Cayman Islands, Cayman Islands, January 31, 2024, Chainwire
The QRDO Foundation, dedicated to the growth and development of the QRDO ecosystem, has announced a strategic partnership with EQ LAB, a leading blockchain development lab, to launch the Warden Protocol. This initiative accelerates the upcoming launch of the Warden Protocol, an intent-based interoperability protocol built on Cosmos and based on the Fusionchain primitive.
Introducing the Warden Protocol
The Guard protocol is a modular, intent-driven blockchain built on the Cosmos SDK. At the most basic level, it allows users to create Spaces and Wallets on different blockchains and manage their activities via on-chain intents. Complex multi-leg transactions can be built and cross-chain activities can be protected via complex intents, all enforced on-chain by the Warden Protocol.
For the builders in the space, Warden enables smart contracts to be deployed on Cosmos using Solidity and WebAssembly, and facilitates a modular marketplace of key management solutions, from HSM solutions to multi-party computing providers.
“The Warden Protocol is the next evolution in intent and interoperability primitives,” said a QRDO Foundation representative, “by joining forces with the EQ LAB team we can realize this ambitious vision and ensure QRDO token holders realize seeing a truly decentralized and open, intent-driven interoperability and key management protocol.”
Several applications have pledged their support for deployment on Warden, including:
- EQ.financinga liquid staking hub for Cosmos that puts existing liquid staking tokens to work;
- WARDD, a USD-pegged decentralized stablecoin that provides Warden users with direct access to dollar liquidity;
- Margin, a plug-in protocol for decentralized financing pools that enables margin trading on any spot DEX; And
- SpaceWard, a SAFE-like wallet management and management platform.
EQ LAB will form the core team contributing to the Warden Protocol and will bring an expanded team of 15 core developers to the Warden Protocol.
“We are very pleased to help build the Warden Protocol as core contributors,” said Alex Melikhov, Founder of EQ LAB, “As an experienced team of qualified blockchain developers, we see a bright future in the Cosmos ecosystem, and we look forward to seeing incredible value unlocked for both the existing QRDO and Q token holder communities.”
WARD token
The Warden Protocol plans to introduce the WARD token through a fair launch mechanism. This launch will take place without any pre-mining or investor allocation, with the option for both an airdrop and an incentivized WARD swap available to existing QRDO holders first. In a nod to the public goods work done by several other Cosmos chains, TIA and ATOM stakers are also eligible, as well as builders and users of other complementary protocols and chains. Further details will be announced shortly.
The Alfama testnet will go live in the coming weeks and details for a boosted testnet will be published soon.
Contact details
Guard protocol
Warden Protocol is a new modular intent-based blockchain based on CosmosSDK that allows users and builders to explore and build securely cross-chain.
pr@wardenprotocol.org
About EQLAB
EQ LAB is an experienced software engineering house specializing in permissionless applications and protocols, acting as a technology partner in a plethora of projects on Cosmos, Ethereum, Arbitrum, Polkadot and other blockchain platforms.
hello@eqlab.io
About the QRDO Foundation
QRDO Foundation was created to focus on accelerating the adoption of open monitoring, security and interoperability protocols and to nurture the value of the QRDO ecosystem.
Contact
PR team
QRDO Foundation
pr@qrdo.org