Decentralized asset management protocol, Quasar Finance, has announced the launch of its mainnet with the goal of helping investors manage their digital assets across multiple blockchains.
Quasar aims to become the leading decentralized asset management platform by allowing connectivity among blockchains via Inter-Blockchain Communication Protocol (IBC). The platform has raised over $11.5 million, with $5.4 million being raised in a funding round led by Shima Capital earlier this year.
Quasar's main goal is to empower investors with easy access to the emerging interchain landscape of numerous individual blockchains, both within and outside the Cosmos ecosystem. Quasar will allow investors to deposit funds into permissionless, non-custodial investment vehicles known as "vaults," that are optimized to work across multiple blockchains.
Quasar's mainnet launch is expected to attract more liquidity providers and strategists looking to crowdsource interchain capital, while providing more yield opportunities for individual investors.
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Cosmos
DeFi
