Cayman Islands, Cayman Islands, January thirty first, 2024, Chainwire
The QRDO Basis, devoted to the expansion and improvement of the QRDO ecosystem, has introduced a strategic partnership with EQ LAB, a number one blockchain developer lab, to launch the Warden Protocol. This initiative accelerates the upcoming launch of the Warden Protocol, an intent-based interoperability protocol constructed on Cosmos and primarily based on the Fusionchain primitive.
Introducing the Warden Protocol
The Warden Protocol is a modular intent-centric blockchain constructed on the Cosmos-SDK. At its most elementary degree, it allows customers to create Areas and Wallets on varied blockchains and govern their exercise via on-chain intents. Advanced multi-leg transactions may be constructed, and cross-chain exercise protected through advanced intents, all enforced on-chain by the Warden Protocol.
For the builders within the area, Warden allows good contracts to be deployed on Cosmos utilizing Solidity and WebAssembly, and facilitates a modular market of key administration options, from HSM options to multi-party computation suppliers.
“The Warden Protocol is the subsequent evolution in intent and interoperability primitives,” mentioned a consultant for the QRDO Basis, “becoming a member of forces with the EQ LAB crew allows us to realize this formidable imaginative and prescient and ensures that QRDO token holders see the conclusion of a very decentralized and open, intent-centric interoperability and key administration protocol.”
Numerous purposes have pledged their assist to deploy on Warden, together with:
- EQ.finance, a liquid staking hub for Cosmos that places current liquid staking tokens to work;
- WARDD, a USD-pegged decentralized stablecoin that gives Warden customers with prompt entry to greenback liquidity;
- Marginly, a pluggable protocol for decentralized funding swimming pools that allow margin buying and selling on any spot DEX; and
- SpaceWard, a SAFE-like platform for pockets administration and governance.
EQ LAB will type the core contributor crew to the Warden Protocol and can carry an in depth crew of 15 core builders to the Warden Protocol.
“We’re more than happy to be serving to to determine the Warden Protocol as Core Contributors”, mentioned Alex Melikhov, founding father of EQ LAB, “as an skilled crew of certified blockchain builders, we see a shiny future within the Cosmos ecosystem, and we stay up for seeing unbelievable worth unlocked for each the prevailing QRDO and Q token holder communities”.
The Warden Protocol plans to introduce the WARD token through a good launch mechanism. This launch will happen with none pre-mine or investor allocations, with eligibility for each an airdrop and an incentivized WARD-swap extending first to current QRDO holders. As a nod to the general public items performed by varied different Cosmos chains, TIA and ATOM stakers may also be eligible, in addition to builders and customers from different complementary protocols and chains. Additional particulars might be introduced shortly.
The Alfama testnet will go reside within the coming weeks, with particulars for an incentivized testnet to be printed shortly.
Warden Protocol is a brand new modular intent-based blockchain primarily based on CosmosSDK that enables customers and builders to discover and construct cross-chain securely.
About EQ LAB
EQ LAB is an skilled software program engineering home specializing in permissionless purposes and protocols, appearing as a expertise companion in a plethora of tasks on Cosmos, Ethereum, Arbitrum, Polkadot, and different blockchain platforms.
About QRDO Basis
QRDO Basis has been established to deal with accelerating the adoption of open custody, safety and interoperability protocols and nurture the worth of the QRDO ecosystem.