What is Quickswap [New] (QUICK)?

Deep Dive

1. Purpose & Value Proposition

Quickswap addresses high Ethereum gas fees and slow transactions by leveraging Polygon’s Layer 2 scalability. Its core offering includes token swaps, liquidity pools, and yield farming, with additional products like a perpetual futures exchange (QuickPerps) and gaming integrations. The protocol aims to be a one-stop DeFi hub, combining trading, staking, and governance under its DragonFi 2.0 ecosystem.

2. Technology & Architecture

Built as a fork of Uniswap V2, Quickswap uses AMM pools for decentralized trading. It supports concentrated liquidity via V3-style pools and integrates Layer 2 solutions like Polygon zkEVM for near-instant settlements. Recent upgrades include dynamic fee hooks (adjusting fees based on trading volume) and cross-chain swaps via partners like Axelar.

3. Tokenomics & Governance

QUICK’s initial supply was 1 million tokens, with 96.75% allocated to community incentives like liquidity mining. A 2023 token split (1:1000) improved accessibility. Holders stake QUICK in the Dragon’s Lair to earn protocol fees and voting rights. Governance decisions—like fee structure changes or treasury allocation—are executed via Snapshot votes, with multisig wallet security for treasury funds.

Conclusion

Quickswap [New] is a multi-chain DeFi platform prioritizing scalability, governance participation, and diversified yield opportunities. As it expands to chains like Base and Immutable zkEVM, can its ecosystem balance innovation with sustainable tokenomics amid intensifying DEX competition?