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Quickswap
About Quickswap
QuickSwap, a prominent Automated Market Maker (AMM) on the Polygon Network, offers a cost-effective token swaps and liquidity provision platform, drawing from Uniswap's liquidity pool model. Created by Sameep Singhania to combat high gas fees on decentralized exchanges, it operates as open-source software under the GPL, inviting developer contributions. Its native token, $QUICK, launched in February 2021, is pivotal for incentivizing liquidity provision, with 90% of its total supply earmarked for liquidity providers. Moreover, $QUICK facilitates decentralized governance, allowing holders to steer platform development by proposing and voting on new features. Extending its utility across the Polygon ecosystem, $QUICK underpins various DeFi projects, wallet integrations, and DEX aggregators, while supporting the development and expansion of innovative DeFi tools and the QuickSwap ecosystem.
QuickSwap is an Automated Market Maker (AMM) operating on the Polygon Network, providing users with an efficient and economical mechanism for token swaps and liquidity provision. It inherits its liquidity pool model from Uniswap, a model wherein users earn transaction fees by contributing pairs of tokens to liquidity pools. QuickSwap emphasizes decentralization, censorship resistance, and security, serving traders, developers, and liquidity providers within its ecosystem.
QuickSwap was birthed by Sameep Singhania, who was motivated by frustrations over high gas fees on various leading decentralized exchanges. The protocol, crafted as open-source software and governed under the GPL (General Public License), encourages developers to contribute to and benefit from the platform, enhancing its functionality and user experience over time.