QUICK Tokenomics Update - The Ultimate Refresh

In September 2024, the first of 3 governance votes was introduced where the community voted “Yes” to buy back and burn QUICK tokens using 100% of protocol revenue for a 3 month trial. Coined the ‘Trial of Fire’ that started on October 1, 2024, this buyback and burn mechanism has been ongoing ever since, slated to conclude at the end of June 2025.

The data and results of the QUICK token burn have been staggering, to say the least. Probably the most impressive stat, among many, is that over $1 million in QUICK has been bought back and burned in just shy of 9 months, and the burn rate has been accelerating recently due to the increased fee burn from the last vote. We’ve seen ~$340,000 in QUICK burns in the last 30 days, a rate of over $10,000 in QUICK/day.

If continued without any increases in volume from potential bull market conditions, we’d burn ~$4.1 million QUICK/year (~20% of the supply). If we saw numbers even close to the last bull cycle, we could be burning tens or hundreds of millions of dollars in QUICK per year - as we know, we typically see larger numbers during each bull run (in general industry numbers).

Now it’s time to take things a step further and look at the broader vision for the QUICK token and the overall DEX itself - revamping the tokenomics and making big changes to the platform and team to help QuickSwap maintain a strong market position and increase long-term sustainability.

This governance proposal has been introduced to outline an updated QUICK tokenomics model designed to align both the interests of the dragon community and QuickSwap DEX, which includes allocating funds during an aggressive rebuild phase to serve 5 primary purposes:

1. Making emissions more sustainable and extending the QuickSwap community treasury token runway.

2. Onboarding Protofire as our new primary developer team to revamp the QuickSwap platform’s UI/UX with a complete redesign and overhaul.

3. Upgrade various components of QuickSwap’s infrastructure, such as subgraphs and RPCs.

4. Protofire supporting ongoing DEX operations and fixing existing bugs/issues.

5. Protofire leading new product building and innovations, plus chain deployments.

Make sure to read the official blog for all the information before you vote: https://x.com/compose/articles/edit/1935318660765327360