Cosmoverse Day 2 Saw a Deep Dive Into Liquid Staking on Cosmos, the Value of Privacy in Web3, and How to Bring More Users Into NFT Gaming
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Joe Bowman, Co-Founder of Quicksilver kicked off the morning walking through what’s at stake without liquid staking. He referenced the loss of ability to unlock liquidity and less capital efficiency. With staking, users are free to tokenize assets off-chain and stake the rewards.
Joe teased an upcoming project announcement as well, “We’re able to better secure the network for better capital on the networks instead of being held at liquid, waiting for users to use at DeFi. Governance by proxy is such a prominent feature of Quicksilver and will hopefully be on the Mainnet soon.”
Joe also discussed the sovereignty of the delegators, especially not dictating how locked capital is distributed and allowing delegators to dictate voting power.
Jereon Develter,Ecosystem Development at Persistence One, discussed how the platform was built through the early days of Cosmos, which looks very different from what it does today.
Speaking about how Persistence One brought interchain liquid staking to Cosmos through Ethereum he explained how they didn’t want to “use patience as an excuse not the experiment with things.”
The team has announced the upcoming launch of staked assets including stkATOM and stkXPRT to the Cosmos ecosystem and multiple partnerships that aim to further expand its liquid staking hub.
Kai Tiurin and Sergey Ratiashvili, Core Contributor and Developer of Lido respectively, discussed all things Lido on Cosmos – from the current pain points of vanilla staking distribution to the future of interchain liquid staking in this renewed Cosmos ecosystem.
Kai and Sergey assessed the different flavors of liquid staking, unpacking the
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