Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
- Governance Participation - The Governance by Proxy feature (launching 2023) will allow users to vote on native chain proposals directly in the Quicksilver dApp without unstaking their assets.
The Quicksilver liquid staking protocol operates as follows: users stake their native tokens on the platform, and in return, they receive a qAsset, or a voucher representing their staked assets.
These liquid staking tokens can be used for various DeFi activities, such as participating in governance, providing liquidity to automated market maker (AMM) pools, and engaging in lending and borrowing. The protocol delivers autocompounded staking rewards, resulting in a slightly higher base APY for native assets staked on Quicksilver versus standard staking.
The QCK Token
The QCK token is the native utility token of the Quicksilver ecosystem. It serves three main functions:
3. Platform fees: QCK tokens pay for various services within the Quicksilver ecosystem, such as transaction fees. Transaction fees are redistributed to validators as compensation for including a transaction in a block.
The genesis supply of QCK is 200,000,000 and the current total supply of QCK is 400,000,000. Inflation rates & incentives distribution are determined by community governance.
Quicksilver is committed to a fair and transparent distribution of QCK tokens. The protocol employs a continuous airdrop mechanism to ensure that all participants have an opportunity to benefit from the platform's growth. This approach promotes a fairer of assets among token holders and fosters a strong, engaged community.
About the Quicksilver Chain
The Quicksilver Chain is a decentralized, permissionless blockchain designed to support the protocol's liquid staking functions. It is secured by a Proof of Stake (PoS) consensus mechanism, which relies on validators to produce blocks and maintain the network's security. Validators enter the active set based on the amount of QCK tokens they have staked and their reputation within the ecosystem.
Built on the Cosmos SDK, Quicksilver leverages the high-speed Inter-Blockchain Communication (IBC) protocol for seamless interactions between different blockchains. As more chains adopt the IBC, Quicksilver will scale to meet demand, expanding its utility and applicability across various ecosystems.
The live Quicksilver price today is $0.009812 USD with a 24-hour trading volume of $3,865.02 USD. We update our QCK to USD price in real-time. Quicksilver is down 3.21% in the last 24 hours. The current CoinMarketCap ranking is #5266, with a live market cap of not available. The circulating supply is not available and a max. supply of 400,000,000 QCK coins.