Frequently Asked Questions
Appchain refers to an application-specific blockchain. Unlike generalized blockchains like Ethereum that host multiple different apps, appchains are built uniquely for individual applications. Similar to how Bitcoin is specifically built to mint/store/transfer BTC, and Osmosis is specifically built for hosting AMMs, Quasar is specifically built for hosting vaults as general asset management vehicles.
Appchains are increasingly prevalent and desirable to both developers and users since they offer greater control over customizable features. The "internet of blockchains" concept coined by Cosmos describes the emerging ecosystem of numerous interconnected appchains. Cosmos provides toolkits for appchain construction and emphasizes IBC adoption for blockchain interoperability.
Vaults are smart contracts that act as general digital asset containers. They are the entry point to accessing Quasar’s infrastructure, acting as the bookkeeping mechanism facilitating interchain asset management.
Vaults are created and managed by administrators that act as leaders of a vault’s portfolio. In the short term, Quasar will limit who can create new vaults; in the long term, vault creation will be permissionless. A vault’s members are liquidity providers who join the vault to participate in the selected strategies. Liquidity providers will be able to choose from among vaults with varying risk profiles and goals.