Quickswap is a decentralized exchange, on the Polygon network, for swapping tokens.
✅ Audited (indirectly)
✅ Active community
✅ Active team
✅ Billion $$ of liquidity
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.
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.
- 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).