Quasar Testnet ($QSR) Airdrop
Are you ready to embark on a groundbreaking journey into interchain DeFi? Quasar Finance's official Public Testnet, Questnet, is now open for exploration. Engage with a Quasar vault that absorbs capital from within and outside the Quasar chain and beams it to a specified destination using IBC-enabled strategy mechanisms. And, as a bonus, participants will be eligible for future $QSR Airdrop rewards. Don't miss out on this opportunity!
About Quasar
Quasar (pronounced QWAY-ZAR) is a decentralized appchain that enables interchain digital asset management (DAM) through permissionless, transparent, and composable tools and infrastructure made available by blockchain technology and DeFi. Quasar's primary role is to provide and maintain the tools and infrastructure needed for generating and operating Vaults and Strategies.
Vaults, which are customizable and self-governing smart contracts, are used as the primary vehicle for aggregating and deploying capital. With Quasar, investors can easily participate in DeFi without having to manage complex strategies, while strategists can easily customize strategies for deploying crowdsourced capital across blockchains. Quasar is lowering barriers to entry for DeFi by using efficient infrastructure to make digital asset management fair, accessible, and transparent.
How to join the Quasar Testnet Airdrop?Requirements to earn free crypto coins
Native blockchain
Step-by-Step Guide ''Quasar Public Testnet Airdrop''
- Visit the Quasar Testnet app web.
- Connect your Keplr wallet & Switch to the Quasar Testnet network.
- Click on the Faucet tab on the top right & Claim $QSR, $OSMO, and $AYY test tokens.
- Now, click on "Explore Wallet" and Bind your assets to the Orion wallet. Then insert 0.01 $QSR, click "Deposit", approve the transaction, and bond your assets. it Locks up your tokens with the Vault. You receive pro-rata shares in the form of CW-20 tokens specific to the vault (fungible only while bonded). Your assets will be automatically allocated into yield-accruing AMM pools once they arrive at the Osmosis Testnet chain. You can keep track of the LP strategy's progress via the vault data dashboard.
- Currently, Unbond & Withdraw is off, but they will be functional very soon. Kindly be advised that there exists a minimum unbonding period that you are required to observe before you can proceed with selecting the 'Withdraw' option.
● To unbond, remove your assets from the vault by converting your vault shares into a claim. An unbonding period begins, after which the withdrawal option becomes available.
● To withdraw, convert your claim into the appropriate tokens and transfer them to your wallet. While in terms of user experience, the user sees only what appears to be a normal transaction, the vault is sending three separate tokens cross-chain with gas fees, relayer fees, deposit fees, and bonding into the liquidity pools all happening with a single click. - Finally, submit your Quasar wallet address (starting with quasar....) to the Quasar Testnet form. You can submit your feedback about the Testnet, which is not mandatory. If you encounter any bugs, please report them. If your bug report is new and contributes to a solution, they will send you some $ATOM. For anyone interested in joining the Quasar Testnet as a validator, check this documentation.
- Complete the Quasar Crew3 tasks to reward your involvement in the Quasar community. Rewards will be announced based on the rankings.
▪️ Participating in the Quasar Public Testnet will make you eligible for future $QSR token Airdrop rewards, subject to governance. The Mainnet launch is scheduled for the end of March 2023. To stay tuned for the official announcement, follow @QuasarFi on Twitter and join their Discord channel. Best of luck!
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: This content is not intended to be financial advice. Investors should take the time to research any given product before they deposit or invest their funds.
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