Should QuickSwap Extend Its Foundation ALM Revenue Time Period?

A governance proposal passed in June 2023 where the community voted in favor of providing 100% of Gamma V3 fees to the Foundation for 12 months to help fund QuickSwap growth initiatives.

Since then, QuickSwap has expanded its portfolio of ALM providers to offer more flexibility to LPs (Liquidity Providers). These ALM providers are essential to maximising efficiency and rewards for LPs on the QuickSwap DEX, giving users strategies for select token pairs to automatically keep their liquidity in range, auto-compound earnings, and more.

As of today, the ALM providers supported on QuickSwap are Gamma, Steer Protocol, DefiEdge, and ICHI. These 4 ALMs are directly integrated on the UI and provide strategies across multiple chains on the QuickSwap DEX - Polygon PoS, Polygon zkEVM, and Manta Pacific.

QuickSwap is continuing to build the necessary infrastructure and tech to help support its vision to fulfill both the Polygon 2.0 and DragonFi 2.0 narratives, deploy on more Polygon CDK Chains, launch it’s new CLOB DEX, launch it’s two new perps products, make improvements to the overall UI/UX, support general operations, and more.

To cover expenses to support new developments (i.e. building and maintenance of infrastructure etc.), additional funds will be required.

This proposal has been introduced for the community to decide if the QuickSwap Foundation should continue to receive QuickSwap’s share of the fees for a certain amount of months (detailed below and to be outlined in the vote) from each ALM provider’s V3 operations.

TL;DR: -The 15% performance fee from QuickSwap’s V3 integration with the ALM providers (Gamma, Steer Protocol, DefiEdge, and ICHI) is currently split 50/50 between QuickSwap & each ALM provider -Additional funds will be required to help QuickSwap continue to cover current expenses for development, marketing, operations, etc. to continue to make improvements to infrastructure, deploy new products, and more -This proposal has been introduced for the community to discuss and vote on whether the Foundation should receive 100% of QuickSwap’s share of performance fees of each ALM provider’s V3 operations for a certain amount of months (details to be outlined below) -This Snapshot vote will conclude on Thursday, July 18 at 2:00 PM UTC -Make sure to read the entire blog post and visit the QuickSwap Reddit discussion forum to discuss further with your fellow community members