what's Quasar Finance?
Quasar Finance is an application-specific blockchain in the Cosmos ecosystem designed for decentralized asset management. It leverages the Inter-Blockchain Communication (IBC) protocol to enable seamless, permissionless interchain vaults and yield strategies across multiple chains. Users can deposit assets into self-governed vaults that automate capital-efficient strategies, such as leveraged positions and cross-chain yield optimization, all while maintaining composability and security through IBC hooks and Cosmos SDK.
Quasar completed its second crowdfund, raising 400 TAO for Subnet 24 alpha tokens via Bittensor.
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x.com/quasarficompleted its second crowdfund raising 400 TAO (in exchange for 86,956 alpha tokens of Subnet 24) through Bittensor's native crowd loan system, with funds backing the project focused on long-context memory
Quasar enters block building business and becomes the second largest builder by entity. (ID: 1999113768396042718)
Project shut down this year due to lack of growth, revenue, and developer attrition per crypto analyst report.
Token buyback exceeds 30% of supply, while project faces Su Zhu-related negative sentiment.
Mentioned as next AI coin targeting 500M market cap.