Colossus and Q Protocol Unite to Solve Blockchain's Governance, Custody, and Staking Challenges
Colossus is proud to announce that it supports the Q Protocol as a validator and custodian, as an institutional grade partner we are sure to bring a solid improvement to both of our ecosystems. Q is a decentralized governance layer-1 for Web3, it is something new which differs from all the blockchain ecosystem that we’ve seen around, and their mission and vision is clear.
The Q Protocol introduces the concept of Shared Governance Security, a new element in the modular blockchain framework.
Applications and protocols who desire it, can integrate with Q’s governance infrastructure to enhance their security instantly. Acting as a comprehensive governance operating system, the Q Protocol addresses some of the most critical issues in the crypto space: it prevents governance exploits and minimizes the legal and regulatory risks linked to centralized decision-making. This feature is unprecedented in the blockchain space and has the potential to generate new business opportunities and innovative models.
Effective governance is crucial for value creation, as demonstrated repeatedly in companies, public goods, and nation-states. The most successful entities are those with superior governance systems.
Current governance frameworks in Web3 fail to address the core issues, concentrating instead on tools and simplistic token holder voting. This approach leads to governance exploits, centralization, and excessive regulation.
This new paradigm can go beyond the “Code-is-law”.
What we’ve built
We have the pleasure of operating as a Node Validator on the Q network, adding the Q Gov token to our ever-growing list of digital assets supported on our digital platform.
Colossus, as an institutional-grade partner, is integrating the Q Gov token into our “Staking Hub”. Moreover, we’ve implemented the Governance Module and Staking functionalities both directly from Custody. This is the first component developed with Q’s necessities and users' needs in mind, leveraging their unique characteristics, and empowering their solution.
We are expanding the adaptability of the Q ecosystem by creating a solution that can now integrate Governance, Custody, and Staking at an institutional level without losing flexibility.
We want to conclude with a mention of our CEO Gianni Pelosi:
“With Q’s expertise in law and regulation and Colossus’s expertise in staking and custody, we aim to resolve the trilemma of “Custody, Governance, or Staking.” Our clients, whether institutional or retail, will no longer need to separate these three crucial blockchain operations. By improving this integrated system, we believe in empowering the DeFi community, enhancing security, and improving asset management.”
If you are a Q holder and are interested in staking your Q Gov token with us, now you can do it.