QuickSwap Governance Proposal: Should We Move Forward with a V3 ‘Concentrated Liquidity’ Model?

After a few days of discussion in our Reddit forum and across social platforms, QuickSwap is introducing a governance vote about the possibility of acquiring a license for a V3 ‘concentrated liquidity’ protocol.

TL; DR:

• Earlier this week, we opened a discussion forum asking our community if QuickSwap should move forward with the acquisition of a license for a V3 ‘concentrated liquidity’ protocol.
• We believe that acquiring a V3 model will help QuickSwap regain volume dominance among Polygon’s many DEXs and provide a more efficient trading environment for Polygon’s users.
• After a few days, most of the community seems to be on board with the proposal, recognizing that the acquisition of a V3 would be the biggest upgrade in QuickSwap’s history.
• We need a maximum of $350,000 from the treasury to pay for audits to ensure the protocol’s safety.
• We are now moving to the next phase: a governance vote.
• The snapshot for the vote will take place on Friday, June 24th.
• The vote will begin immediately after the snapshot and will run until Tuesday, June 28th.
• If the vote passes, we anticipate implementing the V3 in Q3 of this year (estimate).
• We have a simultaneous governance discussion and vote going on about implementing an isolated lending and borrowing market. QUICK holders can participate in both governance votes.
• Details about the proposal, voting eligibility, and how to participate in QuickSwap’s upcoming governance vote follow.

Read the full article on our official blog here: https://blog.quickswap.exchange/posts/v3-concentrated-liquidity-model

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