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QuickSwap

A decentralised exchange based on the Polygon Network.

Categories

Technology  
Summary

QuickSwap is a decentralised exchange that runs on the Polygon Network in order to provide faster and cheaper transactions on Ethereum. This permissionless DEX is based on Ethereum, powered by Polygon Network’s Layer 2 scalability infrastructure. By utilising Layer 2 for transactions, QuickSwap users are able to trade any ERC20 asset at lightning-fast speeds with near-zero gas costs. QuickSwap (QUICK) is an Ethereum token that powers the exchange. QUICK can be used to create and vote on proposals governing QuickSwap and can be staked to earn a portion of trading fees.


History

QuickSwap was created and is backed by some of the industry’s most prominent thought leaders in the fields of Ethereum token & contract standards and Layer 2 scalability. The protocol represents the next stage in the evolution of decentralised trading and is designed to enable the next wave of users to enter DeFi. Incorporating a community-focused governance structure and a fair token distribution model, QuickSwap is empowering traders whilst removing the costly barriers to entry to DEXs for the general crypto user. Liquidity mining and yield farming opportunities will incentivise the growth of a strong liquidity provider ecosystem.


Mission

QuickSwap is on a mission to overcome technical hurdles like high gas costs and long transaction times for a miantream vlockchain adoption and a thriving DeFi platform. QuickSwap is leading the charge on the Layer 2 DEX front, providing the solution to the crippling problems of current DEXs.


Vision

Reducing the barriers to blockchain adoption and increasing the liquidity of assets with lowered transaction costs is the trajectory that QuickSwap is working on.


Recognition and Awards
TUSD and QuickSwap, the biggest Automated Market Maker (AMM) entered into a partnership to build a TUSD-USDC liquidity pool. The total value locked (TVL) across QuickSwap hit $402.31 million in June 2022, topping the chart on Polygon. QuickSwap also announced a cooperation With CelsiusX to bring more liquidity and create yield opportunities for users on the sector.

References
QuickSwap
Leadership team

Sameep Singhania (Co-founder)

Roc Zacharias (Co-Founder)

Industries

Technology

Products/ Services
Token swap, Fiat-to-crypto, QUICK tokens, asset liquidity options
Established
2020
Social Media

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