Should the Foundation Receive 100% of Gamma V3 Fees For 12 Months to Fund Growth?

QuickSwap’s integration with Gamma to enable V3 active liquidity management went live in January 2023. In just its first few months out of the gate, Gamma V3 has accrued almost $60M in TVL and has been a major success. Gamma V3 farms continue to deliver high rewards across the board and now play a key role in the QuickSwap product suite.

2023 is set to be a big year for QuickSwap, with plans to expand the DragonFi ecosystem with a new set of innovative DeFi products. In order to cover expenses and bring in the necessary specialists to support new product rollouts, additional funds are required, especially as current market conditions make it challenging to fund growth.

As outlined in the terms of QuickSwap’s partnership with Gamma, the revenue generated from performance fees for Gamma-powered V3 LPs and farms is currently split 50/50 between QuickSwap and Gamma. Out of a total of 14.4%, each party takes home 7.2%.

For the purpose of optimizing upcoming launches, QuickSwap is bringing forth a new governance discussion to ask the community if the QuickSwap Foundation should receive 100% of QuickSwap’s share of the fees for the first 12 months of Gamma V3’s operations.

Note: In the future, there will be a separate vote to decide on an updated fee breakdown amongst $QUICK holders.

TL;DR: • The 14.4% performance fee from QuickSwap’s Gamma V3 integration is currently split 50/50 between QuickSwap & Gamma. • Additional funds are needed to help cover current expenses and bring in the necessary specialists to support the rollout of new products and features in QuickSwap’s product suite. • It’s up to the community to discuss and vote on whether the Foundation should receive 100% of QuickSwap’s share of performance fees for the first 12 months of Gamma V3’s operations. • In the future, there will be a separate vote for the community to decide on the updated breakdown of the revenue split between QuickSwap & Gamma, as well as the breakdown amongst $QUICK holders. • Voting is live until Sunday, June 4 at 8:30 AM EST • Make sure to read the blog post to form an opinion: https://quickswap-layer2.medium.com/quickswap-governance-discussion-should-the-foundation-receive-100-of-gamma-v3-fees-for-12-months-386151382d58 • Once you've read the blog, read through the Reddit discussion forum and chat with the community