Should QuickSwap Launch on X1 (OKX) Testnet Chain?

With QuickSwap’s DragonFi 2.0 initiative kicking off this week and setting the stage for what’s to come for the DEX and ecosystem’s future, Polygon CDK chain deployment is at the top of the priority list to make this vision a reality.

In 2023, QuickSwap DEX has gone live on Polygon zkEVM, Manta Pacific, and Astar zkEVM’s testnet. And there are plans to not only continue but rapidly pick up this momentum leading into 2024.

Now it’s time to introduce the next proposed step in chain expansion. QuickSwap and OKX, the 2nd largest CEX with over $2.8 billion in daily volume and 25 million monthly visitors (as of December 12, 2023), have built a strong relationship with one another over the past few months and years through campaigns and other initiatives.

OKX recently launched the testnet for X1, their new ZK-powered Layer 2 and EVM-compatible chain that bridges the gap between the OKX and Ethereum communities. Built with the powerful Polygon CDK tech stack, OKX has dived straight into the Polygon ecosystem with a splash.

This proposal has been introduced for the dragon community to decide if QuickSwap should launch on the testnet of X1, OKX’s Layer2 chain built with Polygon CDK. QuickSwap deploying on X1 would mark a huge opportunity to further unite the OKX and Polygon ecosystems while making the DEX a first mover on the chain to spark adoption.

If the community votes in favor of this proposal, QuickSwap would first launch on the testnet in 2023 and would have another vote down the line for mainnet.

TL;DR • QuickSwap is aiming to continue to push and fulfill the DragonFi 2.0 narrative to become a leader on Polygon CDK chains • OKX has launched X1, a new ZK-powered Layer 2 and EVM-compatible chain that offers high scalability, low transaction costs, and instant finality. The network is designed to merge the OKX and Polygon ecosystems • This proposal is for the QuickSwap community to decide if the community should launch its Uni V3 multi-fee tier contracts on X1 (testnet first in 2023, mainnet is estimated to come in early 2024), which would make it the first DEX to deploy on the chain and may open up many more potential future initiatives, collaborations, and opportunities with OKX (this could also help push OKX over the edge to list New QUICK on their CEX) • If approved, the community would launch Uni V3 contracts to start but could decide to launch Algebra in the future if the community requests - this will result in more revenue to the Dragon’s Lair and Foundation because no fee would be paid to Algebra • The fee structure will be voted upon in a broader future vote next week • The vote is now live and will run until Monday, December 18 at 4:00 AM UTC • Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members