Quill is a decentralized and over-collateralized stablecoin protocol operating on the zK-Rollup-based Scroll network and governed with its native token QUILL. It is forked from Liquity V2 and empowers users to mint the USDQ stablecoin by collateralizing assets such as wstETH. This mechanism allows users to access liquidity while maintaining their exposure to the collateral.
Quill provides flexible, market-driven stablecoin loans with variable interest rates, allowing borrowers to tailor their loan settings to match their risk tolerance. Through its innovative Trove system, Quill enables borrowers to delegate borrowing power and management tasks to trusted third parties, streamlining access to efficient liquidity without the complications or constraints typical of traditional banking. In essence, Quill empowers users to unlock instant liquidity while maintaining their exposure to market movements, offering a seamless, decentralized lending experience.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
