Valentin Pletnev is far from the best-known name in cryptocurrencies, but a scheduling snafu that kept him away from Donald Trump's recent Mar-a-Lago NFT gala might've dramatically rerouted U.S. cryptocurrency policy."I thought it was hilarious because I'm not American," Pletnev, the German co-founder of Quasar Labs, which builds a decentralized finance protocol on the Cosmos blockchain, said in an Interview with CoinDesk.
"Fundamentally, crypto is only a big success if we increase the number of beneficiaries compared to traditional finance," Pletnev told CoinDesk."If we don't achieve this, we risk replacing the financial oligarchy with a technocracy, which would be a sad outcome."vision will be the introduction of layered staking assets, or LSAs, which will combine staking and DeFi yields into a single token that accrues interest.
Quasar Finance launched its mainnet in 2023 as a"decentralized asset management" protocol based on the Cosmos blockchain ecosystem. The platform used – and will continue to use – Cosmos's Inter-Blockchain Communication protocol, which facilitates interoperability across various blockchains.