The premise of liquid staking, Joe tells us, is to maximize the reach of a user’s capital. He explains that when staking assets, because of the 5% maximum slashable value, 95% of a user’s staked capital is unused and illiquid. “Quicksilver takes control of users’ assets, stakes them on users’ behalf, and then issues them a voucher that’s their claim to that delegation. They can then put these vouchers into DeFi protocols as collateral on a loan, or anything of the sort. It allows us to free up that 95% of untapped liquidity. In terms of a flourishing Cosmos DeFi ecosystem, I think that’s an influx of $40 billion plus at this point, which would likely be very, very welcome.”

The Cosmos ecosystem, historically, is divided between users who are either prepared to unbond to achieve higher APRs, or users that are not willing to unstake for reasons such as wanting to maintain governance rights. Joe explains Quicksilver could offer, “The same opportunities for both sides of the cabinet: those who are traditionally wanting to support the network and continue staking, as well as those who want to be able to receive better returns from the opportunities that exist.”

Bridging gaps between potential users is a goal Comdex also aims to solve: “We started developing synthetics because we wanted to create a solution for the commodity traders that we were supporting through the enterprise trading platform, and we wanted to give retailers the chance to get commodity exposure through some assets they already own. This gave rise to the commodity exchange that we are launching now with synthetic golds. People can gain exposure to these commodity assets using Cosmos assets to mint these synthetics. From an ecosystem perspective, most tokens are liquid enough and now have the power of IBC, so they can be brought onto the Comdex chain, and can be used as collateral to borrow gold and create a market for trading gold,” explained Abhishek.

Abhishek asserted that Comdex is interested in providing as much returns to their users as possible, and that liquid staking is a great way to do so. He continued, “If staked assets can be used as collateral, it feels like you’re getting paid to take a loan, because in a way, when you’re minting something, you’re effectively borrowing gold. But since the collateral itself is bearing it, the loan kind of becomes free. So this kind of economics can only be possible with partnerships such as our synthetics protocol combined with a liquid staking protocol. It’s really amazing for the end user, and we certainly have plans to see how all of this develops.”

The Quicksilver team envisions a protocol that will power not only the Cosmos ecosystem, but will also scale beyond it. “Quicksilver as a concept is not Cosmos-specific. There is no reason we can’t support other types of proof of stake chains that have a similar sort of staking logic. A long-term vision is to transcend the Cosmos ecosystem, but for the foreseeable future, we will be focused on onboarding as many Cosmos zones as possible and making sure that our qAssets are integrated into as many DeFi protocols as possible.”

What’s next?

To listen to the full Twitter Space, visit: https://twitter.com/i/spaces/1YqKDqAPbZBGV?s=20

The Quicksilver testnet will be launching in Q2 of 2022 — Follow our social channels to stay up to date on our latest news, airdrops, and events.

Twitter: https://twitter.com/quicksilverzone

Telegram: https://t.me/quicksilverzone

Discord: https://discord.gg/xrSmYMDVrQ

Website: https://quicksilver.zone

Whitepaper: https://quicksilver.zone/whitepaper.pdf

Being at the frontline of Blockchain tech, the idea of decentralization and other disruptive applications, we understand how FOMO(Fear of Missing Out) is powerfully driving people to invest in ICOs. However, this makes crypto investment not only a privilege but also a challenge requiring technical skills and knowledge.

Information asymmetry is a serious problem in crypto financial investments which leads to confusion and disappointment. This kind of experience discourages people from further investing, leading to market stagnation.

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With STABILA Protocol, are making it easier and safer to invest in crypto assets for anyone who wants to understand and participate.

STABILA Protocol has a massive potential to change the way crypto investments are made. Easy access and understanding of crypto investment will certainly be one of its most important achievements.

The STABILA Platform is a decentralized platform that provides a variety of financial services, including currency issuance and exchange, custom contract deployment, dividends distribution, and fiat-crypto loans.

STABILA offers a decentralized blockchain platform for the future of the global investment industry which aims to tackle existing issues in the field by providing a scalable and secure blockchain solution. Made up of industry leaders, a strong team and visionary advisors who are committed to demonstrating industry-leading products and services, the STABILA project aims to break down transactional barriers for new adopters of cryptocurrency by creating an intuitive user interface, an analytical engine with inbuilt artificial intelligence and tools that will empower users to explore cryptocurrencies.

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For more information please visit link the below:

Website: https://stabilascan.org/Whitepaper: https://stabilascan.org/static-pages/white-paperANN: https://bitcointalk.org/index.php?topic=5379020.msg58848428#msg58848428Telegram: https://t.me/stabilastbFacebook: https://www.facebook.com/stabilacryptoTwitter: https://twitter.com/moneta_holdingsYouTube: https://www.youtube.com/channel/UChFtE8tAVlkWGkFrUb-7KOQReddit: https://www.reddit.com/r/moneta_holdings/LinkedIn: https://www.linkedin.com/company/stabilacryptoInstagram: https://www.instagram.com/monetaholdings/

Creator Article:

Bitcointalk username : Alessandro Martinez

Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=3397979

STB address: SNR8tojYH8S5dpGiUJPTr7pP3sJxjd6rX5

App Url — https://tinyurl.com/ricnatum

Our mobile application, where you can mine every day until the beta of our game is ready on the Android store. Get ready to go to the moon.

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While a substantial amount has already been written about NFTs, this short and exploratory “article” seeks to introduce a creative way of imagining NFTs by taking them out of their current categorization of tokenized assets ( i.e. existing exclusively to serve as exchange and tracking mechanisms for rare and marketable assets).

