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Stakewolle Governance 28.04

28 Apr 2023

1 min read

Stakewolle Governance 28.04

Stakewolle votes Yes on Umee proposal#76

This proposal aims to add qATOM as collateral on Umee. As qATOM is a liquid staked asset, Umee users would earn autocompounded ATOM staking rewards while borrowing and lending qATOM on Umee.

Quicksilver’s qATOM will add diversity to Umee’s liquid staking token offering and provide more choices and earning opportunities for the Umee community. We believe Quicksilver also provides substantial value-add through its features of validator sovereignty and governance, removing the trade-off that currently exists between validator choice, governance, and DeFi.

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