In crypto, your ecosystem is your family. Since day one, QuickSwap has branded itself as a Polygon-native homebase for all things high-performance DeFi. While remaining a community leader and technology evangelist for Polygon, QuickSwap is now ready for the next phase in its journey. QuickSwap has officially launched on Base Chain, taking a major stride forward to make DeFi united again with an expansion to one of Web3’s hottest and fastest growing chains.

The time has arrived for the 7th and final pillar in the DragonFi 2.0 journey: solidifying QuickSwap’s future as the ultimate Ethereum community and Agglayer DEX.

Pillar 7: Dragons Expanding Into Blue Territory

From partnering with rising Polygon projects, to offering attractive incentives and earning opportunities through farms and the Dragon’s Lair, QuickSwap has been fully dedicated to making Polygon a better place to do DeFi.

Continuing to focus on the Polygon 2.0 mission, QuickSwap’s commitment to serving Polygon, its tech stack, and its community won’t be changing. However, QuickSwap’s move to deploy on and expand to Base adds new legs to its overall purpose – an even greater vision and mission to bring the best of DeFi to everyone across the multi-chain Ethereum landscape.

Going forward, QuickSwap will serve not only Polygon, but the entire Ethereum community at large. Having already deployed on Soneium and its Optimism Superchain tech, QuickSwap sees Base Chain as the next major stepping stone toward uniting Ethereum DeFi.

One place to do it all. Hyperfocused on serving the entire community, including big and small projects. Providing unwavering support across the board and bringing the ecosystem together under the blue dragon.

Base Chain: The Next Frontier

After an explosive end to 2024, Base Chain has made a major name for itself as an ecosystem to be reckoned with. Base’s specialisation in AI Agents, DeFi, RWAs, gaming, and other sectors has earned it a powerful reputation as a leader, innovator, and growth driver for the entire Web3 industry.

With almost $5 billion in TVL, almost $900 million in daily volume, and nearly 1.4 milion active addresses, Base Chain is becoming the meta. In the mission to make Base (even) better, QuickSwap is proud to be bringing over the goods in the DeFi department. From seamless swaps to optimised LPing and fun farming opportunities, QuickSwap has what it takes to give traders, rising projects, and Base Chain DeFi as whole the boost it needs to get to the next level. Most importantly, QuickSwap is proud to be landing on Base Chain with its growing dragon community. As always, QuickSwap’s DragonFi 2.0 journey would be nothing without its dragons.

The Next Chapter

Now that the final pillar in the DragonFi 2.0 journey has been revealed, what’s next for QuickSwap?

The dragon DEX will be positioning itself at the forefront of the DeFi industry, becoming a leader in the Ethereum and Agglayer communities.

With QuickSwap now live on Base Chain, the dragons will cement themselves as a fierce contender in the blue ecosystem and beyond.

In the world of QuickSwap, deflation and tokenomics have been the talk of the town, with burns, buybacks, sustainability, and so much more heating up conversation and healthy debate across the dragon community. With a decisive approval from the QuickSwap DAO, QUICK has finally arrived at balanced, intelligent, and powerful tokenomics that will drive the dragon DEX forward into the future with both direction and stamina.

It’s time to highlight the 6th pillar in the DragonFi 2.0 journey: the evolution of the QUICK token and journey to its recent tokenomics refresh.

QUICK Tokenomics: The Full Story

From day 1, QuickSwap has placed its vibrant community at the forefront of every decision. That’s why QUICK’s tokenomic changes were first presented in a DAO governance proposal.

in October 2024, which kickstarted the QUICK “Trial of Fire” – an initial 3-month trial period where 100% of protocol revenue was used to buy back and burn QUICK. The community's enthusiasm only grew from there, leading to a second successful DAO vote.

in January 2025 that extended QUICK token burns for an additional 3 months. But even that wasn't the end, as April 2025 witnessed the dramatic "Trial of Fire" extension DAO vote, pushing QUICK’s burning mechanism forward for yet another quarter year into the summer of 2025.

These consecutive community-driven decisions transformed QuickSwap and the QUICK token into something truly revolutionary in the DeFi landscape – the world's first and only deflationary DEX (decentralised exchange). Now, time to unpack what it all means and why it matters.

By the Numbers: Breaking Down the QUICK Buyback and Burn

Over the 9-month duration of the “Trial of Fire”, QuickSwap’s buyback-and-burn campaign burned more than 50,000,000 QUICK – over $1.2 million of QUICK in total (based on token prices during that time). During several extended periods, more than $10,000 worth of QUICK was burned daily. In fact, the burns were so effective that they outpaced total token emissions during the same period, creating a genuinely deflationary environment for QUICK. As is often the case, while most DEXs continued to aggressively emit tokens and expand their total supplies, QuickSwap boldly charted a different course.

QUICK’s deflationary status stands out as a Web3 first, contributing significantly to the protocol's long-term operational sustainability. For the dragon army, that has meant participating in an ecosystem where value accrual mechanisms are built directly into the tokenomic design, rather than relying solely on market speculation or temporary yield incentives. QuickSwap is proud to stand alone in achieving genuine deflation not only as a leading DEX on Polygon, but as a pioneer in sustainable tokenomic design across the entire DeFi landscape. Now, it’s time for the next leap forward.

Sustainable Tokenomics for a Long-Term Vision

On July 1, 2025, the QuickSwap DAO officially put into place a sweeping update to QUICK’s tokenomics, marking a major milestone in the protocol’s evolution. The decision involves implementing modifications to tokenomic structure and incentives with long-term sustainability, product innovation, and deeper liquidity across multiple chains. The new model introduces foundational shifts in emissions, revenue use, and protocol funding – all designed to make QuickSwap more agile and durable.

At the heart of the update is a modest but strategic reallocation: 3% of the total QUICK supply will now be held by the Foundation. These funds are earmarked exclusively for protocol growth, including onboarding Protofire, a top-tier development team, and rebuilding the user experience from the ground up. This isn't a retreat from decentralisation, but rather an investment in operational capacity. Co-Founder Roc Zacharias will continue to volunteer without compensation, and Sameep Singhania will transition to an advisory role – again, without receiving tokens. Fundamentally, every QUICK token allocated to the Foundation must be employed to serve the project – not individuals.

Protofire’s involvement is already driving momentum. The team will lead a full redesign of QuickSwap’s UI/UX, introducing better performance, more advanced features, and cleaner navigation. The goal is to deliver a DEX that competes at the highest level, both technically and visually. This work is critical not just for user retention, but also for onboarding new communities as QuickSwap expands to additional chains like Base. A great product experience is central to that vision, and this tokenomics shift ensures the resources are finally in place to make it happen.

The most transformative element, however, is the overhaul of QUICK’s emissions and revenue model. Previously, emissions introduced new tokens into circulation each day, only to burn even more in an effort to maintain net deflation. This created an unnecessary cycle that strained the treasury and imposed a finite lifespan on yield farming. Under the new framework, QuickSwap will halt emissions entirely. Instead, it will redirect protocol revenue to fund farming rewards directly, and any additional revenue will be burned – creating a deflationary effect without new token issuance.

For the first four months, revenue will be split to support this transition, with 60% allocated to farming rewards, ensuring uninterrupted yield generation. 5% will be burned, 10% will be allocated to treasury-owned liquidity (TOL), and 25% will fund development. After this period, the model becomes even more sustainable: 50% of revenue will go to farming, 40% to burns, and 10% to TOL. Developer funding will end, and emissions will remain untouched.

TOL gives QuickSwap added flexibility and strength. With the treasury owning and deploying LP tokens – especially in the ETH/QUICK pair – the protocol can strategically support liquidity where it's needed most, including new chain deployments. These assets can also earn yield, which can then be compounded to build the treasury further. Sustainability is about creating a self-reinforcing system where protocol value grows over time without extracting value from holders via token inflation.

In effect, the proposal ushers in a smarter, leaner, and more sustainable QuickSwap. Farming can now continue indefinitely, backed by real revenue instead of borrowed time. Token burns are cleaner and more meaningful. Treasury growth is now a core objective, not an afterthought. And perhaps most importantly, the community remains at the center of it all.

Pillar 6: A Critical Stepping Stone

This pillar marks the next chapter of QuickSwap: one defined by resilience, precision, and long-term alignment with the values that launched the protocol in the first place.

The DragonFi 2.0 journey is almost complete. With the new QUICK tokenomics now defined and in full effect, the future of QuickSwap looks even brighter.

Time for one final pillar, coming soon.

Big news for the QuickSwap community: dynamic fee hooks, powered by Brevis’s zkCoprocessor, are now live on Soneium.

Bringing real-time, flexible fees to the DEX trading experience. 

When it Comes to Fees…

When it comes to fees, size matters. High fees can drive traders away, while low fees during volatile periods can hurt LPs. Fixed fee tiers have been the norm, but they leave little room for flexibility, and they make it difficult to reward loyal traders who power the ecosystem. That changes now.

Dynamic fee hooks give QuickSwap a new layer of intelligence. These smart contracts adjust fees in real-time based on market conditions and trader activity, creating a system that rewards high-volume traders with lower fees while giving LPs a way to earn more when markets get volatile. And of course, it’s permissionless, verifiable on-chain, and trustless.

What’s not to like?

Dynamic Fee Hooks: The Rundown

Here’s how it works: Brevis’s zkCoprocessor calculates traders’ 30-day trading volume off-chain, generates a zero-knowledge proof, and sends it to QuickSwap’s smart contract for on-chain verification. 

If a trader qualifies for a VIP tier, discounted swap fees automatically apply for the next 30 days, creating an effortless, gas-efficient loyalty mechanism that enhances UX for traders without introducing extra steps.

The first dynamic fee hooks are already live on Soneium for the following pools:

• WBTC/WETH
• USDC/WETH
• USDC/ASTAR
• ASTAR/WETH

Traders using these pools now benefit from a flexible fee structure that aligns with their trading activity, all while supporting LP profitability and deeper liquidity across QuickSwap.

How to Deploy Hooks

For pool deployers, setting up Brevis-powered dynamic fees is straightforward with the Brevis Portal. The portal allows pool creators to configure pool details, set VIP tiers, and deploy hooks in a few steps. 

Once deployed, the hook is linked to the pool, activating dynamic fees immediately. 

The Brevis Portal makes it very easy to launch fee experiments, build loyalty incentives, and optimize pools for different market conditions. No crazy technical setups required.

Dynamic Fees are the Future of DeFi

For QuickSwap, the launch of volume-based dynamic fees is using adaptive, user-aligned trading to make EVM DeFi better for everyone. Upcoming features include token-holding-based fee discounts to reward long-term holders, and volatility-based dynamic fees designed to protect LPs from excessive volatility.

For those looking to get a taste of what’s next, head straight to Soneium and experience firsthand how dynamic fees can optimize your trading experience. And if you’re an LP, now you’ve got a system in place to protect your positions – check it out! 

Dynamic, adaptable, and fully verifiable on-chain, Brevis’s new fee structures represent the next chapter for DeFi. As always, QuickSwap dragons are one step ahead, leading the charge.

Happy swapping, LPing, and earning, dragons!

In September 2024, the first of 3 governance votes was introduced where the community voted “Yes” to buy back and burn QUICK tokens using 100% of protocol revenue for a 3 month trial. Coined the ‘Trial of Fire’ that started on October 1, 2024, this buyback and burn mechanism has been ongoing ever since, slated to conclude at the end of June 2025.

The data and results of the QUICK token burn have been staggering, to say the least. Probably the most impressive stat, among many, is that over $1 million in QUICK has been bought back and burned in just shy of 9 months, and the burn rate has been accelerating recently due to the increased fee burn from the last vote. We’ve seen ~$340,000 in QUICK burns in the last 30 days, a rate of over $10,000 in QUICK/day. If continued without any increases in volume from potential bull market conditions, we’d burn ~$4.1 million QUICK/year (~20% of the supply). If we saw numbers even close to the last bull cycle, we could be burning tens or hundreds of millions of dollars in QUICK per year - as we know, we typically see larger numbers during each bull run (in general industry numbers).

Now it’s time to take things a step further and look at the broader vision for the QUICK token and the overall DEX itself - revamping the tokenomics and making big changes to the platform and team to help QuickSwap maintain a strong market position and increase long-term sustainability.

This governance proposal has been introduced to outline an updated QUICK tokenomics model designed to align both the interests of the dragon community and QuickSwap DEX, which includes allocating funds during an aggressive rebuild phase to serve 5 primary purposes:

1. Making emissions more sustainable and extending the QuickSwap community treasury token runway.
2. Onboarding Protofire as our new primary developer team to revamp the QuickSwap platform’s UI/UX with a complete redesign and overhaul.
3. Upgrade various components of QuickSwap’s infrastructure, such as subgraphs and RPCs.
4. Protofire supporting ongoing DEX operations and fixing existing bugs/issues.
5. Protofire leading new product building and innovations, plus chain deployments.

Continue reading the entire proposal below for more details and information.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, June 21 at 12:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Wednesday, June 25 at 12:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

The ‘Trial Of Fire” - How Did The Token Burn Perform Over 9 Months?

As of June 18, 2025, here’s an overall breakdown of where the numbers lie in regards to the burn, which started on October 1, 2024 (almost 9 months in total):

• Total Supply: 953,735,035 QUICK
• Circulating Supply: 756,993,676 QUICK
• Burned Tokens to Date: 46,295,262 QUICK
• Burned Tokens Since October 1, 2024: 44,696,429 QUICK
• Burned Tokens on October 1, 2024: 1,598,833 QUICK

The burn has been accelerating rapidly over recent months, especially after the recent fee upgrade vote. In the last 30 days alone, QUICK has not only been deflationary but also has burned $340,000 USD worth of QUICK. That is over $10,000 in QUICK per day being burnt!

QuickSwap has been (and continues to be) the only deflationary DEX in the world. The ongoing buyback and burn has helped the QUICK token become more scarce, and has given holders increased confidence. Social media has also been buzzing with community members and KOLs discussing the burn and deflationary aspect of QuickSwap.

Proposed QUICK Tokenomics Update

As mentioned earlier, the goal is to move the QuickSwap DEX to a much more sustainable model for the long-term in regards to emissions. This would require changes/updates to the QUICK tokenomics model and how the QUICK token is split.

The QUICK token is extremely decentralised and almost all tokens went to the community - part of this proposal aims to give the Foundation more of a budget to work with to fund operations to revamp the platform and build more and new innovative products, as well as support new deployments and ecosystem growth on chains like Base. The Foundation has always been “long” QUICK (never arbitrarily sold QUICK but has instead held since the beginning).

Unfortunately, due to market conditions, and because the QuickSwap Co-Founders and Foundation gave 96.75% of tokens to the community, had no token sale, and never took VC funding, development has been somewhat limited. Some members who are part of the Foundation even volunteer for free, such as Roc Zacharias, QuickSwap’s Co-Founder - Roc will continue to volunteer and none of these tokens will go to him. This community funding will help finally achieve the goals that have been outlined in this governance proposal, primarily by bringing on Protofire as a new all-star developer team and continuing QuickSwap’s already top-notch BD and Marketing teams.

A full breakdown of the proposed updates to the QUICK tokenomics are below:

• Foundation Allocation: 3% of the total QUICK token supply to be allocated for the Foundation, which will be used for initiatives such as the following:
• New Developer Team: Protofire’s seasoned developer team of senior engineers and experts would be supporting QuickSwap moving forward (more information below).
• Leadership Change: Sameep Singhania, Co-Founder of QuickSwap, will be stepping into an advisory role for QuickSwap; tokens will not be used for this. Sameep has volunteered to take no pay, for the good of QuickSwap.
• UI/UX Redo: As part of onboarding the new developer team, one of the first proposed steps will be to revamp the DEX’s UI/UX. This includes improving functionality and speed, design overhauls, more advanced features, and more.

Token Emission, Burn, and Revenue Rehaul:

• Currently, the way emissions and burns work is that QuickSwap emits x amount of tokens per day, and burns x + y emissions per day, resulting in net deflation. However, it still introduces tokens into the circulating supply before burning them, which is somewhat arbitrary and unnecessary. One of the negatives is that this system gives QuickSwap a limited lifespan, as tokens will eventually run out.
• Instead, we can achieve the same net effect (without using uncirculating tokens) by ceasing to emit tokens altogether for emissions and instead taking revenue - this revenue can be used to supply emissions directly and then burn the additional revenue.
• Additionally, during QuickSwap’s aggressive rebuilding phase, we are proposing the following changes to the way revenue is split, some being temporary.

1. For 4 months, the community portion of the revenue will be used as follows:

• 60% for farming rewards: This would replace emissions that will no longer happen; emissions would now be covered and we would be building UP the treasury instead of depleting it. The result of this is that farming rewards can now run indefinitely, and the net buying of QUICK at current revenue levels could increase drastically during a bull market.
• 5% burned: This is now a pure burn, since there will be no more new token farming emissions entering the supply.
• 10% TOL (Treasury Owned Liquidity), ideally the ETH/QUICK pair
• 25% to a temporary 4-month developer fund

2. After the first 4 months:

• 50% of QUICK to be used for replenishing farming rewards (now sustainable emissions, where no new QUICK tokens enter the supply)
• 40% of QUICK to be burned (again, this is a pure burn, not a net burn)
• 10% TOL (Treasury Owned Liquidity), ideally the ETH/QUICK pair
• Developer funding ends

*TOL: These funds will belong to the Treasury, where it will have the power to create chosen LPs (ideally ETH/QUICK) and move them where it makes the most sense, such as new chain deployments. In addition, the Treasury will use the funds to farm rewards and either compound or sell them with the long term goal of community treasury sustainability.

As of this week, QuickSwap emits ~125,900 tokens per day. Over the past month, the protocol has averaged daily burns of ~400,000 tokens. This vote proposes a pivotal shift: enabling farm rewards to continue indefinitely while simultaneously growing the community treasury instead of depleting the community treasury over time.

At current levels, this approach not only allows QuickSwap to build a robust treasury but also ensures the protocol remains net deflationary.

If the majority of the community votes ‘Yes’ on this proposal, everything outlined above would be implemented to shape the new QUICK tokenomics, which would go into effect sometime shortly after July 1, 2025.

Protofire Developer Team

Protofire is a developer team consisting of various senior engineers and experts who have longevity and experience in the Web3 industry - they’ve worked with 201+ projects, had 600,000+ unique wallets use their smart contracts, and hit 35,000,000+ transactions.

Their team has partnered with several large L1/L2 networks, infrastructure, and DeFi protocols, including top Web3 names like Ethereum Foundation, The Graph, Balancer, Filecoin, Web3 Foundation (Polkadot), Chainlink, Gnosis, StratEx, and others to build features that deliver a competitive advantage to its partners and users.

As previously mentioned, QuickSwap is looking to bring the Protofire team in at full-time capacity to have them fully revamp the UI/UX, fix existing bugs/issues, and provide ongoing dedicated support to manage the infrastructure + UI/UX.

To initiate this transition, Sameep Sanghania, Co-Founder of QuickSwap, would step down from his role leading the core developer team - moving forward, he would serve as an Advisor to QuickSwap. Sameep will be focusing his time on building a new innovative zkCLOB DEX product - ‘KalqiX,’ with plans to be integrated into QuickSwap in the future (pending a future community governance proposal). It’s hard to say in these early stages, but this could be a big part of QuickSwap’s future.

Here are a few of the recent grants received by Protofire and what they delivered:

• Ethereum Foundation & Optimism - Grants in 2022 and 2023 to develop and maintain Solhint, the most adopted Solidity linting tool that Protofire has developed for the Ethereum developer ecosystem.
• Balancer - A grant in 2022 to understand users’ and institutional investors' fears and demands. Protofire did a comprehensive survey including interviews and reports to drive Balancer’s strategy. Protofire has continued to maintain parts of Balancer governance to this day.
• Aave - In 2023 Aave gave Protofire two Grants to develop a Credit Delegate Marketplace to increase the yields of their users while unlocking completely new use cases, using Atomica to make the process peer to pool.
• Web3 Foundation (Polkadot) - A grant in 2023 to create an Open Zeppelin-like smart contracts factory for the Polkadot ecosystem.
• Chainlink - Multiple Grants to design new network integrations, and create plug-ins for products such as Hardhat and Foundry.
• Gnosis/SAFE - Official deployers of SAFE deployments on new chains. They are “SAFE Guardians."
• StratEx - Lead development team for StratEx, focusing on vault and strategy design, UI/UX, and security.

Protofire has already spent some time working on QuickSwap in the past (i.e. audits and building staking protection for QuickPerps), but is now looking to come aboard full time to lead QuickSwap development including UI rehaul, new innovations and products, security, and maintenance. The Foundation has built a close relationship with the Protofire team over recent years and is confident that their ability to execute is unmatched in the industry.

“I’ve never worked with such an incredible dev team in all my years in Web3” - Alexios Atlas.

For more information about Protofire projects, visit their pagehttps://protofire.io/projects. There, you will find in-depth explanations about other projects they develop besides the grants mentioned above, which will include clients such as Gnosis Safe, The Graph, MakerDAO, 0x, Filecoin, Cowswap, and many more.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Over the last few years, new Layer 2s have been emerging with solid fundamentals, use cases, and hype. As part of its strategy, QuickSwap has positioned itself to capitalise on building across and establishing itself as a leader on many of these hot new chains, recently including Soneium, Somnia, Immutable zkEVM, and others.

Base, Coinbase’s flagship EVM Layer 2, went on an absolute tear only a few months after its launch in August 2023 and has been continuing to astronomically grow ever since in TVL, volume, users, and builders.

QuickSwap sees an opportunity to expand into the Base ecosystem and establish itself as a powerful force on the chain, continuing to push itself as the most community-friendly DEX and replicate its competitive advantage and strategy that helped build the Polygon community.

This governance proposal has been presented for the dragon community to decide if QuickSwap should expand to Base. Polygon will continue to be a focus for QuickSwap - this proposed launch on Base is for the DEX to deploy and establish itself as a leader on another thriving ecosystem.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, May 19 at 4:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Friday, May 23 at 4:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Why Base?

Overall usage for Base has been on an upward trajectory since its initial launch less than 2 years ago. Despite a challenging and turbulent market for many Layer 2s and altcoins, Base’s TVL, volume, and user base have continued to grow and capture significant mindshare from a social and on-chain perspective.

The chain also has over 430 million unique addresses, which is growing at an even faster pace recently (almost doubling in only 5 months since December 2024).

Daily transactions on Base are also high, recently averaging between 7 to 11 million over the last month or so (recent spike in the last few days). This demonstrates that there’s high interest and demand for Base from traders, despite poor market conditions in 2025.

QuickSwap’s Opportunity

The Base ecosystem’s performance has been nothing short of impressive. If QuickSwap were to expand to this network, it has the potential to capture a large portion of its user base and volume/TVL, especially with an all inclusive community focus by supporting not only the large, established blue chip projects but also a big focus on community projects.

Couple that with strong incentives, a powerful UI/UX, endless partnerships, and other advanced DeFi features in its suite, and QuickSwap has a huge opportunity to make a massive impact in the Base ecosystem.

It’s also important to recognise that Base is attracting many large, promising projects and builders on its chains. It’s become a hub for AI Agents, RWA infrastructure, games, stablecoins, and more - meaning QuickSwap could become a home for these projects and support them along the way.

As the market is showing some signs of a potential recovery and enthusiasm picks up, QuickSwap would look to launch on Base as soon as possible.

What would be available for QuickSwap users on Base at launch? To start, the classic swaps, LP, and farming - plus decentralised perpetuals trading in the future.

Plus many more opportunities to come as QuickSwap collaborates with the teams and buildooors in the Base ecosystem.

They say Base is for everyone. Time to bring the dragons in?

QUICK Token on Base

As part of this new launch/expansion, the QUICK token will also be deployed on the Base chain.

This means QUICK would be available for trading on Base, Polygon PoS, and Ethereum. Part of QuickSwap’s goal will be to build up trading volume and liquidity for the token on Base, in addition to exploring other avenues of incentives for holders, such as syrup pools.

An expansion would also mean a potential stronger shift in focus to the Dragon’s Lair on Base.

Large Incentives For Early Users

If QuickSwap were to deploy on Base, early liquidity providers (LPs) would receive LP mining rewards in addition to swap fees. These incentives/emissions will be deployed in an effort to help attract early users on the chain and build liquidity/volume.

Select pairs that will receive these emissions are TBD but will mostly be focused on blue-chip assets and other popular tokens within the Base ecosystem.

As QuickSwap continues to grow its presence on Base, and particularly if the DEX performs well on the chain, there is potential for large amounts of rewards to come for LP pairs.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

DeFi’s been flying under the radar this crypto cycle, but it’s poised for a comeback - and a big one could be on the horizon.

QuickSwap has always been fully committed to bringing the best and most innovative DeFi experience to its users, not only through the actual DEX but also via extensions to other ecosystem partners.

Now it’s time to take things to the next level and broaden the horizon even further.

Introducing StratEx Finance, an advanced DeFi protocol designed to revolutionise yield optimisation and risk management through their strategy marketplace, allowing users to access various investment strategies tailored to different market conditions and risk profiles.

The QuickSwap community has a huge opportunity to help bring StratEx to market by investing in their builders round and forming a strong alliance through a strategic investment, in which the details will be outlined in this proposal below.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, April 7 at 7:30 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Friday, April 11 at 7:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members here: https://www.reddit.com/r/QuickSwap/comments/1jr6kgk/governance_proposal_investment_support_for/

What Is StratEx?

StratEx is a marketplace of complex, insurable, multi-layered DeFi strategies created by independent third-party strategists that even novice users can execute with just one click.

These strategies feed multiple aggregated vaults, initially StratUSD, StratBTC, StratETH, and StratPOL, providing the best risk-adjusted return in each category. The aggregated vaults can then be tokenised for trading on the secondary market, giving the DeFi platforms at the heart of the StratEx ecosystem direct access to the millions of users trading on the CEX network. Visit https://www.stratex.finance to find out more information and read their documentation.

Benefits: QuickSwap x StratEx Integration

If QuickSwap were to make an investment in StratEx and establish a newfound partnership, the StratEx team would provide a custom white-labeled build for QuickSwap, allowing QuickSwap users to access their platform using a tab on the DEX interface.

This would be the first step on a journey to providing many other potential benefits as the partnership evolves, including:

Helping QuickSwap Expand to New Chains

StratEx will have an innovative, new, and exciting DeFi product to share with the industry. It will first launch on Polygon PoS, where TVL will start to build up on the chain - this will help serve as an initial case study to eventually bring the product to new chains and continue growing TVL within those ecosystems.

Overall, this will make QuickSwap more complete as a whole and build a case for it to expand to these other ecosystems (chains) as well, leveraging StratEx’s product.

Closing Deals with Funds/Institutions

StratEx is in talks and working with several liquidity funds, family offices, and other institutions. Through these connections, StratEx and QuickSwap will work together to close deals that will bring TVL to both protocols - both platforms will provide emissions and/or take other actions to close these deals in a mutually beneficial way.

StratEx has already received several commitments for TVL from various entities (more below) and is continuing to lock in more, which will serve as an additional bolt-on BD team for QuickSwap.

World-Class Developer Team

Protofire is the dev team behind building and managing StratEx’s frontend and backend infrastructure. Their team consists of various senior engineers and experts who have longevity and experience in the Web3 industry, and they have worked with 201+ projects, had 600,000+ unique wallets use their smart contracts, hit 35,000,000+ transactions, and achieved $13,000,000+ in TVL.

They’ve partnered with top Web3 names like Ethereum, The Graph, Balancer, Filecoin, Chainlink, plus others, and are committed to making StratEx a success with a seamless and optimal UI/UX.

$20 Million TVL - Soft Commitment

Various liquid funds have made a soft commitment of $20 million in initial TVL for the StratEx platform, with the potential to bring in more over time as the product/platform evolves. This includes Polygon Founder Sandeep Nailwal.

Increased TVL & Volume

StratEx utilises liquidity pools and assets within the QuickSwap DeFi ecosystem, leading to enhanced TVL (Total Value Locked) growth and volume on QuickSwap. StratEx will negotiate seed deals from liquid funds that can potentially benefit QuickSwap and its ecosystem. In this way, it’s similar to ALMs (Automated Liquidity Managers) like Gamma, Ichi, and Steer that have built on top of QuickSwap in the past.

Building Hooks (V4)

StratEx strategists would build strategies that enhance QuickSwap functionality, employing hooks to utilise out-of-range liquidity, allow for leveraged LP farming, delta-neutral ones, etc.

For example, StratEx could leverage V4 hooks for QuickSwap LPs (Liquidity Providers). If their liquidity in a specific pool falls out of range, it stops earning rewards until it’s back in range. With V4 hooks, any liquidity not in range could be deployed into one of StratEx’s DeFi vaults, meaning that position will automatically continue earning rewards. Once the liquidity either falls back in range or is rebalanced, the position will be automatically withdrawn from StratEx’s vault and redeployed into the original QuickSwap pool to keep earning rewards.

This would make QuickSwap and overall Polygon liquidity more efficient and provide higher yields than vanilla LPing.

Enhanced QUICK Token Utility

QuickSwap’s integration with StratEx will help build out new use cases for the QUICK token. One example is to build an insurance product that will insure both protocols, with other ideas also in the works. This insurance strategy could be backed by QUICK with a yield, giving QUICK additional areas for yield. This is particularly interesting as QUICK is now being burnt instead of staked in the Dragon’s Lair. Now, users could get benefits of the burn with additional yield from insuring vaults.

Exclusive Access for QuickSwap Users & More Complete DeFi Hub

StratEx has agreed to launch its pilot exclusively on QuickSwap, giving QuickSwap users early access to this new potentially industry-leading platform.

In addition, adding StratEx to the QuickSwap product suite would create a more robust and inclusive DragonFi ecosystem, adding to the DEX’s already innovative DeFi Hub.

More Efficient TVL

The QuickSwap x StratEx integration will help make platform TVL more efficient through various means, which would mean more overall volume as well. This will help bring liquidity (and manage more efficient liquidity) to QuickSwap.

This will be executed through hooks (mentioned above), ALM-specific products, and more.

For example, Gamma is an ALM product on QuickSwap that provides strategies for token pairs, auto-rebalancing liquidity when it falls out of range while also auto-compounding rewards to maximise liquidity efficiency. It’s been live on the DEX since 2023 and currently has $33,000,000+ in TVL, with over $51,000,000 in fees accrued.

Diversification of the QuickSwap Treasury

A QuickSwap investment in StratEx will help diversify its Treasury portfolio with an innovative, new product.

StratEx Token Emissions

Once the StratEx token launches, emissions will be provided to incentivise QuickSwap liquidity via the vaults.

Boost In User Base & Retainment

As StratEx’s product goes live and starts bringing in a new user base, QuickSwap and its DragonFi ecosystem will directly benefit from exposure on the platform. This means an entirely new influx of StratEx users will be directed to QuickSwap so they can explore the DeFi features that both platforms have to offer.

Co-Marketing

QuickSwap agrees to support StratEx with a co-marketing campaign ahead of their pilot launch to help raise awareness within the Polygon ecosystem.

Throughout the course of this partnership, both projects will also support each other (as needed) with co-marketing in the form of social media initiatives, campaigns, etc.

QUICK Token As Insurance + New Dragon’s Lair

StratEx will agree to use QUICK as its insurance token to start, meaning users who stake QUICK in select vaults will be eligible to receive insurance on their deposits. In addition, the QuickSwap Treasury will seed the initial TVL (using 3.5% of the QUICK token supply, or ~$1 million) to create a “New Dragon’s Lair.” In this regard, QuickSwap will serve as a first loss provider to protect other QUICK token stakers in this new Insurance vault.

Extra Revenue & Utility

The integration with StratEx will serve as an additional revenue stream for QuickSwap, while also providing additional utility (as mentioned above) for the QUICK token.

It will also make the QuickSwap protocol safer overall, thereby potentially attracting more TVL. There has been interest and requests from funds for this integration with StratEx, which could spark more interest in QuickSwap as a whole.

Proposal & Investment/Distribution Terms

To kickstart this partnership and mutually beneficial agreement, the QuickSwap Treasury would invest in the StratEx builders round via a token swap at $40 million FDV (Fully Diluted Valuation) which 100% will be allocated to the QuickSwap community. Other investors in the round include respected names like Orbs, CJN, IBC, and LDA.

The allocation to the QuickSwap community would be as follows:

• 100% of tokens will be given to QUICK holders
• 50% of this amount will be decided by the Foundation on the distribution method (via a syrup pool, airdrop, etc.)
• The remaining 50% will be decided through a separate vote

Options for QuickSwap’s investment in StratEx are below and will be listed in the governance vote for the community to decide:

• $200,000 investment, plus insurance vault seeding & activation of new "Dragon’s Lair”, given in 6 monthly tranches.
• No investment

Note that the $200,000 investment would be split into 5 tranches ($40,000 a month for 5 months).

The funds listed above would come from the QuickSwap Treasury and would be conducted as a token swap.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

In January 2025, a governance vote was introduced to extend the ‘Trial of Fire’ another 3 months, continuing it from its inception in October 2024. The community voted ‘Yes’ for this vote, meaning that QuickSwap would continue to buy back and burn QUICK tokens using 100% of protocol revenue for another 3 months (making it a 6 month trial).

These additional 3 months have almost passed (ending April 1, 2025), and have been helpful in compiling more important data, painting a clearer picture of the effects of the overall burn on the token.

Over the entire 6 month ‘Trial of Fire’ period, 6.8% of the QuickSwap DEX’s share of the 10% protocol fee went to the QUICK buyback and burn. A recent governance proposal was passed to increase the DEX’s protocol fee from 10% to 15%, meaning future buybacks/burns would be significantly larger than before.

This governance proposal is being put forth for the dragon community to decide if the ‘Trial of Fire’ should be extended for another 3 months to assess the effects of the new QUICK buyback and burn using 100% of the funds derived from the DEX’s protocol fee of 10% (after scaling it up considerably from 6.8% to 10%).

With the metrics that are outlined below, if this vote were to be implemented, the QUICK token would become truly deflationary and it would make QuickSwap the first truly deflationary DEX in the world.

More information, including key statistics and metrics of the previous buyback and burn, can be found below.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Friday, April 4 at 3:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Tuesday, April 8 at 3:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Big Picture: 6 Months Of Data From The ‘Trial Of Fire”

As of March 26, 2025, here is an overall picture of the burn data since the beginning of the ‘Trial of Fire’ that started on October 4, 2025 (a 178 day period):

*Note that this data is based on the old protocol fee structure of 6.8%:

• Total Supply: 1,000,000,000 QUICK
• Circulating Supply: 749,500,000 QUICK
• Burned Tokens to Date: 20,831,661.6321 QUICK
• Average Burn Per Day: 117,004.84 QUICK/day

Executing a 100% buyback and burn under the new 10% protocol fee model would result in the following:

• Relative Increase in Burn Rate: 45.6% increase
• Projected Burn Per Day: ~170,379 QUICK/day
• Projected Monthly Burn: ~5,111,370 QUICK/month
• Annual Burn: ~62,183,335 QUICK/year

Below is a table illustrating the above numbers in a side-by-side comparison:

As you can see, executing the buyback and burn using a greater amount of funds from the new 10% protocol fee structure will significantly increase the amount of QUICK that is burned.

Decision Time: Extend The ‘Trial Of Fire’ Again?

All of the facts and data have been put on the table. Given the additional timeframe that the ‘Trial of Fire’ underwent over the last 3 months, the overall effects on the token are much more evident.

More QUICK is being burned day by day, and the token is becoming far more deflationary as a result. This directly creates higher scarcity, adding a new and exciting narrative to the QUICK token and its ecosystem.

The QuickSwap community must discuss and vote on whether another 3 month trial should be put into effect or if the protocol should return to distributing revenue in the form of staking rewards for QUICK stakers in the Dragon’s Lair.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Innovation within the Web3 space continues to flourish into 2025, and the competition within the EVM world is ramping up day by day. The industry is demanding faster, cheaper, and more efficient solutions - and it’s time for the dragon DEX to deliver once again on all these fronts.

QuickSwap has deployed on some of the most prominent and promising Layer 2 chains, most recently Soneium and Immutable zkEVM. The DEX’s journey of chain expansion is only getting started.

Introducing Somnia, a powerful EVM Layer 1 chain offering sub second finality and sub-cent fees. Setting a new standard for optimum performance in Web3.

This governance proposal has been put forth for the dragon community to decide if QuickSwap should deploy on the Somnia blockchain (Testnet first, then Mainnet once live). Continue reading for more details, including what DeFi features will be available and the proposed agreement between both parties.

TL;DR:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, March 17 at 1:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Friday, March 21 at 1:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum and Discord channel to share your perspective with your fellow community members

About The Somnia Blockchain

Somnia is a fastest and efficient EVM Layer 1 blockchain, having the ability to process 1,000,000+ TPS (transactions per second) with sub-second finality. Its use case can expand to all realms of Web3 users and audiences, enabling utility and the development of dApps for gaming, social media, metaverses, NFTs, and more.

The chain consists of 4 important blockchain innovations that allow it to stand out within the industry:

• Accelerated Sequential Execution: Done via compiled EVM bytecode
• IceDB: A faster, more predictable database for storing blockchain state
• MultiStream Consensus: A PoS, partially synchronous BFT protocol inspired by Autobahn BFT
• Advanced Compression Techniques: Help support increased node-to-node data traffic due to throughput

Somnia's Testnet is currently running and open to the public, which came out in 2024. As this version continues to be battle-tested, there are plans to launch on Mainnet in 2025 and bring this revolutionary chain to the world on a massive scale.

Somnia DeFi On QuickSwap

What would Somnia DeFi look like on the dragon DEX? The best possible UI/UX coupled with high rewards/farming incentives for users and LPs, plus much more.

If this governance proposal is voted ‘Yes’ by the community, QuickSwap would start by deploying on the Somnia testnet, with the eventual upgrade to Mainnet once live.

On Somnia Mainnet, users will be able to:

• Swap between their favorite ERC-20 tokens at lightning-fast speeds
• Provide liquidity (LP) to earn a portion of trading fees
• Earn farming rewards by LPing to select token pairs

And that’s just the beginning. As QuickSwap and Somnia further expand the partnership and collaboration, more exciting things will be on the way.

Agreement & Terms

As part of QuickSwap’s deployment on the chain (Testnet and eventually Mainnet), both projects have agreed to move forward with the following:

• Somnia will provide liquidity mining incentives for LPs on the QuickSwap DEX, which will help increase TVL and attract users
• Somnia will seed liquidity on QuickSwap at the onset of the Mainnet deployment
• A grant has been provided to QuickSwap from Somnia to help fund developer resources, ongoing maintenance of the chain, and more

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Staying up to date with the latest tech is everything in Web3 these days. QuickSwap’s goal is to not only provide its users/LPs (liquidity providers) with the most advanced, flexible, and efficient solutions but also maintain competitiveness across the ever-evolving DEX landscape.

QuickSwap currently utilises the Algebra V3 dynamic fee model on the majority of its chains (i.e. Polygon PoS, Manta Pacific, Polygon zkEVM).

But there’s a new sheriff in town… introducing Algebra Integral, otherwise known as their V4 that serves as an extremely flexible model/architecture utilising plugins/hooks to take customisation and modularity to a new level.

This proposal has been introduced for the dragon community to decide if QuickSwap should launch Algebra V4 on any existing and future chains, as long as the infrastructure on each respective chain supports it.

TL;DR:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, March 3 at 12:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Friday, March 7 at 12:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum and Discord channel to share your perspective with your fellow community members

Why Is Algebra V4 A Game-Changer?

Algebra, a leading provider of AMM solutions to DEXs, released their Integral V4 modular architecture in 2023, where its core code utilises plugins/hooks to set a new standard in DeFi on protocols.

These plugins/hooks allow another protocol to build something specifically for an LP on a DEX that is more customised and specific, such as fee systems, dynamic fees, on-chain farming (and more - examples will be outlined later in this blog).

When changes are implemented to liquidity pools on a DEX (i.e. fees), these changes apply to all of the pools. However, these plugins/hooks allow DEXs to host separate LP pairs that are unique and built by different protocols, meaning these pools have different characteristics that weren’t available before.

Integral is Algebra’s own version of Uni V4 and takes things to a new level for both developers and users. Developers can use V4 plugins to add additional layers of functionality (more custom solutions), such as deleting, replacing, or updating them. Additionally, built-in farming and dynamic fee mechanisms also operate as plugins that can be adapted by DEXs (such as QuickSwap) to provide different offerings to users.

If a DEX integrates Algebra’s V4 engine, here are some of the potential benefits:

• Minimises wasted gas (~7-22% savings in gas costs - even up 80% in some circumstances) and vastly increases overall efficiency
• Opening the door to new revenue streams and optimisation for specific chains
• Expanding functionality and, as a result, making liquidity pools and basic DEX operation mechanics more advanced and flexible
• Utilising plugins for perpetuals trading, AI, liquidity locking, staking-based fee discounts, etc.

The TLDR is that Algebra V4 is next-generation technology that helps take DEX functionality to an entirely new level - and QuickSwap wants to integrate this technology across all possible chains.

How Do Plugins/Hooks Work? Diving Into The Details

Plugins interact with liquidity pools on a DEX s using Algebra Integral (V4) through hooks. Hooks are specific calls that the liquidity can make before and after users execute transactions. 

If a plugin is attached to the liquidity pool and the specific call to that hook is activated, the pool will call a function defined in the Algebra plugin interface from the plugin. Within this function, arbitrary logic can be implemented in the plugin, including even interaction with the same liquidity pool. Hooks and plugins are interchangeable, meaning information can be exchanged to and from the liquidity pool. 

Implications For QuickSwap

QuickSwap is ready to adopt V4 to the fullest extent and push the integration to all of its chains (where applicable). Algebra has been working behind the scenes to test its V4 tech on the QuickSwap DEX, which has operated smoothly so far.

Enabling plugins and hooks on existing and future chains that QuickSwap is deployed on would enable higher customisation for liquidity pool features for different supported token pairs. With the major phase of the bull market appearing to be on the horizon, capital will look to find its way on the DEX and projects will add more liquidity on these chains, meaning having Algebra Integral in place will be of the essence early.

Now is the time.

Proposal & Fee Details

If the community were to vote ‘Yes’ to this proposal, QuickSwap would integrate Algebra Integral (V4) on existing and future chains. Current chains where this could be applicable to are Polygon PoS, Immutable zkEVM, Manta Pacific, and Polygon zkEVM - any future chains that QuickSwap launches on will be up for consideration.

As QuickSwap continues to build upon its existing chain infrastructure and expand to new ecosystems, having a V4 integration would help it not only solidify its position but become a leader in these new environments.

All fees generated from the Algebra Integral (V4) integration via QuickSwap (on all existing and future chains) will be distributed per the most recent governance proposal/vote on the updated fee structure.

Note that the fee structure mentioned above is aligned with all previous Algebra technology integrations on QuickSwap across other chains, where the distribution according to this structure would resume and remain unchanged from existing models.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

With Soneium Mainnet now up and running, Astar Network is working with flagship DeFi ecosystem projects on the chain to bolster adoption.

To do this, they’ve officially launched the ACS (Astar Contribution Score Campaign), the latest initiative on Sonieum designed to draw in new users and incentivise existing ones.

QuickSwap is excited to be one of the DeFi protocols participating in this amazing initiative, where users can swap on Soneium to earn daily ACS points that can ultimately be claimed for ASTR token rewards!

The total reward pool is up to 100 million ASTR tokens, and the campaign will run from Thursday, February 20 until Friday, May 30, 2025.

Get started now and read below for more information: https://acs.astar.network/ 

ACS Campaign Objective

The ACS Campaign is designed to engage users and projects within the Soneium ecosystem while enhancing the utility of ASTR on Soneium, the native token of Astar Network. 

This will be done by rewarding participants with up to 100 million ASTR tokens through the duration of the 3-month campaign, and it will be across 10 different seasons.

Goals and objectives: 

• Utility expansion of ASTR
• Increase in ASTR holders on chain
• Deeper strategic alignment with Soneium
• Preparation for broader adoption across the entire Superchain ecosystem

Rewards will be distributed to active participants across dApps that are deployed on Soneium, with QuickSwap being one of them. ACS Rewards accumulated by each user can be used to claim ASTR tokens (more on this in the last section below).

How To Earn ACS Rewards On QuickSwap

QuickSwap is one of the leading DEXs on Soneium and is partnering with Astar Network to support the ACS Campaign and help drive user adoption. Throughout the campaign, QuickSwap will be distributing rewards based on user actions on Soneum Mainnet 

Per the above, the ACS Campaign will consist of 10 total seasons. The criteria to qualify for rewards during Season 1 (starting now) on QuickSwap is based on overall trading volume.

Users can earn daily ACS rewards via QuickSwap by trading between the below eligible token pairs on Sonieum. Rewards will be distributed accordingly based on volume amount across the top 20 daily traders only:

Eligible Trading Pairs

• USDC-USDT
• ETH-USDC
• ASTAR-USDC
• ASTAR-ETH

ACS Rewards Breakdown (Distributed Daily)

• First top 5 traders:10,000 ACS points each
• Next top 5 traders  6,000 ACS points each
• Next top 10 traders: 2,000 ACS points each

Want to continue earning ACS points? Come back to QuickSwap every day and aim to become one of the top traders on Soneium to earn your rewards. There’s plenty to go around!

Earning ACS Rewards

As mentioned above, users will accumulate ACS throughout the campaign by swapping on QuickSwap. Later on, ACS can be used to claim ASTR tokens as rewards on the Soneium Mainnet.

There will be a total supply of 1 billion ACS will be allocated as follows:

• TVL-Based Allocation (70%): The majority of the scores are distributed based on TVL, meaning LPs and active participants receive greater incentives proportionate to their contributions
• Discretionary Allocation (26.5%): This portion is separately allocated to drive targeted ecosystem growth beyond pure liquidity measures
• Consumer & Gaming Applications (15%): Encouraging the adoption of ASTR within Web3 gaming and consumer applications
• DeFi Applications (11.5%): Supporting DeFi protocols and incentivising broader participation beyond TVL - such as QuickSwap

3.5% of the ACS score pool is allocated for specific ecosystem initiatives:

• Astar Surge (2.5%): Scores for projects that participated in Astar Surge and bridged their liquidity to Soneium, ensuring continued engagement
• Soneium Meme Spark Contest (0.5%): Incentivising community-driven creativity through memes

Since inception, QuickSwap has strived to establish itself as one of the biggest community supporters within the Polygon ecosystem. The dragon DEX is the home for LPs (liquidity providers), where they earn a portion of trading fees and can also receive high farming rewards in return for depositing their liquidity.

As the current fee structure for LPs has been in place for several years, it’s time to explore a proposed change aimed at updating to a new swap fee structure which strives to keep QuickSwap’s similar/aligned with other V3/V4 DEXs while also benefitting QUICK token holders.

This governance proposal has been introduced for the dragon community to decide if the fee structure should be updated, where 85% of the fees generated from swaps will go to LPs versus the existing 90% (a breakdown of the 15% fee distribution will be outlined below).

TL;DR:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Tuesday, February 25 at 12:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Saturday, March 1 at 12:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum and Discord channel to share your perspective with your fellow community members

Current vs. Proposed (New) Fee Structure

Currently, LPs on QuickSwap receive 90% of all swap fees generated on the DEX - this is uniform across all chains utilising Algebra V3 and V4. The remaining 10% goes to QuickSwap, and is broken down below.

Current fee distribution (10% going to QuickSwap):

• 6.8% to burn
• 1.7% to the Foundation
• 1.5% to Algebra Labs

This proposal aims to increase QuickSwap’s overall fee share from 10% to 15%, meaning 85% of all swap fees would go to LPs - this is outlined below in more detail (also note that there is a substantial increase in fee distribution to burning QUICK).

New proposed fee distribution (15% going to QuickSwap):

1. 10% to burn
2. 3.23% to the Foundation
3. 1.77% to Algebra Labs

As mentioned earlier, this updated fee structure will bring QuickSwap more in line with those of other V3 and V4 DEXs on the market, while also greatly benefiting QUICK holders - a big net positive for the token (more on that in the next section below).

Benefits To QUICK Token Holders

To illustrate how this updated fee structure could potentially benefit QUICK holders, let’s outline the numbers based on how much QUICK would have been burned (and how much would be burned in the future) in two scenarios.

This updated fee structure proposes to increase the QUICK burn rate from 6.8% to 10% - the figures below showcase the effects of the 6.8% burn rate (example 1) and 10% burn rate (example 2).

Example 1 (6.8% Burn Rate):

• Total QUICK burned (since October 1, 2024): 12,707,970.69 QUICK
• Burn per day (since October 1, 2024): 95,548.65 QUICK/day
• Projected yearly burn: 34,875,257.92 QUICK

Example 2 (10% Burn Rate):

• Total QUICK burned since October 1, 2024: 18,688,192.20 QUICK
• Burn per day (since October 1, 2024): 140,512.72 QUICK/day
• Projected yearly burn: 51,287,144.00 QUICK

What’s the overall impact of increasing the burn rate per this proposal? A 47.06% increase in both the total burn and projected yearly burn.

Therefore, as of February 11, 2025, if the burn rate had been 10% instead of 6.8%, an additional ~6 million QUICK tokens would have been burned over this period. If this were to occur over the course of an entire year, this could lead to an annual burn of over 51 million QUICK, significantly accelerating deflation and increasing token scarcity.

*Note that the QUICK burn, otherwise known as the ‘Trial of Fire’ was extended per a recent governance proposal - this is where 100% of protocol revenue that goes to the Dragon’s Lair is being utilised to buy back and burn QUICK. A new vote will be introduced at the beginning of April 2025 to decide if the burn should continue or if revenue should flow back to QUICK stakers.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Since the beginning, QuickSwap’s goal has been to deploy on the best and most promising Layer 2 blockchains and become a leader in each ecosystem. So far, the DEX has become a home for 7 chains and has been on the hunt for the next opportunity.

That opportunity has come.

Enter Soneium, an Ethereum Layer 2 blockchain built by Sony Block Solutions Labs, which was founded by Sony Group Corporation and Startale. Tailored for practical applications, designed to showcase the true spirit of Web3.

Ready to access the very best DeFi on Soneium through QuickSwap? Read more to find out what this means for both ecosystems.

What is Soneium?

Soneium, by Sony Block Solutions Labs, is a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity across Web3 users. Soneium will aim to connect the Web3 and Web3 works, ensuring greater accessibility for users and a smoother onboarding process on a global scale.

The Soneium Layer 2 chain leverages the OP Stack and Superchain developed by the Optimism Foundation, which is highly scalable and EVM-compatible.

The chain will help empower developers, creators, and communities with a robust and developer-friendly environment that’s extremely scalable.

From an ecosystem perspective, Soneium is looking to build and support advanced dApps in the fields of finance (DeFi), entertainment, gaming, and more - where each application will benefit from its low transaction costs, high scalability, and other next-gen tech.

What’s their main objective? To empower creators - giving opportunities to everyone. They want to take Web3 to the next level, creating an open internet that transcends cultural differences and brings people together with diverse values. Their focus is to put innovation first and eliminate social, economic, and regional barriers.

Astar zkEVM will continue providing immense value to the Soneium ecosystem in the following ways:

• Enhanced ASTR Utility: ASTR will be integrated as a key asset within the Soneium Layer 2 ecosystem with more utility while keeping its functionality in ecosystem projects
• Leverage Soneium Ecosystem: Astar will leverage Soneium’s tech its the core of its dApps to gain more user adoption and engagement
• Community Empowerment: Astar will aim to create more opportunities for its users who come to Soneium as early adopters
• Future Prospects: Astar Network will position its ASTR token for potential benefits across Soneium’s growing ecosystem (Astar Evolution Phase 2 - more to come)

From Testnet To Mainnet

In Q4 2024, Soneim launched their testnet with the Op Stack for developers and users to begin utilising the tech and infrastructure, creating their own dApps and acting as a battleground for activity.

