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.
Web3 Payments Narrative Heats Up as Industry Eyes Major Players
**Web3 payments are gaining momentum** as a key narrative in the blockchain space. The industry is watching to see which companies will emerge as dominant forces in crypto payments. Key developments include: - Stablecoins leading the charge in blockchain payments - Major partnerships like Coinbase working with PayPal - Polygon actively pushing the payments narrative forward The space continues to evolve rapidly, with traditional finance companies increasingly exploring blockchain-based payment solutions. **What's next?** Industry experts will discuss the future of Web3 payments and identify potential market leaders. Join [The Aggregated Spaces Episode 141](https://x.com/i/spaces/1OyKAjNNXMOGb?s=20) on December 5 at 4:00 PM UTC for deeper insights into this developing narrative.
QuickSwap Launches Base Trading Competition Series with NAV Finance
**QuickSwap and Voltrade have launched their trading competition series on Base**, starting with NAV Finance offering a **$3,500 prize pool in $NAV tokens**. **Competition Details:** - Trade $NAV tokens on QuickSwap to qualify - Competition runs until **December 13 at 12:00 PM UTC** - Total prize pool: $3,500 in $NAV tokens **How to Participate:** - Register on [Voltrade](https://voltrade.xyz/trading_competition/navfinance-x-quickswap) - Read competition rules in the official blog - Start trading $NAV on QuickSwap This marks the **first competition in QuickSwap's new Base trading series**, expanding the DEX's presence beyond Polygon to Coinbase's Layer 2 network. *Ready to compete? Register now and start trading to qualify for prizes.*
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 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.