The Trial of Fire: 100% QUICK Burn

For the last few years, a portion of revenue that is earned (from fees and other products) by the QuickSwap DEX has been utilised to buy back the QUICK token on the open market. This QUICK is then provided in the form of staking rewards (as real yield) to QUICK stakers in the Dragon’s Lair, incentivising token holders and the broader community.

Although this process has been the norm, it’s always critical to consider switching things up and exploring other mechanisms to improve the utility and tokenomics for QUICK.

The potential impact of token burns will be illustrated through a series of key case studies later in this blog.

This proposal is being introduced for the dragon community to decide if QuickSwap should implement a burn of 100% of QUICK tokens bought back via revenue, for a trial basis (to be decided in the vote).

TL;DR:

-To date, QuickSwap has taken a portion of its revenue to buy back the QUICK token, which is then provided as yield (staking rewards) to QUICK stakers in the Dragon’s Lair -This proposal is being introduced for the dragon community to decide if QuickSwap should implement a burn trial of 100% of QUICK tokens bought back via revenue -This vote will run until Monday, September 9 at 11:30 AM UTC -Make sure to read the entire blog post and visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members