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!