Now that Soneium Mainnet is live, they’ve officially become a part of Optimism’s Superchain. The OP Stack (Superchain) is a horizontally scalable network of blockchains that share security, a communication layer, and an open source development stack.

Users can now participate in DeFi to the fullest extent on Soneium Mainnet. And what better place to do it than QuickSwap?

DeFi On Soneium Mainnet Via QuickSwap

QuickSwap’s platform and infrastructure create the perfect home for DeFi on Soneium.

The launch of the DEX on Soneium is an expansion from Astar Network into the Soneium ecosystem, meaning it can connect directly to Optimism's Superchain, Ethereum, and other interconnected chains.

With Soneium Mainnet live, simply connect your Web3 wallet and start exploring Soneium DeFi on the dragon DEX.

Users can do the following on Soneium through QuickSwap:

• Trade ERC-20 Tokens: Swap between your favorite tokens on Soneium with deep liquidity
• Provide Liquidity: LP to your favorite pools on Soneium to earn a portion of trading fees
• Farm: Earn farming rewards from your LP position on select pools.

This partnership has only just begun. Get ready for much more to come, including on-chain campaigns, additional incentives, and other collaborative efforts.

Game on!

QuickSwap and Polygon have taken the reins in 2024, shipping new and exciting updates that are revolutionising DeFi and beyond.

More growth, partnerships, integrations… the list is endless. QuickSwap has had its head down throughout the entire year, relentlessly innovating and building the very best tech to support the entire ecosystem and community.

What an incredible year it’s been. And things are looking even more promising for 2025 and onwards.

Ready for some thrilling highlights? It’s time to dive in to the biggest events that happened in 2024.

On-Chain Stats

QuickSwap continued to showcase its dominance as the leading DEX on all Polygon chains. Here are some of the highlights of the impressive stats to showcase for 2024:

Polygon PoS

• Total Volume: $19.95B  
• Peak TVL: $150M 
• Fees Generated: $17M  
• Trade Count: 35.4M 

Polygon zkEVM

• Total Volume: $297M  
• Peak TVL: $6.3M 

QuickPerps Falkor

• Total Volume: $122M 

Manta Pacific

• Total Volume: $897M
• Peak TVL: $27M

Immutable zkEVM

• Total Volume: $286.8M   
• Peak TVL: $16.5M

Q1 2024 (January - March)

• MANTA Token Airdrop: 60,000+ MANTA tokens were airdropped to the QuickSwap community for both OG users and participants in Manta Network’s Galxe campaign
• KuCoin Listing: QUICK (New) listed on KuCoin, a Tier 1 CEX where users can trade the QUICK - USDT pair
• Immutable zkEVM Mainnet: QuickSwap went live on Immutable zkEVM Mainnet, bringing state-of-the-art DeFi onto Web3’s leading gaming chain with swaps, LP, and farms
• Liquidity Hub on zkEVM: QuickSwap Liquidity Hub went live on Polygon zkEVM (the second chain deployment after Polygon PoS), powered by Orbs Network. This enabled faster, more efficient swaps with less price impact for tradoooors
• Merkl Tree Integration: QuickSwap launched its Merkl Tree Integration on Polygon PoS, completely transforming the liquidity providing process. This new tech allowed LPs to deposit liquidity in supported pools of their choice and immediately begin earning farming rewards, all in one click

Q2 2024 (April - June)

• Yoki Origins: QuickSwap participated in Astar Network’s Yoki Origins campaign where users went to their portal to complete social and on-chain tasks on Astar zkEVM
• X Layer Launch: QuickSwap went live on X Layer Mainnet, OKX’s new EVM Layer 2 chain powered by Polygon CDK tech
• Falkor Perps DEX Launch: QuickPerps Falkor went live on Polygon PoS, a decentralised perpetual exchange built on Orderly Network that allows for up to 50x leverage trading with zero gas fees, deep liquidity, and more

Q3 2024 (July - September)

• • Hydra Perps DEX Launch: QuickPerps Hydra went live on Polygon zkEVM, enabling users to trade with up to 100x leverage
  • SparkDEX Partnership: QuickSwap and SparkDEX pushed phase 1 of their new partnership together, where the DEX added SparkDEX (Flare Network) to the chain dropdown menu on the website
  • POL Migration: Earlier last year, Polygon initiated the MATIC to POL token migration, and POL was soon listed on QuickSwap for trading
  • New UI: The QuickSwap website and UI/UX got a major overhaul, marking improvements in efficiency and design across the board for users
  • Justin Sun News: September was a wild month, where Justin Sun (TRON Founder) mentioned QuickSwap in several posts on the X platform, getting ready for the DEX to deploy on BTTC (Bittorent Chain)
  • QUICK on Binance Futures: QUICK has listed on the Binance Futures exchange, allowing users to trade the token (perps) with up to 75x leverage
  • 100% QUICK Burn: In October, the community voted ‘Yes’ to a governance proposal to temporarily (3-month trial) burn 100% of QUICK tokens with protocol revenue
  • DragonFi Ecosystem Highlights: A high-quality video giving a comprehensive overview of QuickSwap’s entire DragonFi ecosystem was released

Q4 2024 (October - December)

• Falkor Launch on ETH: After deploying the Falkor perps DEX on Polygon PoS, QuickSwap expanded its horizons and launched it on Ethereum. This was a major move to the ETH L1 Mainnet, allowing Ethereum users to deposit onto the perps DEX directly from the native ecosystem
• Liquidity Hub on ETH: As part 2 of the expansion to Ethereum, QuickSwap Liquidity Hub went live on the ETH L1 Mainnet. This integration with Orbs Network is in the form of a swap aggregator, where users can trade ERC-20 tokens on Ethereum via QuickSwap for some of the most optimal prices and lowest slippage that the network has to offer
• Polygon Memecoin Mania: Hype brewed across the Polygon memecoin sector, with Polygon and Wen Markets officially showcasing their ‘Hallowen’ event in October 

Bring On 2025

Other important events across the year were as follows:

• DragonFi 2.0: The DragonFi 2.0 narrative continued to unfold into 2024, revealing details about QuickSwap’s products, community, revenue streams, and much more
• X Spaces Rebrand: ‘All Roads Lead to Polygon’ rebranded to ‘The Aggregated’ X Spaces, maintaining its position as one of Web3’s top crypto podcasts and amassing over 1,000,000+ listeners in 2024
• Year of the Dragon: As everyone knows, 2024 was the Year of the Dragon. QuickSwap continued growing its ecosystem an 
• Governance Proposals: Throughout 2024, QuickSwap launched a whopping 24 governance proposals on Snapshot - the community was incredibly active and accomplished a lot by pushing important decisions through

In September 2024, a governance vote was put forth where the community voted “Yes” to buy back and burn QUICK tokens using 100% of protocol revenue for a 3 month trial. This was called the ‘Trial of Fire’ and started October 1, 2024, replacing staking in the Dragon’s Lair with a burn instead.

The rationale behind this initiative was to switch things up and explore a new mechanism to explore the utility and tokenomics for QUICK, also aiming to improve community sentiment around the token. 

This trial period is over (but the current burn will be extended until this vote has completed), meaning the introduction of this new proposal for the dragon community to decide to extend this trial or reinstate QUICK staking.

Read below for more information so you can decide on how you want to proceed.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, January 4 at 4:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Wednesday, January 8 at 4:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

The ‘Trial Of Fire” - How Did The Token Burn Perform?

As of January 1, 2025, here’s an overall breakdown of where the numbers lie in regards to the burn, which started on October 1, 2024 (a 93 day period):

• Total Supply: 1,000,000,000 QUICK
• Circulating Supply: 746,020,000 QUICK
• Burned Tokens to Date: 9,744,590 QUICK
• Burned Tokens Since October 1: 8,146,591 QUICK
• Burned Tokens on October 1: 1,598,000 QUICK

Below are stats related to the impact on the supply of QUICK tokens:

• Total Supply: 0.97% of the total supply burned to date
• Circulating Supply: 1.31% of the circulating supply burned to date
• Annual Burn Impact on Total Supply: With an annual burn of 31.96 million tokens, the total supply would decrease by 3.20% per year
• Annual Burn Impact on Circulating Supply: At 746.02 million tokens in circulation, the annual burn would reduce the circulating supply by 4.29% per year

So what does this mean as a whole for the QUICK token?

The daily burn rate since October 1 was ~87,598 QUICK/day, which has drastically increased since the previous analysis when it was ~74,471 QUICK/day. Of course, the greater the amount of tokens burned, the greater the impact on both the circulating and total supply.

Why Do A Token Burn, Anyway?

As outlined in the last governance proposal, token burns can serve as important mechanisms for projects and their communities. When a token burn is implemented, the project permanently removes a certain amount of its tokens from circulation. 

This creates scarcity because the circulating supply has been reduced - and it’s done through purchasing tokens off the open market and then sending them to a Bur address (private wallet that can’t be accessed because it doesn’t have a private key).

Other potential benefits of token burns:

• Increasing the value of the remaining tokens that are in circulation
• Align the interests of token holders with those of the project
• Boosting the token/project reputation given the perception of a project’s commitment to long-term success
• Reduced inflation to increase the stability of the token’s price

QUICK Token Burn Duration: Extend Trial Or Make Permanent?

Now that you have a better understanding of the overall impact and effects of the initial 3 month burn trial, it’s time for the QuickSwap community to discuss and vote on whether another 3 month trial should be put into effect or if the protocol should return to distributing revenue in the form of staking rewards for QUICK stakers in the Dragon’s Lair. 

Note that while a certain amount of data has been gathered from this initial burn trial, it’s been more challenging to judge and assess the overall effects of this burn given that the altcoin market has been stagnant during the last 3-month period - this is why another vote is being introduced at this stage.

The options that will be outlined in the upcoming vote are as follows:

• Initiate another 3 month ‘Trial of Fire’ where 100% of QUICK tokens will be bought back and burned via protocol revenue (moving to a more permanent tokenomics model after this next ‘Trial of Fire’
• Discontinue the burning of QUICK tokens and return back to using bought back QUICK to provide rewards to stakers

If the broader community voices a different opinion from the options above, there will be an opportunity to discuss on the Reddit and Discord forums for consideration to amend the voting options prior to the vote going live on Snapshot.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

AI agents are continuing to garner more and more mindshare in the blockchain industry.

In fact, they’re becoming essential tools to help improve the user experience by automating and making processes easier for users across the board.

QuickSwap has a unique opportunity to become one of the first DeFi (decentralised finance) protocols to integrate AI agents, making it so that people who aren’t familiar with QuickSwap’s DragonFi ecosystem can more seamlessly complete on-chain actions using natural language. 

Read the proposal below to get more information on how this integration would work.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Friday, December 13 at 9:30 PM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Monday, December 17 at 9:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

What Is SphereOne?

SphereOne is a platform combining AI with blockchain technology to simplify on-chain finance, enabling secure, automated transactions across multiple protocols.

Here are some quick facts:

• Raised $2.5M from top institutional investors like Distributed Global and angels like Don Ho (Founder of Quantstamp)
• 178 unique AI agents deployed (each AI agent is representative of a different protocol or verified smart contract)
• 110 different blockchains are supported, including EVM, SVM, MoveVM, and CosmWasm
• Supporting other similar DeFi customers like Kinetix, Linehub, and SparkDEX
• Offers a straightforward SDK integration for powerful AI agent-driven finance

They’ve already integrated with 12 DEXs, and have more on the way. At this time, SphereOne is looking to make QuickSwap the newest member of their family.

Visit their website at https://sphereone.xyz/ for more information and a video tutorial of how their AI agent tool works.

Proposal To Integrate SphereOne’s AI Agent On QuickSwap

If QuickSwap were to integrate SphereOne’s AI agents, it would help increase conversion rates, user lifetime value, and retention rates as a whole.

QuickSwap users would be able to navigate to Surface Area (SphereOne’s AI agent workflow interface) on the bottom right hand side of the DEX’s website to start interacting with any of the AI agents. 

The default agent is a knowledge agent that acts as a helpful assistant, guiding users who don’t know how to navigate DEXs, perpetual trading, or any other products and services specific to the QuickSwap DragonFi ecosystem. 

Additionally, users would be able to leverage natural language to complete transactions with Quickswap’s swap, perps, pool, earn (farms and Bonds), and bridge protocols.

The cost to implement SphereOne’s AI agents with QuickSwap would be $9,000 (as a one time fee), which would be paid from the DAO/Treasury.

AI agents provide QuickSwap users with a path towards automated DeFi. Users would be able schedule AI agents to execute certain actions at specified time intervals.

Examples include dollar cost averaging into a specific token within a price target range or rebalancing a staking portfolio into a diversified set of different vaults, among other things.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

Earlier this year, a governance proposal passed where the community voted ‘Yes’ for QuickSwap to deploy on the Soneium Testnet and, ultimately, Mainnet. The hype for Soneium and the DEX’s eventual launch on the chain has been nothing short of phenomenal.

As the Soneium starts to grow and develop, it’s imperative that QuickSwap develops partnerships and integrations with the chain’s top ecosystem protocols.

Enter Neemo Finance, the leading liquid dApp staking protocol for Astar Network. They’ve already developed and deployed a partial implementation on the Astar EVM Mainnet called ‘nrASTR’ (with ~108 million of ASTR tokens in TVL). They’re currently expanding to include ASTR, ETH, and BTC LRTs (Liquid Restaking Tokens such as nrASTR, nrETH, and nrBTC). 

Furthermore, Neemo Finance has already been accepted into the acceleration programs by both Soneium and Astar Network.

Neemo Finance is in the works of developing Curator Vaults on the Soneium Minato Mainnet and would like to invite Quickswap as their Curator partner, which would require an investment from QuickSwap (more details below).

Next Steps:

• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Saturday, December 7 at 10:30 AM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run until Wednesday, December 11 at 10:30 AM UTC

• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

What Is Neemo Finance?

Neemo Finance is building a liquid staking/restaking protocol through their nsASTR, nrASTR, nrETH, and nrBTC tokens. These liquid staking tokens are fully optimised to maximise rewards and liquidity on the Soneium chain, developed by the Sony and Astar teams. 

By providing a highly efficient staking structure with no need for restaking and enabling native staking/unstaking, Neemo allows users to mint LSTs/LRTs and earn maximum rewards from the start.

With a strong backing from Soneium and Astar Network, including selection for an Unstoppable Community grant, Neemo is well positioned for rapid growth.

Since their launch in September 2024, they’ve reached around 110M ASTR ($8M) in staking TVL - this is without even issuing nsASTR (ASTR LST). 

Their team anticipates additional growth after the Soneium Mainnet launch and nsASTR issuance. Plans include expanding into ASTR, ETH, and BTC LRTs, launching on Soneium, and introducing additional DeFi products. Furthermore, they are currently raising $1.6M at a $20M valuation as part of their seed round.

Links

Website: https://neemo.finance/ 

X: https://x.com/neemofinance  

Discord: https://discord.gg/Mv7a9sunXh 

Gitbook: https://docs.neemo.finance 

QuickSwap As A Curator Vault

Through the development of nsASTR, an LST for ASTR, Neemo Finance has proposed to collaborate on creating a Curator Vault with Quickswap. 

Similar to Ether.fi’s liquid feature, QuickSwap could act as a Curator Vault that optimises LPing performance. Unlike Ether.fi’s Vault, nsASTR is an LST for ASTR, allowing Neemo to direct Astar’s dApp staking votes to Quickswap. 

Despite nsASTR minting only starting after Soneium’s Mainnet launch, Neemo has already acquired over 100M ASTR that has been selected by Soneium Spark acceleration. They expect TVL to grow significantly, helping elevate QuickSwap’s dApp staking tier.

Why is this important?

As DeFi integrations grow, it becomes increasingly challenging for the Neemo community to identify the best opportunities. Moreover, certain activities like LPing on DEXs require specific expertise (e.g., selecting tick ranges) to optimize performance. Curator Vaults will simplify this process and expand integrations over time, growing alongside nsASTR, nrASTR, nrETH, and nrBTC.

QuickSwap has a unique opportunity to play a key role here and continue to push adoption on Soneium x Astar.

Neemo Finance’s current design is most similar to Beefy Finance, where users deposit appropriate assets into a Vault designated by the Curator. The Curator then manages LPing or asset strategies, enabling users to easily earn Vault revenue with a seamless UX. 

For Curators, this structure brings TVL growth, performance fees, and additional revenues. In the case of nsASTR/nrASTR, Curators (in this case QuickSwap) also benefit from ASTR votes delegation. Vault creation is restricted to whitelisted participants, prioritizing protocols that invest in Neemo. 

Additionally, QuickSwap (as an exclusive partner) would receive additional reward incentives.

Investment From QuickSwap

This proposal is for the dragon community to decide if QuickSwap should invest in Neemo Finance (as a DAO) and become a Curator partner for liquid restaking on the Soneium chain.

The investment options are as follows and will be outlined in the vote:

• $5,000
• $10,000
• No investment

Please note that if an amount of investment is agreed upon by the community, the investment would be made by the QuickSwap DAO treasury.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

In September 2023, the dragon community voted in favor of a governance proposal to implement Hexagate’s Web3 security platform. Hexagate provided QuickSwap with real-time alerts on exploits threatening smart contracts or governance participants and ran automated workflows to mitigate issues in real-time when their platform fires an alert. 

The duration for the agreement terms has now expired, which is why this new proposal is being put forward to renew Hexagate’s 12-month engagement with Quickswap.

This agreement with Hexagate will keep providing continuous real-time monitoring and proactive threat prevention to enhance the resiliency and security of the QuickSwap DEX and augment the DAO’s security operations while minimising the risk of hacks and exploits, loss of funds and prevent catastrophic loss to create long-term sustainable growth.

Note that this proposal has been written by both the QuickSwap and Hexagate teams, where the request is to approve a $30K budget expenditure, paid in USDC for 1 year, approved and released by the DAO contributors.

Next Steps:

• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Sunday, November 24 at 6:00 AM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run until Thursday, November 28 at 6:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

About Hexagate

Hexagate Website: https://www.hexagate.com/

Hexagate Twitter: https://twitter.com/hexagate

Hexagate monitors blockchains in real-time, and by leveraging ML models, security heuristics, hybrid detection algorithms and invariant monitoring engine, it provides early detection and proactive protection against exploits, abnormal behavior, operational faults and other Web3 threats. The Hexagate platform covers the detection of cyber and financial exploits on 1st and 3rd party code on mainnet deployments, governance and administration risks, suspicious fund movements, phishing, fraud, scams, and custom invariants.

Protocols, chains, asset managers and VASPs that use Hexagate benefit from early and accurate detection of threats, mitigation workflows, IR, and forensics.

Hexagate protects assets exceeding $50 billion in Total Value Locked (TVL) across multiple chains. They’ve earned the trust of prominent names in the industry, including Coinbase, Consensys, BGD Labs, EigenLayer, Securitize (Blackrock’s BUIDL), Uniswap, Aerodrome, Linea, Immutable X, Cronos, Kiln, Polygon, Avalanche, Usual Money, Lombard, Scroll, GMX, Renzo, Swell, ExtraFi, and many others.

The Hexagate platform was built following extensive data and ML research, was back-tested from the genesis block, and managed to detect all hacks in real-time in the past 18 months, where 98% of times it provided an alert more than 2 minutes (sometimes even days) ahead of the hack.

To date, the Hexagate platform saved almost $2 billion in actual hacks that targeted its customer base.

Hexagate also elevates security for the entire Web3 ecosystem by helping others in a time of need, participating in post-mortem analysis, war rooms aimed at unveiling exploiters and recovering funds, and by conducting research activities on protocols - here are a few examples:

Notable mentions and latest success stories:

• Hexagate partners with Coinbase to enable developers to create more secure on-chain apps and protocols on Base
• Hexagate partnered with Algebra to offer proactive real-time security monitoring for DEXes running on Algebra AMM, ensuring a safer trading environment for users.
• Found and responsibly disclosed a vulnerability in the Polygon PoS bridge that enables bypassing the consensus of Polygon
• Assisting Compound V2 and Compound V2 forks with a zero-day exploit to open markets safely - Hexagate’s recommendation became the industry standard for opening new markets for Compound V2 forks

And much more.

Hexagate offers real-time monitoring solutions for all sorts of threats before they impact any digital assets and automated prevention tools for projects such as QuickSwap so developers can take on-chain mitigation actions, when applicable.

This benefits Quickswap users by safeguarding their funds from potential exploits on any Quickswap contract and reduces the amount of funds lost in a possible incident.

Hexagate monitors malicious activity on-chain, including on any QuickSwap contracts (perps, pools, tokens, governance proposals, and so on).

Proposal

Below is a summary of the proposal from Hexagate, outlining what they will offer to QuickSwap:

1. Hexagate will provide access for Quickswap to its Web3 security platform and Web3 threat intelligence feed, including its on-chain investigation engine
2. Threats covered by the Hexagate platform:
   1. Detect suspicious malicious contracts before they exploit a protocol
   2. Detect novel 0-day exploits and unknown threats on protocols or its dependencies
   3. Dependencies include tokens, deployers, oracles, bridges, other protocols, etc.
   4. Detect token exploits - excessive minting or burning, abnormal transfers, centralization risks, missing access controls allowing arbitrary approvals or transfers, rug pulls
   5. Detect oracle deviations and delays
   6. Tracking abnormal transfers to detect private key compromises
   7. Alert on token depeg – stablecoins, wrapped assets, or bridged assets
   8. Track fund movement post-incident and automatically tag malicious entities on-chain to taint stolen funds movement in real-time
   1. Simulate and analyze any malicious governance proposal (or a malicious proposer) that goes on-chain (including when a governance proposal executes)
   2. Analyze contract ownership or role changes for abnormal changes to malicious entities
   3. Detect malicious implementation updates and changes to privileged configurations that result from missing access controls, private key compromises or rug pulls
   4. Detect centralization risks on governance token holders or phishing attempts on governance token holders
   5. Monitor governance token transfers
   1. Track illicit funding sources and track fund movement
   2. Monitor and tag all malicious on-chain activity including fraud shops, mixers, USDT / USDC / OFAC blacklists, high-risk exchanges, and stolen funds.
   3. Monitor abnormal transfers and/or fund movements from specific addresses (protocol treasury, whales, protocol participants, etc.)
   1. Declare and implement code invariants using descriptive language.
   2. Monitor code invariants and params in mainnet and testnet, to make sure they are not broken.
   3. Leverage pre-defined rules and custom monitors covering balance changes, contract events, function calls, sample functions, token holder centralization, slashing events and more
   1. Governance participants interacting with malicious contracts, phishing addresses, scam tokens, etc.
   2. Detecting malicious dApps impersonating Quickswap
   1. Exploits on first or third-party code
   2. Governance and Administration
   3. Funds movement
   4. Invariants and parameters 
   5. Phishing, fraud, and scams
3. Hexagate provides generic webhooks,Slack/Telegram/Email/Discord/pagerduty/OpsGenie integrations for any type of alerts
4. Hexagate enables user-generated custom monitors so a user can set up alerts on specific wallets, whales, specific events, specific contract calls, and so on, enabling users to customize their monitoring to fit their needs
5. Hexagate will work directly with protocols in the ecosystem to configure and set up security monitoring and prevention flows. Every team can also create custom monitoring with Hexagate no-code templates for any additional operational performance event monitoring.
6. Hexagate provides a unique invariants monitoring engine that allows for invariants to be declared using proprietary DSL and can be monitored both on Testnet and Mainnet.
7. Phishing detection for governance participants - Hexagate surfaces any phishing attempt on QuickSwap governance participants
8. Connection to their network of partners and collaborators in which they have an open channel to such as Chainalysis, Binance, on-chain sleuths, and more to be able to notify them in real-time when an incident happens so they can tag the bad actors and prevent them from off-ramping on a big list of exchanges, uncover the attacker’s identity, help with crafting a post-mortem paper, and analyze the blast radius of the incident

*Please note that if the community votes in favor of this proposal (voting a majority "Yes"), it will allow for QuickSwap to use Hexagate's services on any future chains the DEX is deployed on (for the same price).

Budget

Hexagate is asking the QuickSwap community to fund $30K/year in USDC from the DAO treasury for maintenance plus professional service & support listed above, and the QuickSwap Foundation will engage with Hexagate on a commercial agreement for a yearly license of the platform. 

The rationale is that the community is receiving support and maintenance while the QuickSwap Foundation is in charge of operating the system, as security is top of mind.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap is proud to announce a bold step forward in its expansion into the ether with the deployment of its trader-friendly Liquidity Hub on the Ethereum L1 Mainnet. 

Powered by Orbs Network, the QuickSwap Liquidity Hub and its unrivaled user experience have already garnered a massive body of DeFi users across the Polygon ecosystem since its 2023 launch. 

Now it’s time to bring forth the same offer to the thriving DeFi community based on Ethereum Layer 1, this time as a swap aggregator.

Orbs & QuickSwap: Leaving Liquidity Fragmentation in the Dust

For many years, liquidity fragmentation has stood out as one of the most persistent challenges facing the DeFi space. As the number of chains, layers, decentralised exchanges (DEXs), and automated market makers (AMMs) has grown, traders have found themselves navigating a complex web of liquidity pools, each with varying levels of depth and pricing. 

Finding the best deal—while at times feasible—is rarely worth the squeeze. The result: traders have enjoyed the seamlessness of on-chain DeFi while accepting undesirable price impacts, slippage, high transaction fees, and generally suboptimal user experiences as necessary costs of accessing DeFi.

The dragon community voted in favor of a governance proposal to take its integration with Orbs Network’s L3 Liquidity Hub Protocol to the next level.

With QuickSwap Liquidity Hub, Ethereum users have instant access to deep on-chain liquidity via the DEX. Orbs’ solution aggregates liquidity from various on and off-chain sources (solvers such as launch partner ParaSwap) to provide competitive prices for ERC-20 tokens - serving as an alternative to QuickSwap deploying liquidity pools.

There are also no LPs (liquidity providers) on QuickSwap Liquidity Hub via Ethereum. Therefore, there is a minimum transaction size of $60 (subject to change depending on the GWEI price).

Here are the Liquidity Hub’s main features:

• Substantially Deeper Liquidity: The QuickSwap Liquidity Hub integrates with multiple liquidity providers to aggregate liquidity from a diverse group of robust liquidity sources. As a result, traders enjoy deeper liquidity and reduced slippage.
• Optimised Price Points: By tapping a broad network of external liquidity sources, the QuickSwap Liquidity Hub always finds the best price available on the market for traders.
  Gasless Trades and Reduced Fees: Almost (but not quite!) too good to be true, the QuickSwap Liquidity Hub facilitates gasless trades for users, reducing costs and ultimately improving their bottom lines.
• Maximal Extractable Value (MEV) Protection: The QuickSwap Liquidity Hub addresses the issue of MEV outright by ensuring that liquidity providers' rewards are not diminished by front-running or other forms of market manipulation.
• Seamless Integration and Composability: Last but not least, the QuickSwap Liquidity Hub is an ultra-composable DeFi protocol that can seamlessly integrate with existing DEXs and AMMs. That means developers can easily integrate QuickSwap into their own DeFi applications, further improving user experience while adding to the ever-growing dragon community.

Now, imagine all of that coming to Ethereum Layer 1 – it’s happening!

Liquidity Hub Mechanics

While many EVM DeFi users have come to love Polygon’s high-performance PoS chain and ultra-high performance zkEVM, many principled traders prefer to operate in an environment that is secured by an ultra-robust consensus – that is, the base layer. 

QuickSwap is bringing its Orbs-powered Liquidity Hub to the Ethereum Mainnet to bring the best user experience in EVM DeFi to Layer 1 traders. Aggregated liquidity, prime price points, low slippage, MEV protection, and epic composability are now within reach for those who prefer life on the base layer!

Here’s a quick look at the underlying mechanics of the protocol:

The Larger Mission: Conquering EVM DeFi, One Layer at a Time

With QuickSwap’s Liquidity Hub already leading the charge on Polygon PoS and zkEVM and now expanding to the Ethereum Mainnet, QuickSwap is well on its way to achieving its broader mission of EVM DeFi dominance. While Ethereum users begin to explore and enjoy the benefits of aggregated liquidity, reduced transaction fees, and a seamless user experience, QuickSwap will be adding to its ever-growing community.

In the relentless pursuit of DeFi dominance and the expansion of its Liquidity Hub, the future looks brighter than ever for QuickSwap, its DeFi ecosystem, and growing legion of dragons.

Following a successful launch on Polygon PoS, QuickSwap has officially launched its newest, cutting-edge decentralised Perpetual Exchange, QuickPerps: Falkor, on the Ethereum L1 Mainnet.

With this launch, QuickSwap has officially initiated its expansion to Ethereum.

Users can now deposit their funds directly from the Ethereum mainnet onto Orderly Network to trade perps with zero gas fees, up to 50x leverage, and more. Say hello to a more seamless and intuitive experience, where users can deposit funds directly to the Ethereum mainnet without tedious or insecure bridging processes.

The launch represents a major step forward for DeFi and dragons of all creeds and backgrounds, as QuickSwap continues to advance its perpetuals offering to Web3’s leading EVM chains and DeFi communities. 

Learn more about what this means for the DragonFi ecosystem.

The Next Frontier: Ethereum Layer 1

Now firing on all cylinders in Polygon’s high-performance Layer 2 universe, QuickSwap is taking strides to capture the next major market segment with its unrivaled Perpetual Exchange. 

With QuickPerps Falkor now live on Ethereum Layer 1, QuickSwap is targeting the breadth of Ethereum DeFi users that value the security of main chain consensus above all else. Here’s the kicker: what most Layer 1 DeFi users have come to accept is that Layer 1 operations come with tradeoffs in user experience, and that robust security demands sacrifices

Well, no more. QuickSwap is bringing the very best of perpetual contracts to Ethereum Layer 1, where OG DeFi users can enjoy the best experience without ever leaving the comfort of their favorite main chain.

Falkor and Dragons Don’t Compromise

QuickSwap has teamed up with Orderly Network to leverage its permissionless backend, where a deep reservoir of liquidity is always on tap. That means that early-stage users will not need to wait a second for liquidity to aggregate on Falkor’s Ethereum Layer 1 platform, as Orderly Network’s permissionless liquidity layer will ensure market depth for all transactions from behind the scenes.

Also as in previous deployments, QuickPerps Falkor will support near-instant transactions and gasless trades on Ethereum Layer 1, all while supporting up to 50x leverage on a wide array of blue-chip crypto assets.

Leading the Next Wave with Perps

Dragons know best that when market volatility picks up, perpetual volume goes through the roof. Wherever the market turns in the months ahead, QuickSwap is leading the way for DeFi users and margin traders with a perpetuals offering that is as ubiquitous as it is finely tuned.

Get your perps game ready, dragons – it’s about to get real toasty on the Ethereum mainnet.

2024 is shaping up to be a pivotal year for QuickSwap as the decentralised exchange (DEX) continues to expand across multiple blockchain ecosystems. With recent deployments on zkEVM solutions like Polygon zkEVM and Immutable zkEVM, QuickSwap is quickly conquering the multichain landscape.

As QuickSwap's presence grows, it's crucial for users to have access to reliable tools that help them make informed decisions about the tokens they engage with. 

That’s where Webacy’s DYOR (Do Your Own Research) tool comes in. 

This proposal has been written by Webacy on behalf of QuickSwap. They are asking the dragon community if the DEX should integrate their DYOR tool (at no cost - this will be a free product) on the DEX swap page frontend to bring a higher security presence to users and - more information in the proposal below.

• To begin, the governance discussion on the official QuickSwap Reddit will run until Sunday, October 20 at 5:30 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Thursday, October 24 at 5:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is Webacy’s DYOR Tool?

The DYOR tool (available at https://dapp.webacy.com/dyor) is designed to give users deep insights into token risks, security, and liquidity. By linking QuickSwap users directly to this tool, they can easily assess the safety and legitimacy of tokens before making any trades.

With QuickSwap expanding to new chains and adding more tokens, having Webacy’s DYOR tool natively integrated into the platform and UI would provide an extra layer of security and research for users without requiring them to leave the platform. 

The DYOR tool enables:

• Comprehensive Token Analysis: Users can get crucial information on token liquidity, market data, and security risks in real-time, helping them better understand the assets they’re trading.
• Risk Assessment & Alerts: DYOR highlights potential risks in token contracts or behaviour, ensuring users have all the facts before making investment decisions.
• Seamless Integration: QuickSwap can easily provide links to DYOR, giving users direct access to in-depth research and risk assessment tools with just a few clicks.

As QuickSwap expands its token offerings and adds more chains, Webacy’s DYOR tool can help ensure the platform remains a secure place to trade. Users will be empowered to evaluate token risks, liquidity, and contract data directly through DYOR, making informed decisions and minimising the chances of engaging with unsafe or risky assets.

Why This Integration Matters

By linking out to Webacy’s DYOR tool, QuickSwap is taking steps to ensure that its users are well-equipped to handle the complexities of token research. This potential integration would:

• Increase user safety by offering a straightforward way to evaluate tokens before trading.
• Boost confidence among traders and LPs (liquidity providers) who want transparent, data-driven insights into the tokens listed on QuickSwap.
• Reinforce QuickSwap’s commitment to user security, providing not only liquidity and trading options but also the tools necessary for careful, informed decision-making.

As QuickSwap continues to grow and innovate across various blockchain ecosystems, partnering with Webacy will provide users with an invaluable resource to help them navigate the ever-evolving DeFi landscape with confidence.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

2023 continues to be a huge year for QuickSwap in terms of chain expansion. The DEX deployed on Polygon zkEVM in March, then on Manta Network, X Layer, and Immutable zkEVM in late 2023, strengthening its presence across the ever-expanding Polygon ecosystem.

Since its inception, QuickSwap has been a Polygon native DEX and has helped bring tremendous liquidity, users, and overall adoption to every chain it’s launched on.

Due to the nature of QuickSwap’s rise in adoption, users, liquidity, and popularity over the years, the DEX has attracted interest from other networks and ecosystems. The most recent is BitTorrent Chain (BTTC), a Layer 2 EVM-compatible solution that is fast, highly scalable, and secure, enabling cross-chain interoperability between the TRON, Ethereum, and Binance Smart Chain networks.

QuickSwap is looking to enter into a partnership with the BTTC team - the first phase would be to launch on the BTTC chain, opening the door to a massive opportunity to explore a new and exciting ecosystem outside of Polygon and boosting its multichain presence.

This proposal is for the dragon community to discuss and vote on whether QuickSwap should launch on BTTC (BitTorrent Chain). Justin Sun will also be personally involved in helping co-market and support QuickSwap x BTTC during and after the launch!

TL;DR:

• BitTorrent Chain (BTTC) is a powerful Layer 2 EVM-compatible solution that is fast, highly scalable, and secure, enabling cross-chain interoperability between the TRON, Ethereum, and Binance Smart Chain networks
• This proposal has been put forth for the dragon community to decide if QuickSwap should launch on BTTC
• BTTC is offering multiple incentives for the proposed launch, including BTT tokens for QuickSwap LPs during the initial mining reward period, organise events and campaign initiatives, seed DEX liquidity, perpetual product supporting QuickSwap liquidity, and social media exposure for the dragon DEX. For privacy reasons, they’ve asked QuickSwap not to mention exact numbers and perks publicly (more info below)
• QUICK emissions may be provided on the BTTC chain but will be limited (only if it makes economical sense for both parties)
• In addition, Justin Sun will be personally helping with co-marketing this initiative to his large user base on socials (3.4M+ X followers)
• BTTC will be seeding liquidity to QuickSwap to help kickstart efforts on the chain
• To begin, the governance discussion on the official QuickSwap Reddit will run until Friday, October 4 at 8:30 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Tuesday, October 8 at 8:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is BitTorrent Chain (BTTC)?

Launched in December 2021, BitTorrent Chain (BTTC) is a cutting-edge blockchain scaling solution and heterogeneous cross-chain interoperability protocol on Tron and initiated its operations in December 2021. The platform facilitates seamless cross-transfer of assets from EVM (Ethereum Virtual Machine) blockchains, including BNB Smart Chain and the Ethereum blockchain, through the BTTC Bridge.

Features of BTTC: 

• Blockchain Security: BTTC is fortified by independent validators utilizing the PoS (Proof of Stake) consensus mechanism, ensuring robust security for the network
• Low Transaction Costs: With average gas fees consistently below $0.01, BTTC significantly reduces transaction costs, providing an efficient and cost-effective environment for users

As mentioned earlier, BTTC is a Layer 2 of TRON, the second largest blockchain network in the world with $7.9B+ in TVL, 262M+ accounts, and 8.6B+ total transactions. TRON is a strong leader in the blockchain space.

BTTC Rewards & Liquidity on QuickSwap

To kickstart QuickSwap’s launch on BTTC, a large amount of reward incentives and liquidity are being proposed to become available for LPs (Liquidity Providers) and the dragon community, helping drive even more adoption for both the BTTC and QuickSwap’s DragonFi ecosystem.

Below is a breakdown of what can be expected:

• Mining Reward Incentive: BTTC commits to offering BTT Tokens during the initial mining reward period for Quickswap LP. The mining reward amount will be subject to adjustment based on market performance, with the intention of encouraging sustained user participation
• Events & Initiatives: To stimulate interest and increase QuickSwap’s TVL (Total Value Locked) and user growth on BTTC, a series of events and initiatives will be organised, leveraging BTTC's social media presence and community engagement strategies
• DEX Liquidity Seeding: BTTC commits to providing initial DEX liquidity seeding to facilitate a smooth start for QuickSwap trading. This measure aims to ensure a seamless and liquid market for QuickSwap users on the BTTC platform
• Perpetual Product Launch Support: Upon the launch of perpetual products on BTTC, they have Pyth.Network integrated to support the product - the platform will contribute a designated amount of liquidity to further support Quickswap's trading ecosystem
• Social Media Exposure & Community Engagement: BTTC's social media channels will actively engage in promotional activities, including AMAs (Ask Me Anything) sessions with the BTTC technical team, aimed at discussing pertinent topics related to QuickSwap. Additionally, PR articles will be disseminated to enhance the visibility of the QuickSwap launch on various social media platforms. Justin Sun is involved in this, and will be supporting as well!

As BTTC continues to develop and the collaboration/activity between QuickSwap and BTTC deepens, there will be potential for more rewards and incentives to become available for community members.

A Massive Leap Forward

If the community were to vote in favor of this governance proposal, it would mark a unique time in QuickSwap’s history to branch outside of the Polygon ecosystem for the very first time and expand its multichain wings.

This proposal seeks to formalize the integration of Quickswap on BTTC, outlining the various incentives and support mechanisms that BTTC is committed to providing. By collaborating in this manner, the intent is to create a mutually beneficial environment for both Quickswap and BTTC, fostering growth, liquidity, and a vibrant user community.

The BTTC team looks forward to the opportunity to work closely with Quickswap and believes that this integration will bring significant value to both ecosystems.

BTTC is a network with great promise and is backed by Tron and Justin Sun, they’re offering our community great incentives, and is growing in adoption and TVL. The first step is to deploy on BTTC, while additionally working towards deploying on the Tron network.

If QuickSwap deploys on the chain, not only would it bring new users and activity to the DEX but also help the network accelerate in growth, all while giving the dragon community an opportunity to access a new exciting DeFi ecosystem.

QuickSwap is continuing to make big moves and stay agile in the ever-changing crypto landscape - and it’s time for the community to make another key decision in the DEX’s future!

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

You know how it goes… in the crypto space, myths spread like wildfire. But what’s more important than anything is discovering the truth, no matter how deep you have to dig.

Ever since its inception in 2020, QuickSwap has built an impeccable reputation as not only the largest DEX on all Polygon chains but also a staple to Polygon’s growth and success. It’s reached massive numbers, including hitting $1+ billion in peak TVL (Total Value Locked) and nearly $70+ billion in lifetime volume, while withstanding the test of time as a centerpiece for the purple community in almost every possible facet.

Despite the dragon DEX’s success, people across the Polygon and other ecosystem communities have been spreading rumors about QuickSwap containing either misunderstandings or misinformation, giving people a false perception.

It’s time to dive into Pillar 5 of DragonFi 2.0: dispelling the 5 biggest rumors about QuickSwap and uncovering the truth that lies within the belly of the beast.

Rumor #1: QuickSwap Is Just a DEX For Basic Trading

One of the most common rumors and perceptions about QuickSwap is that many users (within and outside of the Polygon community) believe that it is simply a DEX for regular swaps and trades.

But there is more to this than meets the eye. In fact, QuickSwap is home to one of the most vast arrays of powerful and advanced DeFi features on its V3 and V2 DEX across 7 different blockchains, including:

• Swaps/trading
• Liquidity providing
• Farms
• Perpetual trading
• Bonds
• Gaming Hub

Plus, contained within each of these DeFi components are even more applications, integrations, and products that make them like no other.

QuickSwap stands as one of the most complete and comprehensive DEX DeFi suites in the blockchain industry today.

Believe it.

Rumor #2: QuickSwap’s Platform Isn’t As Good As Other DEXs For Launching Memecoins

Memecoins are taking the crypto world by storm, and projects are listing on DEXs like wildfire. As a matter of fact, memes are starting to pick up quickly within the Polygon ecosystem.

Many of them have launched on QuickSwap and gained traction - for example, CULO reached nearly a $50 million market cap in just a few months and GOON skyrocketed nearly 3x (hitting a $6 million market cap) in a few days.

One of the rumors spreading around is that the QuickSwap DEX isn’t as ideal as other DEX infrastructures to launch memecoins.

It’s important to note that any issues with launching a memecoin (or token for that matter) don’t necessarily have to do with the DEX itself. It can often take several days for the aggregator to index memecoins or tax tokens, no matter which platform you use.

Contrary to what many believe, QuickSwap is one of the smoothest platforms to launch any token or memecoin. This is not only because of the ease of doing so in a decentralised way but also because of the community support, rewards, and marketing it provides to projects.

Rumor #3: QuickSwap Is Slow & Has Transaction Processing Issues

One of the biggest rumors about QuickSwap is that the DEX is slow when it comes to transactions.

However, the majority of issues that users face aren’t because of QuickSwap’s tech or user interface but instead caused by not using the correct or most reliable RPC.

Using the wrong RPC is the cause of many user problems and actually has nothing to do with QuickSwap at all. 

For example, users have indicated that they have difficulty initiating on-chain transactions on certain networks (i.e. Polygon zkEVM), where their transactions are failing or not processing quickly. This is most likely because they’re on the wrong RPC, where they can go to websites such as Chainlist to find the most reliable one to resolve these problems.

Rumor #4: QuickSwap Doesn’t Support Polygon Community Projects

Another rumor is that QuickSwap doesn’t provide ample support to projects across the Polygon community, whether they’re new and trying to build an audience or previously established.

On the contrary, QuickSwap is known as being one of the most supportive dApps and ecosystems across Polygon and has been the primary driver in building adoption for the chain and onboarding new projects.

For example, on January 30, 2023, QuickSwap integrated Gamma’s ALM (Automated Liquidity Manager) technology. Their TVL went from ~$9 million to nearly $120 million in just a few months, almost a 13x.

Whether it’s marketing support via socials or campaigns, providing additional rewards for token pairs/farms, or assistance with networking, QuickSwap has done more for Polygon ecosystem projects than almost anyone else.

The dragons are always looking to help and provide maximum support to Polygon projects looking to come aboard the DEX. Upwards and onwards!

Rumor #5: QuickSwap Doesn’t Offer Competitive Rewards for LPs

People often say that QuickSwap doesn’t offer competitive rewards compared to other DEXs (within both the Polygon and other external Layer 1/2 ecosystems).

But this is far from the truth. QuickSwap offers high rewards for its farms on nearly all of its chains, offering DeFi users and liquidity providers tremendous opportunities to boost their portfolios with additional yield.

Simply visit the DEX and toggle your Web3 wallet to your favorite network to find out for yourself.

You’ll often find extremely high rewards on token pairs upwards of hundreds of percent in APR. Even popular stablecoin pairs, such as USDC, USDT, and DAI on certain chains are providing users with ~15-30% APR.

Let’s set things straight - QuickSwap offers some of the highest farming rewards across the entire DeFi ecosystem. Period.

Another Pillar Down, More To Come

Now that many of these myths have been busted, it’s time to keep bringing more respect to QuickSwap’s name.

Ready for the DragonFi 2.0 journey to continue? 

QuickSwap has made tremendous strides in expanding its presence across Polygon ecosystem chains. So far, the DEX has launched on 7 Layer-2 chains: Polygon PoS, Polygon zkEVM, OKX’s X Layer, Immutable zkEVM, Manta Pacific, Astar zkEVM, and Dogechain.

Not only has QuickSwap taken the leading position on each chain in terms of TVL (Total Value Locked) and volume but it also has helped continue to push the boundaries in growing adoption and communities for these ecosystems. This is due to the DEX’s battle-tested and trusted infrastructure, industry-leading innovations, vast array of hundreds of partnerships and thousands of integrations, industry-wide reputation, massive community and more.

But now it’s time to take things up a notch… to an entirely new level.

Sony Block Solutions Labs recently announced the development of Soneium Minato, a new and exciting Ethereum Layer 2 that’s set to transform the Web3 space. The great news?

With the community's vote, QuickSwap will launch as one of the premier initial application on Soneium Minato.

This proposal is for the dragon community to decide if QuickSwap should launch on Soneium, helping them spearhead their way into Web3 space. Note that this discussion and vote is for the DEX to launch on both the Soneium Minato Testnet (initially) and Mainnet afterwards.

Discussion and vote timing:

• To begin, the governance discussion will take place on the official QuickSwap Reddit will run until Saturday, September 14 at 2:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot (expedited) vote will begin and run until Tuesday, September 17 at 2:00 PM UTC

What is Soneium?

Soneium, an Ethereum layer-2 developed by Sony Block Solutions Labs. This versatile chain is a general-purpose blockchain platform that aims to evoke emotion, empower creativity, and meet diverse needs to go mainstream. Soneium will be simplifying blockchain experiences while empowering developers, creators, and communities. 

Built on accessibility, scalability, and efficiency, it aims to improve quality of life across industries globally. Soneium challenges to change the way people interact with the internet, opening innovative applications and vast potential for users worldwide.

QuickSwap Deployment On Soneium: What It Means

If QuickSwap deploys on Soneium, it will move swiftly to help bring more TVL, volume, integrations, community, and adoption to the chain. This would bring a huge opportunity to enter into an entirely new ecosystem and collaborate with Soneium and their massive network at the very early stages of their entry into the Web3 space.

This has huge potential to bring the Soneium and Polygon ecosystems closer together as well, with potential future synergies that could make a big splash and disrupt the Web3 industry in ways never seen before.

QuickSwap has the potential to be the leading DEX on Soneium, as it has for all previous chains it’s deployed on, bringing more visibility to the dragon DEX and sparking unlimited potential for growth as Soneium continues to scale and onboard the masses to the Web3 space.

A fiery opportunity indeed.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

For the last few years, a portion of revenue that is earned (from fees and other products) by the QuickSwap DEX has been utilised to buy back the QUICK token on the open market. This QUICK is then provided in the form of staking rewards (as real yield) to QUICK stakers in the Dragon’s Lair, incentivising token holders and the broader community.

Although this process has been the norm, it’s always critical to consider switching things up and exploring other mechanisms to improve the utility and tokenomics for QUICK.

The potential impact of token burns will be illustrated through a series of key case studies later in this blog.

This proposal is being introduced for the dragon community to decide if QuickSwap should implement a burn of 100% of QUICK tokens bought back via revenue, for a  trial basis (to be decided in the vote).

TL;DR:

• To date, QuickSwap has taken a portion of its revenue to buy back the QUICK token, which is then provided as yield (staking rewards) to QUICK stakers in the Dragon’s Lair
• This proposal is being introduced for the dragon community to decide if QuickSwap should implement a burn trial of 100% of QUICK tokens bought back via revenue
• To begin, the governance discussion on the official QuickSwap Reddit will run until Thursday, September 5 at 11:30 AM AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Thursday, September 5 at 11:30 AM AM UTC until Monday, September 9 at 11:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Token Burn: What Are The Potential Benefits?

You’ve probably heard the term, but what exactly is a token burn and why is it important?

In essence, a token burn is when a project permanently removes a certain amount of its token tokens from circulation. This reduces the total circulating supply of tokens, making it more scarce. 

To do this, the project would buy a certain amount of tokens off the open market. Next, they transfer the tokens to a Burn address, which is a private wallet address that cannot be accessed or recovered due to the lack of a corresponding private key.

Projects do token burns for a variety of reasons. They can have several potential positive impacts, including:

• Increasing the value of the remaining tokens that are in circulation
• Align the interests of token holders with those of the project
• Boosting the token/project reputation given the perception of a project’s commitment to long-term success
• Reduced inflation to increase the stability of the token’s price

2024 Dragon’s Lair Buybacks

Under the current model, QUICK is market bought and then distributed to stakers in the Dragon’s Lair. 

To paint a picture of exactly how much this has equated to, let’s look at the data from February - July 2024 of QUICK that was distributed to stakers:

In summary, ~12,450,000 QUICK was bought back and distributed to Dragon’s Lair stakers over this time period (roughly $758,900 at the time). This 6 month period has been relatively low to medium volume, and likely will be seen as very low during the bull market. 

QuickSwap will continue to buy back QUICK (which will vary from month to month) and either burn the tokens that were bought back (if this vote passes) or continue distributing to Dragon’s Lair stakers (if this vote does not pass). 

It’s worth noting that, in the past, there were single months where over $1 million in QUICK tokens were distributed. When bull run type periods occur with high DEX volume, massive amounts of QUICK could be bought back and burned, thus rapidly reducing the supply. 

In May 2021, QuickSwap achieved a trading volume of $8.216 billion. From this, the revenue splits were distributed as follows: LPs (liquidity providers) received $20.54 million, while $4.108 million was allocated for buybacks, benefiting both Dragon's Lair stakers and the Foundation.

Specifically, if $3.286 million was used to buy back QUICK tokens for stakers in the Dragon's Lair (at an average price of $815 per QUICK), approximately 4,032.39 QUICK tokens would have been removed from circulation, representing about 0.40% of the total supply of 1 million QUICK tokens.

Case Study

Below is an example of a case study from PancakeSwap and their implementation of a burn mechanism on their native CAKE tokens, including the impact before and after the burn mechanism was put in place.

PancakeSwap utilises a portion of the trading fees generated on the platform to buy back and burn CAKE tokens, in addition to periodic manual burns.

Burn Dates & Price Impact

• Price at Burn Announcement (May 2021): $15
• Price Leading Up to Implementation of Burn: $25

Current Stats & Estimates

• Current FDV: $743mil
• Total Value Burned: $2.2 billion (78.5% of supply)
• Estimated FDV w/o Burn based on supply destroyed: ~$153mil

It’s clear that the burn announcement initially drove significant price appreciation, peaking at $25 due to market anticipation. Without the burn, the price likely would have seen much slower growth, staying closer to its original value or losing value due to inflation. While prices on CAKE and all other assets have dropped significantly since these times, these numbers still give a good idea of the effects of burns. 

QUICK Token Burn Duration: How Long Should The Burn Trial Last?

As mentioned above, it’s up to the community to not only decide if QuickSwap should implement this QUICK token burn but also to determine how long the initial trial should last.

The proposed duration to implement a 100% QUICK token buyback and burn from protocol revenue is 3 months as a temporary trial run.

If the QUICK token were to undergo a burn per the details outlined above, it has the potential to make the tokenomics more attractive and breathe new life into the token with an exciting narrative.

Moreover, if this vote is approved and the token burn is a success in the community’s eyes, there will be potential to initiate another governance vote after the 3 month testing period has ended to continue subsequently burning QUICK tokens (TBD).

If the broader community voices a different opinion from the options above, there will be an opportunity to discuss on the Reddit and Discord forums for consideration to amend the voting options prior to the vote going live on Snapshot.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

At the beginning of September 2023, QuickSwap initiated a governance vote where the dragon community voted in favor of the DEX launching a Liquidity Hub on Polygon PoS. 

