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Quasar Finance Network Launches with Cross-Chain DeFi Vaults Powered by Cosmos Protocol

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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

Quasar Finance Network Launches with Cross-Chain DeFi Vaults Powered by Cosmos Protocol

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 Quasar Finance network, based on the Cosmos DeFi protocol, has launched its main platform on March 27. This platform provides users with access to the cross-chain treasury OSMO PRO and multiple Osmosis liquidity pools, which automatically compound returns. Additionally, the Quasar Vault allows users to access cross-chain DeFi by combining and automating various other Cosmos protocol products. This article will discuss the features of the Quasar Finance network, including OSMO PRO and the Quasar Vault, and the rewards generated from the treasury.

OSMO PRO and Multiple Osmosis Liquidity Pools

OSMO PRO is a cross-chain treasury that enables users to access multiple Osmosis liquidity pools. Users can deposit tokens into the OSMO PRO vault, where their deposits will compound automatically. Currently, users can access three different Osmosis pools: OSMO-ATOM, OSMO-USDC, and OSMO-stOSMO. Users only need to deposit into OSMO without performing any 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.

Quasar Vaults

The Quasar Vault allows users to access cross-chain DeFi by combining and automating various other Cosmos protocol products. Quasar Finance network plans to launch Osmosis on schedule. Quasar Vaults will enable users to participate in Osmosis liquidity mining, which offers a yield-generation mechanism in exchange for providing liquidity to specific assets. With the Quasar Vault, users can earn greater returns due to the compounding effects that occur as tokens are added to Osmosis liquidity pools.

Rewards Generated from the Treasury

There are multiple sources of rewards generated from the OSMO PRO treasury, including returns generated by the liquidity pool through transaction fees, Osmosis incentives, external incentives, and Quasar incentives. These incentives will be distributed to users who deposit tokens into the OSMO PRO vault.

QSR Token

The QSR token, which will be launched in the second quarter of 2023, will be the governance token for the Quasar Finance network. Users do not need to hold any QSR at this time to use the first interchain vault. Prior to this launch, the gas fee on Quasar was paid by OSMO.

Conclusion

The Quasar Finance network provides users with access to the cross-chain treasury OSMO PRO and multiple Osmosis liquidity pools, which automatically compound returns. The Quasar Vault allows users to access cross-chain DeFi by combining and automating various other Cosmos protocol products. The rewards generated from the OSMO PRO treasury provide users with an additional source of returns. With the launch of the QSR token in the second quarter of 2023, users will have additional governance rights on the Quasar Finance network.

FAQs

Q: What is the Quasar Finance network?
A: The Quasar Finance network is a DeFi protocol based on the Cosmos protocol that allows users to access cross-chain treasury OSMO PRO and multiple Osmosis liquidity pools, which automatically compound returns.
Q: What is OSMO PRO?
A: OSMO PRO is a cross-chain treasury that enables users to access multiple Osmosis liquidity pools.
Q: What is the Quasar Vault?
A: The Quasar Vault allows users to access cross-chain DeFi by combining and automating various other Cosmos protocol products.

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