Should QuickSwap Proceed with QuickPerps, Market Making, Transitioning New $QUICK, and More?

Dragonites, the governance discussion that we’re introducing today is among the most complex and important decisions we’ve asked you to make yet. We ask you to bear with us as we outline each element.

The QuickSwap Foundation is excited about the elements outlined in this proposal and believes they would be beneficial to our community, DEX, and DragonFi ecosystem in the intermediate short and long term. We now need the community to discuss and decide if we should move forward.

TL;DR

• QuickSwap is asking the community to allocate 4.8% of $QUICK’s supply to the Foundation, which we would use for Market Making, audits, transitioning Old $QUICK to New $QUICK (including listings on exchanges), and more

• The Foundation will use up to 4% of the token’s total supply to bring on professional Institutional Grade Market Makers (MMs) — they would assist with transitioning Old $QUICK to New $QUICK and create a better trading environment for the community, among other value adds

• The Foundation would use the remaining 0.8% to cover the costs of audits for the Perpetual Exchange and possible additional costs to transition to New $QUICK

• QuickSwap is aiming to launch our Decentralized Perpetual Exchange product (QuickPerps — tentative release for mid-May) on relevant Polygon chains including Polygon PoS & Polygon zkEVM, which would come with a variety of unique features, partners, and serve as an additional revenue source and product for users in the DragonFi ecosystem

• The vote will run until Friday, May 5 at 12:00 PM EST

Please read carefully through this document before forming an opinion: https://quickswap-layer2.medium.com/quickswap-governance-discussion-quickperps-market-making-new-quick-more-1a638abf999d

After reading the full proposal, please join us in our Reddit forum to further discuss with the team and community: https://www.reddit.com/r/QuickSwap/comments/130cvbm/quickswap_governance_discussion_quickperps_market/