Instead of thinking ( read: obsessing ) about digital, bored apes, I am asking you to imagine an exceptional city in the far-flung future: the year is 2024 (because with all the alot-of-ness happening in the present, even 2024 feels like the far-flung future…) and the city is New York City ( obviously ).

Below we will review a master use-case in its entirety, albeit we will do it in an expeditious manner. First, the important stuff:

(1) The goal of this ( very ) high-level walkthrough of the master use-case is to shed the light on NFTs as “instruments of finance”, rather than elaborate on how they are currently framed as financial instruments.

(2) The below master use case is my own personal, innovative, and creative ideation based on my work with the underlying technologies ( e.g. crypto, smart contracts, etc … )

(3) This walk-through is brief by design, and should be relatively easy to follow along.

(4) This written ideation is by no means a road-map to implementation, but rather a fun and curious speculation on what the future may hold.

Let’s get started.

Master Use Case: New York City has widely adopted the use of NFTs in order to help manage and distribute some of the perks that come with being a New Yorker. The new slogan for their NFT programme is, “8 Million New Yorkers. NFTs for all of us!” The city has released the following graphic to facilitate programme adoption by New Yorkers.

In the above graphic we encounter a couple of scenarios were a, previously verified, user has access to a city sponsored dApp, and funded crypto wallet. The dApp allows the user to buy a tiered travel package at a give price-point; based on what package the user selects, they are awarded certain perks. All of this information is stored in a smart-contract and on the block chain.

What makes this NFT unique is that the underlying assets are the value of the transportation package and the associated perks. A draw-down on both, the package value and any available perks, is recorded with each usage ( i.e. when the user rides the subway the value of the package is drawn on and thus decreases; the same is true when the user claims or transfers a perk ). Perks may expire if not used, and both the balance of the package and perks are transferable to another verified user. (It’s important to note here that user verification and onboarding ( or KYC as we affectionately refer to it in certain circles ) needs to be both timely, efficient, accurate, intuitive, and have the proper mechanisms in place to guarantee user data security — phew!

“What is the purpose of this approach?” You ask. “This just seems like another speculative waste of technology and resources”, you say? Well, that’s one way to look at it, and perhaps it is wasteful from the perspective of the moment that this little article is being written. However, I ask you to look at an even more outrageously far-flung future: the third quarter of 2024.

Let’s imagine that by this time the city of New York has successfully adopted the above model via the leveraging of their already existing NYS Excelsior Pass and the fruits of this good decision are already being seen. What can some of these benefits look like? — Glad you asked:

(a) The early adoption of crypto-hybrid smart contracts by city residents and eligible visitors, via already existing technology infrastructure

(b) The development of a sustainable micro-economy relevant to what the city and state can produce and based on the needs of its people and businesses

(c) An upgrade on the coolness factor of the city — as if we needed it — by serving as a master model for a sustainable, distribution platform for the “e-conomy” of the Americas.

Thanks for reading and happy to hear your thoughts!

5/13/2021 Edit: I’ve changed the title to $1000 up from $250 because gas fees have soared so much. There is a way to do this more cheaply now for small amounts. I’ve written about it here. You still have to…

Disclaimer: I am not sponsored or affiliated with any of the projects/companies mentioned in this article. This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.

I recorded the AMA for all those who couldn’t attend and have uploaded it to YouTube for ease of listening. Most questions are answered in the video.

Nodeify offers a service to help provide nodes for developers who are the builders and innovators of blockchains. The Nodeify system helps bring in small and large investors to provide nodes for these developers in exchange for earning rewards.

Nodeify allows developers & investors to create and manage blockchain nodes across Avalanche, Near, Fantom and Polygon. Harmonizing the relationship between investors and developers.

Jean is a programmer and wants to build a decentralized app on the Polygon blockchain. (could be any one of the chains offered by Nodeify)

Callie is an investor and wants to find a project to invest in and contribute to the blockchain ecosystem.

Callie, through Nodeify, invests in a Polygon node. Since Callie is an investor and not a developer, she opts to register the node with Nodeify Connect to forfeit her endpoint and gain bonus rewards.

Jean requires access to a blockchain node endpoint to access the Polygon network; for this, she accesses Nodeify’s developer portal and creates a Polygon endpoint within seconds using the resources (the node) that Callie supplied.

Callie earns passive income rewards for providing the node, and Jean creates an application on the blockchain via that node.

Nodeify has a tapering model for rewards to ensure long-term sustainability. Rewards start around 0.125 NDFI tokens per day per node. Over time, rewards taper down to around 0.05 NDFI per node per day after approximately 185 days; at which point rewards will level out.

Investing in Nodeify is investing in a business versus a get-rich-quick scheme. Through Nodeify I receive my return, plus extra. I provide aid to the blockchain through my financial contribution and if I like my experience with Nodeify I can always reinvest.

Nodeify Medium: https://blog.nodeify.xyz/bridging-developers-and-investors-bda9c8adc08e

Nodeify Twitter: https://twitter.com/nodeify_xyz

Nodeify Website: https://t.co/J321IHPJAD

Nodeify Whitepaper: https://docs.nodeify.xyz/

I will continue to follow and write about this protocol because they offer a very unique service and opportunity to small and large investors.

Stay safe and as always, Stay Informed.

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Join the CryptoCookied Crypto Education Community for the latest information on new/up-and-coming protocols: https://discord.gg/Anr6PgyRKb

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