There was a clear demand from the community for this Liquidity Hub, as it enabled even more seamless and efficient trades as part of QuickSwap’s movement to become a more sophisticated protocol with Orbs Network’s latest technology. Liquidity Hub is an advanced decentralised and public blockchain infrastructure designed to enhance the capabilities of EVM and non-EVM compatible smart contracts, allowing users to swap with zero gas fees and less price impact, thereby improving the trading experience across the board.

To date, QuickSwap Liquidity Hub on Polygon PoS has done $150,000,000+ in total volume. And these numbers continue to climb as adoption grows rapidly.

While the trading experience via QuickSwap on Polygon PoS has been drastically elevated due to the integration of this project, the DEX is looking to expand even further with this technology to establish a fiery presence across new network territory and continue dominating… all eyes on Ethereum.

Deploying a Liquidity Hub on Ethereum (as an aggregator) would further drive QuickSwap’s mission to launch several new ecosystem products on the Ethereum L1 mainnet. Ethereum is the largest DeFi ecosystem in the blockchain sector, boasting $46+ billion in TVL (Total Value Locked) and $1.7+ billion in daily volume, as of today.

Moreover, using Liquidity Hub as an aggregator could help build a strong use case for QuickSwap on Ethereum. Users would be able to facilitate swaps and trades across their favorite crypto tokens, directly on the dragon DEX with zero gas trades (at times) and better prices - with no frontend fee.

This proposal has been introduced for the dragon community to decide if QuickSwap should launch a Liquidity Hub that will serve as an aggregator on the Ethereum 1 mainnet, powered by Orbs Network. 

TL;DR:

• QuickSwap would like to launch a Liquidity Hub on Ethereum, further pushing the narrative of expanding to Ethereum
• QuickSwap Liquidity Hub would optimize the swapping/trading experience on the QuickSwap DEX, enabling better execution prices, near-zero latency, lowering gas fees (to zero), and much more for trades that route through it
• QuickSwap and Orbs Network are asking the QuickSwap DragonFi community if QuickSwap Liquidity Hub should be developed & launched and, if so, to review and align on the proposed fee structure
• To begin, the governance discussion on the official QuickSwap Reddit forum will run until Wednesday, September 4 at 1:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Wednesday, September 4 at 1:30 PM UTC until Sunday, September 8 at 1:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

How Does QuickSwap Liquidity Hub Work?

The current version of QuickSwap Liquidity Hub (deployed on Polygon PoS) allows users to swap and trade with zero gas fees (note that this does not always occur - it depends on the trade and tokens swapped) while receiving better prices and faster speeds. Best of all, these extra benefits are provided to users without any change in the UI/UX - everything happens seamlessly in the background via Orbs Network’s technology.

To recap from the previous governance proposal, Liquidity Hub is an infrastructure protocol that brings aggregated liquidity to the QuickSwap DEX by sourcing liquidity above and on the AMM (Automated Market Maker) via other decentralised protocols. It does this by leveraging an optimisation layer to enable better execution prices for swaps, zero gas fees, and more.

Since Orbs Network’s Liquidity Hub taps into various liquidity sources, QuickSwap can process and execute trades for users in a far more efficient manner, since many of these trades would not need to route directly through the AMM.

Here’s a quick flow diagram of how it works at a high level:

Liquidity Hub has no downside if it’s integrated. If the trade that the user is requesting to execute cannot be fulfilled at a better price than the Solvers routing through Liquidity Hub provide, then the trade is instead routed through the AMM. 

What does this mean? Users will always get the best possible price for their trades. Period.

Below are more features of Liquidity Hub in greater detail:

• Better Price Execution: Trades executed on QuickSwap Liquidity Hub result in better overall prices for users
• Zero Gas Trades: Users who trade through QuickSwap Liquidity Hub will receive gassless trades (they may incur some solver fees)
• Zero-Latency Execution: Transactions/swaps occur at zero latency, making them faster and more efficient
• MEV Protection: No losses from MEV would be incurred because orders are matched off-chain and absent of block producers. All funds that would have been lost would be redistributed to QuickSwap users and the DEX instead
• MetaMask Token Spending: Token spending approvals are enabled in MetaMask for Liquidity Hub users, and tokens will stay in their Web3 wallet until the trade processes. QuickSwap remains fully decentralised with all users always maintaining ownership of their own funds.

How Will QuickSwap Liquidity Hub Integrate & Function On Ethereum?

If this governance proposal were to pass, QuickSwap Liquidity Hub would launch on the Ethereum L1 mainnet, allowing the dragon DEX to continue pushing the boundaries on expansion into the broader Ethereum ecosystem.

With Falkor now deployed on Ethereum and Liquidity Hub as a potential future integration on DeFi’s largest Layer 1 network, QuickSwap is entering the Ethereum ecosystem with full force.

This means that QuickSwap’s Liquidity Hub would be available on 2 of the largest blockchain networks in the entire crypto space - Polygon PoS and Ethereum - for the dragon community to access and use at their fingertips.

QuickSwap Liquidity Hub on Ethereum would serve as an aggregator for swaps, tapping into other DeFi protocols as liquidity sources to ensure users on the dragon DEX get the very best trading prices and user experience.

One important item to note is that using QuickSwap Liquidity Hub on Ethereum provides better trades for users compared to other platforms because there is no frontend fee. This means that users get more bang for their buck, saving on costs given that other platforms often charge frontend fees.

Liquidity Hub would be available and displayed using the same sleek UI/UX as the current swap page - no changes would occur to the interface, as the underlying technology would be taking place in the background (exactly as the current version that exists on Polygon PoS).

Proposed Fee Structure

This section will outline the proposed fee structure between both QuickSwap and Orbs Network based on fees accrued from swaps executed through QuickSwap Liquidity Hub. 

Note that this is the same fee structure that was approved by the community from the original governance vote in 2023.

The proposed fee structure and breakdown are below to be split across both communities. The split between Dragon’s Lair and Burn will be split down the middle, as this was what the community voted for with our last protocol launch, QuickPerps. This could be changed in the future with a subsequent community vote. POL stands for Protocol Owned Liquidity, and fees generated to this category would be used to build more Protocol Owned Liquidity managed and owned by the QuickSwap Foundation. Examples of this include QUICK/MATIC, QUICK/ETH, MATIC/ETH, QLP and other liquidity to deepen areas seen as strategic for the success of the DEX. The Foundation can use this and the APR generated to fund various areas of growth and development. 

Fee Share:*

POL

20%

Quick DL:

25%

Quick Burn:

25%

Quick foundation:

15%

Orbs:

15%

Total:

100%

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickPerps: Falkor went live on Polygon PoS in late May, shaking up the perps industry and cementing QuickSwap as a leader in perps trading across the network.

To date, Falkor has amassed $50,000,000+ in cumulative trading volume and supports 40+ different tokens for leverage trading. And this is only the beginning - there’s much more to come.

QuickSwap’s goal is to continue branching out its Falkor perps DEX to support a plethora of blockchain networks, adding more flexibility for users and drawing in more communities from other ecosystems to stay competitive.

QuickSwap has always been focused on the Polygon ecosystem, which is a layer of Ethereum, and now with this move, will finally be building directly on Ethereum L1. This is a huge step towards QuickSwap’s aligned mission with Polygon to scale Ethereum!

As of today, to use Falkor, users can only access Falkor from the Polygon PoS (Proof of Stake) network. But what about adding support for other networks to appeal to a broader audience?

Ethereum is the largest Layer 1 by market capitalisation and has $1.5B+ in daily on-chain trading volume, $71B+ in TVL (Total Value Locked), and 272M+ unique wallet addresses. Some of the largest communities of DeFi users sit within the Ethereum mainnet ecosystem.

Furthermore, perps trading is garnering a tremendous amount of traction across the Ethereum ecosystem. 2024 has seen massive numbers across perp DEXs on the network, currently amassing $608M+ in daily derivatives volume and reaching as high as $1.3B+ in March 2024.

Orderly Network recently went live on the Ethereum mainnet, opening the door to a golden opportunity for QuickSwap and its Falkor perps DEX. What this means is that Falkor can now deploy on Ethereum, which would give ETH mainnet users direct access to next-level perps trading on QuickSwap.

Just how big is this? By launching Falkor on the Ethereum mainnet, QuickSwap has the potential to bring in tens to hundreds of millions (if not billions) in perps trading volume and cement its place in the broader perps industry.

Expanding Falkor to be accessible from the Ethereum mainnet is not only an incredible opportunity but also a key factor in maintaining QuickSwap’s competitive edge. QuickSwap is a powerhouse that has done millions in perps volume already on smaller chains - adding Ethereum to the mix will only significantly boost these numbers. 

This proposal is to decide if QuickSwap should launch Falkor for zero gas fee perps trading on Ethereum.

TL;DR:

• Since launch only a few weeks ago, Falkor has gotten off to a fiery start and amassed a large amount of trading volume and users for decentralised perps trading on Polygon PoS
• QuickSwap is looking to expand its perps presence by making Falkor easily accessible via other popular blockchain networks, tapping into a greater external community base and drawing in new DeFi audiences
• Ethereum is the biggest Layer 1 blockchain in market cap and user base, with the largest community of DeFi users. With users on Ethereum constantly exploring faster, cheaper, and more decentralised ways to trade (perps, for example), there’s still a large unmet need within the ETH ecosystem
• For this proposal, the dragon community will discuss and vote on whether QuickSwap should add support for Falkor on the Ethereum mainnet, allowing users on ETH to deposit funds onto the Orderly Network and access perps trading
• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, September 2 at 5:30 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Monday, September 2 at 5:30 AM UTC until Firday, September 6 at 5:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

How Will This New Deployment Work?

Falkor is already live on Polygon PoS, where users can deposit their USDC directly into vaults to begin leverage trading.

With this new addition, users who have their wallets switched to Ethereum will now be able to deposit their USDC (on the ETH mainnet) into vaults which enable 0 gas free perps trading.

Another key difference is that the USDC would be deposited instantly after the transaction has been confirmed on the Ethereum side versus longer waiting times when depositing from Polygon PoS, which currently takes around ~500 block confirmations to successfully process a deposit.

Users will be able to access the exact same state-of-the-art features on Falkor, such as trades with up to 50x leverage, zero gas transactions, advanced order types, self-custody of assets, and much more. The current 40+ supported tokens for leverage trading will also be accessible, with many more to come.

Any user from Ethereum will be able to deposit their funds onto Falkor without having to bridge or transfer assets to Polygon PoS. Ethereum users will get to experience a smooth and seamless user interface and trading tools like never seen before.

QuickSwap x Orderly Fee Splits

Per the original Falkor governance proposal that the community voted in favor of, the fee splits for the Ethereum deployment of Falkor would remain the same.

As a reminder, the incentives and fee split details are below from the previous vote: 

• Volume Mining Incentives: After Orderly’s ORDER TGE (Token Generation Event), their trading incentives will go live and they will (at a minimum) match any incentives/rewards that QuickSwap provides in the form of QUICK tokens. Orderly will match all trading incentives 1:1 (and potentially more, to be determined)
• Orderly Fee Split: Orderly will charge a fixed fee at launch, but will move to a tiered system down the line. They will use their portion of the fees to provide all of the liquidity needed for whatever volume that the QuickSwap community brings - this will be done through market makers on their end. This means that the QuickSwap community will not need to worry about attracting any liquidity, which is a great benefit and will allow the QuickSwap to focus purely on what matters most - volume and revenue
• QuickSwap Fee Split: QuickSwap will charge custom fees which can be adjusted and optimized based on factors like the level of competition on Polygon PoS over time. Of the fees collected by QuickSwap, 70% will go to QUICK stakers and/or QUICK burns (to be decided by the community in this vote), and 30% will go to the QuickSwap Foundation - see below for more details and options regarding the proposed fee split
• Grant: Orderly Network will be providing a grant to the QuickSwap Foundation to be used for development, maintenance, marketing, and other costs pertaining to the Falkor integration. The Foundation has received permission from Orderly to give 50% of this grant to the QuickSwap community. If QuickSwap is able to achieve certain metrics, Orderly will increase the grant amount as these milestones are hit

At launch (before Orderly TGE), Orderly will charge a flat 3bps fee and QuickSwap will be able to pick any fee to add on top - it will most likely be 3bps) to start, but can be optimised:

• Regular Tier: (Under 300m 30d volume), 3bps taker / 0bps maker
• VIP 1: (>=300m <1bn 30d volume), 2.5bps taker / 0bps maker
• VIP 2: (>= 1bn <2bn 30d volume), 2.25bps taker / 0bps maker
• VIP 3: (>=2bn 30d volume), 2bps taker / 0bps maker

QuickSwap’s portion of the fee split will still remain as follows, which the community voted in favor of this structure in the original proposal: 35% DL, 35% Burn, 30% Foundation.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

In a July 2024 governance proposal, the dragon community voted in favor of QuickSwap integrating Team Finance’s Liquidity Locker tool.

Given the large number of rug pulls and malicious actors defrauding users, the need to introduce a more robust and secure system to protect users and attract liquidity has become increasingly relevant.

Team Finance approached QuickSwap with their Liquidity Locker solution, which allows teams and projects to lock their tokens as liquidity on dApps (decentralized applications) to prevent rug pulls and increase investor confidence.

QuickSwap has officially integrated Team Finance’s Liquidity Locker on Polygon PoS, marking a huge step forward in the collaboration between both projects and a far safer environment for LPs on the DEX.

Learn more about what this means.

Liquidity Locker Explained

Team Finance’s Liquidity Locker tool allows projects and teams to seamlessly, quickly, and securely lock tokens across 23+ blockchains.

When interacting with a liquidity locking tool, token holders can set specific time durations for unlocking their funds, transfer ownership of a lock to another wallet address, or split locks into smaller locks with different owner addresses and end dates.

As long as the lock is active, the user can’t withdraw their tokens from the liquidity pool - they can only withdraw their LP tokens once the lock expires.

Other Key Features:

• 24/7 Customer Support: Team Finance offers comprehensive support via Telegram to help with any questions or issues, day or night
• Project Listing: Projects can share their token project listing page to others that reveal lockup details, vesting schedule, token metrics, and more
• State-of-the-Art Smart Contracts: Team Finance’s smart contracts are non-custodial, secure, and audited

Team Finance has also held up to $6 billion in TVL (Total Value Locked) through its smart contracts and worked with over 35,000 crypto projects, establishing itself as a powerful technology solution.

Increased Security & Trust for LPs on QuickSwap

With the Liquidity Locker now fully integrated directly into QuickSwap’s UI, Polygon ecosystem projects and teams can lock their liquidity on the DEX in liquidity pools.

This means that users can now view projects utilising the Liquidity Locker and provide liquidity to those pools. The goal is to garner more trust and create a more sustainable environment for all market participants.

So, how exactly does it work, and why is it beneficial?

When projects lock their liquidity via the tool on the QuickSwap DEX, it prevents them (the holders of LP tokens) from withdrawing their funds from the liquidity pool. This is done by the Liquidity Locker sending the LP tokens to a time-locked smart contract (length determined by the project) - the tokens are not allowed to be withdrawn for a specified period, which will vary from pool to pool. 

These details will be visible directly on the QuickSwap UI for each liquidity pool, giving users full transparency so they know exactly what they are participating in.

Overall, the Liquidity Locker makes QuickSwap an even more trustworthy and secure protocol for LPs looking to jump into new and existing projects within the Polygon ecosystem.

Newer projects can accelerate grassroots efforts to attract more community members, and previously established projects can continue to build and establish trust with the users they know and love. 

How To LP For Projects Using The Liquidity Locker

Do you like what you see and want to start using the Liquidity Locker on QuickSwap to provide liquidity to projects?

Getting started is easy and can be done in just a few steps.

Follow the guide below to LP using the Liquidity Locker:

1. First, head over to https://quickswap.exchange/#/pools and select “V2” or “V3” (whichever version you have already created an LP position). In this example, the liquidity from the USDC/QUICK pair will be locked.

Make sure your network is switched to the Polygon PoS tab.

2. Next, switch to LP locker tab, choose between “V2” or “V3”, then select the LP token to lock you want to lock (which will be displayed under the “Your Liquidity Pools” section on the right).

3. Input the amount of your LP position that you want to lock and set the lock duration via the options provided.

4. Click “Approve” and complete the transaction in your wallet

That’s it, you’re all set! You’ve successfully locked your liquidity on QuickSwap.

QuickSwap has been on a mission to dominate and take over the perpetual trading industry across Polygon chains… and the party’s just getting started.

To kick things off, QuickSwap launched QuickPerps on Polygon zkEVM in May 2023, its first decentralised Perpetual Exchange that allowed users to trade with up to 50x leverage. Next in May 2024, it launched QuickPerps: Falkor, a decentralised Perpetual Exchange where users can deposit funds from Polygon PoS onto the Orderly Network and trade with up to 50x leverage and zero gas fees.

Last but not least, Hydra was launched, a V2 version of the original QuickPerps perps DEX on Polygon zkEVM offering even more features and flexibility for trades.

And now, QuickSwap is looking to further expand its perp presence, this time on Manta Pacific.

This proposal is for the dragon community to decide if QuickSwap should launch Hydra (with the same UI/UX and features) on Manta Pacific.

TL;DR:

• QuickSwap has launched 2 versions of QuickPerps (Falkor and Hydra) on Polygon PoS and zkEVM, respectively. Both perp DEXs have experienced fast growth from the get-go and continue to attract new trades, totaling over $175 million in combined volume to date since launch
• Manta Pacific has been an excellent addition to the DragonFi ecosystem and is one of QuickSwap’s most recent new chain deployments. The DEX hit over $21 million in TVL on Manta and consistently averages tens of millions in volume per month
• This proposal is for the dragon community to discuss and decide if QuickSwap should launch Hydra (the V2 version) on Manta Pacific, adding another chain on this advanced perps trading infrastructure
• To begin, the governance discussion on the official QuickSwap Reddit will run until Thursday, August 15 at 12:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Thursday, August 15 at 12:00 PM UTC until Monday, August 19 at 12:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Why Manta Pacific?

Manta Pacific is the first EVM-native modular execution layer for wide ZK applications adoption, boasting 80% cheaper fees than many Layer 2’s (via Celestia and Caldera's OP Stack Rollup solution), making it easy to deploy ZK applications, and amassing near 10.5 million transactions.

QuickSwap deployed on Manta Pacific in October 2023 and remains as the leading DEX on the chain, helping push adoption for on-chain volume and TVL in addition to promoting and growing key community tokens.

From December 2023 to March 2024, the Manta Pacific network saw a massive surge in TVL from $17 million to nearly $700 million, over a 40x increase. Currently sitting at ~$116 million in TVL, the chain continues to find new ways to innovate and boost adoption (most recently through their CeDeFi campaign and memecoin season).

So why would it be beneficial for QuickSwap to deploy Hydra on Manta Pacific?

Not only would QuickSwap be able to help spark perps adoption on the chain (benefitting both ecosystems) but also further expand its presence in the perps industry, dominating on yet another Polygon ecosystem network and helping fulfil the DragonFi 2.0 movement.

Given its past history and successes with launching perp DEXs, QuickSwap has the name recognition, resources, and experience to make perps trading on Manta Pacific a success.

QuickPerps V1 on Polygon zkEVM hit over $140 million in volume, $11 million in peak liquidity, and 12,000+ users - all in just a year since its initial deployment. Falkor on Polygon PoS has already hit over $35 million in cumulative volume and keeps growing in user adoption.

As the QuickPerps brand continues to shine in the spotlight and become more popular across the industry, the potential for growth is limitless.

A new dawn is here for QuickSwap perps. 2 chains so far, with the potential for Manta Pacific to be the third. 

Dominoes falling, with more potential networks to come.

Hydra Features & UI/UX

Hydra on Manta Pacific would have the exact same UI/UX as on Polygon zkEVM - this would also be the case for any future chains deployed on Hydra.

As mentioned in the original governance proposal, below please find the major features available on Hydra:

• 3 Asset Classes: Features a perp aggregator where users can leverage trade across 4 different asset classes (crypto, forex, and commodities)
• Higher Leverage: Trade with up to 100x leverage with all possible order types (stop loss, take profit, reduce only) and an innovative trailing stop loss feature
• Optimised for LPs: The perp DEX mechanism allows for individual pools to exist on each chain for each collateral asset, enabling asset isolation, payouts, and the possibility to manage open interest. Moreover, LPs can better manage their risk and optimise their ROI that has the potential to draw in more liquidity and benefit all LPs and traders
• Chain Abstraction Mechanism: Efficiently settles orders by selecting the most favourable route and rate for each trade (more information below)
• Faster Trades & High Liquidity: Traders benefit from faster transaction execution times and deep liquidity for open interest when creating leverage positions
• Guaranteed Price Execution: When opening or closing trades, there will be a guaranteed price execution, regardless of what happens on the chain (i.e. reorgs, slow RPC response times)
• Collateral Flexibility: Users can settle and trade in their preferred collateral asset, versus the existing version where this was limited
• Improved UI/UX: Enjoy a faster, smoother, and more seamless trading experience with a new user interface
• Powerful Oracle Solutions: Reliable price feeds to optimise on-chain trades that will be sourced (currently in the exploration phase) from major oracle providers - Chainlink, Pyth, and API3
• Audits and Security: The perp DEX’s smart contracts have been audited by a top-tier blockchain auditing firm both Hacken and Protofire, plus are also being consistently monitored by Hypernative Labs to maintain the utmost security for users

Metavault, the team/project responsible for building and maintaining Hydra’s underlying infrastructure, aggregates the major decentralised perp DEXs available on each chain supported by their DeFi hub, which currently stands at 12 chains at the moment. This means users executing trades on Manta Pacific via Hydra get the best possible execution prices by tapping into the aggregated liquidity of these other supported chains.

Fee Structure

The proposed fee structure for Hydra on Manta Pacific will be as follows:

• 50% to LPs (liquidity providers)
• 30% to QUICK token buybacks and burns
• 15% to the Foundation
• 5% to developer maintenance

Please note that this same fee structure was outlined in the last governance vote, which was passed by the community by an overwhelming majority.

If the community decides to vote “Yes” on this proposal as well, the above fee structure will be implemented.

Remember that, at any time during the discussion portion, the community can express their thoughts on the above fee structure. This can potentially be adjusted/modified if a large majority of the community is leaning towards a certain direction.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Get ready for perps trading on Polygon zkEVM to be taken to a completely new level.

The original QuickPerps was launched in May 2023 and was QuickSwap’s very first decentralised Perpetual Exchange on the chain. It allowed users to trade with up to 50x leverage on several large blue-chip tokens and deposit liquidity into the QLP pool to earn rewards.

In only 1 year, the perps DEX amassed $140M+ in cumulative trading volume, a peak of $10M+ in TVL, and 12K+ users - all while Polygon zkEVM was in its infancy. Now, with the network undergoing major improvements and upgrades, it’s now far faster and cheaper to use while also garnering greater adoption.

QuickPerps: Hydra now enters the waters.

Hydra is a rebrand of the V2 version of the original QuickPerps on Polygon zkEVM. More advanced features. A lightning-fast trading experience. Extremely low gas fees.

Read more to find out what this means for the DragonFi and broader Polygon ecosystems.

Hydra Core Features & Utilities

As mentioned in the governance proposal, Hydra is the V2 iteration of the original QuickPerps on Polygon zkEVM. The previous version of QuickPerps is in the process of being deprecated over the next few weeks - please refer to this post for more information. 

Hydra is a more advanced and powerful version of the existing perps DEX, offering users the following features:

• 3 Asset Classes: Features a perp aggregator where users can leverage trade across 3 different asset classes (crypto, forex, and commodities)
• Higher Leverage: Trade with up to 100x leverage with all possible order types (stop loss, take profit, reduce only) and an innovative trailing stop loss feature
• Optimised for LPs: The perp DEX mechanism allows for individual pools to exist on each chain for each collateral asset, enabling asset isolation, payouts, and the possibility to manage open interest. Moreover, LPs can better manage their risk and optimise their ROI that has the potential to draw in more liquidity and benefit all LPs and traders
• Chain Abstraction Mechanism: Efficiently settles orders by selecting the most favourable route and rate for each trade (more information below)
• Faster Trades & High Liquidity: Traders benefit from faster transaction execution times and deep liquidity for open interest when creating leverage positions
• Guaranteed Price Execution: When opening or closing trades, there will be a guaranteed price execution, regardless of what happens on the chain (i.e. reorgs, slow RPC response times)
• QUICK As Collateral: The QUICK token will be able to be used as collateral, giving it an extra use case/utility while also enabling a 15% discount on trading fees for users.
• Collateral Flexibility: Users can settle and trade in their preferred collateral asset, versus the existing version where this was limited
• Improved UI/UX: Enjoy a faster, smoother, and more seamless trading experience with a new user interface
• Powerful Oracle Solutions: Reliable price feeds to optimise on-chain trades that will be sourced (currently in the exploration phase) from major oracle providers - Chainlink, Pyth, and API3
• Audits and Security: The perp DEX’s smart contracts have been audited by a top-tier blockchain auditing firm both Hacken and Protofire, plus are also being consistently monitored by Hypernative Labs to maintain the utmost security for users

One standout feature that truly differentiates Hydra from other perp DEXs is the multi-chain trading experience it offers users, which is powered by Metavault’s underlying tech. 

What this means is that liquidity from the largest decentralised perp DEXs are aggregated and made available on each chain supported by Metavault’s DeFi hub, currently standing at 12 different networks.

More liquidity. Smoother transactions. Better price execution.

Tutorial: How To Open A Leverage Position On Hydra

Ready to dive into the waters and begin your journey with leverage trading on Hydra?

Thanks to the new smooth and powerful user interface, it’s easier than ever to get started.

Simply follow the steps below to complete your first leverage trade:

1. Go to https://hydra.quickswap.exchange/ and connect your wallet. Make sure the network is switched to Polygon zkEVM

2. Next, select whether you want to go “Long” or “Short” and enter the amount of the asset you want to use as collateral (you can trade crypto, commodities, or forex). Then, move the leverage slider to select the amount of leverage you want to use.

In this example, 50 USDC.e is used as collateral and 60x leverage has been selected for a total position size of $3,000.

3. Before you proceed with opening the trade, you can select “Pro Trading” mode to set a variety of different order types and features, such as a Limit / Stop, Stop Loss, Take Profit, and more.

4. Once you’ve entered in all the information, open your position by paying the transaction fee. 

Your open position(s) will be displayed on the bottom left of the screen.

As the blockchain industry continues to gain adoption and further mature, compliance and adhering to regulatory frameworks is becoming increasingly important for any decentralised projects and ecosystems.

Luckily, seamless and advanced solutions are now available for dApps to scan and reduce the risk that sanctioned and potentially malicious wallets that may be performing illegal activities are interacting with dApps. Some of the most recognised and top projects in the space (such as Uniswap, Aave, Circle, WazirX, Bitget, and Mercado Bitcoin) have already adopted wallet scanning technologies that do this, and more projects are moving towards embracing this movement.

QuickSwap is always looking to stay ahead of the curve, with the goal to become more compliant and regulatory friendly.

Introducing Quadrata: a Web3 native solution that offers a privacy-preserving, sybil-resistant Web3 Passport and wallet screening service to bring identity, compliance, and reputation to dApps.

QuickSwap is looking to integrate Quadrata’s technology (only on the DEX frontend), which will scan and assess user wallets interacting with the DEX based on their own unique risk scores. This will ensure that certain wallet addresses, specifically those detected to be high risk or sanctioned, are prevented from entering/interacting within the QuickSwap ecosystem. Note that their screening technology would only apply to those trading $1,000+ (this amount could be lower based on the package QuickSwap would agree to purchase from Quadrata - more information in the “Agreement & Fee Structure” section below) and associated with a certain wallet screening score, to be discussed in more detail below.

In this governance proposal, the dragon community will discuss and vote on whether QuickSwap should integrate with Quadrata to increase the DEX’s global regulatory compliance standards by scanning, detecting, and prohibiting specific wallet addresses connected to potentially sanctioned or illegal/malicious activities. This would ensure that QuickSwap remains compliant with current legal and regulatory frameworks/requirements.

TL;DR:

• Top protocols and dApps such as Uniswap, Aave, Circle, WazirX, Bitget, and Mercado Bitcoin have already adopted wallet scanning technologies to stay up to date with legal/regulatory frameworks and remain compliant, suggesting that the blockchain ecosystem is moving further in this direction
• QuickSwap is looking to integrate Quadrata’s Web3 native solution that offers a privacy-preserving wallet screening solution on the DEX frontend to automatically scan and assess user wallets interacting with the platform based on their own unique risk scores
• Their technology will ensure that any detected wallet addresses connected to certain compliance and regulatory issues (i.e. sanctioned or interacting with illegal websites) cannot interact with the QuickSwap frontend
• This governance vote is for the dragon community to decide if QuickSwap should integrate Quadrata’s solution, which would be an important and essential move forward to allowing the DEX to be more compliant with legal and regulatory requirements
• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, July 20 at 5:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Saturday, July 20 at 5:00 PM UTC until Wednesday, July 24 at 5:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is Quadrata?

Quadrata is a Web3 native solution that offers an advanced wallet screener, which helps dApps screen for and prevent wallets associated with malicious actors from interacting with their platforms. 

More information on how this technology would work if integrated on QuickSwap will be explained in the next section of this proposal.

How Would Quadrata Work On QuickSwap?

As mentioned, Quadrata would provide a frictionless screen to prevent sanctioned and high risk wallets from entering the QuickSwap ecosystem.

Their technology reduces the risk of QuickSwap users from dealing with bad actors and receiving illicit funds. The ultimate goals of this integration are to not only stay within legal, compliance, and regulatory frameworks but also protect the dragon community from malicious actors.

Here is a list of important features and considerations regarding what would happen if QuickSwap integrates with Quadrata:

• No customer onboarding is required and QuickSwap users will NOT need to provide any personal information
• Pseudonymity will be maintained to the same extent as today
• This means NOTHING will change regarding how users currently interact with the DEX

Below is a table outlining the ways and criteria Quadrata uses to screen wallets and assess risk. Note that only wallets trading $1,000 or above and with a screening score of 8 or more (wallets that have been identified to have stolen coins, associated with a sanctioned country, or engaged in activities such as involvement with terrorism financing) would be blacklisted from interacting with the QuickSwap DEX.

Agreement & Fee Structure

If the community votes in favor of pushing this integration forward, the following agreement and fee structure would be put in place between QuickSwap and Quadrata:

• QuickSwap would enter into a 1 year contract with Quadrata for the integration of their wallet screening technology
• The first month would be free of charge (if the contract is signed for 1 full year of services) and act as a testing phase
• After the first month, QuickSwap would pay Quadrata $10,000 per month for their services - these funds would be paid from the DAO

Note that during the first month of the agreement (i.e. the trial period) QuickSwap reserves the right to opt out of the contract. This 1 month trial would be to discover the best options to scan wallets and explore Quadrata’s packages to see if the minimum requirement to scan a wallet would be $1,000 or lower (TBD).

If QuickSwap decides to opt out of the contract, there would be a charge of $10,000 for the first month, to be paid from the DAO. If QuickSwap decides to continue with the agreement after the first month and signs the contract for 1 full year, the terms as outlined above would not change.

After the 1 year contract ends, re-negotiations would take place and another governance vote may be deployed.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

A governance proposal passed in June 2023 where the community voted in favor of providing 100% of Gamma V3 fees to the Foundation for 12 months to help fund QuickSwap growth initiatives.

Since then, QuickSwap has expanded its portfolio of ALM providers to offer more flexibility to LPs (Liquidity Providers). These ALM providers are essential to maximising efficiency and rewards for LPs on the QuickSwap DEX, giving users strategies for select token pairs to automatically keep their liquidity in range, auto-compound earnings, and more.

As of today, the ALM providers supported on QuickSwap are Gamma, Steer Protocol, DefiEdge, and ICHI. These 4 ALMs are directly integrated on the UI and provide strategies across multiple chains on the QuickSwap DEX - Polygon PoS, Polygon zkEVM, and Manta Pacific.

QuickSwap is continuing to build the necessary infrastructure and tech to help support its vision to fulfill both the Polygon 2.0 and DragonFi 2.0 narratives, deploy on more Polygon CDK Chains, launch it’s new CLOB DEX, launch it’s two new perps products, make improvements to the overall UI/UX, support general operations, and more. 

To cover expenses to support new developments (i.e. building and maintenance of infrastructure etc.), additional funds will be required.

This proposal has been introduced for the community to decide if the QuickSwap Foundation should continue to receive QuickSwap’s share of the fees for a certain amount of months (detailed below and to be outlined in the vote) from each ALM provider’s V3 operations.

TL;DR:

• The 15% performance fee from QuickSwap’s V3 integration with the ALM providers (Gamma, Steer Protocol, DefiEdge, and ICHI) is currently split 50/50 between QuickSwap & each ALM provider
• Additional funds will be required to help QuickSwap continue to cover current expenses for development, marketing, operations, etc. to continue to make improvements to infrastructure, deploy new products, and more
• This proposal has been introduced for the community to discuss and vote on whether the Foundation should receive 100% of QuickSwap’s share of performance fees of each ALM provider’s V3 operations for a certain amount of months (details to be outlined below)
• The governance discussion has begun and will run until Sunday, July 14 at 2:00 PM UTC
• After the discussion concludes, the official Snapshot vote will go live from Sunday, July 14 at 2:00 PM UTC and conclude on Thursday, July 18 at 2:00 PM UTC
• After you’ve read this entire blog post, make sure to visit QuickSwap’s Reddit discussion forum to discuss further with your fellow community members

Outlining The Need For ALM Revenue Extension

QuickSwap is in a very important stage of growth and development. Innovation is at the forefront of the DEX’s mission as it continues to expand upon its DragonFi ecosystem, both building upon existing solutions and introducing new, advanced technology to make it the most comprehensive suite of DeFi products on the market.

New and exciting integrations and deployments are in the works (coming soon), such as the Hydra Perps DEX, QuickSwap Launchpad, and expansion to new chains, to name a few.

Despite strong conditions at the beginning of the year, the recent crypto market downturn in Q2/Q3 2024 has been a challenging time for many. QuickSwap revenue had started to grow when the market was heating up, based on volume and users visiting the website, but as the bull market has been seemingly delayed, revenue is down across the board for all Web3 projects. For these reasons, the Foundation is requesting an extension to the timeline for receiving ALM fees to keep building and growth initiatives moving forward. 

Having the necessary funding is absolutely critical for QuickSwap to continue building and align to its goals to further innovation across the DragonFi ecosystem. QuickSwap has been incurring many additional costs as of recently. QuickSwap has welcomed several new devs and also been increasing its legal and regulatory expenditures to protect the community from aggressive regulations. 

QuickSwap wants to be at the forefront of innovation on Polygon and keep leading the charge to establish itself as a true market leader, especially given increased competition from protocols in other ecosystems.

If the dragon community were to vote in favor of this governance proposal for the Foundation to receive 100% of QuickSwap’s share of performance fees for a defined period, the DEX will be better positioned to continue building the core innovative products for its Polygon 2.0 vision and pushing the boundaries even further. At that point the community would vote what to do with the revenue. 

This defined period for the Foundation to receive 100% of the mentioned ALM provider fees will be outlined in the form of multiple different choices as noted below, which will be selectable options for voting when the governance vote goes live:

• 6 months
• 8 months
• 12 months
• Needs more discussion

If there are any additional thoughts about the options listed, please feel free to engage in the Reddit forum and discuss with the community.

Fee Structure & Terms

As outlined in the terms of QuickSwap’s agreements with the 4 ALM providers, 15% revenue generated from performance fees for V3 LPs and farms (identical across all supported chains) is currently split 50/50 between the Foundation and each provider.

If the dragon community was to vote in favor of this proposal, the Foundation would receive 100% of the above revenue generated from the ALM performance fees for a duration in the amount of months elected by the community via the options above, which will be outlined in the vote.

Once the agreed upon amount of months expires, the community will vote on what to do with the revenue next.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

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QuickSwap has been a leader on Polygon since the very beginning and responsible for bringing adoption to hundreds of ecosystem projects, bringing them massive on-chain volume, liquidity, and/or product awareness through marketing.

The first time this happened outside of the Polygon ecosystem was with Kinetix, which is an AI-powered DeFi hub built on Kava EVM and Base. In September 2023, a governance vote was passed by the dragon community where Kava (Kinetix) would be added to the QuickSwap website’s dropdown chain menu - in return, QUICK token holders would receive 1% of the KAI token supply. The KAI token syrup pool distribution launched on Monday, July 8 and is now live for QUICK stakers!

Kinetix just recently completed an IDO (Initial DEX Offering) in June and has adjusted their ecosystem to become more geared towards AI to build a more powerful and user friendly product base. Since the vote, they’ve expanded their offerings to AI DeFi, perpetual trading, farms, and are planning more in the future.

Now, QuickSwap is looking to branch out even further by establishing an official Friendly Fork model. If the proposal is approved, QuickSwap would start by partnering with SparkDEX, which would be the first official Friendly Fork of the QuickSwap DragonFi ecosystem, built on Flare Network, a data-focused Layer 1 blockchain based on the EVM that provides decentralised access to high-integrity data for applications within the DeFi, social networks, RWA realm. 

Not only will this be a major opportunity for QuickSwap users to have direct, easy access to this new and exciting protocol but also spark (pun intended) the beginning of a fruitful collaboration with Flare Network and its vast community. Flare has over $870+ million market cap with $2+ billion FDV (Fully Diluted Valuation), demonstrating the sheer size of their token and massive potential for the ecosystem.

TL;DR:

• In September 2023, QuickSwap partnered with Kinetix to add their DeFi ecosystem hub as a selectable option in the DEX chain dropdown menu and received 1% of the KAI token supply in exchange (which was distributed to QUICK stakers)
• SparkDEX wants to launch their protocol as a Friendly Fork of QuickSwap, leveraging certain components of QuickSwap’s battle-tested infrastructure,technology, and network
• This expedited governance proposal has been put forth to ask the dragon community if QuickSwap should partner with SparkDEX (Flare Network) as a Friendly Fork. In return, QUICK token holders would receive 2% of SparkDEX’s token supply (more details outlined below on potential distribution methods)
• To begin, the governance discussion on the official QuickSwap Reddit will run until Thursday, July 11 at 1:00 AM UTC
• Once the Reddit discussion finishes, a formal Snapshot vote will run from Thursday, July 11 at 1:00 AM UTC until Saturday, July 13 at 1:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

QuickSwap Friendly Forks: Kicking off With SparkDEX

The overarching objective of this proposal is for the QuickSwap community to begin laying the groundwork for spearheading future Friendly Forks of the DragonFi ecosystem tech and codebase.

In the context of this proposal, the beginning stages of SparkDEX becoming a Friendly Fork via this model would create an alliance between themselves and QuickSwap, where SparkDEX would be using QuickSwap’s resources, connections/relationships, and technology/infrastructure to help it seamlessly grow and flourish within the DeFi space.

The Friendly Fork model could include, on case by case basis, the following:

1. Forking QuickSwap’s Tech & Code: Allowing SparkDEX and others in the future to fork all QuickSwap DragonFi Ecosystem products (front and back end code)
2. Listing SparkDEX on the QuickSwap Website: SparkDEX would be added to the list of chains in the main dropdown menu
3. Advisory Services: QuickSwap has built one of the most robust and successful DeFi ecosystems in the world. At one point, it had the highest volume of any DeFi product in the entire Web3 industry. Leveraging knowledge from previous successes, QuickSwap community would share learnings and advice with Friendly Forks such as SparkDEX
4. Business Development: QuickSwap has hundreds (possibly thousands) of integrations built on top of its DragonFi ecosystem. QuickSwap can make introductions and help facilitate integrations, partnerships, growth plans, and more to Friendly Forks such as SparkDEX
5. Co-Marketing: QuickSwap and Lunar Digital Assets (LDA leads QuickSwap’s Marketing) can assist with collaborative marketing to support any Friendly Forks of the QuickSwap DragonFi ecosystem product suite 
6. Launchpad: For projects launching a token, QuickSwap may be able to support with a full Launchpad strategy in the future. A governance vote was recently passed voting in favor of QuickSwap building a Launchpad with TrustSwap, which is set to be deployed in 2024

The SparkDEX and Flare Network teams previously approached QuickSwap with the intent to support one another and initiate this governance proposal. Please note that SparkDEX is not being launched by the QuickSwap team - QuickSwap would only provide the services listed above to support the growth, development, and success of SparkDEX.

With QuickSwap providing major support to the SparkDEX team, this opens up an optimal avenue to fork the QuickSwap DEX in a manner that’s constructive to the QuickSwap community, given that the dragon community will receive a future distribution and benefit from attracting SparkDEX and Flare Network’s communities (and vice versa).

Moreover, the cross-pollination of users across both communities is particularly important because it means both projects will grow even further in liquidity, volume, and users. A massive win-win for QuickSwap and SparkDEX!

All in all, the Friendly Fork model can be a fantastic way for projects to kickstart efforts and grow rapidly in the blockchain space. Many protocols have implemented similar models and seen success, including the likes of PancakeSwap, Magpie Protocol, and others.

Future Friendly Fork models could also mean additional opportunities for other ecosystem projects to leverage QuickSwap’s groundbreaking technology and infrastructure, giving them access to the DEX’s vast network of partnerships and integrations, strategy and advisory services, co-marketing, and much more. The dragons welcome any interested projects with open arms to become a part of the dragon community and its governance structure.

SparkDEX Token Distribution To The QuickSwap Community

If the community were to vote in favor of this proposal, QUICK token holders would receive 2% of the SparkDEX token supply - as mentioned, the ticker symbol is to be determined.

Once QuickSwap receives the 2% portion of the SparkDEX token supply, distribution of these tokens to QUICK holders would be facilitated via a syrup pool, airdrop, or other method, which is still to be determined. More information about how exactly this would work would be made available if this governance vote were to pass.

Out of the 2% of the SparkDEX token supply allocated to QuickSwap, 50% of the supply would be distributed to QUICK stakers, and the remaining 50% would be managed by the Foundation.

The SparkDEX token would be the protocol’s native utility token that would help power its ecosystem.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

As the leading DEX on Polygon and an influential name in the crypto and DeFi space, QuickSwap has always strived to deliver the best and latest, high quality tech to its community and users.

QuickSwap currently uses Algebra contracts on Polygon PoS, Polygon zkEVM, X Layer, and Dogechain to provide users with a top-notch concentrated liquidity tech. However, as the landscape is evolving, the DEX is looking to implement the newest technology to keep up with current trends and demand.

Algebra has released Integral, its V4 modular architecture with core code that utilizes plugins/hooks to set a new standard in DeFi. Integral allows DEXs to separate their most vulnerable aspect (liquidity storage) and peripheral functionality modules (i.e. oracles, fee calculation) from each other.

In layman's terms, plugins/hooks are a new phenomenon that Algebra has introduced where another protocol can build something specifically for an LP on a DEX that is more customised and specific, such as fee systems, dynamic fees, on-chain farming, and more. 

Traditionally on DEXs, any changes made to liquidity pools (such as fees) apply to all of them. With plugins/hooks, DEXs can host separate LP pairs that are unique and built by different protocols - the LPs can contain special characteristics that were not previously available.

This is essentially Algebra’s version of Uniswap V4 and is an important upgrade across the entire DeFi space for protocols across all ecosystems. QuickSwap is looking to adopt this codebase to advance faster, become more flexible for its LPs, implementing the latest and greatest tech.

For this governance proposal, the dragon community must discuss and vote whether QuickSwap should integrate Algebra Integral on X Layer, OKX’s flagship Layer 2 chain built using the Polygon CDK tech stack.

TL;DR:

• Algebra has recently released Integral, which is its V4 modular architecture using plugins/hooks that allow other protocols (or the DEX itself) to build features specifically for a liquidity pool that is more customised and specific
• This technology is the latest and greatest on the market and allows protocols/DEXs to be much more fluid, versatile, and adaptable when it comes to keeping up with the most recent DeFi trends
• QuickSwap is looking to integrate Algebra Integral on X Layer, its latest chain deployment which is OKX’s flagship Layer 2 network built using Polygon CDK tech
• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, July 8 at 7:00 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Monday, July 8 at 7:00 AM UTC until Friday, July 12 at 7:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is Algebra’s Integral?

Algebra is a DEX Engine that provides V3 (concentrated liquidity & dynamic fees) and V4 (modular architecture with core code + plugins/hooks) AMM codebases to QuickSwap and over 20 different DEXs.

Their Integral product is an AMM (Automated Market Maker) with concentrated liquidity that also supports the use of plugins. As mentioned above, the concept of Integral is the separation of pools and extra functionality via a modular architecture - it’s the latest approach to concentrated liquidity that allows for the seamless integration of plugins on top of liquidity pools.

Here are some other core features of Integral and its underlying code: 

• Manages liquidity pools and basic DEX operation mechanics
• Minimises waste gas by streamlining gas fees and boosting efficiency
• Plugins that expand DEX functionality & address the codebase’s inflexibility issues

More information can be found here can be found here.

How Do Plugins/Hooks Work?

Algebra Integral introduces custom plugins that allow for special features for DEXs to adapt to specific functionalities in a far more customisable way. These plugins are smart contracts that connect to a liquidity pool contract to enable actions on the blockchain such as adjusting pool fees, performing extra checks, calling other contracts, etc.

The Integral codebase already has ready-to-use plugins for DEXs, such as a TWAP Oracle for historical data, volatility-based fees, and farming. 1 contract can be connected to a liquidity pool as a plugin at once - however, the customisation of the functionalities available can be as minimal or intricate as desired.

Here’s how it works in more detail:

Plugins interact with pools using Algebra Integral via hooks, which are specific calls that the pool can make prior to and after user actions. If a plugin is attached to the pool and the specific call to that hook is activated, the pool will call a function defined in the Algebra plugin interface from the plugin. Within this function, arbitrary logic can be implemented in the plugin, including even interaction with the same liquidity pool.

Essentially, hooks and plugins are interchangeable, allowing information to be exchanged to and from the liquidity pool. The set of possible Hooks corresponds to the following events: initialisation of a liquidity pool, liquidity mint or burn, swap, and flash loan.

Implementing a plugin can be done by developers or the actual protocol/DEX to suit whatever the desired needs are. Learn more //medium.com/@crypto_algebra/algebra-integral-plugins-technical-overview-315e6e7bc72f" style="text-decoration: none;">here.

Algebra Integral Integration on X Layer

If the community were to vote in favor of this proposal, QuickSwap would integrate Algebra Integral (V4 tech) on X Layer, the newest Layer 2 Polygon CDK chain to be deployed on the DEX.

X Layer is one of the most popular and growing Layer 2 chains in the entire DeFi ecosystem, connecting the OKX and Polygon communities. QuickSwap, the leading DEX on all Polygon chains, has the potential to drive even more adoption for its liquidity pools on X Layer if it were to integrate Algebra Integral. 

Enabling plugins and hooks on X Layer via QuickSwap would allow for much more customisation when it comes to liquidity pool features for different supported pairs. As traction for X Layer grows on the dragon DEX and existing/new projects begin adding more liquidity on the network, having the flexibility and robustness of the Integral codebase will be even more essential.

The reason why QuickSwap wants to launch Algebra Integral on X Layer first is two fold: it’s a brand new Layer 2 chain and will serve as a testing environment, giving QuickSwap a first mover advantage to use this codebase technology.

Fee Agreement Between Algebra & QuickSwap

All fees generate from the Algebra Integral integration X Layer via QuickSwap will be distributed as follows:

• 90% to LPs
• 6.8% to the Dragon’s Lair
• 1.7% to the Foundation
• 1.5% to Algebra

Please note that the above fee structure is aligned with all previous Algebra technology integrations on QuickSwap across other chains - if this vote is passed, the above distribution would move forward and remain unchanged from existing models.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

For years, the QuickSwap Reddit forum has been one of the go-to places for dragon community members to discuss governance proposals, ask questions, engage with their fellow peers, discover more information about the protocol, and much more.

A key goal for QuickSwap is to drive more engagement to the Reddit forum and across the community, while also attracting more users - one of the best ways to do so is through monetisation.

Introducing the Community Currency Bot, developed by the BitCone core team and now being advanced and maintained by the Community Currency team. This is a special bot designed to monetise content creation on any subreddit forum, encouraging more organic activity and conversation.

In this governance proposal, the dragon community will discuss and vote on whether BitCone’s Community Currency Bot to the QuickSwap Reddit forum to help drive further engagement via monetisation.

TL;DR:

• QuickSwap’s Reddit forum is one of the core community hubs for key initiatives such as discussing governance votes, asking questions, and more
• This forum would greatly benefit from increased engagement through new and innovative mechanisms, such as monetisation with rewarding users for their input and activity
• BitCone’s Community Currency Bot is designed to monetise content creation on any subreddit forum to draw more engagement and discussions, and would help boost activity on the QuickSwap Reddit
• This governance proposal is for the dragon community to decide whether the Community Currency Bot should be added to the QuickSwap Reddit foum
• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, July 6 at 11:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Saturday, July 6 at 11:00 PM UTC until Wednesday, July 10 at 11:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Quick History Lesson

In July 2022, Reddit became the first major social media platform to release an NFT collection.  For their program, Reddit Collectible Avatars (RCA), Reddit partnered with Polygon. The collection was the first of its kind, giving 29 independent artists a major platform to showcase their artwork & receiving an 80% revenue share. Each artist created 3 different avatars at varying price points ($9.99, $24.99, $49.99, $74.99, & $99.99 USD), meaning there were 87 unique avatars to purchase. 

While there were a few artists that had Web3 exposure, most did not.

The Gen 1 collection was a massive success. What made the program so unique and beloved was the ability to mix and match avatar traits, allowing the collector to showcase their individual style and creativity. In total, 44,749 avatars were minted through the Reddit shop within a couple months - on the secondary market, every avatar had seen its value grow above mint price.  

Like any NFT collection, there were some collector favorites. Some were favored for their art and originality, but there was one avatar that stood above the rest in terms of meme-ability - Cone Head. This avatar, with its 608 mints, had a cult-like following. In a subreddit discussion, one user, u/crypto_grandma, declared himself to be “a bit-cone maxi.” 

Shortly after, the Polygon meme token (Bitcone) was born. 608 billion tokens were minted and holders of the avatar were able to claim 1b for each avatar owned.  The project continued to grow, starting their own subreddit, r/Coneheads, and developing utility.

Not every holder of the avatar claimed their tokens, so the unclaimed tokens were deposited into a multisig community treasury. Some tokens were airdropped to all Gen 1 avatar holders, while others were airdropped to holders of cone-themed avatars - some was allocated for community “mining” rewards.

The “mining” rewards are earned through contributions made to the subreddit when other users “upvote” created posts - these rewards are paid out through the Community Currency Bot. The bot offers many features (discussed in the next section) and has been deployed on over 50 subreddits to date.

The Community Currency team continues to work alongside the Reddit Collectible Avatar community, developing uses for the over 36 million (yes, you read that right) wallets holding RCAs and onboarding Reddit users to web3, while also adding value to their partnering web3 communities. 

Community Currency Bot Features & Reward Mechanisms

The main purpose of the Community Currency Bot would be to allocate rewards to content posted on the QuickSwap Reddit. In previous use cases, this bot has increased engagement and traffic on every subreddit it has been deployed on and has proven to be a significant application to bridging Web2 users to Web3.

