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Governance Proposal: QuickSwap’s Continued Expansion - Launching on Soneium Minato

September 13th 2024

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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

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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.

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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.

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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.

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!