For all the cutting-edge innovation and pioneering work QuickSwap takes on, every once in a while it’s nice to go for a throwback. And besides, some things are worth bringing back, like glass bottles, retro tees, and your favorite Dragon’s Syrup. That’s right: Dragon’s Syrup is back, on Base, and better than ever. But as usual, QuickSwap is sprinkling in a novel incentive. After all, what’s better than the high-performance DeFi you know and love with some spiced up rewards? It’s time to break down the newest take on the QuickSwap community’s most prized tradition.
The Origin, Pause, and Return of Dragon’s Syrup
Traditionally, Dragon’s Syrup was a program designed to provide QuickSwap community members with yet another avenue to generate yields from their QUICK holdings. Initiated in August 2021 as an extension of the Dragon’s Lair, the program allowed users to deposit their QUICK into dedicated Syrup pools to earn additional rewards. Unlike the Dragon’s Lair, Dragon’s Syrup issued token rewards from QuickSwap’s ecosystem partners. Projects could sponsor Syrup pools by supplying their own tokens as incentives, allowing QUICK stakers to earn diversified yield while gaining exposure to new assets, communities, and opportunities. Dragon’s Syrup was both a valuable yield tool for QUICK stakers and a powerful channel for emerging projects working to bootstrap their communities, integrate into DeFi, and expand their communities. And of course, QuickSwap was the glue holding it all together.
In September 2024, the QuickSwap community put forward a governance proposal titled The Trial of Fire that suggested switching from distributing protocol revenue to concentrating 100% of it to buy back QUICK on the open market and permanently burn it. Implemented in October 2024 and still in action today, QuickSwap’s buyback-and-burn program has been a major success. But wouldn’t it be great to keep the buybacks (and burns) rolling, and still bring Dragon’s Syrup for sweet yields? You bet.
Dragon’s Syrup: Act II
From day one, QuickSwap built its foundation serving users with a slick UX, in-demand features, and best-in-class yields. That’s why QuickSwap is proud to offer its long-time rewards program with a new rewards token on its newest, high-performance chain. Users can now stake their QUICK on Base to start earning QUICK rewards... and by the way, bridging has never been easier. Thanks to QuickSwap’s CCIP (Cross-Chain Interoperability Protocol) integration, users can move their QUICK between Polygon and Base in a flash with Transporter.
How to Stake for Dragon’s Syrup
Once you’ve got your QUICK on Base, follow 4 simple steps to stake: 1) Begin on the QuickSwap landing page (make sure your Web3 wallet network is switched to Base)
2) Click on the QUICK Utility tab
3) Click on the QUICK Staking tab, and select “Syrup”.
4) Choose how many QUICK you would like to stake, click “Stake” and let the rewards flow in!
That’s all for now, dragons. More news, more yields, and more innovation on the way. Stay tuned.
