Quasar is a decentralized app chain founded as an investment product response to the increasingly popular Cosmos blockchain ecosystem. With its flagship product being a series of yield-aggregating vaults for Cosmos tokens, Quasar is trying to be a unifying force within the DeFi system.
With high-profile investors such as Polychain Capital and Blockchain Capital contributing to $6.1 million in early VC, Quasar is planning to further diversify its vaults. Cosmos vaults are just the start for Quasar Labs, it seems, as the company plan to create indexes and asset-backed loans if the Cosmos vault is a success.
Cosmos offers a functional and secure ecosystem for blockchain investments and has been described as “Blockchain 3.0”, showing that it is at the frontiers of the technology. Getting in early on the system was a gamble for Quasar Labs, but could reap dividends as one of the first solutions for DeFi investment within that system, and potentially more blockchain products in the future. Capital raised in 2023 will be used to develop its interchain decentralised asset management protocol and appchain, exemplifying the company's commitment to product strengthening.=
Kirsty
Company Specialist at Welcome to the Jungle
