QuickSwap April 2024 Updates and DragonFi 2.0 Initiative
QuickSwap April 2024 Updates and DragonFi 2.0 Initiative
🔥 Polygon Powerhouse Unleashed
QuickSwap, a leading decentralized exchange on Polygon, has released its April 2024 statistics and updates. The platform continues to see strong activity across various Polygon chains, including the flagship Polygon PoS, Manta Network Pacific, Immutable zkEVM, and Astar Network zkEVM. QuickSwap has also launched its DragonFi 2.0 initiative, deploying Citadels on multiple new Polygon CDK chains to enable seamless interoperability and unified liquidity in the EVM world. The initiative aims to propel Polygon's game-changing zero-knowledge technology forward and position QuickSwap as a pioneer in the ecosystem.
1/ Polygon chains continuing to pick up steam. Unstoppable forces helping push the ecosystem further to mass adoption. The dragon DEX continues to be a home for these big players. Without further ado, here are QuickSwap's stats and updates from April 2024 🧵👇
Did you know QuickSwap has launched its DragonFi 2.0 initiative? 🐲 Hopefully you weren’t sleeping on the sidelines for this one. But if you were, don’t fret – it’s not too late just yet. When it comes to @0xPolygon tech, QuickSwap has been a trailblazer, an advocate, a
QuickSwap Continues Token Buyback Program with 3.2M QUICK Purchased
**QuickSwap bought back 3.2+ million $QUICK tokens** over the past week, representing 0.32% of total supply. This continues the DEX's **consistent buyback strategy** that has been running for months: - Previous week: 2.4M tokens (0.24% of supply) - Two weeks ago: 2.7M tokens (0.272% of supply) - Early November: 4.78M tokens (0.478% of supply) **Token allocation** typically goes toward: - Farm rewards - Protocol Owned Liquidity (PoL) - Token burns The buybacks are part of QuickSwap's broader tokenomics strategy, with **5.5% of total supply already burned** as of October. The protocol has purchased over 13.5M QUICK tokens worth ~$328,880 in recent months. *More buybacks are planned according to the announcement.*
⚖️ QuickSwap Week 5 Perps
**QuickSwap's Week 5 perpetuals trading competition** is now active on Base, running until December 3 at 10:00 PM UTC. **Key Details:** - Point-based system where **1 point = 1 $QUICK token** - Rewards distributed proportionally based on trading volume share - Leveraged trades count toward total volume (e.g., $10 with 10x leverage = $100 volume) **How It Works:** Points = (Your 7-day volume ÷ Total 7-day volume) × Total points pool *Note: Total reward amount still to be confirmed* Trade on [qperps.exchange](https://qperps.exchange) to participate.
QuickSwap Considers AI Integration Through SphereOne Partnership
QuickSwap has opened discussions for a new governance proposal to integrate AI agents through SphereOne technology. This marks the DEX's second major AI-related governance proposal, following their earlier Community Currency Bot initiative. Key points: - Proposal aims to enhance DEX functionality with AI capabilities - Integration would be implemented through SphereOne's technology - Community voting and discussion phase now active The proposal is currently in its discussion phase, with community members invited to share their perspectives on the potential integration. This follows QuickSwap's pattern of community-driven decision making for major platform updates.
QuickSwap Token Burn Update - November 2024
QuickSwap's ongoing Trial of Fire initiative has reached a significant milestone in its token burning program: - Total of **5,310,829 QUICK tokens** burned since October 1, 2024 - Tokens were bought back using protocol revenue - Represents continued execution of deflationary tokenomics This follows the October update which reported 1.5M tokens burned, showing accelerated burning activity through November.
QuickSwap Community Approves BitTorrent Chain Deployment
QuickSwap's community has voted in favor of deploying on the BitTorrent Chain (BTTC). This decision marks the beginning of an official collaboration between QuickSwap and BitTorrent. Key points: - Voting concluded on October 10, 2024, at 8:30 AM UTC - Chain deployment is expected to commence soon - This move is part of QuickSwap's expansion strategy The integration with BitTorrent Chain represents Phase 1 of the partnership. QuickSwap is encouraging community speculation on what Phase 2 might entail. For those interested in tracking $QUICK token burns, a link to the Polygonscan contract is available.