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
What we’ll do with the funds
As those who have been with us from the start know, QuickSwap has come a long way in our first year of operation. We started as a small, little known DEX with insignificant liquidity and grew into a behemoth DeFi beast with multiple options for earning passive income in a decentralized manner. Our first year has come with much trial and error, and today we’re thrilled to announce that Polygon is officially supporting our efforts with a $1 million dollar grant to boost adoption and liquidity.
We will use this grant to incentivize dual farming for the following crypto pairs:
- MATIC-ETH
- MATIC-USDC
- MATIC-USDT
- MATIC-QUICK
In addition, QuickSwap will provide an excess of the $1 million Polygon contributed in $QUICK to further stimulate QuickSwap and Polygon’s TVL and drive adoption of our DEX and favorite network.
A birthday worth celebrating
We couldn’t be more proud to have earned Polygon’s trust and support. We would like to sincerely thank the entire Polygon team for the incredible early birthday gift they’ve granted us. $1 million in extra liquidity mining rewards is a lot, but we’re just getting started!
Stay tuned for additional information about all of the events we have planned to celebrate our first birthday!
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By QuickSwap Official on October 4, 2021.
Exported from Medium on May 2, 2023.