For earning some yield on quick swap Something huge is happening today with Quick swap if you hold crypto you need To see this Justin Sun just put out this Tweet it's getting monster engagement he Also just followed I'm literally shaking Right now Mark cubin has also called Them a game changer in the past some y On quick spot that's a game changer for Them and with a governance proposal out For 100% quick burn watch today's whole Video because quick swap is the leading Deck on all polygon chains it is the Home of the dragonfly ecosystem and a Leader in polygon cdk adoption what that Means to you it means you can trade Liquidity provide Farm stake and more at Lightning Fast speeds and near zero gas Fees as explained by Rock one of the Co-founders of quick swap you know a lot Of these people in these countries these Developing nations can afford 10 20 $100 Gas fees so polygon really solves that With you know last I checked I think it Was like a hundredth of a penny you know To do a trade on on polygon on quick Swap and while today's video is Sponsored by quick swap so I can share With you some of these updates like Expanding to ethereum just understand Like Unis swap is the main deck for Ethereum quick swap has been that main Deck for polygon we were just a fork of Unis swap originally with a bunch of
Extra features that we added and you Know we were good at building the Community with thin polygon that was the Core value thing is you know it was UN Off on polygon we built the community we Were there with the community from the Early days of polygon and looking at the Recent Statistics over 62 million plus Total value locked over 50 billion total Volume all time there's the reward Distribution the yield you can earn this Showing the growth of polygon Defi and They've been here since the beginning we Were there we were you know the people There when polygon was under a penny and People had not stopped believing in it And I was saying to everyone guys like Trust me like the inv pieces here that When ethereum blocks get full again Which they will and they did that that Polygon will be the release valve and Polygon will have its time in in the sun Now let's check out some of these recent Updates for example Justin Sun tweeting How quick can you swap Dragon Emoji Tagging the quick swap decks and it got The people talking Tron founder posting About the leading decks on polygon mic Keeping my eye on quick swap like the Video Ron founder posting about quick Swap decks rocket ship emoji has the Dragon in him awaken well let's go look At it the swap product as well as some Of these others so you'll notice very
Easy UI ux it shows you the best trade Meaning quick swap automatically Aggregates pools from V2 and V3 or Routes through the liquidity Hub to Ensure you receive the best possible Trade looks very much like a UNIS swap Only they also have options for limit Cross chain and more perss which is new Also pull and earn meaning Farm or bonds If you're interested in earning yield They have Dragon's Lair meaning stake Quick to receive dequi and earn yield on Your tokens over time we'll talk about This in a second but they also have a Bridge feature which while there's no Direct affiliation with these Bridges They do point you to the Primo polygon Native Bridge as well as thirdparty Bridges so you have the best experience When you're using the DAP and what are These big updates there's one two three Different governance proposals I want to Clue you in on watch the whole video but Starting with expanding to ethereum Should quick swap expand to ethereum With falor perpetuals the expansion to Eth is on quick holders it's time to Cash your vote so voting does end in a Few short days and just as some Background falor went live on polygon Proof of stake in late May shaking up The pers industry and cementing quick Swap as a leader in pers trading across The network to date falor has amassed
Over 50 million plus dollars in Cumulative trading volume and supports 40 plus different tokens for leverage Trading keep in mind this was in sort of A sideways summer crab market wow it Looks like it's going to pass current Results 92% yes but quick swaps goal in All this is to continue branching out Its FAL cor pers decks to support a Plethora of blockchain networks adding More flexibility for users and drawing In more communities from other Ecosystems to stay competitive polygon's Ecosystem is a layer of ethereum so for Me this expansion does make sense by Launching falor on the ethereum main Net Quick swap has the potential to bring in Tens to hundreds of millions if not Billions in per trading volume and Cement its place in the broader pers Industry how would you cast your vote Comment down below and by the way this Is a side note just looking at or just Understanding the distribution of quick Swaps token quick I legitimately do like How distributed they were from the start So yeah we launched quick swap built a Community added a bunch of features like Our dragons that are staking gave all of The tokens basically to the community 97% we gave the community 3.25% came to The founders and advisers I as a Founder Got nothing I actually um well I got Nothing directly lunar digital assets
