QuickSwap’s GoDaddy Domain Hijack: How it Happened & Our Proposal to Restore the Community

TL; DR:

  • Update: This vote concluded on May 24th. 66.1% voted in favor
  • On May 14th, hijackers gained access to QuickSwap’s domain through GoDaddy
  • The hijackers changed the DNS settings so that all trades would go to his or her address
  • When QuickSwap recognized the issue, we immediately contacted GoDaddy and issued a warning to the community
  • To combat this security breach, we have moved our DNS hosting to a more secure platform
  • QuickSwap regained access to our domain on May 14th at approximately 7 am UTC
  • From the start of the attack until 4 am UTC on May 18th, $107,600 was traded on the fraudulent site and was lost to the attacker
  • QuickSwap deeply empathizes with our community members who were affected by the domain hijacking. We value our community above all else, which is why we are introducing a governance vote to use funds from our treasury to pay tribute to the affected parties
  • The snapshot for the governance vote will take place on Friday, May 20th and the vote will run through Tuesday, May 24th
  • More details follow, please read the proposal below BEFORE jumping into our discussion forums

First, some background

What happened?

What are we doing about it?

Now, onto the governance proposal…

BUT

How much would be endowed and how would it be paid?

How would this impact QUICK’s price?

Should we sue GoDaddy?

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 Old and 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).

Timeline

How to participate in the vote

  1. Visit https://snapshot.org/#/quickvote.eth after the snapshot on Friday, May 20th.
  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 to vote?

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