Update: QuickSwap Gamma pool deposits paused on Polygon PoS and zkEVM
Update: QuickSwap Gamma pool deposits paused on Polygon PoS and zkEVM
QuickSwap has temporarily paused all Gamma pool deposits on Polygon PoS and zkEVM as a safety precaution. Trading on the DEX is unaffected and the underlying pools and V2/V3 AMM models are safe. QuickSwap will provide further updates to the community.
Please be aware of this ongoing situation At the moment no Gamma contracts that utilize QuickSwap pools seem to have been affected and so far this has only affected some stable pairs on Camelot and Ramses on Arbitrum that we know of. While we are still actively investigating,
We're monitoring and reacting to a possible security incident. Please be patient while we take security precautions to assess the issue. If you needwith draw our front end is still up at app.gamma.xyz
Update: all QuickSwap Gamma pool deposits have been paused for now on Polygon PoS and zkEVM. Manual deposits are working as normal and the underlying pools and V2/V3 AMM models are unaffected. Trading on the DEX is safe and QuickSwap will continue to provide the community with
Gamma is currently working with our partners and security professionals who have come to assist us. Our first priority is to prevent any losses to our users and partners. We'll be posting updates as we have them.
Somnia Network Integrates with Rarible for NFT Trading
Somnia Network has integrated with Rarible's NFT marketplace, enabling native minting and trading on the Somnia Testnet. Key features: - Zero gas fees and no bridges required - Direct minting and trading on RaribleFUN - Access to Rarible's comprehensive NFT tools - Special QuickSwap NFT mint opportunity The integration launches with a free open edition collection featuring 50+ artworks from community builders. Somnia, backed by Google Cloud, recently launched a $10M game dev accelerator. To participate: 1. Add Somnia testnet to wallet 2. Claim STT from faucet 3. Start minting (up to 5 NFTs available)
QuickSwap DEX Adds New Tokens Including END and PHT
QuickSwap DEX has expanded its token offerings on Immutable zkEVM and Polygon PoS networks. Two notable additions include: - **END Token**: A fungible token for the Endless Clouds ecosystem, serving as premium currency in Treeverse across iOS, Android, and Windows platforms. - **PHT Stablecoin**: A peso-pegged, over-collateralized stablecoin focused on Southeast Asian remittances and payments. These tokens join recent additions like $LAND (real estate RWAs), $DSRUN (NFT racing), and $METAL (gaming), expanding QuickSwap's growing ecosystem.
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.