Quickswap

What is QuickSwap

QuickSwap, the decentralized exchange (DEX) on Polygon PoS, Polygon zkEVM, and Dogechain, is making waves as a fully decentralized and community-driven platform. Renowned for its high-performance DeFi platforms, QuickSwap plays a pivotal role in onboarding new users and capital to the broader Polygon ecosystem.

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Recent Video Interview

Main points of the interview:

• Quickswap addresses high Ethereum gas fees by leveraging layer 2 solutions.
• The platform supports a wide range of tokens and liquidity pools.
• Quickswap integrates automated market maker (AMM) technology, allowing users to swap tokens efficiently while earning liquidity provider (LP) rewards.
• Sami Singhania's initiative with Quickswap promotes Ethereum scalability through layer 2 solutions.

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QuickSwap Features

QuickSwap's features include the ability to swap tokens, supply liquidity and earn fees on trades, earn dQUICK by depositing LP tokens, and utilize Dragon’s Lair as a single staking pool for QUICK with added rewards from trading fees.

QuickSwap's DEX facilitates a range of DeFi actions, including swapping, liquidity providing (LPing), staking, and farming for rewards. Noteworthy features include QuickPerps, a decentralized Perpetual Exchange, Gamma V3 integration for active liquidity management, dTWAP/limit orders, and an on-site Gaming Hub developed by VersaGames.

QuickSwap's native utility token, QUICK, serves as a governance token for community voting on proposals and as a staking mechanism in the Dragon's Lair for additional rewards directly on the QuickSwap DEX. Users can also farm QUICK by staking their LP tokens.

The QuickSwap DAO, driven by smart contracts, empowers QUICK holders to engage in decision-making through voting on governance proposals. Dragon's Lair provides a platform for users to stake QUICK, earning additional rewards through staking or participating in Dragon's Syrup Pools.

Farming on QuickSwap: QuickSwap's V3 & V2 farms allow users to deposit LP tokens for additional farming rewards. Gamma Farms and Unipilot Farms provide active liquidity management and farming features, contributing to the platform's dynamic ecosystem.

Innovations

QuickSwap V3 introduces the ability for users to set designated price ranges for liquidity deposits, ensuring greater capital efficiency. Integration with Gamma enables active liquidity management, auto-compounding rewards, and staking LP tokens in select Gamma V3 farms.

QuickPerps, a decentralized Perpetual Exchange on Polygon zkEVM, supports up to 50x leverage on blue-chip assets. It boasts unique features such as cross-usable assets, zero price impact, auto-compounding rewards, a referral program, and high-value reward schemes for staking QLP.

Liquidity Protocol

Operating on a constant product formula, QuickSwap uses non-upgradeable smart contracts on the Ethereum blockchain. Liquidity providers can deposit equivalent values of two ERC-20 tokens to become LPs, and QuickSwap applies a 0.30% fee to trades.

The Liquidity Hub serves as a decentralized optimization layer above AMMs, addressing fragmented liquidity in DeFi. It enables tapping into external liquidity sources for better swap prices.

QUICK Tokenomics and Rewards Program

QUICK, QuickSwap's native token, boasts a total supply of 1 billion, with fair launch and community governance. The current circulating supply is approximately 607 million (60.7%).

Rewards are distributed through a liquidity mining program, incentivizing projects to join Layer 2 on Polygon. Incentivized trading pools offer additional QUICK tokens and a percentage of fees generated from swaps.

QuickSwap Team Background

QuickSwap, launched in October 2021, is backed by industry thought leaders in Ethereum token standards and Layer 2 scaling. Spearheaded by a seasoned team, including Nick Mudge, an Ethereum contract programmer and standards author, Sameep Singhania, Co-Founder of Ginete Technologies, and Roc Zacharias, CEO of Lunar Digital Assets, QuickSwap benefits from over six years of blockchain programming experience.

Nick Mudge, a key contributor to ERC721 discussions, authored the EIP-2535 Diamond Standard. Sameep Singhania focuses on integrating blockchain into businesses, aiming for widespread decentralized technology adoption. Roc Zacharias, Co-Founder of QuickSwap and CEO of Lunar Digital Assets, is a driving force behind QuickSwap's growth, leveraging his expertise in the Dogechain project and blockchain marketing.

Project Development

QuickSwap proudly serves as an ecosystem partner for Manta Network's New Paradigm campaign, hosted on the Manta Pacific chain as a live Ethereum Layer 2 with native yield for ETH and stablecoins. The ongoing event, until the end of January 2024, offers users the opportunity to earn a future MANTA airdrop and penta yield for their deposited assets for a limited time. QuickSwap enhances these rewards by allowing users to deposit into select Steer Finance V3 farms on Manta Pacific, providing additional earning opportunities.

Quickswap Price Analysis

As of November 24 2024 Quickswap has a marketcap of $35M. This is {{percentagefromath}} from its all time high of $0.229794. In terms of its tokenomics, there's a total supply of 998M with 74% currently outstanding. Keep in mind Quickswap has a fully diluted value of $47M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.