QuickSwap Governance Vote Concluded: We Will Feature Banner Ads

TL; DR:

  • On July 21st, we opened a discussion forum asking our community if QuickSwap should feature banner ads
  • The community responded with some harsh criticisms
  • As a community-governed DEX, we always consider your perspectives, which is why we adjusted the proposal and continued to discuss it
  • We explained that the current bear market conditions have led to radically decreased volume, which has impacted the QuickSwap Foundation
  • If implemented, the revenue generated from banner ads would fund the QuickSwap Foundation, which is how we pay for our development, marketing, and operations expenses
  • After the revisions were made, QuickSwap’s community expressed strong support for the proposal, which is why we are now introducing a governance vote
  • The snapshot for the vote will take place on Wednesday, July 27th
  • The vote will begin immediately after the snapshot and will run until Monday, August 1st
  • If this vote passes, QuickSwap will immediately begin selling ad space on our UI, and you will likely see banner ads within 1–2 weeks
  • Details about the proposal, voting eligibility, and how to participate follow

Who, What, Where, When, Why, and How?

Who?

What?

Where?

When?

Why?

How?

  • Audited tokens
  • CEXs that support Polygon withdrawals and deposits
  • Lending and borrowing protocols
  • All EVM-focused projects
  • If/when ad space fills up, Polygon-focused projects will get priority
  • IDOs/ILOs
  • Products that we believe will appeal to our user base

Timeline

Voting Eligibility

To be clear

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 remember: 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 remember: 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 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 Coinbase, Binance, 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 Wednesday, July 27th
  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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