At the moment, the bot is equipped with the following features, broken down into sections (with more planned to be released in the future):

6 Key Reward Features

• Rewards: Users earn rewards based on the number of upvotes received for their content/post. Rewards are stored in an off-chain database and can be converted to on-chain tokens once every 7 days
  • These rewards are paid out 24 hours after the post is created
  • Communities add their token into the rewards wallet for distribution, where the target rate is to distribute 10% of the wallet rewards every week 
  • Every hour, the bot’s software extracts data from Reddit and determines the number of upvotes awarded on the subreddit in the previous 7 days. From this, the bot calculates how many tokens should be rewarded per upvote so that 10% of the remaining tokens are distributed over the next 7 days
  • The formula is:(Remaining rewards balance *.1) prior 7 days total upvotes = tokens per upvote
  • For example, imagine that there are 500,000 tokens in the rewards wallet and 1,000 upvotes occurred in the last 7 days. The target rewards over next 7 days is 50,000 (10%). If there is an expected 1,000 upvotes in the next 7 days, there will be 50 tokens distributed per upvote
• !resync: This command links the user’s Reddit username to their Reddit vault address and allows for commands like !withdraw to be used, which will be covered later 
• !register: This command links a Reddit username to that user’s on-chain wallet address, which is different from their vault. Adding the command “!register 0x….address” sets or updates the user address. Utilising this command also allows for commands like !withdraw to be used, which will also be covered later in this blog post
• !tip: Users can tip other users in comments to show support to each other. To activate this command, simply type “!tip [amount]” and the off-chain balance moves from the person who is tipping to the user receiving the tip
• !faucet: This command grants users with a one-time deposit of the token at a designated amount. Projects can decline this feature or set rules around command, such as age of account, karma requirements (and more) to prevent malicious actors from receiving rewards
• !withdraw: This command enables users to withdraw their off-chain balance to their registered on-chain wallet, which can be performed once a week
• Check Balance: Users can check their entire portfolio of off-chain rewards by navigating to the user profile of u/CommunityCurrencyBot, clicking the “Balance Check” link, and sending the pre-programmed message. Within minutes, the bot will reply with all off-chain balances the user earned

Rewards Rebalancing

To ensure transparency with the partnering communities (on the QuickSwap Reddit, for example), the Community Currency Bot makes weekly posts to the affiliated subreddit titled “[Token] Rewards Rebalancing {Date}”.

This post highlights the following:

• Hot wallet balance (with hyperlink to the wallet address on Polygon Scan)
• Unclaimed rewards
• Undistributed rewards remaining
• Weekly distribution target (10%)
• Last week’s upvotes 
• New base upvote reward amount

Subreddit Membership

Communities can utilise the bot to create special memberships for their subreddit that unlock certain privileges, which are represented in the form of a transferable NFT. Special features may include the ability to post GIFs in comments, have custom subreddit flairs, earn increased rewards, and more.

Please note that this feature is still in development and will not be a requirement, but instead a value-add for communities.

Community Currency Bot Figures

The Community Currency Bot has been deployed across numerous subreddits and is capable of supporting any token on an EVM chain. Some quick figures:

• On 50+ subreddits
• Supporting 25+ currencies
• Community sizes range from 100 members to 8.2 million (r/Cryptocurrency)
• ~1500 transactions daily

Functionality & Tech

Once enabled in a subreddit, the bot is self-sustaining.  Users simply enter commands when desired and the bot will respond.

The bot runs on a python application that leverages Reddit PRAW & Web3 library to deliver a reliable experience for users.  Off-chain transactions are recorded & stored within a Postgres database. 

When the withdraw command is entered by users, a call is made to the Postgres database & triggers a smart contract that moves the tokens from the Community Currency hot wallet to the user’s registered wallet. 

The database balance for the user is updated. 

Costs/Fees

In order to fully implement and run this bot on the QuickSwap Reddit forum, QuickSwap would pay BitCone a fee of $200 USD per month from the Foundation.

The full amount of this fee would go towards tipping users who engage in QuickSwap Reddit forum chats and conversations.

More Information

To find out more detailed information about the Community Currency Bot, please refer to the links below:

• Subreddit: https://www.reddit.com/r/communitycurrency/
• Bot: https://www.reddit.com/user/CommunityCurrencyBot/
• Send ModMail: https://www.reddit.com/message/compose?to=r%2Fcommunitycurrency 
• YouTube Demo: https://youtu.be/q8Rz6ixVDpY
• Pitch Deck: https://docsend.com/v/xqhb9/communitycurrency

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

In the crypto space today, projects continue to look for opportunities to build communities and raise funding to move the needle and create an established brand name and presence in the industry.

However, in order to do so, gaining credibility and trust from broader communities is needed. This day and age, particularly with the continued amount of rug pulls and malicious actors frauding users, achieving this is becoming increasingly challenging.

But what if there was a better way?

This is where Team Finance comes in with their Liquidity Locker, an advanced tool that allows teams and projects (particularly newer ones to the market) lock their tokens/liquidity on dApps (decentralised applications) to prevent rug pulls and build investor confidence.

In this governance proposal, the dragon community must discuss and decide on whether QuickSwap should integrate Team Finance’s Liquidity Locker tool. Their technology would be integrated directly on QuickSwap’s UI where Polygon ecosystem projects/teams could lock their liquidity, and users would be able to directly view the participating projects and provide liquidity directly to those pools.

TL;DR:

• Building a community and raising funding in the crypto space is essential to building a brand, however gaining credibility and trust in the industry is challenging given countless instances of rug pulls
• Team Finance has built a Liquidity Locker tool that lets teams/projects lock their tokens/liquidity on dApps to prevent rug pulls, thereby fostering greater transparency and creating higher investor confidence
• QuickSwap is looking to integrate Team Finance’s Liquidity Locker directly on the DEX interface, allowing Polygon ecosystem projects/teams to lock their tokens directly on the DEX and gain more visibility from the dragon community
• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, July 1 at 6:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Friday, July 5 at 6:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What’s A Liquidity Lock & Why Is It Important?

Locking liquidity prevents holders of LP (liquidity provider) tokens on a dApp from withdrawing their funds from a liquidity pool. It works by the underlying application sending the user’s LP tokens to a time-locked smart contract where the funds are prevented from being withdrawn for a certain period of time.

This offers teams and projects an easy, transparent, and effective way to further build trust with communities and encourage trading activity for their token - especially those that are not yet established or don’t have an existing track record.

So why are liquidity locks important in the blockchain industry?

They help prevent fraudulent activity from potential malicious projects and team members, such as rug pulls, where they (the main liquidity provider) withdraw all their LP tokens and prevent the remaining LPs from selling. 

When projects elect to lock their liquidity, this is a way of showing full transparency and reliability to the community, which has the potential to draw users to provide liquidity to pools.

About Team Finance’s Liquidity Locker Tool

Team Finance’s Liquidity Locker tool allows projects and teams to seamlessly, quickly, and securely lock tokens across 15+ different blockchains.

When interacting with a liquidity locking tool, token holders can set specific time durations for when they can unlock their funds, split locks into smaller locks with different owner addresses and end dates, and transfer ownership of a lock to another wallet address. 

As long as the lock is active, the user can’t withdraw their tokens from the liquidity pool - they can only withdraw their LP tokens once the lock expires.

Here are some of the other core features that Team Finance’s Liquidity Locker offers:

• 24/7 Customer Support: We understand the importance of getting your locks right. That's why we have comprehensive support via Telegram to help with any questions or issues, day or night
• Dashboard: Projects can share their token page dashboard to others that reveals lockup details, vesting schedule, token metrics, and more
• State-of-the-Art Smart Contracts: Team Finance’s smart contracts are non-custodial, secure, and audited

Team Finance has held up to $6 billion TVL (Total Value Locked) through their smart contracts and worked with over 30,000 different crypto projects, establishing themselves as a powerful technology solution.

Fee Structure & Cost For Projects Using The Tool

Any project that wants to lock their liquidity using Team Finance’s Liquidity Locker (via QuickSwap) will need to pay a $150 flat fee, which will be split 50/50 between QuickSwap and Team Finance as revenue sharing.

If this governance vote were to pass, the above budget agreement/fee structure would be implemented between QuickSwap and Team Finance.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

The previous DragonFi 2.0 article highlighted QuickSwap’s flagship products and integrations, which currently stand in the hundreds and continue to rank up in numbers as the DEX blossoms.

But what are the innovative core products and integrations powering the main operations behind the QuickSwap DEX? And how do they work in tandem to create an optimal UI/UX across the vast suite of Polygon integrations and products?

To answer these questions, it’s time for the big reveal of Pillar 4 on the DragonFi 2.0 journey: QuickSwap’s Key Innovative Products & Drivers.

Dragons have access to the most cutting edge tech on Polygon, all under the QuickSwap umbrella and powering the economic engine of this powerful DEX.

Let’s dive into the details.

Engines Powering the Dragon DEX

There are 3 main/core products and integrations that encompass the full range of user experiences on the QuickSwap DEX:

1. Liquidity Hub
2. CLOB DEX (Central  Limit Order Book Decentralised Exchange)
3. QuickPerps (Decentralised Perpetual Exchange)

All of these products not only operate on their own for DeFi users but also cross-pollinate with one another in different ways.

Continue reading to further explore the components and mechanics behind each of them.

Liquidity Hub: Driving Force Behind the Curtain

QuickSwap Liquidity Hub is a new optimisation layer above the DEX-AMM that aggregates liquidity to bring users:

• Better execution prices (less price impact)
• Zero gas swaps
• MEV protection (bots cannot front run trades)

At its core, Liquidity Hub powers the entire swap and trading process on the DEX, serving as the overarching umbrella where all of the action takes place. It provides users with the exact same trading UI/UX, but the mechanisms behind the scenes power more advanced features (as mentioned above).

Here’s how. Liquidity Hub taps into various liquidity sources on the backend called “Solvers.”  Solvers are any DeFi entity or protocol that plug into QuickSwap’s API (i.e. 1inch, ParaSwap) that take a user's trade input and offer quotes - if the quote is better than what the V3 or V2 DEX would offer, then the trade will route through that particular Solver. 

Best of all, users suffer no downside from Liquidity Hub - if it doesn’t provide the swap at a better price, the trade is instead executed on the AMM.

CLOB DEX: Advanced Trading UI At Your Fingertips

QuickSwap will be releasing a CLOB DEX that will revolutionise the trading interface on the DEX for the dragon community.

Most often found on CEXs (centralised exchanges), a CLOB model implements an orderbook where users can become makers and takers while fostering greater transparency to market participants, allowing them to view the market supply and demand (plus token quantities and prices) in order to make more calculated decisions.

Think of it as a database that organises and manages incoming buy and sell orders from users and participants, delineating the current on-chain supply and demand across the market.

Orders are submitted and matched in real-time as new orders are received, and the CLOB allows for more advanced orders such as limit orders, market orders, and stop orders.

An innovative, advanced product that redefines and optimises the ideal trading experience. Furthermore, it will be a complete redesign and upgrade for the QuickSwap DEX.

Let’s explore the key differences between a centralised and decentralised CLOB model:

QuickSwap users will soon have all of this available to them on Polygon PoS, with more chain integrations on the horizon.

QuickPerps: Perpetual Trading on Polygon

QuickSwap just recently launched QuickPerps: Falkor, a new and innovative decentralised Perpetual Exchange on Polygon PoS (Proof of Stake) allowing trades from 10-50x leverage with zero gas fees and a smooth user interface.

Users deposit funds into a “vault” on Falkor from the Polygon PoS network where they can then trade perpetual swaps on the Orderly Network.

No bridging and access to hundreds of millions in deep liquidity. Trustless and a seamless user experience.

With this new game-changing product, QuickSwap aims to dominate the perps trading space on Polygon PoS and other interconnected chains, delivering on all fronts for the most powerful mechanics, features, and user interface.

The existing QuickPerps version (built on Polygon zkEVM) is still live, and will be extended to other Layer 2 chains over time as QuickSwap deploys new Citadels.

Expanding Beyond Polygon: The Next Frontier

Now that you have an understanding of the powerhouse products encompassing key DEX operations, it’s time to take a glimpse into the future.

Since QuickSwap’s inception in 2020, the DEX has always been built on chains within the Polygon ecosystem domain.

Given that the industry has matured and other blockchain ecosystems are ripe with opportunity, QuickSwap is looking to expand its presence on new Layer 2s to drive adoption by taking a commanding lead in on-chain volume and TVL (Total Value Locked).

Dragons doing what they do best.

With the AggLayer also now live, there is tremendous potential for QuickSwap to tap into the overarching pool of unified liquidity and become a primary driver of value of even more interconnected ecosystems.

Big things are coming. Keep your eyes peeled for Pillar 5 of the DragonFi 2.0 journey.

The perps trading space has been heating up. To help spark adoption and tap into the growing interest across this sector, QuickSwap kicked off its presence in the perps space by launching QuickPerps in May 2023, a decentralised Perpetual Exchange built on Polygon zkEVM enabling users to trade with up to 50x leverage on popular crypto tokens.

It was the very first perps exchange on the chain and, to date, has amassed $140M+ in cumulative trading volume, a peak of $10M+ in TVL, and 12K+ users. As a bonus, the Polygon zkEVM network has become far more user friendly, particularly with drastically reduced gas fees where you can now trade for a few cents per transaction.

Now, it’s time to take it up a notch and introduce a new upgrade to the existing QuickPerps version - a fiery breath of fresh air set to completely revolutonise the perps trading experience.

Introducing QuickPerps: Hydra, the new rebrand of the V2 version of the existing perps on QuickSwap - packed with a brand new UI, flagship features, and much more. Not only will this be a massive upgrade to the existing perps DEX but also an important step for QuickSwap to remain competitive across the perps industry.

This proposal is for the dragon community to decide if QuickSwap should launch a V2 version of the perps DEX (now rebranding to QuickPerps: Hydra) on Polygon zkEVM. All features, benefits, and the fee structure will be outlined in the proposal below.

TL;DR:

• QuickSwap’s decentralised Perpetual Exchange, QuickPerps, has been live on Polygon zkEVM since March 2023 and was its first iteration of a perps DEX
• In order to remain competitive and keep up with the industry’s latest and greatest tech, upgrading to a more advanced V2 model would introduce a wide array of new features and improve upon existing ones
• One of the biggest features is that the QUICK token will be able to be used as collateral, giving it more utility and use cases while also enabling a 15% discount on trading fees for users
• This proposal is for the dragon community to discuss and decide if QuickSwap should launch Hydra (the V2 version) on Polygon zkEVM
• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, May 27 at 11:00 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Monday, May 27 at 11:00 AM UTC until Friday, May 31 at 11:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Hydra Features & Interface

Hydra on Polygon zkEVM is set to upgrade the UI/UX, giving it an entirely different look, feel, and experience from the original V1.

So how exactly will it function and what functionalities will be available on launch?

Here’s a high level breakdown of these game-changing features:

• 3 Asset Classes: Features a perp aggregator where users can leverage trade across 4 different asset classes (crypto, forex, and commodities)
• Higher Leverage: Trade with up to 100x leverage with all possible order types (stop loss, take profit, reduce only) and an innovative trailing stop loss feature
• Optimised for LPs: The perp DEX mechanism allows for individual pools to exist on each chain for each collateral asset, enabling asset isolation, payouts, and the possibility to manage open interest. Moreover, LPs can better manage their risk and optimise their ROI that has the potential to draw in more liquidity and benefit all LPs and traders
• Chain Abstraction Mechanism: Efficiently settles orders by selecting the most favourable route and rate for each trade (more information below)
• Faster Trades & High Liquidity: Traders benefit from faster transaction execution times and deep liquidity for open interest when creating leverage positions
• Guaranteed Price Execution: When opening or closing trades, there will be a guaranteed price execution, regardless of what happens on the chain (i.e. reorgs, slow RPC response times)
• Collateral Flexibility: Users can settle and trade in their preferred collateral asset, versus the existing version where this was limited
• Improved UI/UX: Enjoy a faster, smoother, and more seamless trading experience with a new user interface
• Powerful Oracle Solutions: Reliable price feeds to optimise on-chain trades that will be sourced (currently in the exploration phase) from major oracle providers - Chainlink, Pyth, and API3
• Audits and Security: The perp DEX’s smart contracts have been audited by a top-tier blockchain auditing firm both Hacken and Protofire, plus are also being consistently monitored by Hypernative Labs to maintain the utmost security for users

The QUICK token will be able to be used as collateral, giving it an extra use case/utility while also enabling a 15% discount on trading fees for users.

As mentioned above, one of the key upgrades and features that makes Hydra an improved version from V1 is the multi-chain trading experience, powered by Metavault’s technology. This aggregates the major decentralised Perpetual Exchanges available on each chain supported by Metavault’s DeFi hub (12 chains at the moment).

This means that when users execute trades on Polygon zkEVM via Hydra, they receive the best possible execution prices by tapping into the aggregated liquidity of these other supported chains without having to take any additional steps.

A superior leverage trading experience at your fingertips.

Fee Structure

The proposed fee structure for Hydra on Polygon zkEVM will be as follows:

• 50% to LPs (liquidity providers)
• 30% to QUICK token buybacks and burns
• 15% to the Foundation
• 5% to developer maintenance

If the community decides to vote “Yes” on this proposal, then the above fee structure will be implemented moving forward.

During the discussion phase of this proposal, if the community feels that the fee structure should be adjusted or modified, there is a potential to modify this before the vote goes live.

Deprecating the Existing QuickPerps (V1)

The launch of Hydra would mean that the original/existing version of QuickPerps (V1) will need to be deprecated.

Hydra would eventually become the only perps version on Polygon zkEVM, and the original QuickPerps will still be accessible as it is deprecated over time.

Deprecation of the original QuickPerps version would be carried out in 3 phases as follows:

• User deposits will be halted
• All leverage trades will be disabled
• The original perps DEX will remain on the QuickSwap UI for 1 month - after this time period ends, all remaining trades will be closed and may be moved to a legacy site

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

It’s here - the decentralised Perpetual Exchange of the future you’ve all been waiting for.

Built on Polygon PoS (Proof of Stake), made for the purple community. Setting the stage to revolutionise the perps industry.

QuickPerps: Falkor is now live, QuickSwap’s newest permissionless perps trading platform. Trade with up to 50x leverage with zero gas fees, and much more - accessible from the Polygon PoS chain.

Learn more about this product and how it’s going to change the game for the QuickSwap community.

Falkor: Under the Hood

Falkor is QuickSwap’s newest and revolutionary decentralised Perpetual Exchange built on Orderly Network, the permissionless backend of Web3's capital market.

On Falkor, users deposit funds into a “vault” from the Polygon PoS network, making it extremely low cost and fast to get started with perpetual swaps on QuickSwap. Once the funds have been deposited in the vault, they’re made available on the Orderly Network where users can trade with up to 50x leverage and zero gas fees.

Trade via an intuitive UI/UX with advanced tools such as an orderbook model, simple options for leverage trading, near-instant transactions - all in a completely decentralised and permissionless environment.

In addition, there’s no bridging required when depositing from Polygon PoS to Orderly Network, making the process far more secure than alternative decentralised Perpetual Exchange models.

Users can now tap into hundreds of millions in deep liquidity, completely optimising the perpetual swap experience for dragons.

Legendary to say the least.

Supported Tokens

On launch, the following digital assets are supported for leverage trading on Falkor:

Tutorial: How to Use Falkor

Getting started with leverage trading on Falkor is easy - here’s a quick step-by-step tutorial on how you can get started:

1. Visit <<quickperps link>> and connect your wallet. Ensure you’re on the Polygon PoS network

2. Click “Deposit” and select the amount of funds you want to deposit as collateral into the Orderly vault from Polygon PoS

3. Now you’re ready to leverage trade. First, select if you want to go long (Buy) or short (Sell)

4. Select the token you want to trade and choose the type of order you want to execute (Limit, Market, Stop Limit, Stop Market)

5. Enter the price at which you want to purchase the token and the total amount you want to purchase using the leverage slider

6. Next, click “Buy/Long” or “Sell/Short” (depending on which option you chose from step 3) and confirm the transaction in your wallet. Your estimated liquidation price will be displayed

That’s it, you’ve now learned how to trade perpetual swaps on QuickPerps: Falkor!

Powering the Next Generation of Perps Trading on Polygon PoS

QuickSwap and Orderly Network are collaborating to onboard and grow the next wave of perps traders on Polygon. 

The Polygon PoS ecosystem, and other interconnected chains, has been growing rapidly, onboarding millions of users per day and amassing billions in swap volume and on-chain TVL.

It’s only the beginning… Falkor is poised to become a disruptor in the decentralised perpetual trading ecosystem.

QuickSwap has always been a community-first DeFi product, consistently leading the charge in helping popularise and bring in new projects to the Polygon ecosystem.

As outlined on QuickSwap’s latest roadmap, one of the next iterations of the DEX’s expansion plan is to deploy a state-of-the-art decentralised launchpad. 

The purpose of this launchpad would be to allow QuickSwap to facilitate decentralised and transparent Polygon ecosystem token/project launches, giving them access to fundraising, growth opportunities, exposure to broader communities, and more.

Another opportunity for the DragonFi ecosystem to continue its expansion and situate the QuickSwap DEX in an even stronger position to align with the Polygon 2.0 vision.

QuickSwap has aligned with TrustSwap to bring them aboard as a technical integration partner in a proposal to create this launchpad through a 50/50 cost and profit-sharing model (read the “Partnership Agreement Details” section below for the specifics) - this proposal now sits with the dragon community to discuss and vote whether it will move forward.

TL;DR:

• QuickSwap is aiming to build a decentralised launchpad to allow Polygon projects to conduct fair and secure token launches, allowing them to obtain fundraising for growth and expansion while tapping into the broader Polygon ecosystem
• The dragon DEX has aligned with TrustSwap as a technical integration partner to help build and maintain the launchpad
• The governance discussion will run until Monday, May 20 at 6:30 PM UTC
• The Snapshot vote will go live on Monday, May 20 at 6:30 PM UTC and conclude on Friday, May 24 at 6:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is TrustSwap?

TrustSwap is an innovative Web3 software and services company. Their mission is to provide Web3 founders with tools to secure, launch, and market their projects. The company has several key verticals - Team Finance, A Launchpad, Swappable, and The Crypto App - to address various needs in the market.

The TrustSwap Launchpad is a premier platform for raising funds for and launching new, innovative crypto projects. As one of the most mature launchpads in the space (est. 2021), they provide a full-service suite for up-and-coming projects, including marketing, advisory, and fundraising support. 

Their Launchpad ensures that these projects reach a broad audience and receive the funding they need to succeed. They provide a rigorous vetting process, ensuring that only high-quality, trustworthy projects are launched. This commitment to quality safeguards investors and contributes to a healthier, more robust DeFi space. 

TrustSwap also helps these projects build awareness via marketing efforts and connects projects with influencers and KOLs (Key Opinion Leaders).

QuickSwap LaunchPad Details

The QuickSwap Launchpad would be a hub for new projects on Polygon, giving them an opportunity to launch new tokens in a fully decentralised manner and tap into the broader QuickSwap and Polygon communities, giving them the necessary exposure and funding they need to hit the ground running.

In addition, this launchpad would provide fairness to participants by allowing anyone who meets the eligibility criteria to enter token sales. 

Here is the proposed general structure and core features that would be available for the QuickSwap Launchpad:

Landing Page

This would be the landing page for the QuickSwap Launchpad and would display the following:

• Introductory details
• Project launches in progress
• Upcoming project launches
• Previous project launches

For upcoming project launches, there would be an information screen where users can see future project token sales on the launchpad, whitelist dates, and more.

Whitelist Page

This page would be developed by TrustSwap and will contain a dynamic whitelist redirection to either a KYC (Know Your Customer) provider page or a dedicated project page.

Users will have 48 hours to express interest by connecting their wallet and passing KYC verification once the whitelist is open.

QuickSwap KYC Provider Page

This would be a third-party provider page containing:

• KYC provider branding
• KYC functionality
• Email confirmation

Before users can be eligible for whitelisting, they’ll need to successfully complete KYC verification. The process will be simple and straightforward, and users will be able to directly upload any required documentation to the portal.

Project Page

The project page will be developed by TrustSwap (with QuickSwap branding) and will contain:

• Whitelist detection
• KYC detection
• Editable (by TrustSwap) minimums and maximums
• Fund acceptance
• Email confirmation (notifications will be sent to the winners of the lottery process after whitelisting is completed)

Evaluation of Projects for Token Launches

QuickSwap and TrustSwap will be prioritising the utmost security and trust to ensure that only high quality projects are able to conduct token launches on the platform.

To do this, the TrustSwap Ratings Team will perform an evaluation (on information such as the project’s tokenomics, team, etc.) to determine if they are a good fit for the QuickSwap Launchpad.

Once the evaluation is complete and both sides agree on allowing the project to proceed with the token sale, a separate discussion will take place before coming to an agreement on the upcoming launch date.

Partnership Agreement Details

To execute and build the QuickSwap Launchpad, costs are expected to be minimal since the majority of the infrastructure has been built - any expenses moving forward will be shared 50/50 between QuickSwap and TrustSwap.

TrustSwap will be providing moderator support to QuickSwap to respond to community/user queries and provide updates on social media channels, which will be ongoing. The total cost for this will equate to $5,000 per month, meaning $2,500 will be covered by QuickSwap and the other $2,500 will be covered by TrustSwap (monthly).

If the community votes “Yes” on this proposal, both parties would move forward with development and sharing expenses as outlined, in addition to covering the cost for moderators to support community queries, issues, and such.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

After a successful testnet launch in late 2023, OKX has officially pushed their X Layer Mainnet (formerly known as X1 Network) live.

QuickSwap has found a home as one of the first DEXs (decentralised exchanges) on the chain, launching a new Citadel and expanding its Polygon CDK family of networks. A recent governance vote passed where the dragon community voted in favor of this launch, and QuickSwap is moving full speed ahead to bolster activity on the chain.

With QuickSwap now deployed on X Layer Mainnet, it’s time to set a new standard and completely redefine what DeFi looks like on this exciting new Polygon CDK chain.

Infinite opportunities. Powerful features. Much more to come from the dragon DEX.

Moreover, QuickSwap x OKX continue to strengthen the relationship between each other - two titans converging to make one of the biggest splashes in the Polygon ecosystem.

What is X Layer?

X Layer is a ZK-powered Layer 2 network created by OKX and built using the Polygon CDK tech stack. The chain uses OKB as the native token, where users can move value across both the OKX platform and X Layer network with ease.

With 200+ projects looking to build and deploy on the network, X Layer is poised to be a leading Layer 2 contender and fuel growth across both the OKX and Polygon ecosystems.

The chain is also developer-friendly, allowing them to more seamlessly build in the Web3 space, equipped with strong infrastructure models for dApp creation.

Core features: 

• Polygon CDK Tech Stack: Leveraging Polygon CDK, X Layer offers near-instant finality, unified liquidity, and independent data availability
• Secure and Scalable: Developers can deploy any EVM smart contracts and bring assets from OKX, Ethereum, and all other CDK chains aboard X Layer, all with high security and scalability. Polygon CDK allows trustless bridging between Ethereum and Eth L2s, and with AggLayer possibly other L1s.
• Uniting OKX and Polygon: Both ecosystems are contributing to the development of Polygon CDK and open source ZK Rollup technology, inspiring more innovation, collaboration, and technology adoption
• Low Tx Costs: X Layer uses zkSNARK which helps make transactions more compact and far cheaper
• Interoperability with other L2s: When Polygon’s AggLayer & LxLy bridge are fully activated, OKX will be able to bridge trustlessly between Ethereum and all other L2s in the Polygon CDK ecosystem such as Polygon ZKEVM, Polygon Validium, Dogechain, Immutable ZKEVM, Manta, Astar zkEVM, and all other chains which join the CDK ecosystem! 

OKX is one of the largest CEXs (centralised exchanges) in the blockchain space, boasting over 50 million users and billions of dollars in assets. Given their massive community, support, and reach, X Layer is already making headlines and is set to become a true contender in Web3.

OKX and Dragons Unite: A Collaboration for the Ages

With QuickSwap now live and thriving on X Layer Mainnet, the OKX community can now interact with DeFi on the chain through advanced swaps, LP, and farms. Be on the lookout for more features to come on QuickSwap - this is only the beginning.

As the collaboration between QuickSwap and X Layer grows and solidifies, the dragon DEX will continue to become a leader on the network and help spearhead growth and adoption.

Millions of liquidity is already available on X Layer via QuickSwap, and there’s a lot more planned in terms of new token pairs to be added, farming rewards, campaigns, and more.

Activity is kicking off with a bang, and it’s an exciting time for dragons and OKX community members alike.

QuickSwap will be the main driving force to truly unite the OKX and Polygon ecosystems, one step at a time.

How to Bridge to X Layer

Bridging to X Layer is simple and easy. There are several 3rd party bridge providers you can use to move your tokens from supported networks to X Layer (i.e. Orbiter Finance, Owlto Finance, Nerve Network, Meson Finance).

The official X Layer bridge can be accessed here: https://www.okx.com/xlayer/bridge 

 *Please note that QuickSwap does not endorse any bridges or bridge providers. Please do your own research and use at your own risk

QuickSwap has joined Astar Network’s Yoki Origins campaign as an ecosystem partner!

And there are potential airdrops coming for participants.

Yoki Origins is the official Astar zkEVM launch campaign that aims to bring Web3 to the masses. Users can participate by going to the official Yoki Origins microsite, hosted by Astar Network, and engage in ecosystem project campaigns and tasks to qualify for a chance to earn rewards.

By completing ecosystem project tasks and minting NFTs on Astar zkEVM mainnet, users can acquire OMA and open capsules to fuse digital collectibles (Yoki creatures) to rank higher on the Yoki leaderboard to qualify for potential upcoming rewards

Yoki Origins has already started and will end in Q2 2024 (to be announced)..

Access the QuickSwap Yoki Origins campaign here: https://yoki.astar.network/en/floors/countryside?machine=quickswap

Read more below for everything you need to know, including:

• Key campaign details and mechanics
• Bridging to Astar zkEVM
• How to level up and earn points to qualify for a potential airdrop
• QuickSwap’s YoPort and tasks
• Exclusive bonus airdrop for QuickSwap YoPort users

Campaign Overview

Astar Network’s Yoki Origins campaign is a massive 2-month event celebrating the launch of Astar zkEVM mainnet, which is Japanese themed and jam-packed full of fun and exciting quests!

This article will give a high level overview of Yoki Origins and how you can participate in the QuickSwap campaign to potentially qualify for (hint hint) multiple airdrops.

For more up-to-date emails on Yoki Origins, please reference Astar Network’s official blog post guide.

What the heck is a Yoki anyway??

Yoki is Astar’s original characters featured in Yoki Origins, inspired by folklore in Japan, where the artwork is done by professional Japanese illustrators. Throughout the campaign, users can discover, receive, and grow their Yoki.

This is done by interacting with YoPorts, or Japanese “Gacha machines,” of participating projects (more information below).

For the Yoki Origins campaign, the number of Yokis you collect will increase your chances of receiving potential rewards, based on your leaderboard ranking.

What are YoPorts?

As mentioned above, YoPorts are project capsule machines that represent different cultural aspects of Japan.

For example, QuickSwap will have its own YoPort, which will allow users to mint a random (1 out of 10) “Hydra Dragon” NFT after they complete all of the QuickSwap social and on-chain tasks.

These YoPorts are where the real fun takes place, as users will be able to complete tasks and truly engage with the Astar zkEVM ecosystem on chain.

OMA

OMA is the Yoki Origins “virtual token” that has utility in the campaign relating to Yoki characters. They’re required to perform various actions within the campaign, such as playing a YoPort to collect a capsule, opening a capsule, fusing Yoki to get a rarer Yoki, and more.

In essence, OMA is essential to being able to acquire more points and level up.

But how do you get OMA?

• Completing YoPort quests and minting NFTs
• Logging into the Yoki Origins portal everyday and claiming your daily OMA bonus
• Minting (limited number) OMA every day

Remember that you can only have a maximum of 50 OMA in your wallet at once, so you need to be mindful and strategic about how you use them.

Summary

Here’s a quick summary of the points system of how you can level up on the Yoki Leaderboard (taken from Astar Network’s Medium article):

How to Bridge to Astar zkEVM Mainnet

To get your funds on Astar zkEVM mainnet (EVM-equivalent Layer 2 chain), you’ll need to bridge via one of the official bridges supporting the network.

Users can bridge from Polygon PoS for a few cents (recommended as the cheapest, most efficient option), Ethereum, or any other supported networks from bridge providers. 

Follow Astar Network’s guide to learn how to bridge. Bridge providers can be found directly on the Astar Network portal.

*Please note that QuickSwap does not endorse any third party official bridges and is not responsible for any lost funds/assets in the process of bridging. Users who bridge assets are advised to exercise caution and do their own research.

Bonus Airdrop for QuickSwap YoPort “Hydra Dragon” NFT Holders?

There is a possibility of an additional bonus airdrop exclusively for QuickSwap Hydra Dragon NFT holders during the Yoki Origins campaign who have completed social and on-chain tasks. Please note that any potential airdrop amount has not yet been determined and will be decided on after Yoki Origins concludes.

Each Hydra NFT costs $5 to mint in Ethereum (ETH) tokens on Astar zkEVM mainnet, and every mint thereafter (for the same wallet address) is a near-zero cost.

QuickSwap will receive all revenue generated from these NFTs, where a large portion of the revenue (potential to also be 100%) will go back to the community in various ways. Revenue generated could possibly be distributed in the form of an airdrop, additional LP mining rewards, extra rewards for ASTR stakers through QuickSwap dApp staking, and more (to be determined).

Eligible users to receive this potential exclusive airdrop will need to have completed all of the QuickSwap YoPort social and on-chain tasks and mint at least one Hydra Dragon NFT. Remember that there are 10 different Hydra NFTs that will be provided at random to users who mint them - note that while the NFT have different names/attributes/designs, their actual value is the same.

This potential airdrop distribution (token TBD) will go to users who contributed the most by completing the on-chain tasks via the QuickSwap YoPort. After an NFT is minted (when the 24 hour YoPort tasks are unlocked) you can mint an unlimited number of these NFTs before the next 24 hour YoPort unlocks - however, only NFTs minted as a direct result of completing the social and/or on-chain tasks will count.

If you first visit the QuickSwap YoPort and complete the social and on-chain tasks, you’ll be eligible to mint a Hydra Dragon NFT (for $5 in ETH on Astar zkEVM). The YoPort will then be locked for 24 hours, so you will be unable to complete on-chain tasks again - within this 24 hour lock, you can mint unlimited Hydra Dragon NFTs at a near-zero gas cost but this will not contribute towards a potential airdrop. If you want to mint another qualifying Hydra Dragon NFT, you can come back the next day (after the 24 hour lock is over) and repeat the on-chain tasks only, making you eligible.

Here’s a quick example of how a user (Bob) could potentially try to mint multiple Hydra Dragon NFTs:

1. Bob visits the QuickSwap YoPort on Day 1 and completes all social and on-chain tasks on Astar zkEVM

2. Now that he’s completed the tasks, Bob mints his first Hydra Dragon NFT by paying $5 in ETH tokens on Astar zkEVM mainnet

3. Bob wants to complete the on-chain tasks again, so he waits 24 hours and comes back to the QuickSwap YoPort page. He mints a few Hydra NFTs to see which one he can collect in the meantime during the 24 hour lockup period for the YoPort

4. After 24 hours have passed and the YoPort is unlocked, Bob connects his wallet/account to Yoki Origins, where the portal shows that he’s already completed the QuickSwap YoPort social tasks (he does not need to complete them again)

5. Bob completes the QuickSwap YoPort on-chain activities (swap $10+ and LP $10+), where he will then be prompted to mint another Hydra NFT for near-zero gas in ETH tokens

6. Once Bob mints his 2nd NFT, he can continue to come back to the QuickSwap YoPort every 24 hours to continue minting (increasing his chances of receiving the potential airdrop)

Potential ASTR Airdrop for Yoki Origins Participants

Astar Network may be distributing ASTR tokens (on Astar zkEVM mainnet) to users who make it to the top of the Yoki Leaderboard!

Interacting with the QuickSwap YoPort by completing the social and on-chain tasks (and minting a Hydra Dragon NFT) offers users a way to collect more Yoki and OMA, thereby increasing their chances to receive the token rewards if they rank high enough on the Yoki Leaderboard.

Remember that completing activities for QuickSwap’s YoPort does not automatically qualify users for the ASTR token rewards, but helps you accumulate points. QuickSwap is one of many ecosystem partners participating in Yoki Origins - the more project YoPorts you interact with, the higher your chances.

Ready for Some Yoki Action?

Ready to get started with Yoki Origins and the QuickSwap YoPort?

Exciting times are ahead, as this is just the beginning of Astar zkEVM and the activities that are planned. Big things are coming, and this is your chance to dive in head first and experience Astar zkEVM’s incredible ecosystem.

This governance proposal has been written by BuildrMetrics for the QuickSwap community to review and discuss.

BuildrMetrics is a platform that helps simplify liquidity provision for retail & institutional users by providing easy-to-use tools that provide detailed analytics.

QuickSwap V3 currently has $45 million worth of liquidity on the Polygon PoS network, which is $56 million less than Uniswap V3 on the same chain. With the new products QuickSwap has released, we believe it is poised to overtake Uniswap V3 over the next 6 months with the right implementations. More liquidity on QuickSwap can lead to more volume that is routed from aggregators, but also other DeFi (decentralised finance) users.

QuickSwap has done a good job building new products like perpetual futures, Bonds, and the Gaming Hub. What QuickSwap needs is more resources that simplify liquidity provision to drive more liquidity and volume to the DEX.

Jake Call, the BuildrMetrics Founder, has written an in-depth proposal to support QuickSwap exchange on BuildrMetrics and is proposing to build advanced CLP tools for the top 3 QuickSwap networks.

TL;DR:

• BuildrMetrics is a platform that helps simplify liquidity provision for retail & institutional users by providing easy-to-use tools that provide detailed analytics
• They believe QuickSwap is poised to become the #1 DEX on Polygon PoS with regards to V3 liquidity
• BuildrMetrics is asking for a grant (amount and details later in the blog) to build advanced CLP tools for the top 3 QuickSwap networks, which would also give QuickSwap more exposure to their community of high profile investors and via marketing through Jake’s YouTube channel
• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, April 6 at 7:00 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Saturday, April 6 at 7:00 AM UTC until Wednesday, April 10 at 7:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

BuildrMetrics & The Team

BuildrMetrics is the best tool for finding high-performing concentrated liquidity pools across leading DEXs. After finding liquidity pools, you can dive into simulating potential returns for those exact pools.

BuildrMetrics pulls in historical data from public subgraphs to highlight high-performing pools & allows users to determine what type of APR they might receive after deploying into a liquidity pool.

Currently, BuildrMetrics has over 3,500 unique monthly users and over 85,000 monthly page views. Implementing QuickSwap on BuildrMetrics would allow all over these users to see QuickSwap pools under the ‘Pool Discovery’ page, but also allow current liquidity providers on QuickSwap to have more accurate yield estimations.

BuildrMetrics initially launched with Uniswap V3 support & recently obtained a $5,000 grant from Trader Joe to implement their technology on the exchange.

About Jake Call (Founder of BuildrWealth & BuildrMetrics)

• Jake has over 4 years experience in DeFi and liquidity provision, which allows for valuable insights when implementing new tools and features to BuildrMetrics
• He founded BuildrWealth in January of 2023, where he works with clients to help them establish DeFi portfolios. Over the past year, he has accumulated a clientele with a collective liquidity pool portfolio of over $5 million
• In September 2023, he created BuildrMetrics to allow liquidity providers to see advanced insights for liquidity pools

Jake currently has 20,000 subscribers on YouTube, where he shares his insights on the DeFi market & ideas for passive income via liquidity pools. He is a prominent name in the space and has been able to connect with many DeFi Hedge Funds over the past 3 years that he has been posting for.

Key Benefits of BuildrMetrics vs Competitors

Discover: The Discover tool helps you identify the most promising concentrated liquidity pools for your capital. It consolidates data from our supported DEXs, providing a comprehensive overview of the pools that are currently performing well:

• Daily Estimated Fees
• Price Volatility
• TVL
• Daily Fees
• Fee / TVL Ratio
• Daily Volume
• Volume / TVL Ratio

Simulate: Simulate allows you to view the possible performance and earnings from liquidity pools on our supported DEXs. Our platform provides an extensive array of analytics, available for individual pool examination. This provides you with deeper insights, enabling more informed decisions regarding your investments in liquidity pools:

• Estimated Fees: Determine potential earnings based on your position range
• Deposit Amounts: Determine how much of each asset is needed
• Correlation Chart: The price chart of the liquidity pair for helping find range
• Position Breakdown (by token & value): Analyse future performance across prices
• Asset Value: Analyse future performance across prices
• TVL History: Analyse TVL history over time
• Volume History: Analyse volume history over time

Implementation of QuickSwap on BuildrMetrics

Assuming this proposal is passed via a governance vote, BuildrMetrics would implement QuickSwap on its liquidity provider tool. This would allow users to discover QuickSwap pools & simulate them with all the above benefits.

Currently, when liquidity providers go to open a pool on QuickSwap, they are asked to enter a pair, range, and deposit amounts - all that users are shown is current liquidity distribution. This does not help users determine their range, potential earnings, consistency of the pool, and much more.

Implementing QuickSwap on BuildrMetrics would allow users to determine a range, their realistic return, and consistency of the pool. Every feature that is currently live on BuildrMetrics for other exchanges would also be live for QuickSwap.

The cost for this implementation would be strictly used to fund development costs for BuildrMetrics and maintain QuickSwap as a supported exchange. The cost to build and maintain would be a one-time payment of $3,000.

Benefits of This Proposal

Assuming this proposal is accepted, QuickSwap would be shown to professional liquidity providers with six & seven figure liquidity pool portfolios which would help QuickSwap rise to the largest Polygon V3 DEX. Additionally, it would assist already-existing liquidity providers on QuickSwap determine real returns.

To recap, QuickSwap would be in front of 3,500 unique users that contribute to over 85,000 page views per month, as well as Jake’s network of liquidity providers that have a cumulative liquidity pool portfolio greater than $5 million.

Users would be able to calculate potential returns for all networks on QuickSwap, not just the Polygon PoS network.

Additionally, marketing content would be made for this proposal on Jake’s YouTube channel with over 20,000 subscribers, which alone should drive millions of dollars of liquidity to QuickSwap.

We also will be creating a ‘QuickSwap LP Crash Course’ to educate liquidity providers on the best practices to ensure new liquidity providers have confidence when providing liquidity.

Official Links

BuildrMetrics: https://buildrmetrics.com 

BuildrWealth: https://buildrwealth.com 

Jake’s YouTube: youtube.com/@jakeacall

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Hey there, Dragons! The word on the block(chain) is that everyone is enjoying QuickSwap’s V3 DEX more than ever.

But listen, V3 protocols are cutting-edge stuff. Unless you’re an expert, there’s a good chance you could be enjoying your V3 liquidity even more – not to mention benefiting from it a LOT more. To ensure dragons can squeeze every last drop of liquidity out of the market, every last decimal of yields out of their capital, and make the most of Automated Liquidity Management (ALM), QuickSwap has put together the ultimate guide for the V3 Liquidity high-life.

Best of all: it’s super simple and super, you know, quick! Let’s dive in.

V3 Liquidity in a Nutshell

The arrival of V3 DEXs marked a major milestone for decentralised marketplaces and left the V2 paradigm in the dust. QuickSwap’s V3 DEX is an especially powerful model that maximises returns while minimising downside risks such as impermanent loss (IL) for LPs and price slippage for traders. In effect, the QuickSwap V3 DEX brings a host of powerful new features that make its Automated Market Maker (AMM) vastly more efficient, and offer unprecedented customisability to LPs.

Concentrated Liquidity

On the QuickSwap V3 DEX, concentrated liquidity is a direct result of the customisable liquidity management features that the platform offers to LPs. With liquidity management, LPs may select designated price ranges for which to support trades. In other words, LPs can concentrate their liquidity within price ranges in order to mitigate the risks associated with impermanent loss, increase capital efficiency, and maximise returns, all while enhancing liquidity for traders. It’s a win-win that makes a world of difference on both sides of a trade.

And when it comes to earning yields, LPs have it easier than ever before. Adding and removing liquidity and claiming rewards associated with an LP position is never more than a couple clicks away.

Let’s take a look at a case example. And by the way, feel free to follow along and run the numbers on your own using the QuickSwap V3 Strategy Simulator. It’s a slick platform QuickSwap developed in-house to help LPs, projects, and users fine-tune their trading and LP strategies to get the most out of their V3 experience. Now, onto some MATIC/ETH fun!

For the above MATIC/ETH position, the LP provided liquidity in a range 50% above and 50% below spot price.

Per the QuickSwap V3 Strategy Simulator, this LP position is 4.16x (416%) more efficient than a standard V2 position.

Translation: $25K of liquidity in such a position would effectively function as $104,000 worth of liquidity on a standard V2 DEX. Wild numbers, huh? Just wait until you see what else is possible.

For the exact same MATIC/ETH pair above, if an LP elects to provide liquidity in a range 10% above and 10% below spot price, it gets even better. Here, the handy QuickSwap V3 Strategy Simulator calculates a 20.33x (2,033%) increase in efficiency. That means that for this price range, $25k of liquidity would effectively function as the equivalent of $508,250 of liquidity on a standard V2 DEX.

For traders, liquidity that is concentrated within a designated price range means dramatically less slippage. For LPs, on the other hand, it means superior returns, sufficient capital to ensure a smooth trading experience, and a lot less sleep lost worrying about impermanent loss.

Talk about more for less.

Now, while the dangers of excessive price concentration do exist – mainly, inhibiting price discovery – yields for LPing in a designated price range will also decrease as liquidity becomes more concentrated. Hence, natural free market dynamics tend to smooth out liquidity and optimise price ranges so that markets are sufficiently liquid to curb excessive volatility and still permit healthy price discovery. In addition, the QuickSwap V3 DEX offers Automated Liquidity Management (ALM) to help LPs adjust their strategies in response to changing market dynamics on the fly – but more on that in a second.

Customising Concentrated Liquidity

In the V3 scene, LPs have a lot more benefit to reap than meets the eye. For one, LPs do not have to provide liquidity on both sides equally, as in the example above. To that end, LPs can provide 100% of their liquidity on one side of a pair – either within a price range, or at a specific price level.

On this accord, V3 liquidity management actually enables users to set the equivalent of limit orders, price floors, or price ceilings, or even to dollar-cost average (DCA) into positions across an extended price range. By DCAing effectively, whales, funds, projects, and other large-volume token holders can gradually offload positions into the market without introducing any undue sell pressure or corresponding volatility. The same functions can be implemented on the buy side – that is, above spot price – for individuals and organisations looking to DCA into positions.

Now, time for another case example exhibiting the power of one-sided LPing on the QuickSwap V3 DEX – this time on the MATIC/USD pair.

For the MATIC/USDC pair above, the MATIC spot price is 1.066. By establishing a one-sided LP position between 1.0024 and 1.0517 fully below spot, an LP deposits 100% USDC.

During a period of higher sell pressure, such a position supports MATIC with additional USDC, without creating opposing sell-side pressure against new buyers of MATIC. Essentially, a one-sided LP position increases depth on one side of a trading pair, while leaving the other side as is.

The tighter the range, the more resistance there is to price movement in the direction of the one-sided liquidity position. While the position stands to stabilise the token price, it can also prevent price discovery in the same direction. A user electing to LP in the below-spot range in this case example may either be a project contributing to price stability, or an LP setting a range to DCA into MATIC.

To the contrary, an LP may provide liquidity in a range above the current token price in order to DCA out of MATIC as the price increases, without creating undue sell pressure or volatility.

Automated Liquidity Management (ALM) on QuickSwap

Now that you’re up-to-speed on the power of creative LPing on the QuickSwap V3 DEX, you’re really going to love ALM.

Even with V3 Liquidity in place, crypto markets are volatile, unpredictable, and operating around the clock. ALM is composed of a set of smart contracts that continually readjust the parameters of an LP’s position in response to changing market dynamics – most commonly, in response to price movement.

When prices shift, ALM contracts abstract away active liquidity management by rebalancing assets, resetting price ranges, and reinvesting LP rewards to optimise for compound returns. It’s a true set-and-forget liquidity solution that allows LPs to strategise, lock in their parameters, and rest easy knowing that their strategies will be maintained and optimised over time in order to maximise returns and respond optimally to evolving market conditions.

On the QuickSwap DEX V3, LPs can enjoy all the best of strategic V3 liquidity management without any of the painstaking daily adjustments, while traders enjoy peak liquidity, refined price points, and minimal slippage. And, with ALM in action, QuickSwap is truly the decentralised one-stop platform for set-and-forget and earn-and-compound LPing.

Well, what are you waiting for? It’s time to get your liquidity game on today.

Get started.

Another Citadel deployment is on the horizon. And its name is X1.

After a governance vote was passed by the dragon community in Q4 2023, QuickSwap went live on the X1 (OKX) Network testnet, OKX’s Layer 2 network built using the Polygon CDK tech stack.

Activity picked up quickly on the testnet via QuickSwap, immediately cementing the DEX’s position within the OKX ecosystem. To help continue driving on-chain activity, X1 launched a testnet campaign on Galxe where users who completed social and on-chain activities via QuickSwap to mint an exclusive NFT, giving them a taste of the chain in its early stages.

X1 Network is going to be launching their mainnet soon, with 150+ projects rumored to be going live on the chain. This means QuickSwap needs to take swift action to deploy and obtain a first mover advantage. It’s of the essence that QuickSwap launches as soon as possible to start capturing the largest possible share of early users before other dApps and protocols, in addition to establishing a strong reputation from the get go.

OKX is also heavily investing in their initiatives, infrastructure, and ecosystem projects to make X1 Network a huge success. X1 Network had potential to be one of the largest Layer 2’s in the industry, as OKX is looking to compete with the likes of Binance, Coinbase, and other CEXs (centralised exchanges) that have launched their own Layer 2 and Layer 1 networks. In January 2024, Coinbase’s Base Layer 2 chain had amassed over 2 million users, with 236+ protocols, and $798+ million in TVL to date. On another note, Binance Smart Chain (BSC) has over $7.3 billion in TVL and over $2 billion in current daily volume, and continues to grow in adoption.

X1 Network has massive potential to acquire millions of users, hundreds of protocols, and billions in TVL - and QuickSwap can be a key driver of this growth.

Not only is the alliance with QuickSwap, OKX, and X1 Network essential for the DEX to thrive within the ecosystem but also monumental for the adoption of Polygon CDK and the broader Polygon 2.0 vision.

This is also a critical step in further solidifying the relationship between QuickSwap and OKX, which remains the 2nd largest CEX with over $4.8 billion in daily volume and 25 million monthly visitors (as of March 24, 2024), along with the broader Polygon community. Furthermore, QuickSwap deploying as the first DEX on X1 Network mainnet will help the chain achieve significant adoption and push the Polygon CDK narrative even further into the spotlight, benefitting both ecosystems.

This expedited proposal (simultaneous discussion and vote) has been put forward for the dragon community to decide if QuickSwap should launch on X1 Network Mainnet. This will be a combined 2 day discussion and vote - the reasons for expedience are two fold: Firstly, QuickSwap needs to launch immediately to become one of the first projects (if not the very first) on the chain to give it a first mover advantage. It was not ideal to do the vote earlier as it could tip off competitors to rush to launch before the QuickSwap community. Secondly, the community already voted overwhelmingly (~97% Yes) to deploy on OKX X1 Testnet. For these reasons, it makes sense to launch an expedited vote to give us the element of surprise, and be first on the chain. To kick things off, QuickSwap will be deploying a large amount of LP mining rewards to attract the largest number of users from the start and exploring other marketing initiatives, campaigns, etc.

