Should QuickSwap Reduce Emissions Whilst Also Using Them More Effectively?

In May 2023, QuickSwap launched a governance discussion and formal vote to expand the scope of funds reserved for DAO liquidity mining rewards that are currently being used to incentivize LPs to contribute liquidity to the DEX. The community requested that the contributors provide more specific use cases and granularity.

Per the community’s request, QuickSwap is re-introducing a revised proposal that dives deeper into more detailed use cases and case studies for the expansion of the scope of funds reserved for DAO liquidity mining rewards. Additionally, this proposal has been co-written with community members and potential partner ApeSwap. Please see the section ‘Liquidity Mining Incentives - Bonds’ for the ApeSwap contribution.

QuickSwap wants to be as open and transparent as possible - dragons take care of their own and QuickSwap is making sure the community’s voices are heard!

Given that the state of DeFi is rapidly growing and evolving, regular LP reward programs no longer provide the full or most effective firepower needed to help protocols remain competitive across the landscape. Projects are exploring other new and exciting ways to boost protocol activity, drive engagement, and build communities in DeFi as a major value-add - while protocols still continue to use vanilla liquidity mining reward programs to incentivize users, they’re becoming more of a base layer and bootstrapping method than an optimized additional layer for new growth and user acquisition. As a reminder from the previous proposal, QuickSwap has big plans for 2023 and beyond to deploy new and exciting products, with QuickPerps being the hallmark of what the DEX has launched so far this year - the QuickSwap team sees this as an amazing opportunity to ignite growth for these new products, especially amidst the rising interest in the DeFi sector. Additionally, these new strategies can be more efficient than vanilla liquidity mining campaigns, which would allow the community to lower overall emissions for the same or better results.

The purpose of this governance discussion is to ask the QuickSwap community if 1. The scope of funds reserved for liquidity mining should be expanded to include other strategies such as trading/volume incentives & competitions, bonds, quests, and other user acquisition campaigns, initiated either exclusively by QuickSwap or in collaboration with other platforms, and 2. Emissions should be lowered and used more efficiently.

TL;DR: • QuickSwap currently issues liquidity mining rewards to incentivize LPs to contribute liquidity to the QuickSwap DEX and QuickPerps protocol • QuickSwap is asking the community if the scope of funds reserved for liquidity mining incentives should be broadened to include more efficient growth-focused trading/volume incentives like volume mining, competitions, bonds, quests, marketing & other user acquisition campaigns Examples of how QuickSwap intends to utilize the funds are outlined in detail below, along with several case studies of successful campaigns run with prominent Quest platforms • The vote is now live until Monday, July 24 at 12:30 PM UTC • Make sure to read the blog post to form an opinion: https://blog.quickswap.exchange/posts/quickswap-governance-discussion-should-quickswap-reduce-emissions-whilst-also-using-them-more-effectively • Once you've read through the blog, go to the QuickSwap official Discord governance discussion channel and Reddit form to chat with the community and share your opinion