Quasar Finance Network Launches on Cosmos DeFi Protocol: A Journey to Cross-Chain Treasury and Liquidity Pools
On March 27, it was announced that the main Quasar Finance network based on the Cosmos DeFi protocol has now been launched. Users can access the cross chain treasury OSMO PRO and m
On March 27, it was announced that the main Quasar Finance network based on the Cosmos DeFi protocol has now been launched. Users can access the cross chain treasury OSMO PRO and multiple Osmosis liquidity pools, which will automatically compound returns. Quasar Vault allows users to access cross chain DeFi by combining and automating various other Cosmos protocol products, and Osmosis will be launched on schedule. OSMO PRO uses unilateral deposits to access three different Osmosis pools: OSMO-ATOM, OSMO-USDC, and OSMO-stOSMO. Users only need to deposit into OSMO without other operations, and the vault will be processed automatically. The initial total deposit limit for the OSMO PRO Treasury is 500000 OSMOs, which will gradually increase and eventually be eliminated, depending on the governance situation. There are four different sources of rewards generated from the treasury: returns generated by the liquidity pool through transaction fees, Osmosis incentives, external incentives, and Quasar incentives. The QSR token is planned to be launched in the second quarter of 2023. Users do not need to hold any QSR at this time to use the first Interchain vault. Prior to this, the gas fee on Quasar was paid by OSMO.
DeFi protocol on Cosmos, Quasar Finance main network is now online
The much-awaited news on the launch of the main Quasar Finance network has finally been announced. The network is built on the Cosmos DeFi protocol and offers users instant access to cross-chain treasury OSMO PRO and multiple Osmosis liquidity pools. The vault is designed to combine and automate other Cosmos protocol products to provide users with a unique DeFi experience.
The Network Overview
The recently launched Quasar Finance network provides users with access to the OSMO PRO Treasury, an opportunity to invest in a range of liquidity pools, and earns rewards via the Quasar Vault. Through the Quasar Vault, investors can easily access cross-chain DeFi by combining and automating various other Cosmos protocol products.
Osmosis Liquidity Pools
Osmosis provides cross-chain automated market maker (AMM) experience to its users, and is a liquidity provision and trading platform designed to work with any Cosmos SDK-based chain. The Osmosis platform also allows its users to earn rewards in the form of LP tokens. These tokens are then traded for other tokens via the liquidity pools. With the Quasar Finance network, users now have the opportunity to access multiple Osmosis liquidity pools and earn rewards through the Quasar Vault.
OSMO PRO Treasury
Through the Quasar Finance network, users can now deposit their OSMO tokens into the OSMO PRO treasury. This provides a unique opportunity for its users to access three different Osmosis pools without any other operations i.e. OSMO-USDC, OSMO-ATOM, and OSMO-stOSMO. Users are not required to perform any additional tasks, as the vault will process their deposits automatically. Initially, the total deposit limit for the OSMO PRO Treasury is 500,000 OSMOs. This limit is expected to gradually increase and eventually be eliminated, depending on the governance situation.
Sources of Rewards
There are four different sources of rewards that can be generated from the OSMO PRO Treasury. The first is returns generated by the liquidity pool through transaction fees. The second is Osmosis incentives, which provide LP tokens. The third is external incentives, and the fourth is Quasar incentives. So, interested investors can earn rewards in any of these four areas by depositing their OSMO tokens into the OSMO PRO Treasury.
QSR Token
The QSR token is an important element in the Quasar Finance network, which is planned to be launched in the second quarter of 2023. However, users do not need to hold any QSR token at this time to use the first Interchain vault.
Conclusion
The Quasar Finance network offers investors a unique opportunity to access cross-chain liquidity pools and earn rewards through the OSMO PRO Treasury. With four different sources of rewards, investors can earn rewards in any of these areas just by depositing their OSMO tokens into the vault. As the OSMO total deposit limit gradually increases, this is a unique opportunity for investors to access the Osmosis liquidity pools and earn rewards that will be beneficial in the future.
FAQs
1. What is the Quasar Finance Network?
Ans. The Quasar Finance network offers users access to the OSMO PRO Treasury, multiple Osmosis liquidity pools, and rewards via the Quasar Vault.
2. What are the sources of rewards generated from the treasury?
Ans. The four different sources of rewards are returns generated by the liquidity pool through transaction fees, Osmosis incentives, external incentives, and Quasar incentives.
3. Is holding QSR token necessary to use the Interchain vault?
Ans. No. Users do not need to hold any QSR token at this time to use the first Interchain vault.
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