TL;DR:

• QuickSwap had a successful start on X1 Network’s testnet, fueled by initial on-chain activities and campaigns to spark adoption and educate users about the ecosystem
• X1 Network is in the process of preparing and deploying its mainnet, a new ZK-powered Layer 2 and EVM-compatible chain (built using the Polygon CDK tech stack) that offers high scalability, low transaction costs, and instant finality. The network is helping merge the OKX and Polygon ecosystems, bringing both communities together and broadening horizons across the board
• This expedited proposal (2 days total with a simultaneous discussion and vote) is for the QuickSwap community to decide if the DEX should deploy a new QuickSwap Citadel on X1 Network mainnet, with options to strategically launch both Algebra Dynamic Fee, and Uniswap Variable Static Fee contracts. 
• QuickSwap launching first on X1 Network mainnet is key for the DEX’s success to continue dominating as the leader on all Polygon chains while further uniting the Polygon and OKX ecosystems. X1 Network is poised to be one of the top Layer 2 chains - OKX will be putting a large amount of resources towards the ecosystem to compete with the likes of Binance, Coinbase, and others to make a huge splash across the industry
• The discussion is ongoing through the official QuickSwap Reddit and the vote is now live on Snapshot (both are running simultaneously)
• Both the discussion and vote will run until Friday, March 29 at 2:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

About X1 Network

X1 Network is a ZK-powered Layer 2 network created by OKX and powered by Polygon CDK. The chain uses OKB as the native token, where users can move value across both the OKX platform and X1 chain with ease.

The purpose of the chain is to serve as a portal to connect OKX products, users, and tokens to the Web3 space and Polygon/Ethereum ecosystems. You can view this similar to Binance’s Binance Smart Chain and Coinbase’s Base chain!

It’s also developer-friendly to allow people to more seamlessly build in the Web3 space, equipped with strong infrastructure models for dApp creation.

Here are some of the other core features that X1 Network brings to the table:

• Polygon CDK Tech Stack: Leveraging Polygon CDK, X1 offers near-instant finality, unified liquidity, and independent data availability
• Secure and Scalable: Developers can deploy any EVM smart contracts and bring assets from OKX, Ethereum, and all other CDK chains aboard X1, all with high security and scalability. Polygon CDK allows trustless bridging between Ethereum and Eth L2s, and with AggLayer possibly other L1s.
• Uniting OKX and Polygon: Both ecosystems are contributing to the development of Polygon CDK and open source ZK Rollup technology, inspiring more innovation, collaboration, and technology adoption
• Low Tx Costs: X1 uses zkSNARK which helps make transactions more compact and far cheaper
• Interoperability with other L2s: When Polygon’s AggLayer & LxLy bridge are fully activated, OKX will be able to bridge trustlessly between Ethereum and all other L2s in the Polygon CDK ecosystem such as Polygon ZKEVM, Polygon Validium, Dogechain, Immutable ZKEVM, Manta, Astar zkEVM, and all other chains which join the CDK ecosystem! 

OKX has 50 million users and billions of assets on its centralised exchange platform. The potential for X1 Network to become one of the leading Layer 2 chains is massive, and QuickSwap has an opportunity to immediately tap into its community, ecosystem, and other resources by deploying on Mainnet!

Bringing QuickSwap, X1 Network, and Polygon to the Next Frontier

QuickSwap has been dominating as the #1 DEX on all Polygon chains and, through the DragonFi 2.0 initiative, aims to continue leading the charge on Polygon CDK chains moving forward.

OKX and X1 Network have been highly supportive of QuickSwap, making for an exciting continued collaboration that has the potential to greatly contribute to the future success of X1 Network’s ecosystem.

QuickSwap has had highly successful deployments on many new Layer 2 chains. QuickSwap is now the #1 DEX on Polygon PoS, Polygon zkEVM, Immutable zkEVM, Astar zkEVM, Manta Pacific, & Dogechain, making it well positioned to make a huge impact on adoption and on-chain activity for X1 Network.

If the community votes in favor of this proposal, QuickSwap would be one of the first dApps (if not the very first) to deploy on X1 Network mainnet and bringing in OKX’s huge user base and community to experience DeFi on the new ZK-powered Layer 2 chain.

Deploying first is essential to put QuickSwap at the forefront of the X1 Network ecosystem from the very beginning, which will be followed up by huge incentives for early users, strong marketing initiatives, and much more.

This is also the biggest collaboration that OKX and Polygon have had to date, putting QuickSwap in an ideal spot to further strengthen the bond between both ecosystems and set the stage for excellence across the X1 Network DeFi ecosystem.

Upwards and onwards, dragons!

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap has officially integrated TradingView on QuickPerps, its decentralised Perpetual Exchange on Polygon zkEVM. TradingView is a comprehensive charting platform that provides wide-range functionality for tracking cryptocurrency prices, building customised charts, and implementing trading strategies at any level.

As an industry leader in market analytics features, TradingView’s sophisticated tools and versatile user interface enable users to fully monitor market dynamics and price movements with professional precision and in real time. Having unlimited access to professional-grade tools and customizability features will enable QuickSwap dragons of all backgrounds and financial profiles to get the most out of their investments and benefit from fully informed decision making. 

Quite frankly, the dragon community wouldn’t have it any other way.

So what does this mean for users on QuickPerps? Read on to learn more.

What Does TradingView Bring to QuickPerps Users?

At QuickSwap, providing a best-in-class user experience within Web3 ecosystems and beyond has been a primary objective since development began for the DEX several years ago. QuickPerps has served as a powerful extension of the DragonFi ecosystem, serving as the leading decentralised Perpetual Exchange on the Polygon zkEVM chain.

As a pioneering force developing simplified and intuitive interfaces for individuals to take control of their finances, QuickSwap’s ultra-simple interfaces such as the now-famous DEX Automated Market-Maker (AMM) and QuickPerps – while very user-friendly – are not direct replacements for sophisticated and feature-rich control panels. 

As Web3 technologies and DeFi platforms continue to advance toward mass market by adoption, QuickSwap will be committed to supporting users and DeFi traders with a wide range of preferences and specialisations.

With integrating TradingView, QuickPerps is able to provide professional-grade charting and analytics tools to advanced traders, while remaining focused on optimising standard frontend interfaces to ensure a simple, intuitive, and user-friendly trading experience that the DragonFi ecosystem has become famous for.

Not only can QuickPerps users benefit from a seamless, intuitive, and accessible UI/UX but also trade with confidence by leveraging TradingView’s advanced charting tools.

While the market can be uncertain, TradingView’s pinpoint accuracy with chart analytics and tools is a given.

The future is bright for dragons of the past, present, and of course, the future!

Earlier in January 2024, the dragon community voted in favor of a fee split of 90% to LPs, 7% to Dragon’s Lair, and 3% to the Foundation for QuickSwap’s Uni V3 contracts launching on existing and new Chains.

However, this vote did not cover Polygon PoS, where QuickSwap has always solely used Algebra’s dynamic fee model on V3.

Introducing a more flexible model would help keep the DEX (decentralised exchange) competitive among other leading DEXs and help attract more LPs (liquidity providers).

Uni V3 contracts are industry-leading technology that provide LPs with more flexibility when it comes to their liquidity while also offering more efficiency, allowing them to allocate liquidity to trades taking place across certain price intervals. Additionally, while many institutions, projects, whales, and retail trust QuickSwap dynamic fee contracts, there are some entities that have in their agreements with investors (for example) that they can only use Uniswap unaltered contracts. 

Many institutions and individuals have asked if QuickSwap has unaltered Uni V3 contracts available as an option and have said they would move liquidity to QuickSwap if these were made available. Therefore, having more options is always good for users.

As the market continues to grow and become more advanced, adoption of these contracts will be critical for QuickSwap to continue dominating on its leading chain (Polygon PoS), which is seeing surges in usage by the day, steadily growing in TVL (currently $120+ million) and consistently hitting $100-250 million in daily volume.

Another great benefit is that where LPs use these contracts, more of the fees will come with QuickSwap token holders and the Foundation, whereas with Algebra contracts, the fees must be split with them. 

This proposal has been introduced for the dragon community to decide if QuickSwap should launch Uni V3 contracts on Polygon PoS.

TL;DR:

• QuickSwap has currently enabled Uni V3 contracts on Polygon zkEVM, Manta Pacific, Astar zkEVM, and Immutable zkEVM. Individual new deployments require community votes. In some cases it could make sense to launch both dynamic fee & Uni V3 variable fee contracts. In some cases, per community vote we may launch one or the other.
• Uni V3 contracts are industry-leading and some of the most trusted for LPs in DeFi - if QuickSwap were to launch Uni V3 contracts on Polygon PoS (its leading chain in terms of TVL and volume), it could help attract substantially more liquidity to the DEX and enrich the DragonFi ecosystem with further growth/adoption
• This proposal is for the dragon community to decide if QuickSwap should launch Uni V3 contracts on Polygon PoS, in parallel to dynamic fee contracts. LPs, users, and projects will have the choice to launch whichever model works best for them. 
• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, March 16 at 2:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Saturday, March 16 at 2:00 PM UTC until Wednesday, March 20 at 2:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What Would Uni V3 Contracts Mean for QuickSwap Users on PoS?

Uni V3 contracts allow QuickSwap LPs to distribute their funds across the following variable, but static fee tiers. LPs choose fee at initial deployment of pools, but it does not adjust with market conditions like our dynamic fee contracts. 

• 0.01%
• 0.05%
• 0.3%
• 1%
• Dynamic fee (QuickSwap/Algebra V3 contracts)

Having these various fee tier options allows for greater capital efficiency and flexibility. If QuickSwap were to launch Uni V3 contracts on Polygon PoS, these contracts would be another option for LPs alongside and working synergistically with Algebra’s current V3 dynamic fee model, which will still remain available and unchanged.

Uni V3 contracts also make the QuickSwap DEX stronger and more versatile, giving LPs opportunities to earn greater rewards depending on which fee tier they choose. In addition, having Uni V3 contracts available on Polygon PoS could potentially attract other projects to migrate liquidity over to QuickSwap given their industry-wide recognition/established trust across the market - this could result in higher TVL for the DEX and more adoption overall.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap has deployed its next Citadel on its journey to dominate the Polygon 2.0 landscape.

Astar zkEVM mainnet is now live on the DEX! A huge milestone and step forward for the dragon community. QuickSwap is aiming to help drive adoption for Astar Network’s zkEVM chain via its current DEX infrastructure.

Experience DeFi like never before on Astar zkEVM and get ready for exciting upcoming campaigns.

Read on to find out more about this integration. 

What is Astar zkEVM?

Astar zkEVM was built as a Supernet to accelerate the Web3 mass adoption in Japan and globally.

Built using the Polygon CDK tech stack, Astar zkEVM is a scalable, decentralised Ethereum Layer 2 EVM-equivalent blockhain that enables communications and the direct flow of assets between Polygon, Ethereum, Polkadot, Cosmos, and other popular blockchain networks. 

Astar Network’s reach continues to grow quickly, with 500K+ community members, 50+ dApps already live, $600+ million in TVL (Total Value Locked), and 350+ projects within the ecosystem.

QuickSwap x Astar zkEVM: Pushing the Polygon CDK Boundaries

QuickSwap launching on Astar zkEVM Mainnet has opened up the floodgates for the dragon and Astar communities to tap into next-gen DeFi on the network. 

Deep liquidity. Fast speeds. Extremely low transaction fees. DeFi at its finest.

This has also opened up the door to an entirely new ecosystem, including an even greater network of interconnected chains already accessible through Astar’s infrastructure. 

Users can now swap, provide liquidity (LP), and farm to earn additional rewards - more DeFi features will be coming soon.

QuickSwap launching on Astar zkEVM will attract more liquidity across the Polygon ecosystem to help the chain grow to make the bond stronger between Astar x Polygon.

In addition, QuickSwap is continuing to push the DragonFi 2.0 narrative and dominate the Polygon 2.0 landscape. Astar zkEVM drives this mission one step further.

Yoki Origins Campaign

To kick off activity on Astar zkEVM, Astar Network will be launching their Yoki Origins campaign, a massive event across their ecosystem.

QuickSwap will be an ecosystem project participant, where users will be able to complete social and on-chain tasks for a chance to win potential rewards.

More details to be announced in the near future, so stay tuned on QuickSwap socials to see how you can participate!

Success is not the key to building an empire. Building an empire is the key to success.

Introducing DragonFi 2.0’s 3rd pillar: Products and integrations.

The heart of the beast. Building blocks laying the foundation for the future of the DEX. Hundreds of integrations that we know of, with likely thousands of total integrations (QuickSwap is decentralized, so anyone can build on their own at any time).

QuickSwap has indeed built its own empire on Polygon, all contributing to its success and made possible by the robustness and fortitude of the DragonFi ecosystem infrastructure.

Get ready to explore the inner workings of QuickSwap’s vast and extensive network, in addition to how the most impactful collaborations have brought it to the forefront on Polygon.

Pillar 3: Products and Integrations

From the beginning, QuickSwap has always been community first and strived to develop long-lasting relationships with projects and builders within the Polygon sphere.

So what’s the secret recipe behind its major success? Relationships and fostering trust within the community are where QuickSwap has truly excelled. 

Staying on top of current blockchain trends and events in Polygon and beyond. Researching and sourcing the most suitable products/integrations. Fostering connections and relationships with depth and trust - these are what QuickSwap does best.

QuickSwap’s integrations and partners are broken down into 4 categories:

• DEX & Product Integrations: Sourcing the highest quality and most secure products
• Collaborations: QuickSwap community working with hundreds of projects
• Wallets: 15 leading Web3 wallet providers are supported on the DEX
• Citadel Deployments: Deployed on 7 Polygon-based chains; more to come

Let’s dive into the details.

DEX & Product Integrations

• Orbs Network: Limit/dTWAP orders and Liquidity Hub for aggregated liquidity, better prices and zero-gas trades
• Orderly Network: Permissionless liquidity layer for QuickPerps V2 allowing users to leverage trade via an order book (from Polygon PoS into a vault) with zero gas fees
• Angle: Merkl Tree integration for ALM strategies where users can earn LP and farming rewards in 1 click
• Chainlink: Powering price feeds for tokens on Polygon PoS for QuickSwap
• Paraswap: Powers QuickSwap’s “Best Trade” feature on Polygon PoS & zkEVM
• Axelar/Squid: Squid’s widget, powered by Axelar’s, enables seamless cross-chain swaps across 60+ blockchain networks
• Algebra: V3 contracts for concentrated liquidity and dynamic fees
• Gamma: ALM provider with LP and farming strategies on Polygon PoS, Polygon zkEVM, and Manta Pacific
• Steer Protocol: ALM provider with LP and farming strategies on Polygon PoS and Manta Pacific
• DefiEdge: ALM provider with LP and farming strategies on Polygon PoS
• ICHI: ALM provider with LP and farming strategies on Polygon PoS
• A[51]: ALM provider with LP and farming strategies on Dogechain
• ApeBond: Powering the QuickSwap Bonds product, letting users receive discounted, vested tokens for their LP
• dappOS: Launched their V2 product for paying gas in any on-chain token
• NEAR Protocol: BOS Dashboard on Polygon zkEVM for one-stop-shop DeFi
• Pyth: Decentralised oracle on QuickPerps providing an API (fastpricefeed) for pricing
• API3: Decentralised oracle on QuickPerps acting as a fallback/reference to Pyth
• OpenOcean: DEX and CEX transaction aggregation protocol integrates trades from QuickSwap
• Witnet: Provides an oracle for the QUICK (New) token

While these integrations power the DEX in a more holistic way, hundreds of others products and collaborations continue to bolster the DragonFi ecosystem.

Collaborations

• Binance: QUICK token listing, wallet integration, and campaigns
• Coinbase: cbETH (wrapped version of ETH) available on Polygon PoS
• Crypto.com: QUICK token listing, wallet integration, on-chain campaigns
• OKX: Wallet integration, campaigns (Cryptopedia and on-chain)
• KuCoin: QUICK token listing and campaigns
• Gate.io: QUICK token listing
• Poloniex: QUICK token listing
• LBank: QUICK token listing
• The Graph: Enables subgraphs to allow for querying of the QuickSwap DEX and token pairs, transactions, users, and much more
• Immutable: Building Onboarding new games
• DWF Labs: Providing liquidity and strengthening QUICK markets on different exchanges
• Aavegotchi: Token listed on the DEX, collaborations 
• Kinetix Finance: Available through the QuickSwap chain dropdown menu and 1% of KFI supply will be distributed to the dragon community
• Masa Finance: Providing support for advanced on-chain analytics on QuickSwap
• VersaGames: Ongoing collaboration with the Gaming Hub along with facilitating relationships with popular Polygon games
• Rubic: Multichain aggregation protocol that integrated QuickSwap instant trades
• Metavault: Builds, maintains, and deploys innovative solutions for QuickPerps
• Gravity Finance: Assists with the development and maintenance of QuickPerps
• Timeswap: Provides products for QUICK lending and borrowing on Polygon PoS
• Mercle: Powering QuickSwap’s very own NFT collection with custom attributes and quests
• QiDAO: Provides MAI LP and liquidity mining rewards for farms on the DEX
• Poolfish: Built a Custom Concentrated Liquidity Calculator for V3 pools
• Buildoor Labs: Creating layovers for QuickPerps and potentially other future QuickSwap products to improve the user flow and experience
• Hype Labs: Runs advertisements on the QuickSwap website
• Layer3: Leading quest platform that has run 10+ campaigns with QuickSwap
• Galxe: World’s largest campaign platform - QuickSwap has run 20+ campaigns and counting
• Intract: Platform that kicked off the Polygon zkEVM Saga Campaign that amassed 150,000+ participants, where QuickSwap was a participant
• TaskOn: QuickSwap has run 2 on-chain quests and several social campaigns on their platform

Polygon CDK Chain Citadels

• Polygon PoS: Deployed since day 1 with a peak of $1 billion+ TVL. $100M+ in current TVL and ~$60 million+ in daily volume, and QuickSwap’s leading chain
• Polygon zkEVM: Went live in March 2023 and currently has $4.4 million+ in TVL along with QuickPerps, a decentralised perpetual exchange with $2 million+ in TVL and $134 million+ in trading volume
• Manta Pacific: EVM-compatible Layer 2 ZK-powered and privacy chain launched on the DEX in October 2023. Currently sitting at $17 million+ in TVL 
• Dogechain: Layer 2 scaling solution for Dogecoin that brings DeFi, yield farming, NFTs, and more to the network. The chain has been live on QuickSwap since the summer of 2022 and reached a peak of almost $3 million in TVL
• Immutable zkEVM: Layer 2 ZK-rollup and the gaming chain of the future, where QuickSwap is currently live on mainnet. QuickSwap is the the very first DEX to run on Immutable zkEVM and provide DeFi to users and gamers on the chain
• Astar zkEVM: Layer 2 ZK-rollup built using Polygon CDK tech, now in testnet phase on QuickSwap and soon to go live on mainnet
• X1 Network: ZK-powered Layer 2 chain, built using Polygon CDK, connecting the OKX and Ethereum communities. QuickSwap is live on testnet, with mainnet going live soon

Wallets

• MetaMask
• Binance Wallet
• Trust Wallet
• OKX Wallet
• Phantom Wallet
• Brave Wallet
• BlockWallet
• Safe
• Coinbase Wallet
• WalletConnect
• ZenGo
• Venly
• Bitget Wallet
• Crypto.com DeFi Wallet
• Unstoppable Domains

The QuickSwap Effect: Case Studies

As QuickSwap has become a more thriving DEX and ecosystem, its ability to help other projects thrive has also drastically increased.

Many call this the “QuickSwap Effect,” where projects that integrate with QuickSwap are brought to life - growing indefinitely, unlocking new users/partnerships, and ultimately becoming bigger in the industry.

Here are two case studies to demonstrate this.

Gamma

Gamma is an ALM (Automated Liquidity Manager) providing LPs with specific liquidity management strategies, auto-compounding LP & farming rewards, and more.

QuickSwap integrated Gamma’s technology on January 30, 2023. At the time, Gamma had ~$9 million in TVL and, once the integration went live, Gamma’s TVL quickly skyrocketed to almost $120 million in only a few months as shown in the chart below (over a 13x multiple).

They had actually been dropping in liquidity before QuickSwap integrated their technology (and in some ways incubated Gamma). While the tech was great, in Web3 it takes trust for people to deposit their capital. QuickSwap has built a reputation of safety, establishing the premise that if the product is good enough for QuickSwap to integrate, then to many users it’s good enough for them to try the product.

Ever since QuickSwap integrated Gamma and demonstrated proof of concept, other dApps began to take notice and onboard their technology. Today, Gamma has integrated with 18 other protocols, including the likes of Uniswap, Camelot, SushiSwap, Thena, PancakeSwap, and more.

QuickSwap was a major catalyst for Gamma’s growth and success - and all of this happened in only 1 year throughout a relatively stagnant market.

Algebra

QuickSwap integrated Algebra’s V3 dynamic fee model back in June 2022 when they originally had ~$1.69 million in TVL, and QuickSwap managed ~$71 million in TVL using the same technology.

Similar to the situation with Gamma, once QuickSwap integrated Algebra’s tech, there was instant and continuous growth/adoption that led to 14 protocols (as of March 12, 2024) using their V3 tech, including ZyberSwap, Camelot, Thena, StellaSwap, and more.

Not only did QuickSwap attain greater TVL from the Algebra integration but it also helped build legitimacy and trust for their product through initial audits from Hexens, ABDK Consulting, and Code4Rena.

QuickSwap has developed a proven track record of taking projects to the next level, allowing them to gain the necessary exposure they need within the DragonFi ecosystem, presenting a massive opportunity to drastically multiply their user base and DeFi statistics across the board.

Uncovering the Next Pillar

Hungry for more on DragonFi 2.0?

The journey has only begun, with 3 of the 7 pillars now revealed. 

Stay tuned for what’s in store for Pillar 4… the flames are getting hotter.

QuickSwap Launches on Immutable zkEVM Mainnet

The time has officially come. A new Citadel has deployed. And it’s bigger than ever.

QuickSwap has launched on Immutable zkEVM mainnet - the Layer 2  EVM ZK-rollup Web3 gaming chain of the future, powered by Polygon. Built for gamers and developers, now available to dragons for DeFi.

Moreover, another step in the evolution of DragonFi 2.0.

High farming rewards are also available for early users - keep reading to find out more.

EVM compatibility, low transaction fees, incredibly high scalability, and Ethereum security - The most cutting-edge technology in gaming with the largest ecosystem in web3.

Pushing the Gaming Hub live was the first step of QuickSwap entering the Polygon gaming ecosystem. Now, QuickSwap has taken the next leap by building on Immutable zkEVM and tapping into the multi-billion dollar blockchain gaming industry.

Immutable has a massive ecosystem of 1+ million gamers and $2 billion in investor funding for games building on its network, and that’s just the beginning.

Read on to learn more about what this means for QuickSwap and Immutable.

What is Immutable zkEVM?

Immutable has been coined as the “Gaming Chain of the Future” and is powered by Polygon. 

The network is built for games and is EVM compatible while providing low transaction costs, high scalability, and a vast product suite to cater to both gamers and developers across its ever-growing ecosystem.

Immutable has its own unique smart contract templates and products that lets developers create games with ease, all while enjoying the benefits of Ethereum security and other core features. 

Within the Immutable zkEVM ecosystem, users can also create, upgrade, and monetise their NFTs across a wide variety of blockchain games.

The network utilises a EIP-1559 congestion mechanism to reduce spam and price gas fees based on a deterministic algorithm, which are already low given it’s built on Polygon’s tech. IMX is the native ecosystem token that’s used to pay gas to transact across the Immutable gaming sphere.

Here are some key products that Immutable offers:

• Passport: Blockchain-based identity and non-custodial wallet system allowing gamers on Immutable zkEVM to interact with the chain and Web3 ecosystem games in one place, taking the gaming experience to the next level while providing a more seamless UI/UX
• Orderbook: Where marketplaces, studios, and creators can boost revenue and liquidity through sharing NFT orders across the largest NFT marketplaces, including attaching fees to orders, enabling custom marketplace experiences to be deployed directly within your own game, and more
• Checkout: All-in-one payment solution that fully manages the checkout process for a game or marketplace built on Immutable. Projects can provide access to users for them to add tokens, leverage different payment methods, seamlessly trade digital assets, and more

Games that have already built on Immutable zkEVM include Shardbound, Meta Toy DragonZ SAGA, MetalCore, Galaxy Commanders, Medieval Empires, and many more.

Bridging to Immutable zkEVM

Users can now bridge from Ethereum to Immutable zkEVM using the official Immutable zkEVM Bridge. 

1. Select "Bridge (Move coins) on the left of the screen

2. In the "From" section, select your preferred Web3 wallet and choose "Ethereum"

3. In the "To" section, select which wallet you want to deposit your funds to and select "Immutable zkEVM"

4. Complete the transaction and you're all set!

Using QuickSwap on Immutable zkEVM

QuickSwap was live on the Immutable zkEVM testnet for several months beginning in 2023, where the network was battle tested as mainnet was preparing for deployment.

So now that QuickSwap is live on Immutable zkEVM mainnet, how can I get started with using the network?

Simply go to https://quickswap.exchange/, connect your wallet, and select “Immutable zkEVM Mainnet,” where your wallet will automatically enter the RPC details.

From there, users can choose between swapping or providing liquidity/farming as an LP on Immutable zkEVM.

Remember that gas will need to be paid in IMX, so ensure that you have a sufficient amount of the token in your wallet to cover any transaction fees.

High LP & Farming Rewards for Early Users!

LPs (liquidity providers) can now earn high farming rewards and incentives on Immutable zkEVM through QuickSwap!

Get started: https://quickswap.exchange/#/farm

WIMX token rewards (in emissions) are available for the following farms:

• WIMX/USDC
• WIMX/GOG
• WIMX/WETH
• WETH/USDC

More farms to come, so stay tuned.

Taking GameFi to a New Level

QuickSwap is currently the only DEX built on Immutable zkEVM mainnet, making it the go-to platform for everything DeFi on the chain.

Immutable is poised for massive growth and has become a major catalyst for increased adoption across blockchain gaming. QuickSwap is now tapping into this exciting ecosystem, not only bringing DeFi to the Immutable community but also opening the door for more collaborations with games and projects across the network.

As the Immutable zkEVM network continues to grow via QuickSwap, the DEX is positioned to become a leader on the chain and help spark massive adoption. Immutable has been leading the charge in Web3 gaming and has adopted Polygon technology, making it a crucial component to Polygon’s gaming ecosystem and narrative.

The next frontier of GameFi is here, and it’s all happening on Immutable zkEVM through QuickSwap.

Buckle your seatbelts - the party’s just getting started.

QuickSwap launched QuickPerps in May of 2023, a decentralised Perpetual Exchange built on Polygon zkEVM, enabling users to trade perpetual swaps with up to 50x leverage across blue-chip crypto tokens.

To date, QuickPerps has hit staggering numbers, including $133+ million in total trading volume, a peak of $11+ million in QLP liquidity, and 12,500+ total users - all while being deployed solely on Polygon zkEVM, which is still in Beta and being pushed minimally for now.

Now it’s time for a new chapter. To turn the page. A massive upgrade to leverage trading from Polygon and changing the game in the industry.

Turning QuickPerps into a fiery new beast with its new Falkor deployment.

QuickSwap has partnered with Orderly Network to create Falkor, launching on Polygon PoS first with the potential for accessibility from other future chains. This revolutionary Perpetual Exchange will introduce an orderbook for an enhanced UI/UX where users can leverage trade through a “vault” for zero-gas trades. Falkor solves the infamous re-org issue that has stopped other Perpetuals protocols from launching on Polygon PoS. This has the potential to kick off Polygon Perpetuals season, given how powerful this was for the Arbitrum ecosystem. 

Imagine a CEX (centralised exchange) trading experience but in a decentralised fashion, directly on QuickPerps - extremely low transaction costs for vault deposits where users can then trade leverage without gas within a Falkor vault, then withdraw back to PoS or other chains.

Multichain. Smooth. Optimal UI/UX. These are the things that QuickSwap has always strived to deliver to the community, now coming even further to the forefront with Falkor. 

This proposal is to decide if QuickSwap should launch QuickPerps: Falkor, including details surrounding volume mining rewards, fee split, and a grant from Orderly to QuickSwap. Deploying this new decentralised Perpetual Exchange would be a game-changer and put QuickSwap in a greater position as one of the leading leverage trading solutions on Polygon PoS and other networks in the future.

TL;DR:

• QuickSwap has already seen major success from the launch of QuickPerps, its decentralised perpetual exchange built on Polygon zkEVM Beta, in 2023
• Polygon’s growing ecosystem offers a ripe opportunity to deploy a more multichain friendly solution for leverage trading to provide users with a more CEX-like experience from a UI/UX and efficiency perspective when it comes to trading costs, scalability, and liquidity
• Falkor is the next generation of leverage trading on QuickSwap - powered by an integration with Orderly Network, this new decentralised Perpetual Exchange would launch on Polygon PoS and allow users to deposit funds into a vault where that can seamlessly leverage trade (up to 20x) with zero-gas trades via an orderbook model
• For this proposal, the dragon community will be deciding if QuickSwap should launch Falkor while also aligning on the details of the volume mining rewards, fee split, and grant
• To begin, the governance discussion on the official QuickSwap Reddit will run until Sunday, March 10 at 1:30 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run from Sunday, March 10 at 1:30 PM UTC until Thursday, March 14 at 1:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Multichain, Zero-Gas Perps Trading on Polygon PoS

Falkor is the next iteration of QuickSwap’s decentralised perpetual exchange, which will initially be available on Polygon PoS, but eventually can be launched on all QuickSwap Citadels.

Orderly Network provides powerful trading infrastructure, a robust liquidity layer, and high composability for perpetual future orderbooks, all through a seamless plug-and-play model.

Their integration would create a Polygon PoS vault, where users can connect to QuickSwap and deposit their tokens into this vault, leveraging the chain’s extremely small transaction fees, scalability, and liquidity.

No bridging is required, meaning a smoother user experience coupled with much higher security, all taking place on-chain with the benefits of self-custody of their tokens.

Once the funds are deposited into the vault, they would then be made available on Orderly Network where they can trade perpetual swaps (leverage trading) with up to 20x leverage.

When a user has finished trading and wants to withdraw their funds, they can do so to any supported chain. That means that even if a user deposited their tokens into the Polygon PoS vault via QuickSwap, those tokens can be withdrawn to a different supported network.

One of the most exciting features that Falkor will bring to the table is an enhanced UI/UX via an orderbook, which will give users a CEX-like perps experience but in a completely decentralised way.

In addition to the main available tokens for leverage trading (MATIC, BTC, ETH), Falkor will also support up to 20x leverage trading for the QUICK token on Polygon PoS.

Note that Falkor will not support regular spot trading. 

Agreement Details: Volume Mining Incentives, Fee Split, and Grant

The below details outline the agreement between QuickSwap and Orderly Network. 

If the community votes “Yes” for this governance proposal, the below conditions of the agreement will apply in addition to the launch of Falkor:

• Volume Mining Incentives: After Orderly’s ORDER TGE (Token Generation Event), their trading incentives will go live and they will (at a minimum) match any incentives/rewards that QuickSwap provides in the form of QUICK tokens. Orderly will match all trading incentives 1:1 (and potentially more, to be determined)
• Orderly Fee Split: Orderly will charge a fixed fee at launch, but will move to a tiered system down the line. They will use their portion of the fees to provide all of the liquidity needed for whatever volume that the QuickSwap community brings - this will be done through market makers on their end. This means that the QuickSwap community will not need to worry about attracting any liquidity, which is a great benefit and will allow the QuickSwap to focus purely on what matters most - volume and revenue
• QuickSwap Fee Split: QuickSwap will charge custom fees which can be adjusted and optimized based on factors like the level of competition on Polygon PoS over time. Of the fees collected by QuickSwap, 70% will go to QUICK stakers and/or QUICK burns (to be decided by the community in this vote), and 30% will go to the QuickSwap Foundation - see below for more details and options regarding the proposed fee split
• Grant: Orderly Network will be providing a grant to the QuickSwap Foundation to be used for development, maintenance, marketing, and other costs pertaining to the Falkor integration. The Foundation has received permission from Orderly to give 50% of this grant to the QuickSwap community. If QuickSwap is able to achieve certain metrics, Orderly will increase the grant amount as these milestones are hit

At launch (before Orderly TGE), Orderly will charge a flat 3bps fee and QuickSwap will be able to pick any fee to add on top - it will most likely be 3bps) to start, but can be optimised:

• Regular Tier: (Under 300m 30d volume), 3bps taker / 0bps maker
• VIP 1: (>=300m <1bn 30d volume), 2.5bps taker / 0bps maker
• VIP 2: (>= 1bn <2bn 30d volume), 2.25bps taker / 0bps maker
• VIP 3: (>=2bn 30d volume), 2bps taker / 0bps maker

When the community moves to the voting stage for this governance proposal, the options listed (if selected during the vote) will imply a “Yes” to launching Falkor and focus specifically on what QuickSwap’s portion of the fee split should be.

The options will be as follows:

1. 70% DL, 30% Foundation
2. 70% Burn, 30% Foundation
3. 35% DL, 35% Burn, 30% Foundation
4. Do not launch Falkor

During the discussion phase, the QuickSwap community can voice their opinions on this fee split via the Reddit and/or Discord forums, which can be revised prior to the vote going live if there is a strong consensus for an alternative proposed breakdown.

With all of these benefits for the QuickSwap DragonFi community, Falkor will help solidify QuickSwap as a leading Perpetuals exchange. This will bring a whole new source of volume and revenue to the QuickSwap community. 

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap went live with Bonds on Polygon in October 2023, an innovative product allowing LPs to receive vested project tokens at a discount while allowing those same projects to receive protocol-owned liquidity. 

Since launch, there have been 3,370+ Bond sales that continue to grow. Current projects offering Bonds on QuickSwap include Borderless Money, Forest Knight, Gensokishi Online, BlockWallet, Planet IX, Bullieverse, 3A DAO, WeFi, and FireBot DAO.

As the product continues to innovate and more projects are added and continue offering Bonds, revenue will generate for the DEX. This revenue is split between QuickSwap and ApeBond - the question is, moving forward, where should QuickSwap’s portion of the revenue be distributed to? 

This proposal has been introduced for the dragon community to decide if 100% of the revenue generated from QuickSwap Bonds should go to the Dragon’s Lair for QUICK stakers or be burned.

TL;DR:

• QuickSwap Bonds have seen strong growth since launch, hitting 3,370+ in total sales with over 15 projects already participating
• With projects continuing to offer Bonds and new ones potentially on the way, adoption and demand continue to rise
• QuickSwap generates revenue in fees from the Bonds (ApeBond also receives a cut)
• Through this proposal, the dragon community will decide if 100% of QuickSwap’s Bonds revenue will go to the Dragon’s Lair for QUICK stakers or be burned
• To begin, the governance discussion on the official QuickSwap Reddit will run until Friday, February 16 at 1:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Tuesday, February 20 at 1:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What Will the Community Decide?

Note that this proposal is only addressing how QuickSwap’s revenue from the Bonds should be handled. To reiterate, the community needs to decide if 100% of this revenue should:

• Go to the Dragon’s Lair to QUICK stakers
• Be burned

Regardless of what is decided, this decision will ultimately benefit the community as a whole. The goal of the Bonds product is to support participating projects and grow liquidity.

If the dragon community feels that this needs more discussion and the revenue should be allocated in a different way, they can vote accordingly when the vote is live.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

LPs (Liquidity Providers) are an essential component to QuickSwap’s dragon community, providing much-needed liquidity to help sustain and drive the DEX’s TVL (Total Value Locked).

But the process of LPing is complex and factors in many different variables, sometimes making it challenging for users to manage. 

Poolfish, a platform helping users locate attractive V3 pools and calculate fees/rewards, offers a powerful solution to make the LP process much simpler and more manageable. 

The Poolfish Team has written this proposal to the QuickSwap community to discuss and vote on whether QuickSwap should give Poolfish a grant to build a custom concentrated liquidity calculator for QuickSwap and add the DEX as an option to their site.

TL;DR:

• LPing can often be a challenging endeavor, as there are many different variables, strategies, and rewards to consider when selecting across V3 token pairs
• Poolfish is a platform that helps users find V3 pools, along with associated fees and rewards, that can potentially be attractive to provide liquidity to
• This proposal has been written by their team, where they are asking the dragon community if QuickSwap should give Poolish a grant to build a custom concentrated liquidity calculator for QuickSwap
• The total cost (grant amount) for Poolfish to build this product/tool would be $5,000 USD
• To begin, the governance discussion on the official QuickSwap Reddit will run until Sunday, January 21 at 1:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will run until Friday, January 26 at 1:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

What is Poolfish?

Poolfish is the place to find V3 pools and helps LPs make decisions about what ranges they should provide liquidity to. Poolfish has a calculator that allows you to estimate LP fees for different V3 pools. 

They use historic data and the user’s inputs to make these estimations, while also offering a pool explorer where users can find pooling opportunities.

Poolfish gets ~150K page views and 35k unique users per month, and many of these users would see QuickSwap pools if we were to be added through this vote.

Custom Concentrated Liquidity Calculator for QuickSwap

For this proposal, Poolfish would build and maintain a QuickSwap calculator to add to the site.

The Poolfish calculator would pull real time data from QuickSwap pools to allow LPs to calculate how much they could make from providing liquidity in different pools. Poolfish allows LPs to test the different ranges that they could add liquidity at and get an idea of what fees they could make.

As well as the calculator, Poolfish would add QuickSwap to their pool explorer where users would be able to find and search through LP opportunities.

QuickSwap supports dynamic fees for many of it’s pools on some chains. For this proposal, Poolfish would build out handling the dynamic fees to be able to estimate accurate fees.

Providing concentrated liquidity can be more complex for LPs - therefore, adding this calculator and pool explorer would give a better experience for QuickSwap LPs to better provide liquidity.

The cost for Poolfish to build this product would be a one time $5,000 USD.

Why is this Proposal Valuable for QuickSwap?

This proposal would get QuickSwap in front of pro liquidity providers and therefore help grow TVL. As mentioned above, Poolfish receives about 150K page views and 37K unique LPs every month that use the free tools. 

A majority of these are pro Uniswap and PancakeSwap LPs - this opens up the door for more visibility for QuickSwap and will greatly enhance the user experience for Quickswap LPs, allowing them to make better and more calculated decisions when providing liquidity.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap is always looking to provide the best opportunities for LPs (Liquidity Providers) on the DEX. Previously, QuickSwap operated using a dynamic fee model on its V3 but is now looking to introduce more flexible models to stay on par with other leading DEXs (decentralised exchanges).

In October 2023, QuickSwap introduced multiple fee tiers for V3 on Polygon zkEVM and Manta Pacific that now allow LPs to distribute their funds across different price ranges in addition to the dynamic fee model (0.01%, 0.05%, 0.3%, and 1%) for higher capital efficiency and greater flexibility.

These are industry-leading contracts that give LPs more options with their liquidity and create greater efficiency across the board. Currently, this feature is only available on Polygon zkEVM and Manta Pacific - and with QuickSwap looking to deploy on several new chains over the coming months and years, having these multiple-tier V3 contracts will serve as a strong addition and value-add to attract more LPs to these networks.

QuickSwap is looking to begin implementing fees that will go to the DEX for usage of the multiple fee tier Uni V3 contracts on any current (Polygon zkEVM/Manta Pacific) and future chains, introducing another revenue source for LPs, the Dragon’s Lair, and the Foundation to increase rewards for the users/community and improve sustainability for the entire ecosystem. 

The type of contracts launched will be voted on a per-chain basis. On some chains QuickSwap will launch Algebra contracts, others it will launch UniSwap V3 contracts, and on some chains the community may even launch both such as on Polygon zkEVM.

This proposal has been put forward for the QuickSwap community to decide if the fee split should be 90% for LPs, 7% for Dragon’s Lair, and 3% for the Foundation for multiple fee tier V3 contracts on the DEX, which (if agreed upon) will apply to any existing and future chains with these contracts - more information on the specific proposed breakdown can be found in section 2 below. Algebra fees will remain unchanged.

TL;DR:

• QuickSwap recently enabled multiple fee tiers for V3 on Polygon zkEVM, letting LPs on the DEX select between various price ranges that give them greater capital efficiency and more potential to earn higher rewards
• In addition, this is appealing to some funds who have mandates around using only unmodified Uni V3 contracts as in these cases Uni v3 contracts will be provided as an option for pool creators
• This results in larger revenue for both the Dragon’s Lair and QuickSwap Foundation as Algebra would not receive a cut when these contracts are used
• With the QuickSwap DEX aiming to launch on new chains, these industry-leading V3 contracts are an essential component to give LPs more incentive to deploy liquidity on these new networks while also diversifying QuickSwap’s product offerings
• This proposal is for 90% to LPs, 7% to Dragon’s Lair, and 3% to the Foundation, on fees generated from these V3 contracts on any existing and new (future) chains - see more information in the section below on the proposed breakdown
• To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, January 15 at 4:00 PM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Saturday, January 20 at 4:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Multiple Fee Tiers on V3: Benefit for New Chains

As previously mentioned, deploying these V3 contracts that enable multiple fee tiers broadens the horizon for LPs on the DEX.

They also make the QuickSwap DEX more versatile when it comes to features for LPs and allow them to manually select different options for providing liquidity, also letting them earn higher potential rewards depending on their preference and risk tolerance.

It’s important to note that the fees for the Algebra dynamic fee model will remain unchanged - this proposal is specifically a vote for the community to decide what the DEX fee split should be for the specific multiple fee tier structure Uni V3 contracts that will be live on certain chains based on per-chain community votes.

Proposed Fee Split

The proposed fee split is as follows for multiple fee tier Uni V3 contracts on existing and new chains:

• 90% to LPs (liquidity providers)
• 7% to the Dragon’s Lair
• 3% to the Foundation

As mentioned in the TLDR section, this would benefit both Dragon’s Lair stakers and The QuickSwap Foundation, as both would receive larger revenue where these contracts are used than when the alternative Algebra contracts are used.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

The DragonFi 2.0 saga continues to heat up into 2024. 

With the first pillar being revealed last month and suspense quickly building, the moment has come to dive straight into the second pillar: Revenue Streams.

Since its inception, QuickSwap has been a behemoth DEX that has withstood the test of time. 

Not only did QuickSwap thrive throughout the last bull market but it also displayed great strength and resilience throughout the recent bear market, the longest in crypto history.

This can be primarily attributed to the various DeFi products and protocols that provide revenue inflows for the DEX, where a portion is also distributed to the community as rewards - better yet, they’re continuing to grow as the DragonFi ecosystem deploys new Citadels across Polygon CDK chains.

In fact, QuickSwap offers some of the best rewards across the entire Polygon CDK family while also remaining highly sustainable, a win-win that contributes to the ecosystem’s longevity.

Pillar 2: Revenue Streams - A Birds Eye View

The below graphic provides a high-level glimpse so users can truly understand the vast array of revenue sources across QuickSwap’s DragonFi ecosystem.

Throughout this article, the individual revenue sources will be broken down across each chain in greater detail to give a comprehensive picture of how extensive each of them is and how they benefit both the DEX and overarching dragon community.

Keep in mind that these are current revenue sources - since QuickSwap continues to innovate and expand its DragonFi ecosystem, especially with future Citadels slated for deployment, there’s an unlimited realm of possibilities for more drivers to bring in protocol revenue.

Let’s jump in.

Polygon PoS

QuickSwap has led the charge in terms of on-chain stats and activity on Polygon PoS since the very beginning, reaching over $1 billion in TVL and $60+ billion in lifetime trading volume. 

As a direct result of the DEX’s growth and success on Polygon’s main chain, it is also its largest revenue source.

Here’s a quick breakdown:

• DEX Fees: V3 and V2 swap and LP fees from on-chain activity
• Liquidity Hub: Directs/routes a user’s trade to the best price. If the trade goes through V2, it takes a 0.2% fee - if the trade goes through V3, there is a dynamic fee 
• Solvers: Generates a dynamic fee between 0.1% and 1% depending on where the next base trade occurs (factors in the best possible execution price for the user, inclusive of the fee)
• CLOB DEX: Revenue will be based on trading fees when the product goes live, with more potential revenue streams being implemented in the future (TBD)
• Bonds: QuickSwap receives a small fee for setting up each project’s Bond on the frontend and backend
• ALMs: Revenue is generated from Gamma, Steer Protocol, DeFiEdge, and ICHI fees

Another key item is QUICK token staking - although this does not generate additional revenue for QuickSwap, a portion of the protocol’s revenue goes to the Dragon’s Lair which is then distributed to the community of QUICK stakers.

Polygon zkEVM

Also deploying on Polygon zkEVM in March 2023, QuickSwap’s various products and integrations have also driven revenue generation on this promising network.

• DEX Fees: V3 swap and LP fees generated from on-chain activity
• QuickPerps: QLP pool generates perpetual swap trading fees
• ALMs: Revenue is generated from Gamma fees

Other Polygon CDK Chains

QuickSwap has been consistently deploying on new Citadels to continue its Polygon CDK chain dominance. More governance proposals will be introduced in the future - meaning more potential chain expansion and a higher number of revenue streams.

So far, QuickSwap has launched on the following Polygon CDK chains:

• Manta Pacific: Revenue generated on DEX fees - V3 from trading fees for swaps, liquidity provider fees, and fees generated from Steer Protocol ALM (Automated Liquidity Management) farms - perps maybe coming soon
• Immutable zkEVM, X1 (OKX) Network, Astar ZKEVM: All 3 of these chains are in testnet phase and yet to launch on mainnet - when they go live on mainnet, potential revenue sources will include DEX fees (V3/V2), ALM fees, perpetual swap fees, and more
• Dogechain: Current revenue streams include V3 and V2 swap/liquidity provider fees, A[51] ALM farms, and DogeDragon (DD) token LP fee buyback in 50% QUICK and 50% DD. Their recent governance vote to move to zkEVM recently passed, meaning the shibes are coming to the Polygon CDK family

Other Revenue Sources

Outside of the main Citadels that make up QuickSwap’s Polygon-based DeFi hub, below are additional revenue streams within the DragonFi ecosystem:

• Kava (Kinetix) Token Supply Airdrop: 1% of the KFI token supply will be distributed to the QuickSwap community after TGE
• Decentralised Advertisements: QuickSwap displays advertisements across certain parts of the website which generate revenue from clicks

QuickSwap: A Force to be Reckoned With

With such a diverse range of revenue streams that continue to expand, QuickSwap’s ability to continue to sustain itself and distribute rewards to the community is a testament to its success.

And it doesn’t stop there. As QuickSwap launches new Citadels and keeps innovating, the door widens to add even more revenue sources and opportunities that will benefit both the DEX and community.

That’s a wrap for Pillar 2 of DragonFi 2.0. Stay tuned for the third pillar - the fire is coming.

Say goodbye to the old days of separately providing liquidity and farming. QuickSwap is all about innovation, and the DEX’s UI/UX has just gotten a massive upgrade for LPs.

QuickSwap has implemented its new Merkl tree integration, taking V3 LPing and farming to a whole new level on Polygon.

Easier process. Greater efficiency. Seamless experience.

Available for all supported ALM (Automated Liquidity Management) V3 farms on Polygon PoS.

Learn more about what it means for the DEX and community below.

1-Click LP & Farm

Merkl is a platform that lets LPs on concentrated liquidity pools receive flexible token rewards from projects that incentivise liquidity. Check them out at https://merkl.xyz/.

So far, QuickSwap has integrated Gamma, Steer Protocol, Ichi, and DeFiEdge V3 ALM farms, which are a more capital-efficient way to provide liquidity and farm, keeping a user’s liquidity in range, auto-compounding rewards, and much more.

With QuickSwap’s Merkl tree integration, users can LP and farm in 1 click instead of going through the previous 2–step process: providing liquidity to a token pair and then separately staking those LP tokens in a few to earn the additional farming rewards.

Now, once a user provides liquidity to a token pair on V3 that is supported by one of the 4 ALM farms (mentioned above), their liquidity position starts earning LP rewards in addition to the extra farming rewards. 

LP and farming made easy!

Mechanics

So how exactly does the Merkl tree integration work, and why is it so much more efficient?

Merkl’s system and technology has the ability to automatically read every user’s on-chain LP position. By doing so, it can evaluate which users have qualified to receive a piece of the farming rewards pie before distribution.

All emissions (LP and farm rewards) are pooled together through Merkl’s new farming method, also allowing the ALM providers to access additional token rewards and more seamlessly create custom strategies for supported tokens.

Not only does the Merkl tree integration for ALM farms benefit the community with an easier process but also improves the efficiency for rewards management and distribution for the DEX and ALM farms.

A win-win!

ALMs (Automated Liquidity Managers)

Below is a list of the currently supported ALMs where you can LP and farm using the new Merkl tree integration:

Gamma

A protocol for active liquidity management and market making strategies. They manage liquidity of leading DeFi and Web3 protocols using tailor-made strategies, which aim to maximise capital efficiency, reduce the cost of emissions, or maintain consistent in-range liquidity with low price impact.

DeFiEdge

DefiEdge is the most innovative solution to deploy liquidity and optimise yields on concentrated DEXs. They create a non-custodial, permissionless layer over concentrated liquidity AMMs, enabling seamless liquidity deployment with efficient management tools.

In-built limit orders and support for multiple ranges (up to 20) expand the management capabilities of strategy managers so that they may use their entire repertoire of market understanding to manage liquidity.

They also provide an easy interface for liquidity providers and strategy managers to monitor their token positions in real time from their intuitive UI. Built-in liquidity mining rewards and automatic integration with Merkl protocols make incentivising liquidity on selected pools quick and easy.

Steer Protocol

Steer Protocol distinguishes itself through its innovative off-chain compute protocol, seamlessly integrating off-chain and on-chain data to propel its advanced liquidity automation. It excels in managing over 780 liquidity strategies and supports more than 250+ assets, offering LPs superior fees with some of the highest APRs in the industry. 

A distinctive feature of Steer Protocol is the ability for users to quickly create Smart Pools permissionlessly. This capability is coupled with access to the largest library of data-driven algorithmic LP strategies and a customizable SDK for strategy development. Additionally, Steer Protocol is the only platform offering strategists a share of generated fees from pools using their strategies. 

With its ability to support a vast range of assets across 17 chains and over 90% of concentrated liquidity AMMs, Steer Protocol is a leader in providing adaptable, efficient, and secure liquidity solutions. For further details, visit https://steer.finance. 

ICHI

ICHI's Yield IQ vault technology introduces efficient and profitable liquidity provision on QuickSwap, operating on the principle of dynamic liquidity management. 

ICHI's algorithm ensures optimal token concentration, mitigating risks and offering LPs protection from significant losses during market fluctuations. This is all single-sided, so users only need to deposit one side of the pair to earn more of their favorite token. 

How Can I Get Started?

Getting started is easy - make sure to follow the steps below to LP, farm, and earn rewards on QuickSwap!

1. Go to https://quickswap.exchange/#/pools and connect your Web3 wallet - make sure the network is switched to Polygon PoS (Proof of Stake)

2. Supply liquidity by selecting two tokens from the dropdown menu and choose your desired range. To see which LP token pairs are eligible for farms, you can check https://quickswap.exchange/#/farm. 

To be eligible to earn farming rewards from a supported ALM farm (in addition to LP rewards), the different ALM strategies will appear with the range options (narrow/wide) and total APR displayed. Choose the one you want and finish depositing the token pair.

3. You’re all set! You’ll immediately begin earning LP and farming rewards on your liquidity position. Go to the “My Pools” section on the top right of the Pools tab to check your portfolio.

You can also go back to the "Farms" tab and view all of the different ALM strategies and rewards for each eligible token pair.

Happy LPing and farming, dragons!

Unstake from Old/Legacy Farms

If you're still staking your LP tokens/farming in the old pools and want to use your liquidity to LP with the new Merkl integration, you'll want to unstake your liquidity to do so.

Head over to https://quickswap.exchange/#/pools/, find your token pair, and unstake.

If you're still providing liquiity to legacy pools (around 2021 or before), go to https://legacy.quickswap.exchange/#/archive, connect your wallet to the Polygon network, and simply unstake your LP from the pool under the "Old Pools" section.

