and will decrease by 25% every year until the [[token]] reaches its maximum lifetime supply of 1 billion [[tokens]].''

''Newly minted QCK tokens are to be allocated as follow:''

* ''57.5% as [[staking rewards]] to [[validators]] and delegators for securing the network.''
* ''15% to the Incentive Pool for ongoing incentives to new users and [[liquidity providers]]''
* ''25% as participation rewards to users and adopters of the protocol''
* ''2.5% to the community pool controlled by governance, to fund projects that benefit the ecosystem"''

===Utility===

* [https://www.figment.io/resources/quicksilver-first-look?utm_campaign=Weekly+Digest+sept+1st&utm_medium=email&utm_source=customer.io From] [[Figment Networks|Figment]] (24-8-2022):

''"QCK is Quicksilver's [[native token]], and it has three primary roles:''

# ''Securing the network through staking''
# ''Paying [[transaction]] [[fees]]''
# ''[[On-chain]] governance''

''Additionally, the token also has the (sweet) function of accruing Staking Rewards fees."''

===Other Details===
==Coin Distribution==
==Technology==
*[[Whitepaper]] or docs can be found [insert here].
*Code can be viewed [insert here].
===Implementations===
*Built on: [[Cosmos]] SDK
*[[Consensus]] mechanism: [[Ignite (Company)|Tendermint]], PoS
*Algorithm:
*[[Virtual Machine (VM)|Virtual Machine]]:
*Development language:
====Transaction Details====
*Capacity ([[TPS]]):
*[[Latency]]:
===How it works===

* [https://www.figment.io/resources/quicksilver-first-look?utm_campaign=Weekly+Digest+sept+1st&utm_medium=email&utm_source=customer.io From] [[Figment Networks|Figment]] (24-8-2022):

''"The main use case on Quicksilver is primarily to give back to delegators the [[liquidity]] over their [[staked]] assets, without unbonding their tokens or forfeiting their governance rights. The goal is to allow delegators to freely [[move]] the liquidity gained from staked assets on any onboarded zone by the Quicksilver protocol—effectively enabling them to maximize their capital.'' 

''When a network is onboarded as a zone on Quicksilver—such as [[Osmosis (OSMO)|Osmosis]] or [[Juno Network (JUNO)|Juno]], the protocol will be able to issue liquid [[stakers]] a qAsset voucher that represents that very same position. A qAsset reflects the user's claim to their original native assets, allowing them to reclaim liquidity initially locked up by the protocol traditional staking mechanism and to use it however they choose to—collateral, liquidity, trading, etc.''

''Quicksilver also incentivizes liquid stakers to participate and, more importantly, to make positive choices on the network by rewarding them with a portion of QCK inflation emissions—in addition to staking rewards, should they choose to [[stake]] their QCK tokens.''

''Quicksilver's liquid staking functions through custom modules that can be gradually added. Upon onboarding a new zone—another [[proof-of-stake]] chain, Quicksilver can issue a qAsset token to represent the staked position of the chain's native token. Meaning, users are able to start liquid staking without unbonding their original assets.''

''By using the Interchain Accounts application, Quicksilver becomes the recipient of the rewards pertaining to said delegation. After each epoch, which comprises three days, accrued rewards are restaked and the redemption rate for the Asset:qAsset pair is adjusted to include the new rewards. This means the real value of qAssets is accrued over time through staking rewards.  ''

''The risk of permanent loss of value does not apply to qAssets because they reflect the value of rewards accrued on the platform, meaning users will always have a claim to their rewards. This only stops once users decide to exchange their qAssets for their delegations or sell their qAssets at market price—though whoever buys qAssets through a DEX will own from then on the staked position it represents.''

''Also at the end of each epoch, as an incentive for choosing performant and [[decentralized]] validators, users of the protocol (i.e. any qAsset holder) will receive a portion of the QCK token from its inflation emissions."''

===Fees===
===Upgrades===
===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Their Other Projects==
==Roadmap==
*Can be found [Insert link here].
==Usage==
===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
==Team, Funding and Partners==
===Team===
*Full team can be found [here].
===Funding===

* [[Figment Networks|Figment]] was part of the early investors ([https://www.figment.io/resources/quicksilver-first-look?utm_campaign=Weekly+Digest+sept+1st&utm_medium=email&utm_source=customer.io 1-9-2022]). And "''[[Figment]] participated in both their [[Testnet|testnets]] as [[Node|validators]]—first in the non-incentivized one, Rhapsody, and later on on the incentivized one, Killer Queen."''

===Partners===
==(:==
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