New Steer V3 farms live on QuickSwap's Manta Pacific chain

QuickSwap has executed a **20 million QUICK token burn** from its Community Treasury following a governance vote that passed with nearly 100% approval. **Key Details:** - The burn was completed on July 6, 2026 - Community voting ran from June 29 to July 3 - This brings the total burned tokens to over **80 million QUICK** (valued at $612K) - The governance proposal received overwhelming support from QUICK holders The token burn permanently removes these tokens from circulation, increasing scarcity for remaining holders. The decision was made through QuickSwap's decentralized governance process, where QUICK token holders voted via [Snapshot](https://snapshot.box/#/s:quickvote.eth/proposal/0x8c6dcd025ead393ed4588d6028038f1e2b97c31aff8d419689191484c69ed670). This marks another milestone in QuickSwap's tokenomics management, with the community actively participating in decisions about treasury allocation and token supply.

QuickSwap has launched a protocol-owned treasury designed to create long-term sustainability beyond market speculation. The treasury holds $3.79M in assets ($1.86M in QUICK, $1.93M in other assets) actively deployed across protocols like Aave, Sky, and Lido. **How it works:** - Swap fees generate protocol revenue - Revenue funds QUICK buybacks and treasury expansion - Treasury assets earn yield through lending, staking, and liquidity provision - Yield compounds and strengthens the protocol over time This creates a **flywheel effect**: more activity → more revenue → larger buybacks → reduced QUICK supply → bigger treasury → more yield → continued growth. The treasury provides strategic flexibility to fund incentives, support liquidity, and maintain operations during bear markets—addressing a common weakness in DeFi protocols that rely heavily on emissions or external funding. QuickSwap plans quarterly reports on treasury holdings and progress. [View dashboard](https://dapp.quickswap.exchange/dashboard?tab=treasury)

**Polygon zkEVM is shutting down tomorrow, July 1, 2026.** This is the final day to withdraw assets. **Critical actions required:** - Withdraw all assets and LP positions from the chain today - Funds locked in DeFi protocols cannot be automatically migrated - **Any assets not withdrawn by tomorrow will be permanently lost** This shutdown only affects Polygon zkEVM. Assets on Polygon PoS are not impacted. For detailed instructions, visit: [Polygon zkEVM Sunset Guide](https://forum.polygon.technology/t/polygon-zkevm-mainnet-beta-sunset-claim-your-funds/21856)

QuickSwap accumulated **3,605,000 QUICK tokens** over the past week through its protocol mechanisms. **Token Distribution Breakdown:** - Farms & Staking Reserve: 1,845,000 QUICK - Protocol Owned Liquidity: 360,000 QUICK - Burn: 1,400,000 QUICK This represents a **13.6% increase** from the previous week's accumulation of 3,174,000 QUICK. The allocation to Farms & Staking Reserve grew significantly, while the burn amount decreased compared to the prior period. The accumulation reflects ongoing protocol revenue generation and token management across QuickSwap's ecosystem on Polygon.

QuickSwap has burned over 80 million $QUICK tokens, valued at $612,000. This represents a significant reduction in token supply, with the burns accelerating over time. **Key figures:** - 80M+ tokens permanently removed from circulation - $612K current value of burned tokens - Follows previous milestone of 60M tokens burned in March The burn mechanism continues to reduce token supply alongside ongoing buyback programs, creating increased scarcity for the $QUICK token on the Polygon-based DEX.