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QuickPerps: Falkor Launches on Polygon PoS, QuickSwap's Newest Decentralised Perpetual Exchange

May 23rd 2024

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It’s here - the decentralised Perpetual Exchange of the future you’ve all been waiting for.

Built on Polygon PoS (Proof of Stake), made for the purple community. Setting the stage to revolutionise the perps industry.

QuickPerps: Falkor is now live, QuickSwap’s newest permissionless perps trading platform. Trade with up to 50x leverage with zero gas fees, and much more - accessible from the Polygon PoS chain.

Learn more about this product and how it’s going to change the game for the QuickSwap community.

Falkor: Under the Hood

Falkor is QuickSwap’s newest and revolutionary decentralised Perpetual Exchange built on Orderly Network, the permissionless backend of Web3's capital market.

On Falkor, users deposit funds into a “vault” from the Polygon PoS network, making it extremely low cost and fast to get started with perpetual swaps on QuickSwap. Once the funds have been deposited in the vault, they’re made available on the Orderly Network where users can trade with up to 50x leverage and zero gas fees.

Trade via an intuitive UI/UX with advanced tools such as an orderbook model, simple options for leverage trading, near-instant transactions - all in a completely decentralised and permissionless environment.

In addition, there’s no bridging required when depositing from Polygon PoS to Orderly Network, making the process far more secure than alternative decentralised Perpetual Exchange models.

Users can now tap into hundreds of millions in deep liquidity, completely optimising the perpetual swap experience for dragons.

Legendary to say the least.

Supported Tokens

On launch, the following digital assets are supported for leverage trading on Falkor:

 QuickSwap Falkor Supported Tokens Max Leverage

Tutorial: How to Use Falkor

Getting started with leverage trading on Falkor is easy - here’s a quick step-by-step tutorial on how you can get started:

1. Visit <<quickperps link>> and connect your wallet. Ensure you’re on the Polygon PoS network


2. Click “Deposit” and select the amount of funds you want to deposit as collateral into the Orderly vault from Polygon PoS


3. Now you’re ready to leverage trade. First, select if you want to go long (Buy) or short (Sell)

4. Select the token you want to trade and choose the type of order you want to execute (Limit, Market, Stop Limit, Stop Market)

5. Enter the price at which you want to purchase the token and the total amount you want to purchase using the leverage slider


6. Next, click “Buy/Long” or “Sell/Short” (depending on which option you chose from step 3) and confirm the transaction in your wallet. Your estimated liquidation price will be displayed


That’s it, you’ve now learned how to trade perpetual swaps on QuickPerps: Falkor!

Powering the Next Generation of Perps Trading on Polygon PoS

QuickSwap and Orderly Network are collaborating to onboard and grow the next wave of perps traders on Polygon. 

The Polygon PoS ecosystem, and other interconnected chains, has been growing rapidly, onboarding millions of users per day and amassing billions in swap volume and on-chain TVL.

It’s only the beginning… Falkor is poised to become a disruptor in the decentralised perpetual trading ecosystem.