Once you're all set, follow the tutorial above to LP with the new Merkl tree integration!

2023 has been a blockbuster year for QuickSwap and the Polygon ecosystem.

Pioneering innovation. Groundbreaking tech and integrations. Exciting and engaging community initiatives. Sustained growth. DeFi engineering on Polygon at its finest.

All these things come to mind when fully grasping what QuickSwap accomplished in 2023, maximising the DEX’s potential by building out the DragonFi ecosystem to what it is today.

Let’s look at the major highlights for QuickSwap in 2023 and celebrate what an amazing year it’s been!

On-Chain Stats

Throughout 2023, QuickSwap continued to dominate the Polygon landscape by developing and integrating next-gen technology, deploying on new chains, and much more.

Here are some of the key stats on the DEX across the currently available chains:

Polygon PoS

• Total Volume: $12B+
• Peak TVL: $184M
• Fees Generated: $10.7M
• Trade Count: 20M

Polygon zkEVM

• Total Volume: $115M+
• Peak TVL: $11.15M

QuickPerps (Polygon zkEVM)

• Total Volume: $118M+
• Fees Generated: $256K
• Peak QLP TVL: $10.4M
• Total Users: ~12K

Manta Pacific

• Total Volume: $60M+
• Peak TVL: $20M

Q1 2023 (January - March)

• Integrated Unstoppable Domains to allow users to log in to QuickSwap through their domain name
• Enabled Gamma V3 farms on Polygon PoS, allowing users to participate in farms with active liquidity management so their liquidity doesn’t fall out of range and earn auto-compounding rewards
• Integrated Brave Wallet on the DEX’s user interface, adding another top-tier wallet to the collection and merging the Brave and dragon communities
• Went live on Polygon zkEVM mainnet beta and became the #1 DEX in TVL and volume, along with launching multiple campaigns with Layer3 and Galxe to increase adoption
• New QUICK was listed on Huobi Global, allowing users to trade between the QUICK/USDT pair
• Cross-chain swaps went live across 25 blockchain networks through QuickSwap via an integration with Axelar and Squid
• Episode 1 of the All Roads Leads to Polygon X (Twitter) spaces took place on March 9, kicking off the weekly series and featuring top guests like Sandeep Nailwal, Polygon Labs, Animoca Brands, Aavegotchi, Dogechain, Floki Inu, and more!
• Roc Zacharias and Sameep Sanghania from the QuickSwap community spoke at ETHDubai in mid-march
• QuickSwap launched its upgraded and sleek Dogechain UI/UX, making it smoother and easier than ever to take part in DogeFi on the network

Q2 2023 (April - June)

• QuickSwap’s Gaming Hub received some new features on the UI/UX thanks to the support of VersaGames - many new Polygon games were also added throughout the quarter and year
• QuickPerps went live, a decentralised perpetual exchange built on Polygon zkEVM. It was a major addition to the DragonFi ecosystem and allows users to trade with up to 50x leverage on popular blue chip assets as well as deposit liquidity into the QLP pool to earn rewards (built with the support of Gravity Finance and Metavault)
• Integrated with Orbs Network’s dTWAP protocol to enable dTWAP and limit orders on QuickSwap, meaning reduced price impact and less volatility on trades for users
• Added Phantom to the supported wallet list, a popular Web3 wallet that also features auto-detection for Polygon/Ethereum and automatically adds new & existing tokens for users
• Integrated with ZenGo wallet, a secure Web3 wallet with no seed phrase vunerability and other advanced security features
• Deployed QuickSafe on Polygon zkEVM (QuickSwap’s own interface on Safe) to help secure funds on the chain for users leveraging their decentralised custody and asset management service  
• Integrated Bitget Wallet, an advanced Web3 wallet supporting 90+ blockchain networks with 10M+ users
• Hosted a Twitter spaces in collaboration with Immutable on Web3 gaming, which had over 27,000 participants!
• DWF Labs began trading on QuickSwap to provide liquidity and strengthen the QUICK markets on different exchanges

Q3 2023 (July - September)

• New QUICK listed on Gate.io, Crypto.com, CoinEx Global, BingX, Pionex, MEXC, 
• QuickSwap joined the zkEVM Saga with a mindblowing on-chain campaign for swaps and perps on Polygon zkEVM, hosted by Intract and Polygon
• NEAR Protocol launched a QuickSwap Interactive zkEVM Dashboard, powered by NEAR BOS. This product is a fully on-chain, one-stop dashboard that allows users to discover popular dApps on Polygon zkEVM
• New QUICK listed on Binance with the QUICK/USDT, QUICK/TUSD, QUICK/BTC trading pairs enabled
• New QUICK listed on LBank Exchange, another centralised exchange to support the token migration
• Integrated Crypto.com DeFi wallet, where they added support for QuickSwap on Polygon PoS directly from their native swap tab
• Integrated OKX Web3 Wallet on supported chains, bringing the OKX community to the DEX
• New QUICK listed on Atani Exchange, a multi-exchange broker with over 300,000+ users and 2,000+ tokens
• QuickSwap integrated with Beefy Finance to enable QLP auto-compounding rewards
• A governance vote passed to allow QuickSwap to give Atomica/Protofire a grant to integrate staking protection for QuickPerps
• Added API3 price feeds to power QuickPerps using their decentralised oracle
• ParaSwap’s routing technology was integrated on Polygon zkEVM, allowing users on the DEX to receive the best swap prices
• Launched Liquidity Hub (powered by Orbs Network) a new optimisation layer above the DEX-AMM that aggregates liquidity to give users better execution prices, zero gas swaps, and MEV protection
• Implemented Hexagate’s Web3 security platform to provide the DEX with real-time alerts on exploits threatening Quickswap contracts or governance participants

Q4 2023 (October - December)

• Partnered with Kinetix Finance to help unite Cosmos x Polygon after a governance vote passed, adding a tab for Kava (Kinetix) to the dropdown menu on the website
• Released the QuickSwap Email Newsletter featuring DEX updates, alpha, featured Polygon projects, giveaways and prizes, and more
• Revealed the latest 2023 - 2025 QuickSwap roadmap with the full set of plans for the DragonFi ecosystem
• Native USDC went live on Polygon and was listed on QuickSwap, where a USDC - ETH farm was launched on the DEX
• Introduced Multiple Fee Tier V3 contracts on Polygon zkEVM, allowing LPs to distribute their funds across different price ranges while benefitting from higher capital efficiency
• DUCKIES, END, and BOM were whitelisted on QuickSwap and added to the token list
• METOD was also whitelisted on the QuickSwap DEX, making its way to the token list
• Integrated Quick Lite, powered by dappOS V2, enabling a single unified account to manage all assets and chains, instantly access QuickSwap from other blockchains, and pay low gas fees in any on-chain asset
• QuickSwap launched on the Manta Pacific mainnet, immediately offering massive reward incentives for ecosystem participants and kicking off campaigns tied to a MANTA token airdrop from a grant to the dragon community
• DECATS, SLING, and STONE were whitelisted on QuickSwap and added to the official token list
• Binance Web3 Wallet added support for QUICK and was integrated on QuickSwap, while also including the dragon community as a part of its initial campaign 
• QuickSwap launched on the Astar zkEVM testnet, allowing users to experiment on the network before mainnet launch!
• Masa Finance collaborated with QuickSwap to track overall data analytics and pushed a social campaign live
• Integrated Okto Wallet on Polygon zkEVM and launched a campaign for QLP liquidity providers on the chain
• Integrated Steer Protocol’s V3 farms on Manta Pacific, enabling ALM (Automated Liquidity Management) solutions for LPs on the chain for greater capital efficiency, auto-compounding rewards, and more
• Launched QuickSwap Bonds, a new product and tool on Polygon where users provide liquidity and receive tokens at a discount that vest over time, and projects receive protocol-owned liquidity in return (powered by ApeBond)
• Sameep Sanghania, from the dragon community, attended Polygon Connect India and spoke on a panel. People onsite also got a chance to visit the QuickSwap booth and collect goodies/merch! 
• The first pillar (The Future) of DragonFi 2.0 was released, unlocking the next stages of QuickSwap’s journey and expansion to dominate Polygon CDK and beyond - more to come in 2024
• QuickSwap went live on the X1 (OKX) testnet, a brand new Polygon CDK-powered chain 
• GONE, ASM, RADAR, wUSDM, weETH, SOULS, USDV, GCR, and VRSW were whitelisted on QuickSwap!
• A governance vote passed where the community elected in favor (100% yes) of QuickSwap deploying on Immutable zkEVM, a major step forward for the gaming chain to make its way over to the DragonFi ecosystem
• QuickSwap became an ecosystem partner of Manta New Paradigm, Manta Network’s massive MANTA token airdrop campaign - this is still ongoing and users can take their bridged STONE and/or wUSDM (on Manta Pacific) and farm on QuickSwap’s STONE/wUSDM, STONE/ETH, STONE/ASM, or wUSDM/USDC V3 farms to earn additional yield

Onwards to 2024!

So many amazing developments and progress took place in 2023. Time has flown by, and now is the moment to put the year in the rearview mirror and look ahead to an even brighter future.

Also a major shoutout to the media outlets for their continued support, including DappRadar, Decrypto, Altcoin Daily, Moby Media, BeinCrypto, CoinGape Media, NFT News Today, Blokcstars Tech, and Crypto Magazine!

With DragonFi 2.0 leading the way as the driving narrative for QuickSwap’s ecosystem, 2024 will be more than just continuing to innovate and build… it will be the year of utter domination.

Get ready - it’s time to fly.

QuickSwap is excited to be an ecosystem partner for Manta Network’s New Paradigm campaign, taking place on the Manta Pacific chain as a live Ethereum L2 with native yield for ETH and stablecoins!

The event is ongoing until the end of January 2024 and allows users to earn a future MANTA airdrop and penta yield for their deposited assets on top of that for a limited time.

And to take things a step further, you can earn additional rewards via the QuickSwap DEX by depositing into select Steer Finance V3 farms on Manta Pacific.

Keep reading for a complete guide on how to get started.

1.  Visit the Manta New Paradigm Event Page

The first thing to start your journey - look on X (Twitter) for a fresh invite code by searching with the hashtag #MantaNewParadigm on the platform.

Once you have the invite code, navigate to https://newparadigm.manta.network/ and enter it when prompted. Next, connect your Twitter and Web3 wallet (make sure your network is switched to the Ethereum mainnet).

2.  Bridge ETH and/or USDC to Manta Pacific

Now that you’ve signed up, you’ll be redirected to begin bridging. Again, make sure your wallet is connected to the Ethereum mainnet first and that you’ve added the Manta Pacific chain RPC to your wallet.

Users who bridge ETH will receive STONE (Ethereum-pegged asset), and users who bridge USDC will receive wUSDM (Treasury-backed stablecoin) on Manta Pacific. If you choose to bridge ETH, you should receive your STONE immediately - however, if you bridge USDC, you’ll need to wait around 24 hours to receive your wUSDM.

You’ll immediately begin earning Lucky Boxes once you’ve bridged, which will be your key to earning rewards for the airdrop. The more you deposit and amount of team members you invite, the higher your potential rewards can be at the end of the campaign - so many ways to win!

3.  Earn Extra Rewards on QuickSwap

As an ecosystem partner for Manta New Paradigm, QuickSwap has deployed on Manta Pacific and has select farm pairs where users can earn additional rewards on their bridged STONE and wUSDM!

First, go to https://quickswap.exchange/#/pools and provide liquidity with your STONE, wUSDM, and/or ASM (AsMatch) tokens.

Then head over to https://quickswap.exchange/#/farm and ensure your Web3 wallet is connected to Manta Pacific.

From there, you can choose between the following 3 Steer Finance V3 farms (Smart Pools):

• STONE/WETH
• STONE/wUSDM
• STONE/ASM

You'll now start earning extra rewards as part of Manta New Paradigm, plus your rewards will be auto-compounded (with liquidity kept in range) thanks to Steer Finance’s awesome tech!

Unlock Rewards with QuickSwap!

Remember that the more ETH or USDC you bridge for Manta New Paradigm (until December 31, 2023), the more potential rewards you can earn during the MANTA token airdrop!

After you’ve bridged, parking your STONE and wUSDM on QuickSwap’s Steer V3 farms will allow users to maximise yield on these bridged tokens during this campaign.

Don’t forget to check out everything else QuickSwap has to offer on Manta Pacific!

QuickSwap is evolving to become even more of a behemoth DEX across the Polygon ecosystem, launching on new chains in a fast and furious fashion. 

With Polygon zkEVM and Manta Pacific already live, plus Astar zkEVM mainnet and other network deployments on the horizon, the DragonFi 2.0 ecosystem is starting to come alive - and quickly. 

One specific area where QuickSwap has been gaining momentum is gaming. Since the launch of the Gaming Hub, in collaboration with VersaGames, users have been able to come to QuickSwap for more than just DeFi with a one-stop shop for some of the most popular Polygon ecosystem games.

News flash - QuickSwap is looking to further tap into the multi-billion dollar blockchain gaming industry and sector. That’s where Immutable comes in, a massive gaming project and ecosystem looking to revolutionise the Web3 gaming sector and bring adoption to the masses.

Immutable zkEVM is a gaming chain built on Ethereum (Layer 2 ZK-rollup in partnership with Polygon) that enables a smooth and powerful UI/UX for gamers and lets game developers handle massive player bases and complex gameplay mechanics coupled with state-of-the-art performance, fast transaction speeds, and low-cost transactions.

The network currently has 1+ million gamers within its ecosystem and $2 billion in investor funding for games building on its network.

For this proposal, the dragon community needs to discuss and vote on whether QuickSwap should launch on the Immutable zkEVM mainnet, which would bring this exciting and innovative gaming chain/ecosystem to the DEX.

TL;DR:

• QuickSwap is continuing its journey to multichain expansion at rapid speeds, already launching on 3 new chains in 2023
• Blockchain gaming is expected to grow to a nearly $1 trillion industry by 2032 and is anticipated to be a key sector to the growth of the overall digital asset market in the short to medium term - QuickSwap is looking to capitalise on this potential growth
• Immutable zkEVM is a next-gen gaming chain built on Ethereum that serves as a Layer 2 ZK-rollup, powered by Polygon tech. It offers game developers the tools they need to develop innovative and scalable, secure, and advanced games
• In this proposal, the QuickSwap community will need to decide if the DEX should deploy on Immutable zkEVM mainnet 
• No objections are anticipated  to deploying on Immutable zkEVM
• To begin, the governance discussion on the official QuickSwap Reddit will run until Friday, December 22 at 1:30 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Monday, December 25 at 1:30 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

Immutable zkEVM: The Gaming Chain of the Future, Powered by Polygon Tech

What makes Immutable zkEVM unique? The chain is specifically built for games that provides EVM compatibility, low transaction costs, immense scalability, and next-gen technology to power the next generation of Web3 gaming within its massive ecosystem.

Developers who build on the chain are well equipped with specialized tools and resources to create more advanced games and gameplay, such as custom smart contracts, in-game economies, and on-chain mechanics.

Immutable’s vast suite of products and smart contract templates enable the seamless development of games, plus an unparalleled gaming experience, while also tapping into Polygon’s ever-growing network of games. Users can craft, upgrade, and incorporate NFTs that can be combined with other NFTs, taking NFTs to the next level.

Additionally, developers who build and players who participate in Immutable zkEVM get the benefit of enhanced Ethereum security, interoperability with other Ethereum games, and access to batching and ZK proofs, ensuring far greater scalability, efficiency, and more.

Immutable zkEVM uses EIP-1559 as its congestion mechanism, meaning less spam and a deterministic gas pricing algorithm - IMX is the native token that’s used to pay gas on the network, where transaction costs are extremely low given it’s built on Polygon-based infrastructure. 

Immutable has also introduced several flagship products that are set to be game-changers to projects and gamers participating within its zkEVM ecosystem:

• Passport: Blockchain-based identity and non-custodial wallet system allowing gamers on Immutable zkEVM to interact with the chain and Web3 ecosystem games in one place, taking the gaming experience to the next level while providing a more seamless UI/UX
• Orderbook: Where marketplaces, studios, and creators can boost revenue and liquidity through sharing NFT orders across the largest NFT marketplaces, including attaching fees to orders, enabling custom marketplace experiences to be deployed directly within your own game, and more
• Checkout: All-in-one payment solution that fully manages the checkout process for a game or marketplace built on Immutable. Projects can provide access to users for them to add tokens, leverage different payment methods, seamlessly trade digital assets, and more

With the testnet live for a few months now, many leading gaming projects are already building on Immutable zkEVM, including MetalCore, Shardbound, Galaxy Commanders, Medieval Empires, Meta Toy DragonZ SAGA, and more. Immutable’s ecosystem partners include the likes of Gamestop, AtomicHub, and others.‍

QuickSwap x Immutable: Powering the Future of Web3 Gaming

If QuickSwap were to launch on Immutable zkEVM, it would mark the beginning of even greater potential to be unlocked for both ecosystems and a major leap forward for Web3.

Immutable is a leader in the Web3 gaming industry and has been making significant headway in terms of its tech development (including Polygon infrastructure adoption), partnerships, funding, and much more.

QuickSwap users will be able to enjoy their favorite DeFi features like swapping, LPing, and farming through the QuickSwap integration on Immutable zkEVM, leveraging Immutable’s powerful product suite on Immutable zkEVM, all in one place.

Excited for what’s to come? This is only the beginning… 

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

With QuickSwap’s DragonFi 2.0 initiative kicking off this week and setting the stage for what’s to come for the DEX and ecosystem’s future, Polygon CDK chain deployment is at the top of the priority list to make this vision a reality.

In 2023, QuickSwap DEX has gone live on Polygon zkEVM, Manta Pacific, and Astar zkEVM’s testnet. And there are plans to not only continue but rapidly pick up this momentum leading into 2024.

Now it’s time to introduce the next proposed step in chain expansion. QuickSwap and OKX, the 2nd largest CEX with over $2.8 billion in daily volume and 25 million monthly visitors (as of December 12, 2023), have built a strong relationship with one another over the past few months and years through campaigns and other initiatives.

OKX recently launched the testnet for X1, their new ZK-powered Layer 2 and EVM-compatible chain that bridges the gap between the OKX and Ethereum communities. Built with the powerful Polygon CDK tech stack, OKX has dived straight into the Polygon ecosystem with a splash.

This proposal has been introduced for the dragon community to decide if QuickSwap should launch on the testnet of X1, OKX’s Layer2 chain built with Polygon CDK. QuickSwap deploying on X1 would mark a huge opportunity to further unite the OKX and Polygon ecosystems while making the DEX a first mover on the chain to spark adoption. 

If the community votes in favor of this proposal, QuickSwap would first launch on the testnet in 2023 and would have another vote down the line for mainnet.

TL;DR

• QuickSwap is aiming to continue to push and fulfill the DragonFi 2.0 narrative to become a leader on Polygon CDK chains
• OKX has launched X1, a new ZK-powered Layer 2 and EVM-compatible chain that offers high scalability, low transaction costs, and instant finality. The network is designed to merge the OKX and Polygon ecosystems
• This proposal is for the QuickSwap community to decide if the community should launch its Uni V3 multi-fee tier contracts on X1 (testnet first in 2023, mainnet is estimated to come in early 2024), which would make it the first DEX to deploy on the chain and may open up many more potential future initiatives, collaborations, and opportunities with OKX (this could also help push OKX over the edge to list New QUICK on their CEX)
• If approved, the community would launch Uni V3 contracts to start but could decide to launch Algebra in the future if the community requests - this will result in more revenue to the Dragon’s Lair and Foundation because no fee would be paid to Algebra
• The fee structure will be voted upon in a broader future vote next week
• To begin, the governance discussion on the official QuickSwap Reddit will run until Saturday, December 16 at 4:00 AM UTC
• Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Monday, December 18 at 4:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members

About X1

X1 is a ZK-powered Layer 2 network created by OKX and powered by Polygon CDK. The chain uses OKB as the native token, where users can move value across both the OKX platform and X1 chain with ease.

The purpose of the chain is to serve as a portal to connect OKX products, users, and tokens to the Web3 space and Polygon/Ethereum ecosystems. You can view this similar to Binance’s Binance Smart Chain, and Coinbase’s Base chain! 

It’s also developer-friendly to allow people to more seamlessly build in the Web3 space, equipped with strong infrastructure models for dApp creation.

Here are some of the other core features that X1 brings to the table:

• Polygon CDK Tech Stack: Leveraging Polygon CDK, X1 offers near-instant finality, unified liquidity, and independent data availability
• Secure and Scalable: Developers can deploy any EVM smart contracts and bring assets from OKX, Ethereum, and compatible chains aboard X1, all with high security and scalability
• Uniting OKX and Polygon: Both ecosystems are contributing to the development of Polygon CDK, inspiring more innovation, collaboration, and technology adoption
• Low Tx Costs: X1 uses zkSNARK which helps make transactions more compact and far cheaper
• Interoperability with other L2s: When Polygon’s LxLy bridge is fully activated, OKX will be able to bridge trustlessly between Ethereum and all other L2s in the Polygon CDK ecosystem such as Polygon ZKEVM, Polygon Validium, Dogechain, Immutable ZKEVM, Manta, Astar zkEVM, and all other chains which join the CDK ecosystem!

OKX has 50 million users and billions of assets on its centralised exchange platform. The potential for X1 to become one of the leading Layer 2 chains is massive, and QuickSwap has an opportunity to immediately tap into its community, ecosystem, and other resources.

OKX Liquidity Mining Incentives & Grant

• OKX has not finalised all details for their grants, liquidity mining, or airdrop incentives, but has assured the community that big things will come here, and details should be available well before mainnet launch
• The OKX OK1 team has indicated that they will give very strong support to QuickSwap, as they believe QuickSwap is the heart of the Polygon ecosystem and will bring tons of value in the form of tech and a massive community of Dragons to the OKX ecosystem!
• The first piece of support that they’ve confirmed they will give to the QuickSwap community is that they wil provide $5 million of seeding to QuickSwap’s V3!

QuickSwap and X1: Pushing the Polygon Ecosystem a Step Further

QuickSwap launching on OKX’s X1 chain would be a huge milestone for both ecosystems and advancing the Polygon CDK and DragonFi 2.0 narratives.

Many CEXs have helped provide support and funding for ecosystems on DEXs, such as Coinbase and Base. With QuickSwap launching on X1, the relationship between the DEX could play out to become a similar scenario to the relationship between Binance and PancakeSwap. The OKX team has expressed a strong desire to give the highest level support to the QuickSwap community and DragonFi 2.0 Ecosystem!

With QuickSwap’s diverse set of DeFi products and strong dragon army, alongside OKX’s massive user base and presence in the blockchain space, the DEX has the potential to bring tremendous traction to its X1 chain and kickstart efforts.

Not to mention that QuickSwap deploying and being a first-mover on X1 opens up the doors to many more possibilities with OKX and their team - including a potential token listing, exciting campaigns/quests, liquidity incentives, etc.

It’s up to the community to make it happen!

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

 Hey there, Dragons! These days, it’s just as important to stay up-to-date and in-the-know with QuickSwap as to get familiar with the Polygon 2.0 vision. QuickSwap has been cooking during the entire builder’s market, and now's the time to showcase what’s been in the works – not to mention some major plans for what’s on the way. 

Now is the time to reveal the first pillar outlining the vision for DragonFi 2.0 and how it will unfold over the next few quarters: The Future.

Setting the Stage for DragonFi 2.0

Earlier this summer, Polygon unveiled its ambitious Polygon 2.0 vision for the not-so-distant future, where Polygon will become an expansive network of Layer 2 rollups. 

These L2 rollups are powered by zero-knowledge technology and will function seamlessly and interoperably, providing projects with a versatile development environment using Polygon’s Chain Developer Kit (CDK), while offering users the simplified experience of navigating an entire universe of Polygon chains with unlimited scalability and unified liquidity. 

In addition to its newly launched zkEVM chain, Polygon’s original PoS chain will be transitioned to an ultra-high-performance zkValidium chain, making for Web3’s most potent, well-connected, and robust Layer 2 ecosystem. Meanwhile, Miden, a zkWASM, and the rest of Polygon’s 2.0 architecture are also in the works.

Wild stuff, right?! 

It's a lot to uncover. However, QuickSwap has its own bright vision to boost growth and advance its position as the leading DEX and dominant DeFi force in Polygon 2.0.

Pillar 1 - The Future: Powering Polygon 2.0 with QuickSwap Citadels

QuickSwap has played a key role in driving the adoption of Polygon technologies from the very beginning of Matic Network.

It was the first DeFi protocol to reach $1 billion in daily volume and spurred major growth as a leader in the Polygon summer of 2020 that followed!

Since then, QuickSwap has acted as a first mover again and again, launching its DeFi platform on various chains within the Polygon ecosystem to support their early development and strengthen their communities. 

In addition to Polygon PoS, QuickSwap is live and thriving on:

• Polygon zkEVM
• Dogechain
• Manta Pacific (with $18+ million in TVL just a few weeks after launch)
• Astar zkEVM (Testnet)

As QuickSwap expands to more Polygon EVM chains, it will be increasingly focused on QuickSwap Citadels – unique, integrated, and connected deployments that will serve as fortresses on new chains determined to add value to Polygon 2.0.

Imagine a world where QuickSwap Citadels dominate the DeFi landscape on an infinite number of Polygon chains - a cohesive piece of interoperable & composable infrastructure as well as THE community hub for all of Polygon through Polygon CDK. 

One thing can be said for certain: every new chain that makes Polygon its home (potentially including QuickSwap’s own unique blockchain) will have an opportunity to jump-start its journey on Polygon with the help of the Dragon army! 

QuickSwap's Expansion and Revenue Generation

As QuickSwap Citadels will connect directly with newly arriving Polygon CDK chains, projects, and their communities, the DEX will experience substantial revenue growth. 

While more users flock to the platform to generate volume and liquidity, they will also generate new revenue streams from an unlimited number of powerful Polygon chains. This comes with plans to redistribute revenue to fuel the future growth of the QuickSwap DragonFi ecosystem and return value to the QuickSwap community.

As a decentralised and community-governed DeFi ecosystem, QuickSwap already distributes a significant percentage of platform revenue to QUICK holders staking in the Dragon’s Lair as well as to QUICK burns and The QuickSwap Foundation. The QuickSwap DAO will play an integral role in determining the distribution and deployment of new revenue sources.

Every chain that QuickSwap goes live on brings in more revenue sources and strengthens the Dragons - meaning even greater potential for the DEX and surrounding protocols to thrive.

1 Pillar Down, 6 To Go: Embark on the DragonFi 2.0 Journey

7 pillars make up DragonFi 2.0.

If you made it this far through the blog, you’ve just gotten a fiery taste of the beginning of the DragonFi 2.0 journey with the first pillar.

Over the coming months, QuickSwap will be revealing the remaining 6 pillars to showcase how it will continue dominating as a leading DeFi ecosystem across Polygon 2.0.

It’s time for QuickSwap to turbocharge, so buckle your seatbelts and get ready for the ride.

QuickSwap is excited to announce the launch of a brand new Liquidity Bonds Program in collaboration with ApeBond… more big news for the dragon community!

This program is designed to deepen liquidity on the QuickSwap DEX, introduce creative and effective incentives for LPs, and provide members of the QuickSwap community and beyond with new and exciting ways to earn. 

Check out the product here: https://quickswap.exchange/#/bonds 

Now without further ado, let’s talk deets!

Happy LPs and Protocol-Owned Liquidity

QuickSwap Bonds, powered by ApeBond, allows projects to grow protocol-owned liquidity (POL) by selling tokens at a discount through vesting NFTs in exchange for the users' LP tokens. Raising POL is essential for any DeFi project aiming for sustainability.

So why can this be attractive to users? Users may see a positive Return on Investment (ROI) by acquiring tokens at a discount in exchange for their LPs. The discounts vary depending on token price and demand. Moreover, all Bonds vest linearly over a designated time period, meaning users can claim their tokens as they vest until the end of the vesting term. Keep in mind: the value of the tokens may fluctuate during the vesting period, resulting in a positive or negative ROI.

Bonds are a great product for experienced yield farmers to gain exposure to other Polygon ecosystem projects that participate in QuickSwap’s Bonds program - it’s an opportunity for new users and wallet addresses to enter an ecosystem, allocate capital to liquidity provision, and immediately exchange their LP tokens for a QuickSwap Bond in order to receive discounted tokens to take advantage of potential yields over the vesting period.
Plus, any project providing tokens for a QuickSwap Bond can also attract liquidity for itself while drawing new users and community members - it’s a win-win for everyone!

QuickSwap is always looking to invite more frens to the party, and now is the time!

So What Bonds Can I Purchase?

Many top Polygon ecosystem projects have joined the party and are offering their own QuickSwap Bonds - exciting stuff for dragons!

Below is a list of the current Polygon projects offering bonds on QuickSwap:

• Dogelon Mars
• GensoKishi Online
• Planet IX
• BlockWallet 
• ForestKnight
• Yellow Duckies
• Orbs Network
• Veloce
• Borderless Money
• Bitcone
• Firebot DAO

As time goes on, QuickSwap will be adding more projects into the mix, so make sure to follow the official social media channels for the latest updates!

The Future of Liquidity, Incentives, and Growing the QuickSwap DeFi Suite

One more important note, dragons!

QuickSwap’s Liquidity Bonds Program has been made possible by the voting power of the vibrant and growing QuickSwap community. As per QuickSwap’s July 18 governance proposal, the community voted in favor of expanding use cases for emissions.

Thank you for launching QuickSwap into the future at warp speed - keep fueling the QuickSwap Bond program fire with your flames!

Dragons, it’s time to roar just a bit louder and welcome Steer Protocol’s new ALM (Automated Liquidity Management) V3 farms to QuickSwap on the Manta Pacific chain!

Steer Protocol becomes the third ALM LP/farm management integration strategy on QuickSwap, following Gamma and A[51] (formerly Unipilot), allowing users to automatically keep their liquidity within designated price ranges and earn greater rewards through auto-compounding.

About Steer Protocol ALM Farms

So what’s the big deal with Steer Protocol’s ALM farms? They’re one of the top automated liquidity managing protocols in the industry with many unique features:

• Multi-Position Strategies with Secured Off-chain Compute: Unlike most alternative protocol solutions that limit users to just 2-3 positions, Steer Protocol manages a wide variety of positions simultaneously for ALM at a low gas cost due to off-chain compute. Traders get lower slippage, LPs can earn higher fee returns, and the QuickSwap AMM can receive increased trading volume
• Open to All: QuickSwap and Steer Protocol are fully decentralised, giving any user the ability to create an automated LP position directly on the DEX’s UI/UX
• Liquidity SDK and Backtesting: Since Steer Protocol’s solution has been integrated on the QuickSwap AMM, QuickSwap receives a full Liquidity SDK and backtesting suite that lets anyone test existing strategies or build/launch one on Steer using programming language of their choice
• Tons of LP Strategies: Steer Protocol has the largest library of LP strategies on the market (7 individual strategies, with 3 additional ones that will be added in November)
• Secured Execution: Steer Protocol uses off-chain computing that relies on deterministic execution by all nodes and consensus to do any on-chain execution of strategies. Additionally, each smart vault has other security parameters added such as TWAP, slippage, max supply, and other checks

Steer Yourself Over to These New Farms!

Once you’ve deposited your LP on QuickSwap, you’re ready to farm! There’s a tutorial below, but before you dive in, here’s the list of farms on Manta Pacific you can choose from to start:

• ETH - USDC
• ETH - USDT
• MATIC - USDC
• ETH - BTC
• QUICK - USDC
• USDC - USDT
• stETH - ETH
• MaticX - MATIC

Be on the lookout on QuickSwap’s socials as more Steer Protocol farms are added!

Dragons and mantas unite! Following a 97% vote in favor of the QuickSwap DAO’s October 25 governance proposal, QuickSwap has officially launched on Manta Pacific, Manta Network's Polygon zkEVM chain designed for privacy-focused applications. 

In addition to making its mark as QuickSwap’s fourth Polygon deployment following PoS, Dogechain, and zkEVM, the launch on Manta Pacific is a significant milestone in the growth of both QuickSwap and Manta Network, bringing the power of dragons and mantas together!

First and foremost, QuickSwap’s launch on Manta Pacific opens up a world of opportunities for users within the Manta Network ecosystem – especially those who want access to deep liquidity, a full range of cutting-edge DeFi features, seamless active liquidity management, DAO participation, and more!

Meanwhile, the QuickSwap community also has a lot to look forward to. The Manta team raised $60 million at a $500 million valuation in July 2023, which leaves a lot of potential on the horizon for large incentives and airdrops for early users. An exciting opportunity awaits those who decide to act as first movers LPing, farming, and swapping using QuickSwap on Manta Pacific’s network.

With over 350,000 active addresses and more than $12.5 million in TVL, the Manta Network ecosystem provides a fertile ground for QuickSwap to expand its reach. The integration with Manta Pacific allows QuickSwap to tap into a vibrant community and attract new users from Asian countries and other communities within the Manta sphere - that means more frens for the dragon army! 

So many new growth avenues await...

Joining the Purple Family: A Stronger Polygon Ecosystem

Manta Network will be leveraging the Polygon Chain Development Kit (CDK) to transition from Optimistic Ethereum (OP) to Polygon zkEVM with ease and access its host of perks and features. Now on Polygon’s unrivaled high-performance zkEVM chain, Manta benefits from superior security, lightning-fast transaction finality, enhanced scalability, and of course, wildly improved user experience on an ultra-efficient network.

With Manta Pacific leveraging the power of zkEVM and Polygon CDK for privacy-focused applications, the entire Polygon ecosystem gains yet another powerful tool to attract new users and developers alike. With QuickSwap on board, users can now enjoy a seamless DeFi experience on Manta. Bringing together the power of the dragon army and the privacy of the manta community is no easy task!

Dive Deep into Manta Network DeFi on QuickSwap!

So, why wait? Change your network to Manta Pacific directly on the QuickSwap chain menu today and start trading and LPing on Manta Pacific’s Polygon zkEVM chain (farms will be live soon). 

You can add the Manta Pacific network to your Web3 wallet here: https://pacific-info.manta.network/ 

There’s never been a better time to unlock the full potential of the dragon and manta alliance – and who knows, you might just end up on the receiving end of major rewards!

Get started now: https://quickswap.exchange/ 

QuickSwap has always strived to work with the most reputable protocols and platforms in the blockchain space, maintaining a strong reputation across the industry and Polygon. Over the last few months, QuickSwap has been exploring new quests and campaigns with leading industry partners, such as OKX Web3 Wallet, Crypto.com DeFi, Layer 3, Intract, NEAR Protocol, Galxe, and many more. It’s important for QuickSwap to tap into broader communities and bring more awareness and adoption to the DragonFi ecosystem as well as the overarching Polygon ecosystem.

Campaigns and quests can be an extremely effective way of driving more on-chain activity and attracting new users to QuickSwap, given their large communities and resources.

As has been the case more and more often lately, some of these providers, projects, CEXs, and others do not want specific numbers being shared with the public. The Web3 industry is in an odd place where we haven’t found an ideal way to have a DAO negotiate directly with businesses and other projects. For now, the best option we have is for the QuickSwap Foundation to do Due Diligence and negotiate as much as possible with partners. If they allow QuickSwap to share the details, we do - if they do not, we have to respect their wishes and ask the community for permission without disclosing certain details. In these situations, the best option we have is to present the details we’ve been allowed to share with the community, and the community can make the decision on if we should move forward with limited information. If the community is uncomfortable signing a check without knowing full information, of course they can vote no on this proposal. It is worth noting that all funds will be distributed directly 100% to the community who participate in the campaign. 

In this case, we are asking the community (the DAO) for $30K in QUICK for an external campaign which we believe will be strongly beneficial for the QuickSwap community and could potentially expose hundreds of thousands or even millions of new users to QuickSwap’s suite of DragonFi products. 

*Please note: There is a selection process to join the campaign, so even If the community votes YES on this proposal, QuickSwap will be able to confirm interest to participate and offer the requested amount. Still, it does not mean that QuickSwap would be selected to join. If QuickSwap is not selected, the $30K in QUICK will not be used and will remain under DAO Treasury (this vote is for QuickSwap to apply to be chosen to participate).

TL;DR

• A well-known entity/project in crypto is running a large Marketing/User Acquisition campaign
• QuickSwap is being considered as one of the select projects to participate in this campaign, presenting a major opportunity to have the DEX integrated into the wallet, acquire new users, and drive on-chain activity
• The community needs to decide if they want QuickSwap to join the campaign, which would require $30,000 in QUICK tokens from the DAO to fund the initiative
• The discussion and Snapshot vote are now live (happening concurrently) and will run until Thursday, November 2 at 6:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members
• Vote now: https://snapshot.org/#/quickvote.eth/proposal/0xb699118a11eb1983a8721bdd585abc5d0a3ea5f3256bea3887501aeb1b4eb74a

About the Campaign

The project will push a campaign to help drive new users, activity, and awareness to the QuickSwap platform and ecosystem. Specific details regarding the campaign are still TBD and in discussion among the project’s team, and they’ve asked QuickSwap not to share.

As a participating partner, users would be able to execute on-chain actions (on Polygon) through QuickSwap, such as token swaps, LP, and farming.

From a timing perspective, exact dates are still to be determined but the campaign could start within the next few months. Note that in addition to QuickSwap joining the campaign, the project running the initiative will also be providing exposure to its entire user base through support on their full social media channels and in-app promotions.

Time for the Dragon Community to Speak

As mentioned in the first part of this proposal, the budget required to participate in this campaign would be $30,000.

Remember that if the community decides to allocate $30,000 towards this campaign, QuickSwap’s participation is not definitive unless the project accepts the proposal. If they accept, all funds allocated towards this event will be solely utilized for the campaign and distributed to participants (who qualify as winners).

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

Hey there, frens! Your favorite Polygon ecosystem DEX is at it again bringing groundbreaking products to market to provide the slickest, fastest, simplest, and easiest user experience in Web3!

This time, QuickSwap is proud to present Quick Lite, a new feature that features simple, one-click commands for transfers and more advanced interactions with dApps (decentralised applications) operating on external blockchains. Until now, cross-chain transfers and bridging between ecosystems have made for tedious, time-consuming, and capital-intensive processes for users. With Quick Lite, users can leave their cross-chain nightmares in the past – where they belong! 

Quick Lite is the product of a powerful integration with dappOS V2. QuickSwap’s friends at dappOS are as committed as we are to streamlining the Web3 experience so users don’t have to spend extra time, funds, and endless clicks navigating different blockchain ecosystems to get the most out of their capital. The dappOS team recently unveiled dappOS V2 which represents a significant leap forward in terms of functionality and user experience that will revolutionise multi-chain operations.

Check it out here: https://quickswap.dappos.com

What is Quick Lite?

With the support of triple-audited dappOS V2, Quick Lite will allow users to swap, LP, and farm with QuickSwap on Polygon as usual, while executing deposit, withdrawal, and asset transfer functions from a single, unified account. Specifically, users will enjoy access to QuickSwap from other chains, including BNB Chain, Avalanche, Optimism, and Ethereum (with more to come). No more switching networks, paying attention to the distribution of assets, managing a group of different wallet applications and platforms, or obtaining the right token for gas or bridging payments – that’s a job for a DeFi protocol, not a human being. Quick Lite brings a much-needed intent-centric approach to the market - and QuickSwap Dragons wouldn’t have it any other way! 

On Quick Lite users can pay (super low) gas fees in any on-chain asset. Trying to LP and only have USDT? No problem – swap half of it into QUICK, cover the gas fee with USDT, and you’re all set to LP for the QUICK/USDT pair! Are your assets distributed in different chains but you want to use them in one swoop? With Quick Lite, this can be completed with only one signature, with all complicated workflow handled in the background by dappOS V2 solutions. 

And, you guessed it – Quick Lite is 100% decentralised! A super-intuitive UX/UI, one-click cross-chain commands, and empirical decentralisation across the board. That’s what QuickSwap users have come to expect from the DEX’s products and platforms, and that’s what makes Quick Lite the perfect addition to the DragonFi ecosystem suite.

Get Your DeFi Game On

Now, what are you waiting for? Head to Quick Lite today and get swapping, LPing, farming and more at the click of a button!

Starting in 2022 by launching on Dogechain, QuickSwap began its multichain journey and started entering new territory on different networks within the Polygon ecosystem. Fast-forward to 2023 and QuickSwap has been deployed on Polygon zkEVM and is on its way to launching on Astar zkEVM.

These are indeed exciting times for the QuickSwap DEX, as the newly released roadmap outlined further plans for chain expansion in the near future. And now the saga continues as Manta Network steps into the spotlight as the next proposed chain to add to the mix.

Manta Pacific, the Layer 2 component within Manta Network, is the first scalable and secure EVM-equivalent ZK-application platform through Celestia DA and Polygon zkEVM, leveraging powerful Polygon tech to offer an unparalleled user experience. It is transitioning from OP Stack to Polygon zkEVM using Polygon CDK, a massive step forward.

This proposal is for the dragon community to discuss and vote on whether QuickSwap should launch on Manta Network (Manta Pacific - the Layer 2 ecosystem), adding yet another powerful Polygon-powered blockchain to its repertoire.

TL;DR:

• QuickSwap continues to explore deploying on new blockchains with the Polygon ecosystem
• Manta Pacific (the Layer 2 component within Manta Network) provides a powerful, scalable, and secure ZK tech built on Polygon that offers inexpensive gas fees and a robust ecosystem. It’s transitioning from OP Stack to Polygon zkEVM by using Polygon CDK to offer stronger network security and scalability
• With this governance proposal, the dragon community needs to decide if QuickSwap should launch on Manta Network (Manta Pacific)
• Liquidity incentives, a grant, and other rewards will be provided by Manta Network
• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Wednesday, October 25 at 11:00 PM UTC. This will be an expedited discussion and vote, because we want a chance for our community to qualify for the full amount of their first round of liquidity mining rewards which start at the end of this month. They’ll release more details about this publicly soon.
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Wednesday, October 25 at 11:00 PM UTC until Friday, October 27 at 11:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

What is Manta Network (Manta Pacific)?

Manta Pacific is the modular Layer-2 ecosystem for EVM-native ZK applications and dApps that wants to deliver the lowest cost and best experience for users. The chain was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. 

Manta Network has received investments from many of the top Web3 investment funds, including Binance Labs and Polychain Capital. Their main goal is to onboard more users and spur activity in the Web3 space with next-generation ZK applications.

With 350,000+ active addresses, $12.5+ million in TVL (in just the last month since launching with OP. To be clear, they’re going to be transitioning from OP to ZKEVM now since Polygon came out with CDK just recently), $16.3+ million on-chain transactions, and 127 ecosystem projects, the network and infrastructure are gaining tremendous momentum and adoption. They also have a huge presence in many Asian countries which could help bring those countries more into the Polygon ecosystem.

Chain Deployment, Liquidity Incentives, and More

If QuickSwap were to launch on Manta Pacific, the dragon community would be able to use all of their favorite DeFi features directly on the chain, including swapping, LPing, and farming. 

Manta Network will be providing rewards, liquidity, and token incentives for QuickSwap - they have asked to keep this information private for now. As with many chains and partners, because they’re working with other projects, they don’t want everyone to know how much they’re giving the QuickSwap community as it could affect other negotiations with projects. The Foundation can confirm (without breaking NDA) that these rewards are significant, and that the Foundation believes this is a worthwhile launch for the community. 

As we’ve noted before, oftentimes, businesses and even projects operate in a way where publicly disclosing all details of a deal is not acceptable and could harm their growth. We have to respect the Manta team's wishes and limit the information we can share publicly. The community will find out the information over time as Manta publicly releases it. 

For example, part of the reason for launching on Manta Network is that they’ll be doing a large airdrop, and projects that participate will be able to compete for those tokens. The Manta team has raised $75 million at a $500 million valuation and thus have a strong war chest. This could potentially lead to a significantly sized airdrop and incentives to the projects and community members who participate. QuickSwap will be able to compete for these rewards and will have a slight edge in that the Manta team will be supporting QuickSwap’s growth heavily on the chain as they believe in what we’re doing, including QuickSwap’s security and strong position in the Polygon ecosystem. Polygon is also committed to supporting this partnership.

Where the Sky Meets the Sea: Will Dragons and Mantas Unite?

QuickSwap adding Manta Network as a new chain would mark a huge step forward for both ecosystems. The dragon community would be able to tap into newfound liquidity and features offered by Manta Pacific’s powerful and next-gen infrastructure, while the Manta community would get instant access to not only QuickSwap’s powerful DEX but also its all-encompassing DeFi product suite, and one of the largest communities in the entire industry.

Plus it means more users, on-chain liquidity, and overall activity - a win-win for both.

Now that you’ve read through the blog, start discussing this proposal within the dragon community.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Dragons are always on the hunt for hot and spicy new updates, and the next few years are looking especially fiery for QuickSwap. You’re probably wondering - what does the dragon community have in store? 

Drum roll, please… QuickSwap’s new 2023 - 2025 roadmap has officially been released, and it’s jam-packed with new integrations, tech updates, blockbuster products, features, and much more!

Massive developments are coming to the QuickSwap DEX that will be broken out into several key phases, each with its own milestones.

Check out the high-level roadmap below and keep reading for more details.

Phase 1

To kick things off, the first phase of the roadmap will feature several key products and integrations:

• Liquidity Hub CLOB DEX Integration: Central Limit Order Book DEX that will enhance the trading experience and match buyers and sellers with the best price at a particular time
• Chain Expansion: Deployments on new chains - more to come
• New ALM (Automated Liquidity Managers) Integration: More solutions for ALM coming soon, giving users more control over their LP positions
• Bonds: Release of QuickSwap Bonds, allowing users to receive discounted tokens (in the form of an NFT) in exchange for providing liquidity

Phase 2 

• Cross-Chain Perpetual Trades: Execute trades on QuickPerps (built on Polygon zkEVM) directly through other popular chains, such as Polygon PoS, Ethereum, and more in a few clicks
• Chain Expansion: QuickSwap will be expanding to more chains 
• Strategy Hub: Automated yield strategies, leverage farming, and one-click DeFi strategies to optimize the user experience
• Insurance: More developments to come with Profotire and Atomica’s Quickperps QLP insurance

Phase 3

• Launchpad Integration: A new launchpad is set to deploy on QuickSwap to give new and exciting projects a chance to kickstart their ecosystems and communities
• QuickPerps V2: More to be revealed… stay tuned
• New Tokenomics: QUICK’s tokenomics are getting a refresh… exciting updates to come for token holders!
• QuickSwap NFTs: QuickSwap will be launching a new NFT collection that will provide different forms of utility across the DragonFi ecosystem. New features galore!

Get ready to see the DragonFi ecosystem propel to new heights! All of this and more will be coming to the QuickSwap DEX… it’s only the beginning.

Fasten your seatbelts, dragons. We’re going for a wild ride.

The dragon army is now taking over email! 

QuickSwap has just released a brand new Email Newsletter, where subscribers can get the juiciest news and information about the QuickSwap DEX, DragonFi ecosystem, and what’s happening across Polygon.

Exclusive information on everything you need to know, delivered right to your inbox. So what are you waiting for, dragons??

Click here to subscribe: https://quickswap.exchange/#/newsletter 

What’s Inside? We’ll Let You Have a Peek

The QuickSwap Email Newsletter will have the perfect blend of what’s been happening across the QuickSwap/Polygon ecosystems and unshared information for subscribers only. 

Readers get a summary of the latest happenings and a fiery twist you won’t find on QuickSwap’s X, Telegram, Discord, or other social media channels! 

Here’s what’s inside:

• DEX and DragonFi ecosystem updates
• Fiery and spicy alpha
• Polygon project of the month
• Special giveaways and prizes (for subscribers only)
• Latest information on the Polygon ecosystem

Excited? Continue to check your inbox and keep your eyes peeled for the very first newsletter of the series (coming soon).

Giveaway for Early Subscribers!

Want to be a follower of the QuickSwap Email Newsletter? Users who get in early will get a chance to be rewarded - indeed, the early dragon gets the worm!

A $300 giveaway is currently ongoing, meaning anyone who subscribes now will get a chance to win! The winners will be announced in the November edition of the newsletter, so make sure to subscribe and tell your friends!

Until then, see you next time!

Hexagate is a Web3 security provider helping protocols, bridges, and chains to protect their smart contracts and users from theft caused by cyber exploits and Web3 threats. Hexagate offers a platform that detects threats in real time and prevents them from causing any impact.

Hexagate offers real-time monitoring solutions for all sorts of threats before they impact any digital assets and automated prevention tools for QuickSwap so developers can take on-chain action, when applicable.

This benefits Quickswap users by safeguarding their funds from potential exploits on any Quickswap contract and reduces the amount of funds lost in a possible incident.

Hexagate monitors malicious activity on-chain, including on any QuickSwap contracts (perps, pools, tokens, governance proposals, and so on).

Hexagate can partner with QuickSwap to provide the DEX with real-time alerts on exploits threatening Quickswap contracts or governance participants and run automated workflows to remediate issues in real-time when Hexagate fires an alert. That will, for instance, allow rapid communication and response to threats that come up and will allow users to react in real-time to exploits and automatically withdraw their positions.

Note that this proposal has been written by both the QuickSwap and Hexagate teams, where Hexagate is asking the QuickSwap community to decide on implementing/utilising their platform to provide both higher security and alerts for malicious threats to the QuickSwap DEX.

TL;DR:

• Hexagate is a Web3 security provider that helps protocols, bridges, and chains protect their smart contracts and users from theft caused by cyber exploits and Web3 threats
• Hexagate is asking the QuickSwap community to decide on the implementation of their advanced security solution on the DEX in order to provide alerts and detect security threats in advance, ultimately offering greater protection for the QuickSwap DEX and its users
• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Sunday, September 24 at 8:00 AM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Sunday, September 24 at 8:00 AM UTC until Thursday, September 28 at 8:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

Background

Hexagate monitors blockchains in real-time, and by leveraging ML, security heuristics, and hybrid detection algorithms, it provides early detection of exploits. The Hexagate platform covers the detection of cyber and financial exploits on 1st and 3rd party code and mainnet deployments, governance and administration risks, suspicious fund movements, phishing, fraud, scams, and custom invariants.

Protocols, bridges, and chains that use Hexagate benefit from early and accurate detection of threats, remediation workflows, IR, and forensics.

The company already protects over $10B in TVL across multiple chains and is trusted by the biggest names in the industry - it managed to detect ahead-of-time exploits that targeted Euler, iearn, Hundred Finance, Conic, and more.

Hexagate is a VC-funded company backed by leading VCs, founded by serial entrepreneurs who previously built companies that were acquired by Jfrog and Claroty. Their team brings vast experience in the cybersecurity realm.

Hexagate also helps the entire ecosystem by helping others in a time of need, participating in post-mortem analysis, war rooms aimed at unveiling exploiters and recovering funds, and by conducting research activities on protocols - here are a few examples:

• Found and responsibly disclosed a vulnerability in the Polygon PoS (Proof of Stake) system that enables bypassing of the consensus
• Listed in the Ledger Hall of Fame for finding and reporting a bug in an old Ledger
• Helped 0vix protocol throughout their incident response right after getting exploited
• //medium.com/@ConicFinance/post-mortem-eth-and-crvusd-omnipool-exploits-c9c7fa213a3d" style="text-decoration: none;">Helped Conic Finance throughout their incident response right after getting exploited
• Helping Compound V2 and Compound V2 forks with a zero-day exploit to open markets safely
• Curve incident post-mortem right as it happened
• Euler hack post-mortem (also notified the team in real-time over Discord and helped in the war room)
• They are also part of the Seal911 team, helping others in the ecosystem in stressed times

Everyone is welcome to follow Hexagate on their official X (Twitter) account to see live updates and posts.

