📢 New Proposal alert
We're proposing the deprecation of the initial series of Quasar vaults: $OSMO PRO and $ATOM PRO, which are designed for non-concentrated liquidity pools on Osmosis.
These vaults were foundational in the development of Quasar's Interchain Queries (ICQ) and Interchain Accounts (ICA) in collaboration with @Polymer_Labs and Strangelove Ventures. Through this, Quasar has pioneered a new, permissionless system for inter-blockchain information sharing using the IBC standard.
However, in light of advancements within the ecosystem and prevailing market trends, it has become necessary to propose the deprecation of the Quasar LP PRO Vaults for the following reasons:
• Market Shifts: The evolution towards concentrated liquidity models.
• Resource Optimization: Better allocation of our development efforts.
• Strategic Alignment: Preparing for the more advanced Quasar 2.0
• Operational Efficiency: Streamlining our service offerings.
• Future Growth: Staying ahead in a rapidly evolving ecosystem.
The process will start with an automatic unbonding of the remaining funds in the $OSMO PRO and $ATOM PRO vaults, which will take 14 days—matching the staking unbond duration on Osmosis. This will be followed by an automatic withdrawal back to user Quasar addresses. Note that you can still manually unbond or withdraw your funds before this process begins.
➡️For a detailed breakdown and to have your say on this change, visit our governance forum post: https://t.co/LbWTmOR4tl
Your feedback is crucial in shaping the future of Quasar! 🤝