QuickSwap
QuickSwap

QuickSwap

Quickswap is a decentralized exchange, on the Polygon network, for swapping tokens.

Quality Check:

✅ Audited (indirectly)

✅ Active community

✅ Active team

✅ Billion $$ of liquidity

Community Links:

👉 Quickswap DEX

👉 Quickswap Stats

👉 Quick Twitter

👉 Quick docs / code

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Why Use Quickswap? 🤔

  • Swap between any Ethereum based tokens.
  • Very efficient swaps, same exact mechanisms as Uniswap.
  • #1 exchange on Polygon network (been around)

Why Decentralized Exchanges? 🤔

  • Coinbase is a company. Coinbase needs to make money. They charge % of sales / buys.
  • Quickswap is made possible by liquidity providers, making it cheaper for end users.
  • Selling $30k worth of ETH on Coinbase will cost you $500.
  • Selling $30k of ETH for USDC on Quickswap costs $10-$90 (depending on gas)
  • Swap any amount for only the price of the gas fee + pool provider small fee.

How Does It Work?

  • Every pair (ex : ETH / USDC) has a community pool.
  • Anybody can provide ETH & USDC into the ETH/USDC pool.
  • This gives liquidity to the people and allows swaps between the pair.
  • Those that provide liquidity to any pool, get rewarded swap fees every swap.
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What Is The QUICK Token Used For?

  • Can be staked, and you will earn 0.04% (of the 0.30%) from ALL swap fees on the platform. These earned fees are used by the platform to buy more QUICK, and distribute it to you (all stakers). — Basically revenue share model to incentivize locking up the QUICK token.
  • Voting power in the DAO.
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Stand-Out Features?

  • Low slippage, meaning less likely to not execute your trade at your desired price(s).
  • Since Quickswap is on the Polygon network, transaction fees are non-existent almost, only liquidity provider fees are at play!
  • Quickswap is a "fork" on Uniswap, meaning its the same code-base. So quickswap inherits the security of Uniswap.

What Are The Risks Of Using Curve?

  • Bugs, exploits are always possible.
  • As a swapper, not much risks at all. (except for slippage)
  • As a liquidity provider, impermanent loss is always at play (non stable coins).