Detailed Proposal

Below is a summary of the proposal from Hexagate, outlining what they will offer QuickSwap:

1. Hexagate will provide access for QuickSwap to its Web3 security platform and Web3 threat intelligence feed, including its on-chain investigation engine.
2. Threats covered by the Hexagate platform:
   1. Exploits on first or third-party code
      1. Detect suspicious malicious contracts before they exploit a protocol
      2. Detect novel 0-day exploits and unknown threats on protocols or its dependencies
      3. Dependencies include tokens, deployers, oracles, bridges, other protocols, etc.
      4. Detect token exploits - excessive minting or burning, abnormal transfers, centralisation risks, missing access controls allowing arbitrary approvals or transfers, rug pulls
      5. Detect oracle deviations and delays
      6. Tracking abnormal transfers to detect private key compromises
      7. Alert on token depeg – stablecoins, wrapped assets, or bridged assets
      8. Track fund movement post-incident and automatically tag malicious entities on-chain to taint stolen funds movement in real-time
   2. Governance and Administration
      1. Simulate and analyse any malicious governance proposal (or a malicious proposer) that goes on-chain (including when a governance proposal executes)
      2. Analyse contract ownership or role changes for abnormal changes to malicious entities
      3. Detect malicious implementation updates and changes to privileged configurations that result from missing access controls, private key compromises or rug pulls
      4. Detect centralisation risks on governance token holders or phishing attempts on governance token holders
      5. Monitor governance token transfers
   3. Funds movement
      1. Track illicit funding sources and track fund movement
      2. Monitor and tag all malicious on-chain activity including fraud shops, mixers, USDT / USDC / OFAC blacklists, high-risk exchanges, and stolen funds.
      3. Monitor abnormal transfers and/or fund movements from specific addresses (protocol treasury, whales, protocol participants, etc.)
   4. Invariants and parameters 
      1. Monitor predefined invariants and params per the protocol specifications
   5. Phishing, fraud, and scams
      1. Governance participants interacting with malicious contracts, phishing addresses, scam tokens, etc.
      2. Detecting malicious dApps impersonating Quickswap
3. Hexagate provides generic webhooks, Slack/telegram/email/discord/pagerduty integrations for any type of alerts
4. Hexagate enables user-generated custom monitors so a user can set up alerts on specific wallets, whales, specific events, specific contract calls, and so on, enabling users to customize their monitoring to fit their needs
5. Phishing detection for governance participants - Hexagate surfaces any phishing attempt on QuickSwap governance participants
6. Connection to our network of partners and collaborators in which they have an open channel to such as Chainalysis, Binance, on-chain sleuths, and more to be able to notify them in real-time when an incident happens so they can tag the bad actors and prevent them from off-ramping on a big list of exchanges, uncover the attacker’s identity, help with crafting a post-mortem paper, and analyze the blast radius of the incident
7. Professional service and support:
   1. Standard support time - Sunday to Thursday 10:00 AM - 7:00 PM GMT+3
   2. Helping out with bug bounty program submissions, security reviews, and triaging incidents in real-time by assigning a security researcher from our end to help out in time. In the initial proposal, Hexagate will allocate 15 hours of security research activity to help on that front and expand as needed
   3. Preparation and training for managing a war room, assigning roles and responsibilities, and helping with crafting security frameworks and incident response procedures - based on Hexagate’s expertise gained from being active in many such incident response events
8. Onboarding:
   1. During onboarding, a Hexagate security engineer with a QuickSwap team member will map all the contracts, tokens, bridges, oracles, and governance structures that are related and even remotely affecting QuickSwap contracts and on-chain assets to be able to have a broad coverage of all possible threats. Access to the platform will be granted to the select QuickSwap Foundation or Devs to use the platform to configure monitors, alert notification channels, and run triaging and investigations for any on-chain activity - these will be provided right after signing
   2. Tailor remediation procedures for QuickSwap

Budget

Hexagate is asking the QuickSwap community to fund $25k/year in USDC from the DAO treasury for onboarding, maintenance, and professional service & support listed above, and the QuickSwap Foundation will engage with Hexagate on a commercial agreement for a yearly license of the platform. 

The rationale is that the community is receiving support and maintenance while the QuickSwap Foundation is in charge of operating the system, as security is top of mind.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap has always aimed to provide users with a fiery, revolutionary trading experience and the best possible token prices on the Polygon network, all through a unique UI/UX, innovative product integrations, and more. Indeed, the dragon army deserves the best of the best!

Liquidity is a key factor in doing this - but on-chain liquidity is vastly spread across the far corners of various DeFi chains and protocols, making it more fragmented and negatively affecting the potential for more optimal prices for users.

Well, frens – the time has come to introduce one of the most exciting integrations to date for QuickSwap that’s going to change the game…

Announcing the launch of QuickSwap Liquidity Hub, a new Layer 3 infrastructure software that brings aggregated liquidity to the DEX. It uses an optimisation layer above the AMM that sources liquidity from external decentralised protocols to provide better prices and less price impact to the end users, including zero gas fees.

Powered by Orbs Network, this product integration is the next evolutionary step for QuickSwap and the dragon community, making the trading/swapping experience on the DEX even better, stronger, and more optimised for users. Who could’ve thought??

So What’s the Deal Here?

QuickSwap Liquidity Hub takes liquidity routing to a new level, exploring and leveraging different liquidity sources to optimise swap prices. With Orbs Network’s product and integration, the QuickSwap DEX can now execute trades in a more efficient way without having to go through the actual AMM, where users would suffer from price impact and receive less in overall value.

Another key feature of the Liquidity Hub is there is no downside to users! If QuickSwap Liquidity Hub can’t process the swap at a better price than the underlying AMM, then the trade will go through on the AMM itself. That means Liquidity Hub can only improve the user experience - worst case scenario, users’ trades route through the AMM contract.

Even better, when a user goes to the QuickSwap Swap tab to make a trade, Liquidity Hub won’t even be visible! Everything takes place in the background, so users can experience the same fantastic UI/UX that QuickSwap provides with better token prices and less price impact.

All that you’ll see now is a popup showing how much you’ve saved and the improvement in price from using the product. It’s a win-win for the dragons! 

Fiery Facts About QuickSwap Liquidity Hub

So what other cool and unique features does QuickSwap Liquidity Hub bring to the table? Here’s a quick breakdown of what users will be able to experience with this new integration:

• Zero-Gas Trades: Trades through QuickSwap Liquidity Hub are gassless! However, keep in mind that gas might be factored into solver fees, so not all trades are created equal
• MEV Protection: Orders are matched off-chain and absent of block producers, meaning users will no longer suffer MEV losses - all funds that would have been lost are instead redistributed to QuickSwap users and the DEX itself
• Zero-Latency Execution: Smooth, frictionless, and fast swap transaction experience
• Same Amazing UI: QuickSwap users can swap their tokens on the same trading interface as before, just with more features in the backend!
• Wallet Features: Token spending approvals are enabled in MetaMask for Liquidity Hub users, and tokens will stay in their Web3 wallet until the trade actually goes through

By using QuickSwap Liquidity Hub, users get all of these sweet features and more.

Ready to Rumble?

Try out QuickSwap Liquidity Hub for yourself and begin experiencing the next generation of DeFi trading!

QuickSwap’s integration with Orbs Network is helping power the future of swapping on the DEX, optimising the way trades are executed to give users the best possible outcomes. We’re looking to lead the charge and bring this technology to the masses!

Upwards and onwards, dragons. Enjoy the new swapping experience and make sure to spread the word to your frens!

For years now, QuickSwap has become a recognized DEX and leader in the blockchain space and has led the charge for the growth and adoption of the Polygon ecosystem, including Polygon zkEVM and Dogechain.

With the Polygon zkEVM mainnet beta deployed in March 2023, the chain quickly gained recognition and adoption, reaching a peak of ~$35 million by July 2023. As more ZK-powered chains continue to enter the spotlight, their powerful tech infrastructure, scalability, security, interoperability, and speed are completely changing the game.

And while these ZK chains keep expanding their reach, multichain solutions are also beginning to cement themselves as the ethos of DeFi (decentralized finance). When the two come together, it unlocks the potential for even more magic.

Among the heavyweights is Astar Network, a scalable decentralized blockchain that enables communications and the direct flow of assets between Polygon, Ethereum, Polkadot, Cosmos, and other popular blockchain networks. Astar Network has just announced the launch of their zkEVM network (powered by Polygon CDK), bringing them closer to and more intertwined within the Polygon ecosystem. QuickSwap is aiming to help drive adoption for Astar Network’s zkEVM chain even further, pushing the boundaries of Web3 and beyond for the Polygon network.

This governance proposal is a joint effort from both parties and has been put forth to ask the community if QuickSwap should launch on Astar Network, allowing users to access DeFi features such as swapping, LPing, farming, and more directly on the chain through the DEX’s interface.

TL;DR:

• Polygon ZK-powered infrastructure is starting to go mainstream in the blockchain space, setting a new standard 
• QuickSwap is asking the dragon community if the DEX should launch on Astar zkEVM, which is Astar Network’s zkEVM infrastructure powered by Polygon CDK that is more interconnected with the Polygon ecosystem
• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Friday, September 15 at 11:00 AM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Friday, September 15 at 11:00 AM UTC until Tuesday, September 19 at 11:00 AM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

What is Astar Network?

Astar Network is the largest parachain of Polkadot in terms of market cap and is also recognized as the go-to-market blockchain for Japanese enterprises and leading L1 in Japan overall. To learn more about Astar’s past achievements in Japan, please refer to the doc below: https://astarnetwork.notion.site/Astar-Japan-699a9b8b49434afab2935edf947551b8?pvs=4 

Recently, Astar Network has reached a strategic partnership to build Astar zkEVM as an Ethereum L2 powered by Polygon zkEVM Supernet to accelerate the Web3 mass adoption in Japan and globally.

Token2049 marked the beginning of a new era for Astar Network, as they launched Astar zkEVM, a new blockchain network leveraging Polygon’s zkEVM infrastructure. With this new deployment, Astar Network aims to make some serious noise across the Polygon ecosystem, not only bringing its advanced multichain capabilities but also more liquidity, DeFi features, and community.

Why is this Integration Important?

If QuickSwap launches on Astar Network’s zkEVM chain, it will open up the door to an entirely new ecosystem, including an even greater network of interconnected chains already accessible through Astar’s infrastructure. 

Furthermore, integrating Astar Network as a new chain on QuickSwap will bring in and attract more liquidity across the Polygon ecosystem while further strengthening ties with Polygon as a whole. As QuickSwap and Polygon continue to make strides and scale to new levels, adding Astar Network to the mix could prove to be a great feather in the cap.

The more interconnected ecosystems on QuickSwap under the Polygon umbrella, the more support, strength, and viability will come to the DEX. Plus, the QuickSwap and Polygon communities would greatly benefit from having direct access to Astar Network’s massive community of DeFi users, and vice versa.

QuickSwap integrating Astar Network’s zkEVM chain would allow the DEX to become the main gateway for this newfound blockchain environment straight out of the gate, opening the door for unlimited potential. 

Partnership Details

Both projects have agreed on proposing the following terms, which include rewards/incentives, product integrations, future quests/campaigns, and more.

If the community votes in favor of this proposal, QuickSwap and Astar Network will move forward with the outlined efforts and initiatives while continuing to collaborate further on the partnership down the line:

• Astar Network will provide ASTR tokens as liquidity rewards for LPs on QuickSwap
• Astar will also provide ASTR tokens to The QuickSwap Foundation as a budget for quests, and other campaigns.
• QuickSwap will integrate and deploy onto Astar Network’s zkEVM chain using the aforementioned funds provided by the Astar Foundation, which will help cover team costs such as development, product, marketing, etc.
• Astar will also seed a significant amount of liquidity to bootstrap QuickSwap operations on the chain.
• Astar has asked that we not disclose exact amounts publicly yet, as  they are in the middle of negotiations with other projects and do not want our agreement to cause issues in their other negotiations. We may disclose the numbers at a later date with their permission. The numbers are significant, and The Foundation believes this partnership is in the best interest of the QuickSwap community. 

*Note that the Astar Foundation can also help decide on the LP pools to incentivize, along with the QuickSwap Foundation

ASTR Token

Here is a summary of the ASTR  token utility and value:

1. Builders: Developers who build on Astar (including Astar zkEVM) can join dApp staking and receive a developer incentive in the form of ASTR
2. Stakers: You can stake ASTR to support builders and receive staking rewards (more info here: https://docs.astar.network/docs/build/dapp-staking/#what-is-dapp-staking)
3. It's used for gas fees in Astar Layer 1, a multi-vm environment - 80% of the gas used is burned
4. Future Governance: ASTR will be the token to shape the network
5. Astar zkEVM will reduce ASTR Inflation through buyback and burn mechanisms
6. Astar will provide tooling where developers are able to use ASTR for gas fees (more info: https://docs.astar.network/docs/learn/zkEVM/faq)

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralized governance. QuickSwap’s future is in your hands, so make your voice heard!

QuickSwap is the leading DEX on Polygon and has been driving adoption for the chain on a massive scale since its inception. As QuickSwap has continued to expand its line of partnerships on a larger front, especially over the last year, the time has come for QuickSwap to look into expanding its horizons into the constellation of stars.

Both the Cosmos and Polygon ecosystems have been growing exponentially over the last few years, receiving their claim to fame through their flagship products, underlying tech, integrations, and much more. With so many promising developments happening within both blockchain environments, and QuickSwap having such a strong presence on Polygon, having a small exposure to the Cosmos ecosystem presents a promising opportunity.

That’s why the QuickSwap team is exploring a new partnership with Kinetix, a next-generation one-stop-shop native DeFi hub built on Kava that allows users to swap, LP, farm, trade perpetual swaps, and more. Kinetix has recently launched its decentralised Perpetual Exchange and is on the verge of deploying more products within its DeFi suite, built on Kava’s powerful EVM-compatible IBC infrastructure.

As part of this partnership, QuickSwap would add Kava (Kinetix) to the list of chains in the main dropdown menu on the DEX’s website and, in return, receive a portion of the KFI (Kinetix native token) supply, and then indirectly get revenue and rewards from Kinetix (more information below). Kinetix will do the same for QuickSwap, giving the Cosmos community access to Polygon trading and liquidity as well.

The purpose of this governance discussion is to ask the community if QuickSwap should partner with Kinetix to help unite the Cosmos and Polygon ecosystems and, if so, to decide on the amount of KFI rewards that will be distributed between the QuickSwap Stakers and Foundation.

TL;DR:

• QuickSwap is looking to help unite both Cosmos and Polygon by partnering with Kinetix, a native DeFi hub on Kava, and is asking the dragon community to weigh in
• The partnership would include QuickSwap’s adding Kava (Kinetix) on the dropdown menu of available chains that directly links to their website and product, and vice versa.
• In addition, the QuickSwap and Kinetix team have outlined a proposed rewards structure for a specific allocation of the KFI token supply that will go to QuickSwap which will include QUICK token LM incentives on Kinetix/Kava/Cosmos (more information below)
• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Saturday, September 9 at 12:30 PM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Saturday, September 9 at 12:30 PM UTC until Wednesday, September 13 at 12:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

Kava (Kinetix) Added to QuickSwap Network Menu

The first key element of this partnership is (as outlined above) that QuickSwap and Kinetix will both add each other to their websites. QuickSwap will add Kava (Kinetix) to the QuickSwap network menu selection on the main website, and Kinetix will do the same. This would give QuickSwap users and the dragon community instant access to the Kinetix DeFi hub and EVM-compatible Kava chain, while also giving the product and ecosystem more exposure (and vice versa).

Background, and Forward Prospects: Polygon & Cosmos, A Strong Alliance

A key benefit to this partnership/collaboration is that it bridges the two communities and acts as a gateway for QuickSwap to broaden its horizons into the Kava and Cosmos ecosystem as well as bring Cosmos users to the Polygon ecosystem. An interesting analogy would be how friendly countries make trade alliances to lower commerce friction and increase trade. The Polygon and Cosmos ecosystems have always been friendly, and this is a great way to help unite Polygon, Cosmos, and the broader EVM Chains ecosystems. QuickSwap has made a stance to focus on Polygon ecosystem chains like Polygon PoS, zkEVM, and Dogechain, so it is unlikely that the QuickSwap community would want to launch on Kava natively. With this partnership, the QuickSwap community will have a stake in the Kava/Cosmos ecosystem, while not having to dilute its message and focus on Polygon-specific chains. 

Kava is recently making big waves in Web3 with USDT the largest stablecoin, coming natively to The Cosmos through Kava. Thus far, over $100 million in liquidity has been minted on Kava over the last months, and the goal between the two communities is to bring $300-$500 million of liquidity in the medium term to The Cosmos directly and natively through Kava, with even more in the long term. If this vote goes through, QuickSwap, through Kinetix will be positioned to receive trading fees from this growth, with minimal effort. 

Many may know, and some may not; part of Polygon’s original PoS stack uses Tendermint, which was originally created by the Cosmos ecosystem, and Polygon CDK and many other next-gen industry tech stacks/frameworks draw inspiration from the IBC interoperability concept. The QuickSwap Foundation has actually tried for years to bring interoperability between Polygon and Cosmos and still hope someday this will happen. They’re two of the greatest tech stacks in the world and would benefit greatly from working together. Moreover, this is a great way to unite the communities until the day comes when IBC and Polygon Supernets can unite at a more fundamental level, which is something many in Polygon and Cosmos would like to see. Eventually, QuickSwap’s cross-chain perps could aggregate between the two ecosystems as well, but research and exploration on that is still ongoing. 

Rewards Distribution

If the community were to vote in favor of this proposal, QuickSwap would receive 1% of the KFI token supply. KFI is Kinetx’s native token that helps power its ecosystem of DeFi products and serves as a reward mechanism for participants.

Out of the 1% KFI supply allocated to QuickSwap, the team is proposing that 50% of the supply goes to the QuickSwap Foundation, and the remaining 50% is distributed to QUICK stakers. 

For the 50% allocated to QUICK stakers, these KFI token rewards would be distributed through a syrup pool that would last 6 months. QuickSwap Foundation will vote with its tokens for liquidity on Kava and unlock rewards for QUICK pairs to the community.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

For years, QuickSwap has provided its users with a first-rate UI/UX for swapping ERC-20 tokens on Polygon, allowing seamless trades at fast speeds and minimal gas fees. Especially in today’s DeFi landscape, users are demanding better prices and trading routes, lower gas fees, and a smooth experience - the space is evolving and becoming more sophisticated, and DeFi protocols need to follow suit.

The QuickSwap DEX aims to continue to raise the bar and add new, intuitive features to not only optimise performance but also provide better execution prices, fast speeds, and lower gas fees for end users. Doing so will attract more liquidity and volume while elevating the overall trading experience.

That’s why QuickSwap is asking if the community would like to implement QuickSwap Liquidity Hub. The QuickSwap Foundation is researching and developing this with Orbs Network. QuickSwap Liquidity Hub is an advanced decentralised and public blockchain infrastructure designed to enhance the capabilities of EVM and non-EVM compatible smart contracts, and will drastically improve the swapping/trading experience on the DEX. QuickSwap has already worked with Orbs on some features including TWAP and Limit Order trades, which have created an enormous value-add to users and attracted significant trading volume.

The purpose of this governance discussion is to ask the community if QuickSwap and Orbs Network should launch this QuickSwap Liquidity Hub on the DEX and to decide on the fee structure between all parties. 

TL;DR:

• Orbs Network would like to build and deploy a Liquidity Hub on QuickSwap, expanding its current product line with the DEX
• QuickSwap Liquidity Hub would optimise the swapping/trading experience on the QuickSwap DEX, enabling better execution prices, near-zero latency, lowering gas fees (to zero), and much more for trades that route through it
• QuickSwap and Orbs Network are asking the QuickSwap DragonFi community if QuickSwap Liquidity Hub should be developed & launched and, if so, to review and align on the proposed fee structure
• To begin, the governance discussion on the official QuickSwap Discord & Reddit will run until Wednesday, September 6 at 12:00 PM UTC
• Once the Discord & Reddit discussions finish, a formal Snapshot vote will begin and run from Friday, September 8 at 12:00 PM UTC until Tuesday, September 12 at 12:00 PM UTC

Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members.

What is QuickSwap Liquidity Hub?

QuickSwap Liquidity Hub is a new infrastructure protocol that would bring aggregated liquidity to the DEX by sourcing liquidity above and in addition to the AMM (through other decentralised protocols), leveraging an optimisation layer to enable more favorable execution trading prices, gassless fees, and more.

By tapping into multiple external liquidity sources, Orbs Network’s Liquidity Hub infrastructure would allow QuickSwap to process trades far more efficiently without having to go directly through the AMM for all trades. This would be a huge win-win for users, as they would suffer far less price impact executing trades through QuickSwap Liquidity Hub than in the past. It could also be plugged into aggregators, potentially bringing new volume that we otherwise would not have received. 

Below is a high-level diagram of how QuickSwap Liquidity Hub would function:

The core concept here is to expand QuickSwap to include many possible decentralised trade routes as seen in the above graphic. In the event that QuickSwap Liquidity Hub’s other options can’t process the swap at a better price than the AMM, then the trade will be routed through the AMM itself as the heart of the DEX, meaning users receive the very best price no matter what the scenario. Using QuickSwap Liquidity Hub only gives them a better UI/UX. 

In addition, the product is built on the backend and will not be visible to users when making a swap, meaning it’s as close to a native experience as it gets. Users will enjoy swapping on QuickSwap like they always have but will only receive a net benefit on their trades.

Here is a quick summary of the unique features and benefits QuickSwap Liquidity Hub brings to the table:

• Better Price Execution: Trades executed on QuickSwap Liquidity Hub result in better overall prices for users
• Gassless Trades: Users who trade through QuickSwap Liquidity Hub will receive gassless trades (they may incur some solver fees)
• Zero-Latency Execution: Transactions/swaps occur at zero latency, making them faster and more efficient
• MEV Protection: No losses from MEV would be incurred because orders are matched off-chain and absent of block producers. All funds that would have been lost would be redistributed to QuickSwap users and the DEX instead

MetaMask Token Spending: Token spending approvals are enabled in MetaMask for Liquidity Hub users, and tokens will stay in their Web3 wallet until the trade processes. QuickSwap remains fully decentralised with all users always maintaining ownership of their own funds.

Proposed Fee Structure

Both QuickSwap and Orbs Network will receive fees derived from swaps/trades executed through QuickSwap Liquidity Hub. 

The proposed fee structure and breakdown are below to be split across both communities. The split between Dragon’s Lair and Burn will be split down the middle, as this was what the community voted for with our last protocol launch, QuickPerps. This could be changed in the future with a subsequent community vote. POL stands for Protocol Owned Liquidity, and fees generated to this category would be used to build more Protocol Owned Liquidity managed and owned by the QuickSwap Foundation. Examples of this include QUICK/MATIC, QUICK/ETH, MATIC/ETH, QLP, and other liquidity to deepen areas seen as strategic for the success of the DEX. The Foundation can use this and the APR generated to fund various areas of growth and development.

Fee Share:*

POL

20%

Quick DL:

25%

Quick Burn:

25%

Quick Foundation:

15%

Orbs:

15%

Total:

100%

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Hey there dragons!

With the QuickSwap DEX now operating across 3 of the most popular, high-performance chains in Web3, learning how to switch between networks from your Web3 wallet is more important than ever. Today, we’ll be breaking down what it means to change your RPC, and how easy it is to do in a few short clicks.

What’s in it for you? Good question…

You’ll be able to seamlessly switch between Polygon zkEVM’s epic speeds, Dogechain’s cool memes, and good ole’ Polygon PoS, so you can enjoy all the best that DeFi has to offer without pulling your hair out every few hours.

So What’s an RPC, Anyway?

First of all, RPC stands for “Remote Procedure Call,” which is a process where a computer program causes a procedure to execute in a different address space.

So what does all that tech lingo mean for Web3 users? RPCs allow users to execute transactions on different networks – or as we say, on different chains.

PoS and zkEVM are some of the most advanced chains in town, so many users may want to continuously switch between them to use dApps like QuickSwap and explore what DeFi has to offer.

No sweat! It’s as easy as pie when you know how to change your RPC like a pro.

Changing Your RPC Like a Pro (With Screenshots!)

To change your RPC and begin transacting on a different chain, you’ll need to log into your Web3 wallet. For the purposes of simplicity, we’ll be using Metamask’s latest UX/UI for example.

Before we begin, here’s a list of RPCs that you’ll need to use QuickSwap:

• Polygon PoS: https://chainlist.org/chain/137 
• Polygon zkEVM: https://chainlist.org/chain/1101 
• DogeChain: https://chainlist.org/chain/2000 

Step 1: Open your wallet in your browser by clicking the wallet icon.

Step 2: Click on the dropdown menu in the upper right corner to view networks.

Step 3: Select your network from the dropdown menu, or click “Add network” to enter RPC information manually.

That’s it! It’s as simple as 1-2-3!

Now, what are you waiting for Dragons? Get back out there on zkEVM and let Polygon and QuickSwap bring the best of DeFi to you!

Even dragons sometimes need a refresh! QuickSwap has been Polygon's go-to DEX since its inception. Over the years, we’ve continued to expand the DEX's offering to bring the very best of EVM DeFi to the dragon community.

From an improved swap interface to the addition of V3 pools and farms (plus the Gamma V3 integration), we’re always raising the bar. And since QuickSwap dragons can fly (unlike other land creatures) we need to keep raising that bar even higher! 

Today, we’re going to give everyone an updated and quick (no pun intended) crash course on how to provide liquidity (LP) and farm on QuickSwap. Since we’re now multichain (Polygon PoS, Dogechain, & zkEVM), the process will be relatively similar with a few minor modifications.

LP on V3 with Gamma

With QuickSwap's Gamma V3 pools, your liquidity is automatically managed to keep it within designated price ranges – forget the hassle of monitoring and manually rebalancing your portfolio. V3 also maximises your rewards, thanks to superior capital efficiency. 

*Note that this is only currently available on the Polygon & zkEVM chains.

Now, let’s go over how to LP in QuickSwap’s Gamma V3 pools:

1. Visit https://quickswap.exchange/#/pools and connect your Web3 wallet – the interface will automatically connect you to V3. Make sure you’re also on the Polygon network. 

2. Under Supply Liquidity, select your token pair to continue (for this example, we’ll be using MATIC/USDC).

3. At this stage, you can select a strategy using the “autoMatic” feature (narrow or wide via our Gamma V3 active liquidity management solution), or manually input your designated price ranges.

4. Next, enter your deposit amounts for your selected token pair (if you’re depositing $MATIC as in this example, you’ll need to take an extra step and wrap it to WMATIC). Once complete, click Preview to continue.

5. A popup will appear. Review the details and when everything looks good, click Confirm. Complete the transaction in your Web3 wallet to finish providing liquidity.

Congrats, fellow dragon… you’re all set! It really is that easy to become an LP on QuickSwap. You’ve now received LP tokens from which you can earn trading fees as rewards - you can also review your LP position on the right-hand side of the page.

LP on V3: New Token Pairs

QuickSwap’s liquidity pools play an integral role in driving growth in the DEX’s TVL while providing users another avenue to earn rewards. When depositing supported token pairs in our pools, users can earn a weighted average of 0.01% to 1.5% of trading fees pending volatility, liquidity concentration, total liquidity, and other key metrics.

Here’s a quick crash course on how to provide liquidity on V3 with pairs that haven’t been previously created:

1. Visit https://quickswap.exchange/#/pools and connect your Web3 wallet. Switch to the Polygon network and you’ll automatically connect to QuickSwap's V3.

2. Select your token pair to provide liquidity. For this example, we will use FTM/DERC. In some cases, you will need to set the initial price by manually calculating one token’s value relative to the other if the system can’t auto-fetch. Once you’re done, click Confirm.

3. Next, select your price range. You can choose between Full Range, Safe, Common, and Expert. You can manually adjust these ranges further if you’d like. Please note that if you’re the only LP and your prices go out of range, users will only be able to trade the token pair one way. 

4. Enter the proportional deposit amounts for which you want to provide liquidity. Next, approve both tokens (if not already enabled), click Preview, and confirm the transaction in your wallet to complete the process.

Yesss, fam! Now you’re a pro LP on QuickSwap, hats off to you! The dragon community will be impressed…

Farming

Although we dragons are fierce creatures and always on the hunt, sometimes we need to chill and let things come to us. QuickSwap’s farms are a great way to earn additional rewards with your LP tokens (Gamma) or NFTs (regular V3). QuickSwap's V3 farms are far more capital efficient than their V2 counterparts, and with Gamma, your portfolio is passively managed to maximise rewards.

In this example, we’ll cover how to stake your LP tokens and farm to earn rewards on QuickSwap’s V3 in a few simple steps.

1. Go to https://quickswap.exchange/#/farm. Next, either stay on the Gamma Farms page (automatically selected) or click on QuickSwap Farms (regular V3 farms). 

For this example, we’ll use Gamma Farms, but the farming process is identical for both.

2. Find the farm that contains your corresponding token pair and click the drop-down menu. On the left, enter the number of LP tokens you want to stake, click Approve, complete the transaction in your wallet, and click Stake LP Tokens to finish the process.

3. Your LP tokens have now been staked and you’ll immediately begin earning farming rewards in dQUICK and WMATIC.

Easy, Right?

Using QuickSwap to LP and farm is easier than ever, thanks to a series of technical upgrades and improvements. There are plenty of ERC20 tokens to choose from on Polygon, zkEVM, & Dogechain, which means endless options for LPing and farming.

Whether you choose to go with QuickSwap's V3 (Gamma or regular pools) or V2, earning rewards is just a few clicks away! 

Note: This governance proposal has been written by the Protofire and Atomica team -  QuickSwap is posting the proposal, discussion, and formal vote on their behalf.

The Protofire & Atomica team is proposing a grant to build a Staking Protection solution that could potentially improve user confidence and safety - this could result in increased users and TVL (Total Value Locked).

Voting yes to this proposal will result in:

1. The transfer of $15,380.00 from the QuickSwap DAO treasury to Atomica / Protofire to pay for the development of the Staking Protection protocol for QuickPerps
2. Featuring Protofire on QuickSwap’s website

What is Atomica?

Atomica is an algorithmic protocol, incubated inside Protofire, built for Web3 solutions and investors to launch their protection cover markets, offer protection to their users, or on the other side earn a yield on their capital for providing said protection. Its mission is to provide financial flexibility and reduce risk for our users by offering a range of protection cover options and underwriting capital for liquidity providers.

What is Protofire?

Protofire is a Service DAO, working with many large L1/L2 networks and DeFi protocols, building features that deliver a competitive advantage to its partners and users. Some of the recent grants received by Protofire, and what they delivered, include

• Grants from Ethereum Foundation and Optimism in 2022 and 2023 to develop and maintain Solhint, the most adopted Solidity linting tool that Protofire has developed for the ecosystem
• A grant from Balancer in 2022 to understand users’ and institutional investors' fears and demands. Protofire did a comprehensive survey including interviews and reports to drive Balancer’s strategy
• In 2023 Aave gave Protofire two Grants to develop a Credit Delegate Marketplace to increase the yields of their users while unlocking completely new use cases, using Atomica to make the process peer to pool
• A grant from Web3 Foundation in 2023 to create an Open Zeppelin-like smart contracts factory for the Polkadot ecosystem
• Multiple Grants from Chainlink to help with new network integrations, and create plug-ins for products such as Hardhat and Foundry

Protofire has already been working for some time contributing to the QuickSwap ecosystem with audits for its partners, such as Roe Finance and Giddy.

For more information about Protofire projects, visit their page https://protofire.io/projects. There you will find in-depth explanations about other projects they develop besides the grants mentioned above, which will include clients such as Gnosis Safe, The Graph, MakerDAO, 0x, Filecoin, Cowswap, and many more. 

TL;DR:

• Protofire, a Service DAO, and Atomica, an algorithmic protocol, are proposing a grant to build a Staking Protection solution for QuickPerps
• The proposal is to transfer $15,380.00 from the QuickSwap DAO treasury to Atomica / Protofire to fund this operation on QuickPerps and feature Protofire on the QuickSwap website
• A governance discussion will first take place on the official QuickSwap Discord & Reddit and will run until Saturday, August 5 at 12:00 PM UTC
• Once the Discord & Reddit discussions conclude, a formal Snapshot vote will begin and run from Saturday, August 5 at 12:00 PM UTC until Wednesday, August 9 at 12:00 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

Motivation

Surveys of large liquidity providers and depositors in major DeFi protocols such as Balancer conducted by Protofire, showed that most LPs will increase their deposits by 2-10x given that their risk concerns are addressed in the form of Risk Mitigation and Insurance (Risk Transfer) solutions.

A comprehensive Insured Deposits product for DeFi is still a complex and not fully addressed goal in the Web3 space. The risks involved that must be covered are diverse: front-end, the infrastructure of the dApp, smart contracts, oracles, necessary integrations, and finally the underlying assets (tokens) involved. 

A truly comprehensive protection that does not deceive users requires the purchase of multiple protections combined, which can be triggered individually. Therefore, the total cost of such cover is still very high. An example: to set up a USDC/USDT deposit protection for a Beefy pool using the insurance platforms available on Web3 would cost (as of May 11th, 2023) 9.21% per year (Beefy protocol risk: 3.06% per year; USDC depeg risk: 5.19% per year; USDT depeg risk 0.96% per year). 

Scope of Work

Milestone 1 - Waitlist Activation: 

Protofire will provide an embeddable widget to be added to the Liquidity tab of QuickPerps, so they can test and gauge Liquidity Providers’ demand for protection. A drop-down menu will allow users to sign up for a waitlist to get protections like: 

• Smart contract hack risk and Oracle attack 
• zkEVM availability & zkEVM bridge risk 
• Stablecoin depeg risk (USDC, USDT, DAI) causing QLP value loss

• Users could secure their spot on a waitlist using email or a Telegram bot - the team intends to test different annual costs (A/B test) to also have a signal on premium costs.

  

  Milestone 2 - Protection for QuickPerp QLP Stakers:

  Protofire will develop and deploy a QLP  Staking Protection feature for QuickPerps Liquidity Providers with the following tiers of protection: 

  • Up to $100K insurance for new Liquidity Providers who stake their QLP to attract new LPs, predominantly institutional. Free protections may include principal losses caused by: 
  • Smart Contracts hack, bugs, or economic design flaws
  • Oracle manipulation attacks
  • Depeg of QLP underlying stablecoins (USDC, USDT, and DAI)

  

  Milestone 3 - QLP stakers can activate optional insurance protection at market rate

  Additional protection for Premium QLP stakers who want to upgrade their protection could be purchased directly on QuickPerps UI, with low friction. Those protections may include principal losses: 

  • Smart contracts hack, bugs, or economic design flaws
  • QuickPerps frontend and Web2 infrastructure
  • Oracle manipulation attacks separate per solution (Pyth, API3, In-house Oracle) 
  • Global depeg or deep impermanent loss of QLP underlying assets (ETH, BTC, MATIC, USDC, USDT, DAI)
  • Governance attacks, the listing of new assets on the QLP basket
  • zkEVM-related risks (bridge contracts, vulnerabilities, unavailabilities)

  

  

  

  Milestone 4: QuickSwap Safety Module 

  3. Protofire will develop and deploy a QuickSwap Safety Module, similar to the Aave Safety Module, where external underwriters will be able to add liquidity for the different risks involved and get different APYs by doing that - QuickSwap and Protofire will jointly market these pools.

  

  4. Users will be able to deposit QUICK, QUICK/MATIC LP tokens, and stablecoins to protect the protocol and earn yield. By deploying on leveraged pools covering multiple risk markets, APY could be 60%+. 

  5. The premium cost of protection could be deducted from the yields of QLP staking and also paid with revenue coming from the premiums of additional cover purchased by large LPs.

  

• Cost & Timeline

  QuickSwap’s investment (final price) will be $15,380. This price covers the following features: 

  • Perform a survey to gauge and test the Liquidity Provider’s demand for protection using the “Liquidity” tab on QuickPerps
  • Set up and deploy a protection product and create a policy wording that will describe when the user will get paid in case of a hack, bug, depeg, etc. 
  • Setup and deploy of up to 10 (ten) risk markets: QuickPerps smart contracts, Oracle risks, stablecoin depeg
  • Setup of 3 (three) liquidity pools per market (junior, mid, and senior) and 1 (one) reinsurance pool
  • Integration with QuickPerps app for deposits to check available and active coverage using the Atomica widget
  • Create a webpage to attract additional liquidity (Safety Module)
  • Raise capital to bootstrap liquidity on 2nd loss pools along with QuickSwap

  Safety Module Revenue Model

  • QuickSwap treasury will receive 10% of the revenue from premiums
  • Protofire will receive 10% of the revenue from premiums 
  • 10% of the revenue will be invested in risk mitigation projects for QuickPerps such as audits, monitoring, etc.
  • 70% of Premiums go to Safety Module stakers who earn these premiums as real-time yield on the staked QUICK and all forms of QUICK derivatives
    • For example: ERC-20 QUICK/MATIC Gamma pool tokens, MATIC, LSDs like stETH, WBTC - any token listed as collateral in a Safety Module - just as some AAVE token holders earn yield from staking bare AAVE and Balancer pool tokens such as AAVE/ETH LP tokens into an Aave Safety Module

  Timeline

  Protofire/Atomica estimates the development time of Milestones 1 and 2 to take 5-6 weeks from approval. Milestone 3 development time will depend on which and how many additional protections for premium users the QuickSwap DAO will want to create. The high-level activities that will be executed to develop Milestones 1 and 2 are: 

  • Ideate and design the protection product for the MVP, including policy wording that will describe when the user will get paid in case of a hack, bug, depeg, etc. 
  • Perform a survey to gauge and test the Liquidity Provider’s demand for protection using the Liquidity tab of QuickPerps
  • Set up and deploy the insurance product on Atomica, including up to 10 (ten) risk markets, up to 3 (three) liquidity pools per market, and 1 (one) reinsurance pool
  • Integration with QuickPerps app for deposits to check available and active coverage using the Atomica widget
  • Test of complete user flow on adjustments
  • Create a webpage to attract additional liquidity (Safety Module)
  • Raise capital to bootstrap liquidity on 2nd loss pools along with QuickSwap
  • Final deployment and tests

  

QuickSwap has become the first platform in the Web3 space to host a Polygon zkEVM Interactive Dashboard. Running on the NEAR Blockchain Operating System {BOS} the application dashboard is designed to vastly enhance the zkEVM dApp accessibility and discovery process for new existing users and developers.

Since its March 2023 launch, Polygon zkEVM has been recognized as DeFi’s best-in-class zero knowledge scalability solution. As an unrivaled, EVM-equivalent Layer 2, zkEVM is more poised than ever to begin scaling up its user base and application count alike. 

QuickSwap is excited to be the first zkEVM DeFi protocol to host an interactive dashboard on the chain - a major first step in the onboarding process to bring users into the ecosystem.

The Dashboard at a Glance

Polygon zkEVM’s interactive dashboard has multiple Polygon zkEVM dApps directly through the interface, meaning anyone can quickly access them through QuickSwap with a click of a button. For developers, the accessibility of composable components from leading zkEVM ecosystem applications will make frontend development of new and innovative apps easier than ever before.

QuickSwap’s dashboard will have its own dedicated page, starting off with these featured zkEVM projects: PancakeSwap, Gamma, and Balancer.

Bringing Mass Adoption to zkEVM

Since the QuickSwap DEX’s inaugural launch on Polygon PoS, QuickSwap’s founding mission statement has been twofold: to serve as a bedrock for the development of a robust DeFi landscape on Polygon and pioneer the development of Polygon technologies and the growth of the broader Polygon community.

Following a two-year run building out a Polygon-native DeFi scene and bringing more on-chain activity to the Polygon ecosystem, QuickSwap is on mission to do the same for zkEVM.

In May 2023, QuickSwap launched a governance discussion and formal vote to expand the scope of funds reserved for DAO liquidity mining rewards that are currently being used to incentivise LPs to contribute liquidity to the DEX. The community requested that the contributors provide more specific use cases and granularity. 

Per the community’s request, QuickSwap is re-introducing a revised proposal that dives deeper into more detailed use cases and case studies for the expansion of the scope of funds reserved for DAO liquidity mining rewards. Additionally, this proposal has been co-written with community members and potential partner ApeSwap. Please see the section ‘Liquidity Mining Incentives - Bonds’ for the ApeSwap contribution. 

QuickSwap wants to be as open and transparent as possible - dragons take care of their own and QuickSwap is making sure the community’s voices are heard!

Given that the state of DeFi is rapidly growing and evolving, regular LP reward programs no longer provide the full or most effective firepower needed to help protocols remain competitive across the landscape. Projects are exploring other new and exciting ways to boost protocol activity, drive engagement, and build communities in DeFi as a major value-add - while protocols still continue to use vanilla liquidity mining reward programs to incentivise users, they’re becoming more of a base layer and bootstrapping method than an optimised additional layer for new growth and user acquisition. As a reminder from the previous proposal, QuickSwap has big plans for 2023 and beyond to deploy new and exciting products, with QuickPerps being the hallmark of what the DEX has launched so far this year - the QuickSwap team sees this as an amazing opportunity to ignite growth for these new products, especially amidst the rising interest in the DeFi sector. Additionally, these new strategies can be more efficient than vanilla liquidity mining campaigns, which would allow the community to lower overall emissions for the same or better results.

The purpose of this governance discussion is to ask the QuickSwap community if 1. The scope of funds reserved for liquidity mining should be expanded to include other strategies such as trading/volume incentives & competitions, bonds, quests, and other user acquisition campaigns, initiated either exclusively by QuickSwap or in collaboration with other platforms, and 2. Emissions should be lowered and used more efficiently. 

TL;DR:

• QuickSwap currently issues liquidity mining rewards to incentivise LPs to contribute liquidity to the QuickSwap DEX and QuickPerps protocol
• QuickSwap is asking the community if the scope of funds reserved for liquidity mining incentives should be broadened to include more efficient growth-focused trading/volume incentives like volume mining, competitions, bonds, quests, marketing & other user acquisition campaigns
• Examples of how QuickSwap intends to utilise the funds are outlined in detail below, along with several case studies of successful campaigns run with prominent Quest platforms
• To start, the governance discussion on the official QuickSwap Discord & Reddit will run until Thursday, July 20 at 12:30 PM UTC
• Once the Discord & Reddit discussions conclude, a formal Snapshot vote will begin and run from Thursday, July 20 at 12:30 PM UTC until Monday, July 24 at 12:30 PM UTC
• Once you’ve read this entire blog post, make sure to visit the official QuickSwap Discord server & Reddit discussion forum to share your perspective with your fellow community members

Plan & Use Case Overview

3 Main Categories: 

*Liquidity Mining Incentives (Old & New)

*Volume Incentives

*User Acquisition and Marketing

With QuickSwap’s plans to add more products and utility to the DragonFi ecosystem, deploying new strategic tactics will help acquire more users (while also engaging the existing community, stay competitive across the DeFi market, and spark greater adoption overall. Quests and campaigns will be tailored towards a wide variety of on-chain DeFi and social tasks, including swapping, providing liquidity, farming perpetual swap contracts, and more across Polygon PoS, Polygon zkEVM, and Dogechain. 

This will ultimately result in greater volume, more trading fees (equaling greater revenue for QuickSwap LPs), and ultimately higher liquidity. Not only will this increase interest and adoption for the QuickSwap DEX but also the 3 blockchain ecosystems it’s built on. Also, arguably the most important point is that QuickSwap will have a greater opportunity to attract new, loyal users that will be retained for the long term, driving sustainable growth and adoption.

To better understand how QuickSwap is proposing to adjust and distribute rewards, let’s dive deeper into the emissions model (please note that all numbers noted throughout this proposal below are denominated in New QUICK).

Currently, QuickSwap has enough QUICK in the DAO treasury assigned to liquidity mining to incentivise up to around 1,100,000 QUICK per day in rewards (as per the original tokenomics, with a 4-year emissions schedule). Below are the approximate averages of liquidity mining incentives given over the last 6 months. As you can see, the protocol has actually been giving much less than the maximum cap, which is why QuickSwap has enough rewards that if current emissions continued, QuickSwap could sustain rewards for another 3.5 years. The community had originally budgeted rewards for 4 years, and QuickSwap is almost 3 years through the original 4 years. If QuickSwap were to continue at the current rate, rewards would last a total of almost 6.5 years instead of the original 4 years. In simpler terms, QuickSwap is giving, and suggests that there should be less inflation than originally planned. The current proposal is to lower the official emissions cap from the current approximately 1,100,000 QUICK per day to a maximum of 450,000 QUICK per day. Additionally, with more precise and flexible reward strategies, QuickSwap may be able to lower emissions further and/or get better results with the same amount of rewards. 

Below is a breakdown of the incentives QuickSwap has been distributing:

• 300,000 QUICK/day January
• 300,000 QUICK/day February
• 320,000 QUICK/day March
• 350,000 QUICK/day April (ZKEVM V3 Launch)
• 375,000 QUICK/day May (ZKEVM QuickPerps Launch)
• 340,000 QUICK/day June

Furthermore, since all current rewards are being used for liquidity mining, this new structure would allow QuickSwap to move a small amount of these rewards for the areas mentioned above which will be explained in detail below. 

In addition, reducing the emissions from approximately 1,100,100 to 450,000 QUICK per month would allow QuickSwap to extend rewards distribution over a longer period of time - the current emissions model is enough for rewards to be distributed for another 1-2 years, whereas the newly proposed emissions of 450,000 QUICK per month would extend rewards for 3-4 years.

If QUICK is outperforming the market, QuickSwap will continue to lower emissions wherever possible.

New Proposed Hard Caps (Maximum): This would be the maximum amount usable in times of need, such as when launching a new product to bootstrap initial liquidity, or if another protocol is doing a vampire attack. This is how we were able to defend against the Sushi vampire attack 2 years ago, and how we’ve been able to defend against Uniswap’s launch on Polygon as well. Many new players will be coming to zkEVM soon, and QuickSwap needs to be able to act quickly if they launch vampire campaigns either targeted directly at the QuickSwap DEX, or generally (SushiSwap, for example, put a button with a “Migrate liquidity from QuickSwap” right on their website). We increased rewards to all of the pairs they were attacking, and we won that battle in the long term, even though they did surpass us in liquidity for a brief period of time. Now they have a small fraction of our liquidity on Polygon PoS and we have over 1000x their liquidity on zkEVM, but they haven’t launched any rewards yet. As you can see above, we typically raise rewards for launches like Algebra, Gamma, QuickPerps, V3 on ZKEVM, etc. to bootstrap initial liquidity, then steadily lower them after the launch. 

New Suggested (Guideline): This is what we’d be using currently, and in normal non-launch, non-defensive times.

New Proposed Hard Caps (Maximum): 

• Total: 450,000 QUICK/day
  • Liquidity Mining Incentives: 360,000 QUICK/day
  • Volume Mining Incentives & Trading Competitions: 70,000 QUICK/day
  • User Acquisition Strategies & Marketing: 20,000 QUICK/day

New Suggested (Guideline): 

• Total: 320,000 QUICK/day 
  • Liquidity Mining Incentives: 265,000 QUICK/day
  • Volume Mining Incentives & Trading Competitions: 43,000 QUICK/day
  • User Acquisition Strategies & Marketing: 12,000 QUICK/day

The next 3 sections dive into more detail regarding the above-proposed emissions caps and how QuickSwap intends to use the rewards.

Liquidity Mining Incentives

Vanilla Liquidity Mining

QuickSwap has already been offering vanilla liquidity mining rewards on an ongoing basis that the community is already familiar with, and will continue to do so. These are the normal LP mining rewards you all know about. 

Syrup Pools

Syrup pools have been used on QuickSwap to allow users to earn rewards in project tokens in return for staking QUICK - this proposal also factors in the potential use of allocated rewards for incentivising syrup pools. We have backed off on these for the most part since they haven’t been as efficient in the bear market, but we will leave these in as an option if they make more sense during better market conditions. 

Bonds

This part of the proposal was co-written by ApeSwap and outlines the allocation of a percentage of monthly rewards to foster the launch of a new product: QuickSwap Bonds. The bonds function to provide QuickSwap with protocol-owned liquidity, letting users exchange their Liquidity Pool (LP) tokens for single-asset tokens at a discount. These discounted tokens are packaged into a QuickSwap Bond NFT.

Owners of a bond NFT can claim these discounted tokens according to the vesting schedule specific to each bond. Essentially, QuickSwap exchanges users' LP tokens for discounted tokens, bolstering the treasury to construct lasting, sustainable liquidity as an alternative to the conventional short-term rented liquidity from a farming protocol.

In summary, users obtain tokens at a discount, and QuickSwap enhances its liquidity in a sustainable manner, thereby boosting Total Value Locked (TVL) through these emissions.

Furthermore, the bond feature extends beyond offering $QUICK tokens, enabling other projects to leverage these features to establish their own long-term liquidity on QuickSwap. This opens avenues for us to reduce liquidity mining emissions to projects that would otherwise have participated in Dragon’s Syrup. Projects can use their tokens in bonds, fostering additional liquidity on QuickSwap without relying on the $QUICK token.

To ensure the success of our new bonds, we are partnering with ApeSwap, the pioneers of this product, which was introduced in April 2022 as a response to a bear market. ApeSwap identified that several strong protocols were facing challenges due to ineffective liquidity management and sourcing methods.

Traditional yield farming (or liquidity mining), popularised during DeFi Summer, has had a detrimental impact on the industry. The surge of hyper-inflationary liquidity incentive mechanics flooded the market with excessively diluted tokens lacking substantial backing.

One critical concern has been the influx of mercenary capital deployed in high-yield LP farms, exploiting the rewards, devaluing the reward token, withdrawing their liquidity, and moving to the next yield farm.

Bonds address this issue by enabling protocols and the DEXes built on them to acquire their liquidity through purchases rather than endless renting via farms.

An exemplary case is DappRadar, one of ApeSwap's earliest and most significant bond partners, which carried out multiple bond sales using their native $RADAR token. Over ten months, they deployed $595,054 of $RADAR tokens into bond sales, achieving an average Return-On-Emissions (ROE) of 84.01%, amounting to $499,924. In a conventional liquidity mining setup, this would equate to a near-zero ROE, as liquidity tends to dry up once rewards cease.

However, with bonds, DappRadar was able to spend the same budget to secure permanent liquidity of $499,924, owned entirely by themselves. This strategy has proven successful for numerous ApeSwap partners since the bond product's inception a year ago.

We are thrilled to collaborate with ApeSwap and bring these progressive DeFi 2.0 liquidity mining strategies to QuickSwap.

Volume Mining Incentives

This is one of the most important parts of this governance proposal. To help further boost volume and on-chain activity across the QuickSwap platform as a whole, the team believes that volume mining and trading competitions will be essential given the incentives they can offer and successful applications from other platforms. 

For example, volume mining initiatives would provide users with rewards (QUICK emissions) that are based on volume and fees generated instead of just simple liquidity mining. This will increase APY to liquidity miners while simultaneously positively affecting volume and revenue as well as statistics/analytics across the board. 

dYdX, a popular decentralised perpetual exchange platform, distributes rewards to traders every 28 days (around 1,582,192 DYDX tokens) where users earn rewards proportional to their fees paid divided by the total fees paid by all traders during a particular epoch. This has worked extremely well for them, and they actually give about 4x the amount to volume mining than liquidity mining as it’s been so efficient for their growth of both volume AND liquidity. 

Level Finance also offers trading incentives to its users, where a total cap of 30,000 LVL tokens is given out per day across multiple chains. This is broken out in two ways - a Ladder program (helps scale LVL incentives by encouraging more trading volume and fees on their platform, where rewards are distributed to the top 20 traders on the leaderboard each week) and a Loyalty Program (users paying any type of platform trading fee receive lyLVL tokens, and 5,000 LVL tokens are allocated per day is distributed to the most loyal traders, depending on the various amounts of lyLVL they receive/earn).

