QuickSwap Will Start Paying Liquidity Mining Rewards in dQUICK
Liquidity providers are imperative to the successful functioning of any decentralized exchange. Without LPs, there would be no way to conduct trustless, peer-to-peer transactions on the blockchain. That said, not everyone who uses QuickSwap is (or should be) a liquidity provider.
QUICK stakers who started using their staked representative token $dQUICK to earn additional passive income by farming tokens that participate in our Dragon’s Syrup program — all without carrying the risk of impermanent loss that LPs take.
— All previous staking pools will be deprecated, which means users will have to pull out their LP tokens from those contracts.
— For each incentivized pair, a new staking contract will be deployed.
— QUICK will be converted to dQUICK and distributed to each staking contract as per its share.
— Liquidity providers will need to stake their LP tokens in the new staking contract.
About QuickSwap
Next-gen Layer 2 DEX powered by Matic Network. Trade at lightning-fast speeds with close-to-zero gas fees.
