Should QuickSwap Broaden the Scope of Funds Reserved for DAO Liquidity Mining Rewards?

Since its 2020 launch, QuickSwap has been issuing liquidity mining rewards to incentivize LPs to contribute liquidity to the QuickSwap DEX. As of today, the funds reserved for liquidity mining rewards make up 96% of the $QUICK token supply. Employing these funds to attract LPs and capital has been a major success, and has been instrumental in driving growth in both QuickSwap’s V2 TVL and Gamma V3 pools and farms.

In the years since its launch, both QuickSwap and the broader DeFi sector have matured substantially. Today, standard LP rewards programs no longer represent cutting-edge strategies to out-maneuver the space’s leading DeFi platforms. Fortunately, QuickSwap has several important initiatives lined up for launch in 2023, among them QuickPerps and a slick mobile app.

These near-term initiatives and others still in the works will play significant roles in driving adoption and raising awareness for QuickSwap. They will also contribute significantly to the growing Polygon DeFi landscape. In order to properly bring new platforms and DeFi tools to market, compete with the space’s leading DeFi platforms, and market effectively, simple liquidity mining programs alone are no longer the only or best option in all cases.

The purpose of this governance discussion is to ask the QuickSwap community if the scope of funds reserved for liquidity mining should be expanded to include other strategies such as trading competitions, quests, and user acquisition campaigns, initiated either exclusively by QuickSwap or in collaboration with other platforms.

TL;DR: • Since its inception, QuickSwap has been issuing liquidity mining rewards to incentivize LPs to contribute liquidity to the QuickSwap DEX. • QuickSwap is asking the community if the scope of funds reserved for liquidity mining incentives should be broadened to include growth-focused trading competitions, quests, and user acquisition campaigns. • The vote is now live and will run until 8:30am EST, Tuesday, May 23. • Read the blog here to form an opinion: https://quickswap-layer2.medium.com/quickswap-governance-discussion-should-quickswap-broaden-the-scope-of-funds-reserved-for-dao-724f9c220df6 • Join the discussion on Reddit to chat further with the community (link below)