Additional Extension of the 100% QUICK Burn 'Trial of Fire'

In January 2025, a governance vote was introduced to extend the ‘Trial of Fire’ another 3 months, continuing it from its inception in October 2024. The community voted ‘Yes’ for this vote, meaning that QuickSwap would continue to buy back and burn QUICK tokens using 100% of protocol revenue for another 3 months (making it a 6 month trial).

These additional 3 months have almost passed (ending April 1, 2025), and have been helpful in compiling more important data, painting a clearer picture of the effects of the overall burn on the token.

Over the entire 6 month ‘Trial of Fire’ period, 6.8% of the QuickSwap DEX’s share of the 10% protocol fee went to the QUICK buyback and burn. A recent governance proposal was passed to increase the DEX’s protocol fee from 10% to 15%, meaning future buybacks/burns would be significantly larger than before.

This governance proposal is being put forth for the dragon community to decide if the ‘Trial of Fire’ should be extended for another 3 months to assess the effects of the new QUICK buyback and burn using 100% of the funds derived from the DEX’s protocol fee of 10% (after scaling it up considerably from 6.8% to 10%).

With the metrics that are outlined in the blog, if this vote were to be implemented, the QUICK token would become truly deflationary and it would make QuickSwap the first truly deflationary DEX in the world.

More information, including key statistics and metrics of the previous buyback and burn, can be found in the blog here: https://x.com/QuickswapDEX/status/1907089120255766659