QuickSwap Governance Proposal: Should We Add a Build-a-Farm Feature Powered by Cryption Network?

TL;DR:

  • On July 7th, we opened a discussion forum asking our community if QuickSwap should add a Build-a-Farm feature to our UI
  • If implemented, Build-a-Farm would allow protocols to fund their own liquidity mining rewards and enable QuickSwap to reduce $QUICK emissions
  • QuickSwap’s community expressed early support for the proposal, which is why we are now moving forward with the next phase: a governance vote
  • The snapshot for the vote will take place on Monday, July 11th
  • The vote will begin immediately after the snapshot and will run until Friday, July 15th
  • If the vote passes, Cryption and QuickSwap’s developers will work together to implement this new feature in the coming weeks
  • Details about the proposal, voting eligibility, and how to participate in QuickSwap’s upcoming governance vote follow

To farm or not to farm? That’s not the question

  • Lowers QUICK/dQUICK emissions for LP mining rewards
  • Entices protocols to host their own incentivized liquidity pools on QuickSwap
  • Increased user engagement
  • Brings QuickSwap one step closer to achieving our DragonFi goal of becoming a one-stop-shop for DeFi on Polygon
  • Increases QuickSwap’s TVL and volume as it generates more economic activity
  • A stronger connection with the veteran builders behind Cryption Network and Dapp Factory
  • No change to QuickSwap’s UI/UX for users who chose not to engage with the Build-a-Farm feature
  • As far as we know, QuickSwap would be the first AMM DEX to include this feature, giving us the first-mover advantage

Community Support

Timeline

Voting Eligibility

You are eligible to vote if you meet any of the following conditions:

  • You hold Old QUICK in a MetaMask Wallet or another Polygon-enabled wallet to which you control the private keys. Please note: To qualify, your Old QUICK must be held on the Polygon Network and not on Ethereum, BSC, or any other chain.
  • You hold New QUICK in a MetaMask Wallet or another Polygon-enabled wallet to which you control the private keys. Please note: To qualify, your New QUICK must be held on the Polygon Network and not on Ethereum, BSC, or any other chain.
  • You deposited your Old QUICK into the Dragon’s Lair and are now holding dQUICK in its place while you accumulate more Old QUICK.
  • You deposited your Old QUICK into a Dragon’s Syrup Pool and are farming other tokens with it.
  • You deposited your New QUICK into a Dragon’s Syrup Pool and are farming other tokens with it.
  • You are providing liquidity for select New QUICK pairs on QuickSwap and have staked your LP so you’re earning trading fees and dQUICK rewards. Select pairs include:

You are not eligible to vote if:

  • You hold Old or New QUICK on a centralized exchange wallet — such as Binance, Coinbase, Crypto.com, etc — to which you do not hold the private keys.
  • You hold Old or New QUICK in a self-custodial wallet (like MetaMask), but you keep that QUICK on Ethereum, BSC, or any network other than Polygon.
  • You are providing liquidity for a QUICK pair not listed above on QuickSwap or for any QUICK pair on another DEX. (To be clear: Only the QUICK you are using to LP for pairs not mentioned above will be excluded from the snapshot. If you also hold QUICK that you are not using to LP with, you will be eligible to vote with that).
  • You have deposited your QUICK or dQUICK in a vault outside of QuickSwap to lend or borrow.

How to participate in the vote

  1. Visit https://snapshot.org/#/quickvote.eth after the snapshot on Monday, July 11th.
  2. Connect your MetaMask Wallet (or other Polygon-compatible, self-custodial wallet)
  • Make sure you’re connected to the Matic Mainnet
  • The combined weight of Old QUICK, New QUICK, and dQUICK in your wallet at the time of the snapshot will dictate the weight of your vote
  • $QUICK staked in select liquidity pools will also be counted in the weight of your vote

Which way should I vote?

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