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Expedited Governance Proposal: Should QuickSwap Launch on OKX’s X1 Network Mainnet?

March 27th 2024

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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.



  • 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

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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!

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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!

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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!