QuickSwap is proud to announce a bold step forward in its expansion into the ether with the deployment of its trader-friendly Liquidity Hub on the Ethereum L1 Mainnet.
Powered by Orbs Network, the QuickSwap Liquidity Hub and its unrivaled user experience have already garnered a massive body of DeFi users across the Polygon ecosystem since its 2023 launch.
Now it’s time to bring forth the same offer to the thriving DeFi community based on Ethereum Layer 1, this time as a swap aggregator.
Orbs & QuickSwap: Leaving Liquidity Fragmentation in the Dust
For many years, liquidity fragmentation has stood out as one of the most persistent challenges facing the DeFi space. As the number of chains, layers, decentralised exchanges (DEXs), and automated market makers (AMMs) has grown, traders have found themselves navigating a complex web of liquidity pools, each with varying levels of depth and pricing.
Finding the best deal—while at times feasible—is rarely worth the squeeze. The result: traders have enjoyed the seamlessness of on-chain DeFi while accepting undesirable price impacts, slippage, high transaction fees, and generally suboptimal user experiences as necessary costs of accessing DeFi.
The dragon community voted in favor of a governance proposal to take its integration with Orbs Network’s L3 Liquidity Hub Protocol to the next level.
With QuickSwap Liquidity Hub, Ethereum users have instant access to deep on-chain liquidity via the DEX. Orbs’ solution aggregates liquidity from various on and off-chain sources (solvers such as launch partner ParaSwap) to provide competitive prices for ERC-20 tokens - serving as an alternative to QuickSwap deploying liquidity pools.
There are also no LPs (liquidity providers) on QuickSwap Liquidity Hub via Ethereum. Therefore, there is a minimum transaction size of $60 (subject to change depending on the GWEI price).
Here are the Liquidity Hub’s main features:
- Substantially Deeper Liquidity: The QuickSwap Liquidity Hub integrates with multiple liquidity providers to aggregate liquidity from a diverse group of robust liquidity sources. As a result, traders enjoy deeper liquidity and reduced slippage.
- Optimised Price Points: By tapping a broad network of external liquidity sources, the QuickSwap Liquidity Hub always finds the best price available on the market for traders.
Gasless Trades and Reduced Fees: Almost (but not quite!) too good to be true, the QuickSwap Liquidity Hub facilitates gasless trades for users, reducing costs and ultimately improving their bottom lines. - Maximal Extractable Value (MEV) Protection: The QuickSwap Liquidity Hub addresses the issue of MEV outright by ensuring that liquidity providers' rewards are not diminished by front-running or other forms of market manipulation.
- Seamless Integration and Composability: Last but not least, the QuickSwap Liquidity Hub is an ultra-composable DeFi protocol that can seamlessly integrate with existing DEXs and AMMs. That means developers can easily integrate QuickSwap into their own DeFi applications, further improving user experience while adding to the ever-growing dragon community.
Now, imagine all of that coming to Ethereum Layer 1 – it’s happening!
Liquidity Hub Mechanics
While many EVM DeFi users have come to love Polygon’s high-performance PoS chain and ultra-high performance zkEVM, many principled traders prefer to operate in an environment that is secured by an ultra-robust consensus – that is, the base layer.
QuickSwap is bringing its Orbs-powered Liquidity Hub to the Ethereum Mainnet to bring the best user experience in EVM DeFi to Layer 1 traders. Aggregated liquidity, prime price points, low slippage, MEV protection, and epic composability are now within reach for those who prefer life on the base layer!
Here’s a quick look at the underlying mechanics of the protocol:
The Larger Mission: Conquering EVM DeFi, One Layer at a Time
With QuickSwap’s Liquidity Hub already leading the charge on Polygon PoS and zkEVM and now expanding to the Ethereum Mainnet, QuickSwap is well on its way to achieving its broader mission of EVM DeFi dominance. While Ethereum users begin to explore and enjoy the benefits of aggregated liquidity, reduced transaction fees, and a seamless user experience, QuickSwap will be adding to its ever-growing community.
In the relentless pursuit of DeFi dominance and the expansion of its Liquidity Hub, the future looks brighter than ever for QuickSwap, its DeFi ecosystem, and growing legion of dragons.