ChainCatcher news, the airdrop proposal of the Cosmos-based DeFi protocol Quasar Finance has been approved. The first round of airdrops will be aimed at testnet participants and will start after the 22nd. Users can currently check their address eligibility on the corresponding page.According to the crypto data platform RootData, Quasar Finance is a DeFi investment protocol in the Cosmos ecosystem. It operates based on vaults with autonomous investment strategies supported by expert and community-driven strategies, serving as a gateway to multi-chain DeFi investment opportunities. In January this year, it completed a $5.4 million financing at a valuation of $70 million, led by Shima Capital, with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal.

ChainCatcher news, based on the Cosmos DeFi protocol [Quasar Finance](https://www.rootdata.com/zh/Projects/detail/Quasar Finance?k=Mjc2MQ==) has launched its mainnet, allowing users to access the cross-chain vault OSMO PRO and multiple Osmosis liquidity pools, which will automatically compound returns. The Quasar vault enables users to access cross-chain DeFi by integrating and automating various other Cosmos protocol products, with Osmosis set to be launched periodically.OSMO PRO uses single-sided deposits to enter three different Osmosis pools: OSMO-ATOM, OSMO-USDC, and OSMO-stOSMO. Users only need to deposit OSMO without any other operations, as the vault will handle everything automatically. The initial total deposit cap for the OSMO PRO vault is set at 500,000 OSMO, which will gradually increase and eventually be removed, depending on governance decisions. The rewards generated from the vault come from four different sources: earnings from liquidity pools through trading fees, Osmosis incentives, external incentives, and Quasar incentives. The QSR token is planned to be launched in the second quarter of 2023, and users will not need to hold any QSR to use the first Interchain vault at that time; before this, gas fees on Quasar will be paid in OSMO.According to Rootdata data, on January 11, Quasar Finance completed a $5.4 million financing at a valuation of $70 million, led by Shima Capital, with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal. The funds will be used for product development and team expansion. (Source link)

ChainCatcher news, based on Cosmos, the DeFi asset management protocol Quasar Finance today launched its mainnet, aiming to help investors manage their digital assets across multiple blockchains.Quasar Finance stated that this move follows a round of funding led by Shima Capital earlier this year, in which it raised $5.4 million at a valuation of $70 million, bringing its total fundraising to over $11.5 million.It is reported that Quasar aims to achieve connectivity between blockchains through the Inter-Blockchain Communication protocol (IBC), thus becoming a leading decentralized asset management platform. (source link)