Got 1% of the supply through two years Of working now over two years I've Gotten uh like from my normal pay from LD I got like a quarter of 1% so like You know we gave everything to the Community and I've never sold a dollar Of that by the way actually I bought a Ton more wow so it's pretty much lost if You haven't sold it yeah still haven't Sold it maybe never will because now It's part of my identity another Governance proposal gaining a lot of Traction should quick swap launch a Liquidity Hub on ethereum the next phase Of expansion to ethereum has begun this Is what you need to know at the Beginning of September 2023 quick swap Initiated a governance vote where the Dragon Community voted in favor of the Decks launching a liquidity Hub on Polygon proof of stake there was a clear Demand from the community for this Liquidity Hub as it enabled even more Seamless inefficient trades as part of Quick swaps movement to become a more Sophisticated protocol and how this Affects crypto investors liquidity Hub Is an advanced decentralized and public Blockchain infrastructure designed to Enhance the capabilities of evm meaning Ethereum and nonm compatible smart Contracts allowing users to swap with Zero gas fees and less price impact Thereby improving the trading experience
Across the board this was obviously a Huge success just looking at the numbers And now they're looking to continue that Onto first ethereum deploying a Liquidity Hub on ethereum as an Aggregator would further Drive quick Swaps mission to launch several new Ecosystem products on the ethereum L1 Mainnet more moreover using liquidity Hub as an aggregator could help build a Strong use case for quick swap on eth And this is interesting liquidity Hub Has no downside if it's integrated if The trade that the user is requesting to Execute cannot be fulfilled at a better Price than the solvers routing through Liquidity H provide then the trade is Instead routed through the amm which is Standard procedure what does this mean It means for users users will always get The best possible price for the trades Period if you have a question on this or Even a different opinion feel free to Comment Down Below on your thoughts and Last but not least and this one's a big One governance proposal the trial of Fire 100% quick burn so should the decks Implement a burn of 100% of quick tokens Bought back via revenue for a trial Basis so this will be tested out for About 3 months if passed and let's put This into perspective on how they've Been doing things thus far for the last Few years a portion of Revenue that is
Earned from fees and other products by The quick swap decks has been utilized To buy back the quick token on the open Market the quick is then provided in the Form of staking rewards as real yield to Quick stakers in the Dragon Lair Incentivizing token holders in the Broader community so orig originally These tokens just went back to the Stakers community the yield came from The fees of more people actually using The product and although this process Has been the norm it's always critical To consider switching things up and Exploring other mechanisms to improve The utility and tokenomics for quick so Token burn what are the potential Benefits in essence a token burn is when A project permanently removes a certain Amount of its tokens from circulation This reduces is the total circulating Supply of tokens making it more scarce And obviously when you take away Supply That tends to eventually help price Under the current model quick is Market Bought and then distributed to stakers In the Dragon's Lair so right now it's Market bought and then given to the Stakers which is good but that's not Burning the tokens we see the total Quick BuyBacks per month at least the Data this year they also cite a case Study when something like this was Upgraded with pancake swap below is an
Example of a case study from pancake Swap and their implementation of a burn Mechanism on their native cake tokens Including the impact before and after The burn mechanism was put in place so I'll link this down below for you guys To check out what has happened in the Past in essence it is clear that the Burn announcement initially drove Significant price appreciation before The event actually peeking at $25 in Price due to Market anticipation so it Was a little case of buy the Anticipation sell on the news but all in All a net positive because without the Burn the price of cake likely would have Seen much slower growth staying closer To its original value or losing value Due to inflation so it was a net Positive again this is being voted on by The quick community and this won't be Forever actually it's a 3month temporary Trial run to see how it goes and Possibly vote to extend from there again Maybe that's why we're seeing these Crypto leaders start to tweet about Quick swap decks give me your thoughts Down below seriously I want to hear what You think and like all we see tomorrow