Trading competitions are another way to encourage higher volume across the QuickSwap DEX and product ecosystem, highly incentivising users to not only trade more but also compete against one another. To add another example, dYdX also offers ongoing trading competitions called Trading Leagues where users compete with one another on a weekly basis, all with different entry requirements and prizes.

QuickSwap would use a portion of the liquidity mining rewards (as proposed above) to offer similar types of volume mining incentives and trading competitions to remain more competitive in the market and attract (plus retain) more users, as the above trading incentive programs by dYdX and Level Finance have proven to be strong examples of successful initiatives. 

The key point here is that volume incentives provide both volume AND liquidity because volume = revenue = fees = APY. Normal liquidity mining ONLY provides APY, but not the volume side. This proposal would ensure the Dragons kill two birds with one fire breath. 

User Acquisition Strategies & Marketing

Over the past few months, QuickSwap has worked with leading Web3 campaign/quest platforms to help boost on-chain activity and broaden our horizons to target new and existing users. The goal is to continue running new campaigns for on-chain activities such as swapping, LPing, farming, decentralised perpetual swaps (leverage trading), QLP liquidity, and more, in addition to inviting other ecosystem partners into the mix to both participate and contribute as needed. Initial tests of these quests have been providing great results. The goal is to get users to try the platform, as we believe once a user tries QuickSwap & Polygon, they stick around as long-term users. 

To illustrate some of the results and progress QuickSwap has made so far, here are a few case studies of quests/campaigns that have been run:

• QuickSwap Polygon DeGens (Galxe): Starting in February 2023, QuickSwap participated in a large Galxe campaign alongside other Polygon ecosystem projects to help increase TVL for Gamma V3 liquidity pools and farms from the new integration. For this campaign, users needed to deposit a minimum of $250 in liquidity, farm their LP tokens, and hold for 3 weeks - by the end of the campaign, $250K+ in liquidity was provided
• QuickSwap on zkEVM (Layer3): Layer3 ran a quest where users were required to execute a swap of any amount on the QuickSwap DEX on Polygon zkEVM - the quest is still ongoing and has 12K+ participants to date
• QuickPerps Perpetual Trading (Layer3): In an effort to onboard users to QuickPerps and Polygon zkEVM, QuickSwap ran another quest with Layer3 that required users to make a perpetual trade (using leverage) on QuickPerps - 2.6K+ users participated and new activity on our decentralised Perpetual Exchange spiked
• QuickPerps Liquidity Providing with QLP (Layer3): This quest is currently in progress where users need to provide any amount of liquidity to the $QLP pool on QuickPerps in order to qualify - so far, 3K+ people have joined the quest and the numbers continue to increase

Layer3 also has a dedicated Dune analytics dashboard that’s specific to QuickSwap quests that have been previously run. From the charts and numbers, it’s clear that there were increases in user activity for on-chain tasks on QuickSwap on Polygon - there has also been a high retention of these users over time, contributing to new product adoption (i.e. Gamma V3, QuickPerps) and overall sustained growth.

In addition, QuickSwap is proposing to use the newly structured emissions/rewards to increase marketing efforts and help expand QuickSwap’s presence across the DeFi landscape. This is included, but not limited to, PR (public relations e.g. article distribution), KOL (Key Opinion Leader) initiatives, paid advertisements, and SEO (Search Engine Optimisation) efforts, in addition to marketing efforts surrounding regular liquidity mining, syrup pools, bonds, volume mining, trading competitions, and quests/campaigns.

Join the Discussion

As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Discord & Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.

As always, critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!

Twitter | Telegram | Announcements | Medium | Discord | Reddit

QuickSwap is excited to announce that New QUICK is listing on Binance! This is a huge milestone for QuickSwap, as Binance is the world’s largest exchange that will help spark greater adoption, liquidity, and volume for the DEX’s native token.

In addition, this listing on Binance will be key to transitioning more holders from the Old to New token.

Up until this point, only Old QUICK has been available for trading, deposits, and withdrawals on Binance. Moving forward after the listing, only New QUICK will be able to be traded, and trading for Old QUICK will be disabled.

Binance will also be completing a token conversion from Old to New QUICK - continue reading for more details on this and trading pairs that will go live.

Old to New QUICK Conversion

For any users who previously held Old QUICK on Binance, the exchange will be performing a token conversion of all Old QUICK to New QUICK at a 1:1000 price ratio beginning after July 17 at 3:30 AM UTC. Please note that the overall value of your token holdings hasn’t changed, and balances reflected in your Binance wallet are now reflected in New QUICK only.

Contract Addresses:

• Old QUICK on Polygon: 0x831753DD7087CaC61aB5644b308642cc1c33Dc13
• Old QUICK on Ethereum 0x6c28AeF8977c9B773996d0e8376d2EE379446F2f
• New QUICK on Polygon: 0xB5C064F955D8e7F38fE0460C556a72987494eE17
• New QUICK on Ethereum: 0xd2ba23de8a19316a638dc1e7a9adda1d74233368

Users can still deposit Old QUICK on Binance, which can be converted to New QUICK at a 1:1000 ratio. Please note that although deposits are still enabled for Old QUICK, the token will no longer have any trading pairs on Binance.

Deposits for New QUICK will be announced at a later date.

New Spot Trading Pairs

Binance users will be able to spot trade between the following pairs on the exchange starting on July 21 at 8:00 AM UTC:

• QUICK/USDT
• QUICK/TUSD
• QUICK/BTC

Deposits and withdrawals of New QUICK will be enabled for both the Polygon and Ethereum blockchains.

General Timeline

• July 11 at 6:00 AM UTC: Binance Simple Earn will cease support for QUICK  Flexible Products, and subscriptions will no longer be available. Binance will suspend QUICK/USDT cross margin borrowing, as well as QUICK/BTC, QUICK/BUSD and QUICK/USDT isolated margin borrowing
• July 14 at 3:00 AM UTC: Binance will no longer support the creation of QUICK Gift Cards
• July 17 at 3:00 AM UTC: Binance will suspend and delist all existing QUICK spot trading pairs (i.e., QUICK/BTC, QUICK/BUSD and QUICK/USDT) and cancel all pending QUICK spot trade orders. Binance will remove QUICK from the list of supported cryptocurrencies on Binance Pay
• July 17 at 3:30 AM UTC: Deposits and withdrawals of QUICK will be suspended. Please ensure that you leave sufficient time for your QUICK deposits to be fully processed prior to this time
• July 21 at 8:00 AM UTC: Trading will open for QUICK/USDT, QUICK/TUSD and QUICK/BTC spot trading pairs. Please note that users will enjoy zero maker fees on the QUICK/TUSD trading pair until further notice

For further details, please refer to Binance’s official announcement here: https://www.binance.com/en/support/announcement/binance-will-support-the-quickswap-quick-token-swap-and-redenomination-plan-50b38ae7b25a45a7854c94ab67a1e7d0

Frens… the Polygon ecosystem has been growing exponentially, becoming a major contender in the Layer-2 space. QuickSwap has always been Polygon-native and is proud to be the leading DEX on the network, with our dragons helping spark adoption!

As Polygon continues to rise and innovate as a chain, it’s more important than ever for users, builders, and leaders to unite so we all work together to propel initiatives forward. Collaboration is the ultimate key to success, so it’s essential that we all join forces to stay ahead of the curve.

With that, the ARLTP (All Roads Lead to Polygon) Twitter Spaces series was born! Starting in March 2023, your fellow QuickSwap dragons hosted the first of what would become a mega spaces event, bringing together the brightest minds & biggest fans across the Polygon ecosystem. More importantly, it’s a fun environment where everyone can speak their mind & talk about themselves or their project!

Every week since early March, the QuickSwap core team (Co-Founders Roc Zacharias & Sameep Singhania, along with Aztec from the LDA team) have helped host the spaces & bring the energy to the purple crew.

We’ve come a long way since day 1 and want to commemorate our progress so far, plus we want to thank all of the individuals & projects who have spoken or listened in… all of you are what truly make this special!

 Here’s a quick overview of some of the incredible milestones we’ve achieved to date:

• 16 episodes & counting (March - June 2023)
• 453,100+ cumulative listeners/attendees
• Hundreds of flagship Polygon ecosystem project speakers & attendees

Read on to dive deeper into the history of ARLTP & how you can ride the purple wave with us!

Episode 1: Where it All Began

March 9th marked the first official ARLTP Twitter Spaces where we brought 100+ Polygon ecosystem projects together to discuss the network’s past, present, and future!

3.8K people tuned in to listen to the likes of Sandeep Nailwal, Aavegotchi, Animoca, Magic Eden, Floki, Degods, and other big names taking the stage. The event lasted for almost 3 hours as we dug deep into the landscape and allowed each individual/project to speak about their contributions to the ecosystem.

Such a fun time and exciting way to kick things off! Since then, we’ve seen unprecedented growth in attendees & hype for the series.

Play the recording back to get a glimpse into a piece of history: https://twitter.com/QuickswapDEX/status/1633782736719585280 

March 2023: Following the Purple Tide

Since the first ARLTP episode was such a slam dunk, we decided to continue the craze and hop straight into the new few!

Next came Episode 2, where we talked with Polygon Labs about the Immutable partnership, zkEVM mainnet beta launch, and other key topics. We nearly tripled the number of listeners since the last spaces, hitting 8.3K total! Not bad, eh?

We finished off the month of March with Episode 3, where we dove even deeper into the zkEVM mainnet beta launch & Polygon’s future. Attendance was even higher for this one, hitting 13.2K listeners (about a 1.5x from the previous week)!

April 2023: Keep Rollin’

April kicked off with a bang as we went live with Episode 4, which was focused on everything about Polygon NFTs! For all you dedicated Polygon OGs and community members, if you’ve been following the NFT scene, you’ll know that Polygon has been stealing the show in the non-fungible pixel world. This Twitter Spaces amassed 24.9K listeners, almost a 2x from Episode 3 - pretty massive progress if you ask us!

Shortly after in mid-April came Episode 5, where we explored GameFi on Polygon with some of the network’s top projects & frens! And yes… you guessed it - the trend continued with almost a 2x in listeners (again), hitting 40K+ audience members!

As you all know, QuickSwap is big on blockchain tech and always looking to innovate. That’s where the inspiration came in for Episode 6, where we brought everyone together to discuss the latest Polygon tech & infrastructure. 13.6K community members showed up to get the full scoop on all the happenings.

Last but not least came Episode 7 to conclude our first full month hosting these spaces. Dragons love decentralisation & community, so what better way to spur conversation than to make the topic about DAOs?? This ARLTP spaces brought in our highest attendance numbers to date, with 66.9K listeners!!

May 2023: Springtime Shines #onPolygon

Who doesn’t love the Spring season? The sun is shining, birds are chirping, dragons roaring… and more importantly, ARLTP continued on!

 Polygon has been advancing DeFi in spectacular ways, especially over the past few years as they’ve grown & advanced in nearly all facets of their ecosystem. To further explore this, Episode 8 of ARLTP was all about DeFi. We saw some impressive numbers in attendee count, with 39.3K people joining!!

Next came Episode 9 as we talked about Polygon OGs, and we brought on some of the largest & most influential projects such as Multichain, Decentral Games, Aavegotchi, PolyDoge, and more. 43.5K people tuned in to get a glimpse of what the big boys were up to!

They say the 10th time’s a charm… and they’re not wrong. Episode 10 was dedicated to the community & SocialFi, where we brought aboard the likes of BitKeep Wallet, Layer3, DappRadar, EverRise, Dew, and more friends to talk about what they’ve been doing in the space from a community standpoint. With over 24.8K listeners, it was a banger for sure! 

Episode 11 was dedicated to decentralisation, featuring speakers like ApeSwap, Phantom Wallet, Aragon, Petobots, Pluto, ZenGo Wallet, Gamma, and more. For this spaces, 48.6K users joined to hear all about what these projects are doing about decentralisation across the Polygon ecosystem. 

June 2023: Purple Love Spreading Like Wildfire

We’re now in June 2023 & have continued to see interest rising for our ARLTP Twitter Spaces. So what did we do? Keep the train moving, of course!

Episode 12 was dedicated to Polygon’s latest infrastructure, named “zkEVM Explosion.” We invited projects building specifically on zkEVM to take the center stage & talk about their products & updates. It was really cool to see what the ecosystem was up to - we also talked about QuickPerps & what we’re doing to boost on-chain activity for zkEVM since launch. 56.2K listeners tuned in for what was a rootin’ tootin’ time!

Then came Episode 13, as we looked to discuss the sentiment & happenings in the AI blockchain space. AI has been a hot topic over the past few weeks, with new groundbreaking tech coming to the forefront and changing the way we interact, do business, and more. So we thought we’d talk about it, and the showing wasn’t too shabby - 25.2K listeners!

Next we hosted Episode 14, where we brought on famous politicians, lawyers, and blockchain projects to discuss regulation & the current environment when it comes to crypto. It was such a hot topic in June with everything going on that we had to bring it up, and the spaces got over 26.6K listeners!

Episode 15 was all about security, since it’s been the talk of the town recently across the blockchain space. We were joined by tons of projects like Floki, EverRise, Dogechain, De.Fi, Lossless, and more! 18.4K listeners attended for over 3 hours as we dove deep into the topic!

Last but not least (until the next episode of course) was Episode 16 for DAO Data Week. Co-hosted alongside Polygon, we rounded up top-of-the-line projects and industry leaders to talk about DAO data and the fundamental principles of these ecosystems. What a great way to wrap up the end of June!!

Join the ARLTP Army

And here we stand, folks. We’ve witnessed such impressive growth & high community sentiment since the start of our ARLTP Twitter Spaces, and it’s been a truly incredible journey so far.

We’ll continue to host these spaces weekly, every Friday at 3:00 PM UTC, to bring in more Polygon frens & give the network the attention it truly deserves.

Make sure to keep an eye out for these spaces weekly, set a reminder, and tune in on Fridays so you can catch all the important deets.

Until next time, frens!

QuickSwap’s integration with Gamma to enable V3 active liquidity management went live in January 2023. In just its first few months out of the gate, Gamma V3 has accrued almost $60M in TVL and has been a major success. Gamma V3 farms continue to deliver high rewards across the board and now play a key role in the QuickSwap product suite.

From the very beginning, QuickSwap’s goal has been not only to launch the Polygon ecosystem’s leading DEX but also to build out a complete product hub around it to support the entire Polygon DeFi scene.

Hey there Dragonites — just like you, we at QuickSwap are more excited than ever about the future of DeFi — that’s kind of why we’ve been working day and night on our forthcoming decentralised perpetuals platform, QuickPerps. But today, we want to take a step back to talk about safety and security in DeFi, so you can explore the future of finance without putting your capital in harm’s way. Freedom and responsibility are different sides of the same coin, and a few preliminary measures and simple habits can go a long way in preventing catastrophes down the road. And don’t worry: the necessary preparations don’t take a lot of time or money to put into practice, and aren’t labor-intensive.

Since its 2020 launch, QuickSwap has been issuing liquidity mining rewards to incentivise LPs to contribute liquidity to the QuickSwap DEX. As of today, the funds reserved for liquidity mining rewards make up 96% of the $QUICK token supply. Employing these funds to attract LPs and capital has been a major success, and has been instrumental in driving growth in both QuickSwap’s V2 TVL and Gamma V3 pools and farms.

Decentralisation and self-custody have always remained true to our dragon community. At QuickSwap, we care about the security of our users and are taking massive leaps forward to keep improving at making our DEX as safe as possible.

Over the past few months, QuickSwap has made major design overhauls and upgrades to optimise the swap UI. The dragon community has responded positively to these changes, as they have significantly improved the trading experience on the QuickSwap DEX.

Dragonites, the governance discussion that we’re introducing today is among the most complex and important decisions we’ve asked you to make yet. We ask you to bear with us as we outline each element.

Dragons and shibes, our communities have come together to become even stronger! We’re excited to announce that QuickSwap’s new & upgraded Dogechain UI has now been integrated into our main website domain, enhancing the DogeFi user experience on their chain.

Unmatched privacy. Ruthless efficiency. High scalability. Robust security. Our dragons have always been proponents of having these core elements as integral parts of DeFi to make it the best it can be — that moment is finally here.

We know our dragons love Polygon DeFi and its smooth, fast transactions at near-zero fees. But what if we told you that the user experience just got even better on QuickSwap?

For months, tremendous hype has been building up for Polygon’s scheduled go-live date of the zkEVM mainnet beta on Monday, March 27, 2023. They’ve deployed a series of testnets, audits, and other key measures for zkEVM throughout 2022 to prepare for this launch, and the moment is finally here.

Brave Wallet has now been added to QuickSwap, giving users another way to connect to our interface and explore our DEXs features.

We’re excited to announce that Gamma, a top active liquidity management protocol, has launched support for QuickSwap’s V3 liquidity pools and farms.

The crypto industry is in a state of crisis. With FTX and numerous centralised services going belly up, QuickSwap is prouder than ever to be a decentralised platform that never takes custody of users’ funds. The phrase “Not your keys, not your coins” has never been more poignant. While a broader industry shakeout doesn’t affect QuickSwap directly, public perception about cryptocurrency does. QuickSwap needs to increase revenue for stakers and for our foundation.

What is impermanent loss (IL)? Can you prevent IL on QuickSwap’s V3? The IL topic gets a bit more complicated when discussing the concentrated liquidity model on QuickSwap’s V3. But we’re here to help you understand how it works and hopefully figure out what you can do to avoid IL.

A lot has changed since we first introduced single-asset QUICK staking in April 2021. That’s why we’ve prepared this easy-to-follow updated guide to walk you through the process of staking QUICK and/or unstaking dQUICK from the Dragon’s Lair.

We’re over the moon about how much engagement our last airdrop campaign with CypherD Wallet brought to QuickSwap. Since we got so many high-quality new users, we’ve decided to use the feedback they provided during our last AirDrop to improve the product and do another one.

In conjunction with our partners at VersaGames, the QuickSwap team is pleased to announce the official launch of our Gaming Hub. The decision to launch a Gaming Hub powered by VersaGames was first introduced in our September 30 governance discussion. Then, on October 2, our community officially voted to feature the hub, with an overwhelming 94.1% majority in favor. So, per our community directive, QuickSwap and VersaGames Gaming Hub is live and ready to grow — now, let’s get you over there!

Update: On October 24th, QuickSwap closed our lending markets after $220k was exploited in a flash loans attack due to a vulnerability in the Curve oracle, which Market xyz was using to monitor the lending/borrowing markets. Please note, only the Market xyz lending market was compromised. QuickSwap’s contracts were unaffected, and no user funds were lost.

After a few days of discussion in our Reddit forum and across social media platforms, we’re happy to see that the community is as excited as we are about featuring a gaming hub. Thus, we will move forward with a governance vote: Should we feature a gaming hub powered by VersaGames?

In 2022, the crypto community stands in unanimous agreement: blockchain gaming is poised to play a major role in catalysing the adoption of the blockchain ecosystems and the native digital assets they support. We’ve already seen Axie Infinity players in Southeast Asia using their monthly earnings to support their families, and that’s just the beginning.

On Monday, August 1st, 2022, QuickSwap’s community voted in favor of QuickSwap featuring tasteful banner ads to increase the foundation’s revenue. We’re so grateful for your vote of confidence and thank you for helping us fund development and operations costs during a bear market.

Armadillo is offering optional insurance to protect QuickSwap liquidity providers (LPs) from Impermanent Loss (IL). As a special promotion, Armadillo is allowing QuickSwap’s LPs to try it for free for up to $1k and offering a 10% discount on the total value for those who want to try it out for larger LP positions.

QuickSwap partnered with Bhavish Finance to upgrade our predictions market. In June, QuickSwap’s community voted to feature a predictions market built by PRDT Finance. While some of our users enjoyed playing the “up/down game”, others wanted more advanced features and the opportunity to wager on more than just bitcoin. Further, the previous iteration of our predictions market generated far less revenue than we anticipated. We wanted to increase revenue for QUICK stakers and the QuickSwap Foundation, which is why we decided to work with Bhavish Finance.

QuickSwap is offering up to $100,000 to users who detect and privately report any vulnerabilities pertaining to our V3 smart contracts.

In June 2022, our community of Dragons voted in favor of acquiring an exclusive license to operate Algebra’s V3 concentrated liquidity model on our DEX. You can find all the details here: “Let’s Do Algebra on QuickSwap.”

At long last, the house of the dragons reigns supreme again. After several months of working on the integration and testing our V3 on Dogechain, we are finally ready to launch the beta of Algebra’s V3 Concentrated Liquidity model on QuickSwap’s primary chain — Polygon.

Hello, Dragons from all corners of the cryptoverse! Welcome to QuickSwap and Algebra’s V3 on Dogechain. We’re here to help you start exploring the Dogechain universe.

Update This vote concluded on Thursday, August 18th, 2022 at 9 am PDT with 34,960 total QUICK from 99 wallets. 31 thousand QUICK (88.73%) from 85 wallets (85.86%) voted in favor of QuickSwap launching on Dogechain with a new token. 3 thousand QUICK (8.55%) from 8 wallets (8.1%) voted against QuickSwap launching on Dogechain at all. 960 QUICK (2.72%) from 6 wallets (6.06%) voted in favor of QuickSwap launching on Dogechain without a new token. Below is the proposal we prepared prior to the vote. At 3 pm PDT on August 18th, 2022, we began distributing 100k DD/day in liquidity mining rewards for the wDOGE-USDC pair on Dogechain.

Update This vote concluded on Monday, August 1st, 2022 with 71.47% in favor. In total, approximately 29,300 QUICK from 95 wallets participated in the vote. Of the 29,300 total QUICK, 21,000 QUICK from 74 wallets (~78%) voted in favor. 21 wallets (~22%) with a combined weight of roughly 8,300 QUICK opposed the proposal. We are now working on selling ad spaces to interested parties, and users will soon start seeing banner ads on QuickSwap’s UI.

On June 20th, 2022, we introduced a governance discussion about the possibility of featuring banner ads on our UI to increase QuickSwap’s revenue. The community immediately responded with concerns. When dragons roar, QuickSwap listens. That’s why we’re modifying our proposed discussion. Rather than talk about featuring banner ads and sharing the revenue with QUICK stakers, we’d like to discuss the possibility of QuickSwap’s Foundation keeping 100% of the revenue from banner ads and establishing a separation between the QuickSwap Foundation and the QuickSwap Protocol, as well as address some of the other concerns that you brought to our attention.

⚠️⚠️⚠️ Update!⚠️⚠️⚠️ The community expressed many concerns about our initial proposal (outlined below), so we made revisions. Please read about the new and (we hope) improved proposal here, then join our Reddit discussion forum here.

In a compelling Twitter Spaces last week, Vladimir Tikhomirov (Algebra’s co-founder and CEO) joined Roc Zacharias (QuickSwap’s co-founder and CEO of Lunar Digital Assets), Nicole Grinstead (Mother of Dragons), and their communities to answer some of the most frequently asked questions about what QuickSwap’s acquisition of an exclusive license to operate Algebra’s V3 ‘Concentrated Liquidity’ model on Polygon means. Once the conversation got going, it flowed from a discussion about security to a more general conversation about Polygon’s expansion plans. Because some might find listening to the entire audio recording daunting, we’re provided an easy-to-follow recap below.

Ever since the community voted for a 1:1000 token split in March 2022, people have been flooding our social channels with questions about why there are 2 QUICK tokens, what the difference between them is, when New QUICK will be listed on CEXs, and when the Dragon’s Lair will switch over to offer New QUICK staking. We always said that the transition from Old QUICK to New QUICK wouldn’t happen overnight because we have to account for numerous factors.

When Coinbase announced that it would allow customers to send and receive select assets directly to/from Polygon, Polygon enthusiasts everywhere rejoiced! Although initially deposits and withdrawals are limited to ETH, MATIC, and USDC, Coinbase says that they’ll add more assets in time.

After a few days of discussion in our Reddit forum and across various social media platforms, we are excited to announce that we’re moving forward with a governance vote. Should we add a Build-a-Farm feature powered by the Cryption Network?

Update On July 15th, 2022, QuickSwap’s community voted in favor of this proposal.

Financial primitives are the backbone of DeFi. Primitives are protocols that consist of lending/borrowing, continuously compounding interest, and basically any financial product that can be created from code. At some point in their development, almost all of these products/projects rely on liquidity mining incentives to build liquidity for their asset(s), increase their value propositions, and generate demand. The problem is that currently, liquidity mining rewards require that a DEX offers them, and particularly in a bear market, DEXs aren’t able to offer incentivised LPs for every project that wants them. That’s why we’d like to discuss the possibility of adding a Build-a-Farm feature built by the Cryption Network to our UI. This Build-a-Farm feature would allow projects to create their own multi-reward, fully customisable, time and rate-controlled staking and farming contracts instantly and permissionlessly.

June was a month of significant upgrades for QuickSwap. With several governance votes and some of the most impactful platform upgrades since its inception, Dragonites are in for a ride. There might be a bear market, but we’re committed to building the best possible DEX on Polygon. Here’re all the main events that happened in June.

On June 30th, 2022, the QuickSwap community voted in favor of introducing an isolated lending and borrowing market, which we built using Market XYZ’s build-a-market tool. We are thrilled to continue adding integrations that will power our DragonFi Ecosystem.

QuickSwap is excited to announce that we’ve integrated the CypherD Wallet into our platform. CypherD Wallet users can now connect directly to QuickSwap. Additionally, QUICK holders can now see QUICK listed in the CypherD wallet natively without having to manually add QUICK’s contract address. To celebrate this integration, CypherD will airdrop 100 New $QUICK tokens to 2,000 eligible applicants. 

On June 28th, 2022, QuickSwap made history when nearly 100% of our community voted in favor of moving forward with a V3 ‘Concentrated Liquidity’ model. We’re thrilled that you’re ready to take this tremendous leap forward with us as we prepare to implement the most significant upgrade in QuickSwap’s history. Now that the vote is complete, we are proud to announce that Algebra is the development team behind the V3 license we’re acquiring. We couldn’t be more excited to continue building the future of DeFi with this incredibly talented team and community.

After a few days of discussion in our Reddit forum and across social platforms, QuickSwap is introducing a governance vote to ask if we should introduce an Isolated Lending and Borrowing Market natively on QuickSwap.

After a few days of discussion in our Reddit forum and across social platforms, QuickSwap is introducing a governance vote about the possibility of acquiring a license for a V3 ‘concentrated liquidity’ protocol.

Update: We’ve come a long way since we presented this roadmap a few months ago (today is 11/1/2022). We always said the timeline was tentative and priorities may shift depending on the market’s demand and developers’ capacity. So where are we at 4 months after releasing this roadmap? Read the sections below to find out.

As the bear market of 2022 rages on, QuickSwap must do everything in our power to increase yield opportunities and create additional revenue streams for our dex and its users. Earlier this month, we voted for and implemented a predictions market to accomplish this goal, but we need multiple avenues of growth to stay ahead of the competition. That’s why we’d like to discuss the possibility of introducing an isolated lending and borrowing market natively on QuickSwap.

Dragonites, today we are excited to discuss with you the possibility of implementing the most significant upgrade in QuickSwap’s history. We are ready to take an incredible step forward in our evolution to remain the number one DEX on Polygon. Are you, the QuickSwap community, ready to take the next step forward with us?

QuickSwap’s community has been busy in April and May. We’ve talked about and submitted multiple governance votes that will affect the future of our DEX and token. Besides the token split, and other new features that we plan to add to our new UI, we also tried our best to take good care of each other. If the last two months have proved anything, it’s that the QuickSwap community is strong, and we’re here to build a legacy.

On June 3rd, 98% of QuickSwap’s community voted in favor of featuring a Predictions Market built by PRDT Finance. You can find all the details about how the predictions market works and how it will help QuickSwap here.

On June 3rd, 2022, the QuickSwap community voted in favor of introducing a predictions market built by PRDT Finance. We couldn’t be more excited to introduce this new feature that will add revenue both to $QUICK stakers in the Dragon’s Lair and the QuickSwap Foundation.

After a few days of discussion in our Reddit forum and across social platforms, QuickSwap is introducing a governance vote about the possibility of featuring a predictions market built by PRDT Finance.

We want QuickSwap to remain a premiere DEX — a place where people can go to earn high yields, trade their favorite cryptocurrencies and have fun while they do it. But having fun isn’t quite as easy in a bear market as it is in a bull. That’s why we’d like to discuss the possibility of featuring a prediction market built by PRDT Finance.

On Friday, May 14th at approximately 12 am UTC, hijackers gained access to QuickSwap’s DNS through a vulnerability in GoDaddy — where QuickSwap’s domain was hosted. Before QuickSwap was able to regain control of our domain, several DEX users lost money by swapping through the platform. What follows is a more detailed explanation of what happened, what we’ve done to ensure something like this doesn’t happen again, and a governance proposal about whether QuickSwap should use funds from our treasury to issue an endowment to those who were affected.

UPDATED: July 9th 2023

In March, QuickSwap’s community voted for a 1:1000 token split. Since then dragons haven’t stopped asking “When token split?” Today, we have some amazing news to share. Not only is the conversion contract ready so QUICK holders can swap their Old QUICK (1 million max supply) for New QUICK (1 billion max supply), but our new UI is now in beta.

The day has finally come! There’s an easy fiat on-ramp where US users can buy MATIC directly on Polygon from their debit or credit cards, and for a limited time, it’s free! Transak is waiving all transaction fees for US customers who buy MATIC using Transak on QuickSwap for 2 weeks! That means from April 11th, 2022 — April 25th, 2022, all US users can purchase MATIC directly on Polygon without incurring any fees!

Things are really heating up for QuickSwap! In March, we voted on two of the most important governance decisions yet, many new users adopted our new User Interface, we added several new liquidity pools, and we gave away millions in Dragon’s Syrup, the Dragon’s Lair, and liquidity mining rewards.

On March 23rd, 2022, QuickSwap’s community voted in favor of a 1:1000 token split. This means that QUICK’s supply will increase from a 1 million max supply to a 1 billion max supply. Read more about how this token split will affect you below.

As we recently demonstrated in a Twitter thread, QuickSwap’s native token ($QUICK) has tons of utility. In fact, it has more utility than most DEX tokens. Yet, QUICK’s market cap is significantly lower than many others. That’s why we’re thrilled that our community recently voted to do a token split to increase QUICK’s max supply. As of now, it looks like $QUICK will soon have a max supply of 1 billion (rather than its original 1 million max), but we’ll know more when the vote concludes tomorrow (on 3/23).

The first phase of our governance vote just concluded. 93.19% voted yes in QuickSwap’s proposal to do a token split to make QUICK more appealing. Now, we will move on to the next phase of our governance vote. Should QuickSwap split QUICK by 1:100 or 1:1000?

Did you know that you can connect and use Trust Wallet with QuickSwap? Since QuickSwap wants to help all crypto investors access the best features of the DeFi space, we support most popular cryptocurrency wallets. In our active community Telegram group, we frequently get asked questions about how to use Trust Wallet with QuickSwap, so we decided to write a step-by-step guide explaining how to do so.

QuickSwap is introducing the first phase in our governance vote about whether or not we should do a token split to make $QUICK — our native governance and utility token — more appealing.

Just two months into the new year and QuickSwap is off to a great start. January saw the announcement of our three-way partnership with Polygon and CelsiusX. In February, that partnership came into full bloom. We also launched our much anticipated new User Interface, added several new liquidity pools, and gave away millions in Dragon’s Syrup, the Dragon’s Lair, and liquidity mining rewards.

TL; DR:

• Many hodlers of QuickSwap’s native governance and utility token have suggested that $QUICK is undervalued compared to other similar tokens
• We would like to start a discussion about the possibility of doing a token split to multiply QUICK’s total supply (currently, QUICK’s max supply is 1 million)
• While we still believe that scarcity is important, a year and a half into the project, we now realize that unit bias is critical and increasing the supply does not reduce its scarcity

TL; DR:

• The three way partnership between QuickSwap, CelsiusX, and Polygon is officially underway
• Together, these three titans of finance are bridging the gap between CeFi and DeFi
• This partnership will bring millions of new users and added liquidity to QuickSwap and the Polygon Network and $10 million in rewards for liquidity providers of select pairs
• CelsiusX will continue focusing on bringing additional non-EVM native assets to Polygon
• Below, we will explain how we found the perfect threesome and the benefits for each participant

TL; DR

• After months of development, QuickSwap’s new User Interface is finally here
• To combat any potential security issues, we have launched our new UI as an alpha
• Some of the features you’re used to may display differently in QuickSwap’s new UI and some features are new
• This guide is a complete tutorial on how to use QuickSwap’s new User Interface
• You can access QuickSwap’s new UI here: https://alpha.quickswap.exchange/
• Warning QuickSwap’s front end is still under audit. Users are encouraged to experiment with the new UI at their own risk
• As of March 29th, 2021, QuickSwap’s new User Interface had successfully passed a rigorous Intersoft audit. The team is now preparing to launch the UI as a beta

TL; DR:

• After several months of development, QuickSwap open-sourced the code for our new UI last Thursday
• The alpha of our new UI will be useable tomorrow, on Thursday, February 10th
• This bug bounty will run from now until the audit of our code is complete sometime between February 24th and March 3rd
• QuickSwap is offering a bounty (paid in $QUICK) to anyone who finds a security vulnerability in our code base and reports it privately.
• All rewards are at the discretion of the team
• To report a bug, please fill out this form with as much detailed information as possible
• Warning: QuickSwap’s front end is still under audit. Users are encouraged to experiment with the new UI at their own risk

A brand new year has just begun! In January, you voted and we changed to a new rewards structure, we added several new liquidity mining pools, and we gave away millions in Dragon’s Syrup and liquidity mining rewards.

TL; DR:

• After several months of development, QuickSwap is proud to announce that our new UI is launching
• As of our Twitter Spaces with Alex Mashinsky (Celsius) and Sandeep Nailwal (Polygon), the code for QuickSwap’s new front end UI is now open-source
• We intend to launch the new UI (in alpha) 1 week from today (February 10th, 2022) if no critical bugs or vulnerabilities are discovered
• We intend to launch the beta of our UI after the audit is complete, 2–3 weeks after we launch our alpha, between February 24th-March 3rd
• Warning: Our front end is still under audit. Users are encouraged to experiment with the UI at their own risk

Coincidence or not, every Chinese New Year, the price of crypto, and especially Bitcoin, has gone on a downward trend. This trend is known as the “Chinese New Year Dump”, and some have issued theories about this being a multi-year Bitcoin crash pattern.

Regardless of your predictions and personal theories, the proof is in the pudding. So let’s dig it out.

TL; DR:

• 95.64% of QUICK and dQUICK holders recently voted to increase stakers’ freedom by separating the Dragon’s Lair from Syrup Pools
• This change to our rewards structure will impact QUICK and dQUICK stakers in a variety of ways:
• Separating the Dragon’s Lair from Syrup Pools will give stakers the freedom to either earn more QUICK via the Dragon’s Lair or earn rewards tokens via Dragon’s Syrup, or some combinations thereof, just not using the same QUICK token simultaneously
• This will increase the APYs of both the Dragon’s Lair and Syrup Pools since they will no longer be split amongst users
• This change to our rewards structure will impact all Syrup Pools that begin after the vote was finalised on January 14th, 2022 at 10pm UTC
• Stakers in existing Syrup Pools will continue to accrue syrup rewards while they also earn QUICK in the Dragon’s Lair until those pools expire. The last Syrup Pool with the dual rewards structure will end on April 6th, 2022
• Liquidity providers for incentivised pools will continue to be rewarded in $dQUICK, which is automatically staked in the Dragon’s Lair and begins accruing interest immediately
• Liquidity providers who prefer to earn rewards in the various tokens available in Dragon’s Syrup pools that begin after today (January 14th) will first need to unstake their dQUICK from the Dragon’s Lair and then stake their QUICK in the Syrup Pool(s) of their choosing
• QuickSwap will implement this enhanced freedom nearly immediately. New Syrup Pools with a single rewards structure will begin early next week

2021 was a year of whirlwind growth and development — for QuickSwap, Polygon, cryptocurrency, and many of our DEX’s loyal users. As the brutal virus that took the world by storm in 2020 continued to ravage the world’s population, economy, and industry, QuickSwap thrived in spite of the dollar’s rapidly declining purchasing power. Our sincerest hope is that 2022 will bring more great fortune for QuickSwap and improved circumstances for our Dex’s many users who haven’t been as lucky in these past difficult years.

To put it simply, wMATIC is “wrapped MATIC”, but before we get into that, let’s begin by introducing some core concepts:

First, there’s the MATIC token

Though it was originally built on the Ethereum blockchain, MATIC is the native currency of the Polygon Network.

This guest blog was written with help from Archain Crypto — one of QuickSwap’s star Dragon Riders.

As users continue to flock to Polygon and QuickSwap, congestion on the network is at an all time high. What this means is that many transactions get stuck in pending. This blog post will explain what a pending transaction is, how to push pending transactions through, and how to avoid pending transactions.

TL; DR:

• Last week, we introduced a discussion forum about whether QuickSwap should change our rewards structure to separate Dragon’s Lair staking from Syrup Pools.
• If approved, this would mean that users could either stake their QUICK via the Dragon’s Lair to earn more QUICK or stake their QUICK to earn rewards tokens via Dragon’s Syrup, or some combination thereof, but they would not be forced to choose both at once.
• To be clear, users can still have the Dragon’s Lair and drink their Syrup too, just not with the same QUICK token simultaneously.
• This will increase the separate APYs of both Dragon’s Lair and Dragon’s Syrup pools, since they will no longer be split amongst users. Overall total payouts will not change.
• Additionally, this change will attract large institutional investors who do not want to actively manage their funds by withdrawing from Syrup Pools as they expire.
• After much debate, it seems that the majority of our active community is on board with this proposal. Thus, we will introduce a governance vote.
• The snapshot for the vote will take place on Friday, January 7th.
• The vote will begin immediately after the snapshot and will run until Friday, January 14th.
• Details about the proposal, voting eligibility, and how to participate in QuickSwap’s upcoming governance vote follow.

In the months since QuickSwap launched Dragon’s Syrup, we’ve distributed millions of dollars in rewards to $QUICK and $dQUICK stakers who use our platform to farm additional tokens. But what can you earn right now?

What follows is an alphabetical list of every token currently available via our Dragon’s Syrup program, how much the pool is worth (in USD, at the token’s starting value), and what date the syrup pool will end. We’ll update this list regularly to include each new pool we launch.

Dragonites, we’re excited to announce that you can now connect BitKeep wallet to QuickSwap. BitKeep is a multi-chain cryptocurrency wallet that can be used on any Androi or iOS mobile device and also works as an extension on Chrome and Brave desktop browsers.

QuickSwap recently added BitKeep to its list of supported wallets, alongside MetaMask, Vently, Portis, Coinbase wallet, and WalletConnect. We’re delighted to be opening up QuickSwap to BitKeep’s many loyal users. In this short step-by-step tutorial, we will show you how to use your BitKeep wallet on QuickSwap.

QuickSwap is now using CCTipbot to securely tip users in QUICK on Twitter and soon on Telegram. Are you ready to hoard your treasure Dragon lovers?

Good, because we’ve funded our CCTipbot, and we paid out the winners of our recent meme contest on Twitter this morning. Congratulations to IceColdCandy (meme featured above) for winning first place, and a big thanks to our runners up: CrypTech, Brad, and Raul Bedoya Ching.

Now, we’ll show you how you can easily claim your QUICK tips! It’s all free and you can do it in a few easy steps.

This guest blog was adapted from “DeFi the odds” by Archain Crypto — one of QuickSwap’s star ambassadors. As a thank you for providing this awesome outline, we’ve used Archain’s referral link throughout this blog.

As Archain aptly noted, dragons love treasure, so naturally, we prefer to spend as little as possible when transporting funds from Ethereum to Polygon for use on QuickSwap. That’s why Archain prefers the Crypto.com on-ramp. At QuickSwap, we’re big fans of crypto.com too, so we adapted this tutorial to show our users how they can easily, quickly, and inexpensively buy crypto with fiat and then stake it on QuickSwap.

I was out flying with my friend the other day when he screeched, “I’m running out of gas!” As he rapidly fell from the sky, I raced over to try and catch him.

“How are you running out of gas?” I asked. “Aren’t you using QuickSwap?”

He screamed, “Yes, when I can, but the token I want to buy isn’t listed on QuickSwap yet.” That’s when I realised: Not everyone knows that anyone can create a liquidity pool on a DEX. Like all decentralised exchanges, QuickSwap is permissionless, so anyone can add a new token or pair to the exchange at any time as long as they are willing to provide liquidity for the pair.

Dragons are popular! As Polygon and QuickSwap’s user base continues to rapidly expand, more and more of our users are requesting the ability to test QuickSwap on Polygon’s Mumbai Testnet. Today, we’re excited to announce that we’ve added that functionality so that new users will have the opportunity to experiment with how our DEX works before they deploy real funds.

In yesterday’s spellbinding AMA, QuickSwap’s co-founders — Sameep Singhania and Roc Zacharias — joined the community’s Telegram to answer everyone’s most burning questions. Once there, the discussion evolved from plans for the DEX’s future to how UniSwap launching on Polygon will affect QuickSwap. Because some might find reading through the AMA a bit unmanageable, we’ve provided an easy-to-follow recap below.

If you’d like to read the full conversation in all of its chaotic glory, you can do so by starting here.

Update: This guide explains how Impermanent Loss (IL) works with examples using our V2 DEX. Our V3 ‘concentrated liquidity’ model is different, and IL is different on V3 as well. Here is a link to a guide that explains how IL works on V3.

One of the most frequently asked questions we hear at QuickSwap is “what are impermanent losses” and “how can I prevent them”? We understand that you want to protect (even increase) your hoard, and you may have heard that providing liquidity on a DEX is one way to do that. It’s true that many have had great success liquidity farming on AMMs. Yet others have suffered from massive impermanent losses that they’ve made permanent. So first, what does that term even mean?

Dragons love treasure. At QuickSwap, we want to help you earn even more! For the next five days, we’ll be guiding you through QuickSwap-related resources to increase your knowledge and awareness of the biggest DEX on Polygon — Ethereum’s foremost layer 2 scaling solution.

TL;DR

• Dual farming yields rewards in two crypto assets and often increases profits
• QuickSwap has launched dual farming rewards for select Matic pairs
• Liquidity providers to select pools will receive rewards in both $MATIC and $QUICK
• Learn how to receive LP rewards in both QUICK and MATIC today

Following QUICK’s listing on Crypto.com, we’re excited to announce that QuickSwap’s RSS feed has been successfully integrated onto the user-friendly platform Crypto.com QuickSwap Price Page. With this development, millions of Crypto.com’s users can now directly access QuickSwap news and updates on a familiar web interface.

TL;DR:

• In our recent governance vote, over 97% of QuickSwap’s community voted to bring Sandeep Nailwal onto our advisory board
• We’re thrilled that so much of the community agreed with our proposal and officially welcome Sandeep to the QuickSwap family
• We’re confident that in his official advisory role, Sandeep will contribute even more than he already has to QuickSwap’s development

After our most recent governance vote in which a whopping 99.99% of voters elected to call our Ambassador program the Dragon Riders, we are thrilled to introduce it! (Dragon Riders was our favorite choice too!)

If you’re one of QuickSwap’s many active and engaged community members and you want your voice to be heard in shaping Polygon’s premiere DEX, now is the time to get involved!

TL; DR:

• A recent governance vote revealed that over 99% of voters favored having their earned QUICK automatically staked to immediately begin earning compound interest.
• Following our one week delay, QuickSwap is back on track to start issuing liquidity mining rewards in the form of $dQUICK, beginning today, October 6th, 2021
• We’d like to thank the entire community of $QUICK holders for allowing us to take an extra week to ensure that everything is working properly with the new contracts.
• We’re thrilled to report that it is!
• We want to ensure that all of QuickSwap’s liquidity providers know exactly what they’ll need to do to continue earning LP mining rewards when the changes go live, so here’s a tutorial

TL; DR

• QuickSwap has sponsored two new Chainlink Price Feeds for QUICK/USD & QUICK/ETH, enabling DeFi applications to add functionality for our native token
• This is the first step of many in a long-term incorporation with Chainlink and the many decentralised services it provides
• Integrating with Chainlink equips QUICK with the added infrastructure necessary to enable the token’s further integration across Polygon’s rapidly-growing DeFi network
• We’re thrilled to be working with Chainlink — the leading decentralised blockchain oracle network — to provide $QUICK with added utility and QUICK’s holders with even more opportunity

TL, DR:

• QuickSwap will be one year old this month!
• To celebrate, and help bootstrap some additional liquidity onto the DEX, Polygon has provided us with $1 million in $MATIC to offer dual farming rewards for select pairs — similar to the campaign they funded that helped Aave grow massively on Polygon.
• We will match and exceed all funds provided by Polygon in $QUICK rewards over the coming months
• Stay tuned for more information about all of our upcoming birthday celebrations

TLDR

• To help increase QuickSwap’s exposure and involve our community, we’re launching an Ambassador program
• Selected Applicants will be rewarded in $QUICK for contributing to QuickSwap’s education, marketing, and outreach efforts
• Help us name the program to determine what our ambassadors are called
• In our governance vote, choose between Dragon Riders, Dragon Tamers, Elder Mages, and Wizards
• The snapshot will take place on October 1st at 5pm PST
• This vote will run from October 1st- 6th, 5pm PST

TL; DR:

• 99.72% of QUICK holders recently voted to have QuickSwap pay liquidity mining rewards in dQUICK instead of QUICK
• This change will impact all of QuickSwap’s liquidity providers, stakers, and token holders in several ways
• QuickSwap will begin paying liquidity mining rewards in dQUICK on Wednesday, September 29th (update: we’ve postponed this date one week until Wednesday, October 6th for security reasons)

Dragons love treasure, and at QuickSwap, we love to help our DEX’s supporters guard their hordes and even add to them. That’s why we introduced QUICK staking and dQUICK in April 2021. Those who aren’t already familiar with QuickSwap’s single asset staking for our native token should read this guide before continuing. Once you have your QUICK staked and understand what dQUICK is, you’ll have a much easier time understanding QuickSwap’s newest feature.

Dragon’s Syrup is a program designed to give $QUICK stakers the opportunity to generate passive income in a variety of participating tokens. Users stake $QUICK to earn a portion of the rewards token(s) of their choosing.

In a gripping AMA this morning, QuickSwap’s founders Roc Zacharias and Sameep Singhania joined the Binance community Telegram to answer all of their most pressing questions. The discussion encompassed everything from how issuing dQUICK instead of QUICK for liquidity mining rewards will decrease sell pressure on the token to QuickSwap’s newest feature: limit orders. Since the Binance Telegram group is so active, some might find searching back through it to find the AMA a bit too cumbersome a task. Fear not though, Dragonites! Here’s an easy-to-follow recap of this morning’s AMA.

Dragonites, rejoice! Starting today, QuickSwap users on desktop can execute limit orders on the DEX natively here: https://quickswap.exchange/#/limit-order

Please note: Mobile users do not yet have access to QuickSwap limit orders.

TL;DR

• QuickSwap is a community-first project. When our members speak, we listen.
• In a recent AMA, some community members suggested that the DEX should take measures to reduce sell pressure on $QUICK.
• Several suggestions for how to do that were quite advanced, but one that resonated well with nearly everyone was paying liquidity mining rewards in dQUICK instead of QUICK.
• The snapshot will occur on August 10 10:00PM PST. All QUICK and dQUICK that is not on Ethereum chain or staked in a liquidity pool will be included in the snapshot. However, QUICK that is staked on Dragon’s Lair as dQUICK will be included.
• What follows is our proposal and instructions on how you can participate in QuickSwap’s upcoming governance vote

In a riveting AMA session yesterday, members of QuickSwap’s core team allowed the community to ask their questions in a truly open forum. The discussion encompassed everything from future plans for QUICK utility to governance and beyond. Since the conversation wasn’t linear, some might find it difficult to follow. Fear not though Dragonites! Here’s an easy-to-follow recap of yesterday’s AMA.

Dragons love speed! If QuickSwap is slow for you, you may need to simply change your RPC. Changing your RPC can speed up transactions and make trading on QuickSwap (and using applications throughout the Polygon network) QUICK again. The good news is that it’s easy to do, and now Polygon has created an even faster and more reliable RPC gateway

On May 27, 2021 QuickSwap was invited to do an AMA in the Crypto Talkz Community!

Here is a quick recap on what was discussed during the AMA for all of you willing to venture into the dragon’s den!

It started off with the hosts and members of the Crypto Talkz Community giving the QuickSwap team a warm welcome. From QuickSwap, Nicole Grinstead, David Brown, and Sameep Singhania participated.

Dragons are trendy, and treasure is even trendier. One look at our juicy, juicy rewards pools might have you wondering how you can get a piece for your team and community. But while QuickSwap is a permissionless DEX where anyone can list any token at any time, we have to be a little bit more selective when choosing which tokens will be included in our liquidity mining rewards program and how many QUICK each listing will get.

This guest blog was written with input from valued community members Tom & Aaron of APY.vision

Within the QuickSwap support channels, one of the most frequently asked questions is: “What is dQuick?” But while many want to understand the asset and how it works technically, others really just want to know how they can get some, so they can increase their QUICK supply. If that last part sounds like you, you can check out our step-by-step instructions for staking QUICK using the Dragon’s Lair here. Otherwise, keep reading.

Dragons love treasure, and we always want more of it. But trading and liquidity farming carry risks upon which many aren’t willing to risk their QUICK. Luckily, now there’s a way for Dragonites to stash some of their QUICK so it passively earns more of itself. Here’s how to stake your QUICK:

• Polygon is allocating 1% of their total supply, around $40 million to incentivise Aave’s Polygon market users
• QuickSwap will further reward Aave’s Polygon market users with 3% of the total QUICK token supply, over $5 million in QUICK.
• This move will further strengthen the Polygon+Ethereum DeFI ecosystem

Dragons don’t pay for gas, we expel it. Here’s a guide to help get you set up on Matic and start trading on QuickSwap. Setting up your MetaMask wallet so you can interact with QuickSwap and other layer-2 dapps is simpler than you might think. Exhale! We got you.

On Dec 21, 2020 QuickSwap has its first AMA hosted by CryptoDaku. This is an “unrolled” recap of that AMA for the convenience of any interested in investigating QuickSwap.

As usual, the hosts of the AMA, admins DAKU SAURABH & NAMAN welcomed the team and everyone to the AMA

Welcome to QuickSwap.exchange!

QuickSwap is a fork of the originator of Automated Market Makers in the now rapidly expanding DeFi sector of the Cryptocurrency industry, Uniswap. Both, of course, are magical. Only, rather than settling for the magic of unicorns, we’ve opted for the magic of dragons. It’s a much faster kind of magic, currently only available in a land far far away, known by the locals as Layer 2. Although it’s very very far far away, to get there requires only a few clicks on a mouse, via the magical MATIC portal, aided by a fanciful Fox with a Mask. Many travelers have questions upon first arriving. Here we provide instruction for newcomers, free of charge, to guide you on your way.

Update: This process has gotten significantly easier in recent months. For the most up-to-date information about how to enable your wallet to use the Polygon Network and how to transfer assets, please see our latest blog on the topic.

We know it can seem daunting when you first begin using L2 DeFi. This tutorial will show you how to set up your MetaMask wallet in order to interact with QuickSwap, and Layer 2 Dapps in general.

QuickSwap is a permissionless decentralised exchange (DEX) based on Ethereum, powered by Polygon Network’s Layer 2 scalability infrastructure. By utilising Layer 2 for transactions, QuickSwap users will be able to trade any ERC20 asset at lightning-fast speeds with near-zero gas costs.

Dragons are trendy! But while QuickSwap’s popular mascot may bring attention to the DEX, our strong tokenomics are what keeps liquidity here. With QuickSwap’s reputation growing, more and more people are asking for clarity about what gives QUICK (our native token) value. Since several changes have been made since our last post on this topic, we’ve set out to provide all the updates you’re looking for.