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closedEnded 5 years ago ยท Snapshot (Offchain)

Whitelist QuickSwap (QUICK) with 200K Co-Investment (Attempt #2)

By 0xA159...E37BF6

Read the original proposal on Discourse

  • Co-Investment of 200,000 BNT.
  • There are no apparent security concerns that would prohibit whitelist status.
  • Quick Pool is incredibly lucrative and synergizes really well with MATIC, our best performing pool.
  • QuickSwap is the largest DEX on Polygon by users, volume, and TVL.

Contract Address : 0x6c28aef8977c9b773996d0e8376d2ee379446f2f

Project Website: https://quickswap.exchange/ 1

Token Security

QUICK does not have an elastic supply, or rebase mechanism. The QuickSwap ERC-20 contracts do not have permissions that grant administrators unrestricted mint/burn capabilities. QUICK is a capped-supply token with a total supply of 1 million tokens and circulating supply of ~200,000 QUICK. The remainder is being distributed through liquidity mining over the next 3.5 years. Only around 50,000 QUICK was set aside for the team with the rest being airdropped to UNI holders or earned through liquidity mining.

Project

QuickSwap is a permissionless decentralized exchange (DEX) based on Ethereum, powered by Matic Networkโ€™s Layer 2 scalability infrastructure. By utilizing Layer 2 for transactions, QuickSwap users will be able to trade any ERC20 asset at lightning-fast speeds with near-zero gas costs.

Abstract

Bancor has managed to captivate the Polygon/Matic Community, growing their pool to huge depth and great APRs. Having such strong support from MATIC not just in terms of LPs but Volume, it would make sense for us to next Whitelist QUICK, a strongly correlated project.

QuickSwap has recently proven to be one of the best pools on Uniswap. With a regular 1:10 Liquidity to Volume Ratio in the last 2 weeks. In addition to this as we can see below recent LPs have seen their gains devoured by IL. It seems to me it is an opportune time to jump in and try to become the deepest pool on the Ethereum Chain. A 200,000 BNT Co-Investment would allow us to over-take the Uniswap pool by a decent margin.

Community and Communication

Twitter : https://twitter.com/QuickswapDEX

Telegram : Telegram: Contact @QuickSwapDEX

Medium : https://quickswap-layer2.medium.com/ 1

Github : QuickSwap - GitHub

Audits

QuickSwap itself does not have a direct audit but this is not an issue since it is an identical fork of UniSwap V2. The team has stated โ€œQuickSwap is a fork of UniSwap, without a single line of code being changedโ€ This makes the Uni Audit Valid for Quickswap. Uniswap V2 Audit Report

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0
Votes 169
VoterCast PowerVote & Rationale
0xc32E...35cC22
6.156M

FOR

0xd7E2...3E7a19
810,187

FOR

0x374a...ff46B9
665,434

FOR

0x4862...527Df6
560,915

FOR

0x12dD...029B66
241,316

FOR

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Proposal Status
  • Mon May 31 2021, 04:00 pmVoting Period Starts
  • Thu June 03 2021, 04:00 pmEnd Voting Period
Current Results

1-FOR

11.263M

98.69%

2-AGAINST

149,049.475

1.31%
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