Polygon’s Daunting DeFi-QuickSwap

This series brings the views of top DeFi applications integrated on Polygon. We had time to sit down with the DinoSwap team to learn more.

1. Please tell us more about your project and your team.

QuickSwap is a DEX or decentralized exchange built on Polygon. It’s a fork of UniSwap that we optimized to function with Polygon’s faster throughput and cheaper gas fees. We were the first DEX to launch on Polygon and though things have gotten much more competitive in recent months, QuickSwap remains the largest DEX with the most TVL and daily volume on the network.

We have a great team. It started with two developers Sameep Singhania and Nick Mudge. Shortly after, Roc Zacharias of Lunar Digital Assets joined as an advisory team. We’ve grown a lot since the early days, adding developers, marketers, community managers, business development specialists, and so much more. In addition, we consider our substantial and active community members to all be part of the QuickSwap team since we really couldn’t do it without them.

Interested parties can learn more about our team and beginnings here.

2. Where are we in the hype cycle for DeFi?

Timing the market in the short term can be challenging. Although we aren’t sure what will happen in the market today, tomorrow, or next week, we’re certain that DeFi is here to stay, and this is only just the beginning. More and more people around the world are waking up to the fact that passive income earning is a necessity for life. With global hyperinflation already well underway, few earn enough in hourly income to live as comfortably as they’d like. Therefore, putting people’s money to work for them with options like staking and yield farming is becoming a real necessity. Yet, while people have begun to realize the need for passive income, few have started the deep dive into DeFi, how it works, and how they can make it work for them.

More products and projects launch every day that enable DeFi’s users with options for earning yield. We are just getting started!

3. Who are some thought leaders you follow in the space?

So many amazing influencers and thought leaders are helping to shape the future of decentralized finance, it would be impossible to name them all, but just to list a few:

Those who have been paying attention lately will notice that at QuickSwap, we’re big fans of Mark Cuban. The billionaire investment entrepreneur and entertainment mogul from NBC’s “Shark Tank” have supported QuickSwap from the early days. We value his insights and we hope to work more closely with him in the future.

Of course, we also follow and have a great deal of respect for Hayden Adams — UniSwap’s creator; Dan Finlay — MetaMask’s founder; Sandeep Nailwal — Polygon’s COO; and Vitalik Buterin — Ethereum’s founder; among many others

4. What is one thing that most people don’t know about your project?

One thing that few people know or understand about QuickSwap is that it is a community-focused endeavor. Even the way we distributed tokens was fair, with 96.7% of the total supply being distributed or already distributed to community members. We had no seed round, no private sale, and no ICO. There are no token unlocks that QUICK holders have to account for or worry about. Additionally, we’re the only DEX that has more TVL than market cap, so hopefully, that speaks for itself.

Anyone who wants to learn more about QUICK’s tokenomics can read more here.

5. Why did you choose to build on Polygon?

QuickSwap’s founding team were (and still are) big advocates of the Ethereum ecosystem. We all believe that decentralized finance wouldn’t be where it is today without Ethereum; however, during times of high congestion on the network, Ethereum’s gas fees are untenable for most users. We wanted to continue to support Ethereum’s development while providing a less expensive option for decentralized trading — one of Ethereum’s most common uses. Since Polygon operates as a layer 2 scaling solution for Ethereum rather than a competing network — like EOS or Cardano, it was a natural fit. Additionally, Sameep — QuickSwap’s lead developer — had been working with Polygon (formerly known as Matic) since its inception in 2017, and Roc’s company LDA focuses on providing support for Polygon-based projects.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter Studios Twitter | Reddit | Discord | Telegram | Instagram

More from the Polygon Blog
Green Blockchain Summit 2.0: Agenda at a Glance 

Ethereum’s shift to Proof of Stake consensus, known as the Merge, has dramatically cut Polygon’s carbon dioxide emissions, opening the path to going beyond being carbon negative and toward empowering others to do the same. The conversation has shifted from blockchain sustainability to blockchain as a sustainability solution.  Join us for the second chapter of […]

Read More
Robinhood Selects Polygon to Launch Web3 Wallet Beta

Today, we are thrilled to announce that Robinhood has chosen Polygon as the first blockchain network to support its newly launched Web3 wallet. The Robinhood Wallet beta is now live for 10,000 iOS customers out of 1+ million who signed up for the waitlist in May. Together, Polygon and Robinhood are opening access to decentralized […]

Read More
What Is a zkEVM?

Zero-knowledge (ZK) tech is one of the most prominent and promising paths to scaling Ethereum. One popular use of ZK proofs to scale Ethereum is what’s known as a zkEVM (zero-knowledge Ethereum Virtual Machine). So what is a zkEVM, and how does it help us make Ethereum cheaper and more efficient to use? Understanding the […]

Read More
Polygon-Powered Icetea Labs Accelerator Launches With 6 Startups

Polygon has teamed up with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.  Working in a tight three-way partnership, Polygon is co-creating an accelerator to funnel resources, mentorship, education, and business acumen to promising Web3 companies from around the world. The startups selected for the accelerator […]

Read More
Apply to Polygon Bootcamp Africa and Kickstart Your Web3 Developer Journey

Applications are open for Polygon Bootcamp Africa, launched in partnership with Xend Finance! The eight-week intensive educational course and hackathon combo will put developers in Africa on the Web3 map.  This is Polygon’s biggest step in providing resources to developers, builders, and creators in Africa, and it comes during an important time.  An internet and […]

Read More
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience 

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]

Read More
Polygon Sponsors Moralis x Google 2022 ‘Defining DeFi’ Hackathon

Polygon has teamed up with Moralis and Google Cloud as an official Gold-Tier-Sponsor for the Moralis x Google 2022 Defining DeFi Hackathon!  From Oct. 3 to Nov. 11, hundreds of developers around the world will build the DeFi applications of their dreams, competing for prizes, bounties, and rewards from a pool of $155,000, with $50,000 […]

Read More
Polygon and OCEEF Bring Deep Sea Exploration to Web3

Entertainment can help people become more aware of and responsive to the problems we face. That's why Polygon has joined forces with the Ocean Conservation Exploration and Education Foundation (OCEEF) to advance ocean literacy by finding new and engaging ways to give people exposure to deep sea missions. The shared goal of this effort is […]

Read More
PolygonInsights - WEEK39

Hola readers! We announced Polygon Bootcamp Africa, an eight-week intensive educational course and hackathon combo, in partnership with Xend Finance, Polygon-based carbon compensation project Coorest has become the first Web3 initiative to have an officially verified carbon standard, and Quadrata, a passport network bringing the identity and compliance layer to public blockchains, is integrating its […]

Read More
crossmenuchevron-down-circle