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About QuickSwap

What is QuickSwap?

QuickSwap is a decentralized exchange operating on the Polygon Network that provides cheaper and faster trading. Its automated market maker integrates with scalable smart contracts on ethereum, making the middle ground irrelevant. The exchange is based on open source software and emphasizes decentralization, censorship resistance and security. The exchange's gas fees are extremely low compared to Ether, and transaction execution is fast and simple. Anyone can deposit tokens into the liquidity pool to become a liquidity provider. The exchange can trade a variety of ERC-20 tokens based on a constant product formula. The mechanism does not require the use of an order book, and traders have access to a constant liquidity pool. The liquidity provider can passively invest its assets to accumulate transaction fees or make liquidity available as a hedge to execute certain trading strategies. Traders can use instruments such as token exchanges or execute arbitrage bots to compare prices across exchanges. Finally, developers can integrate exchanges with different liquidity aggregators or wallets.

Who are the founders of QuickSwap?

QuickSwap was founded by Roc Zacharias, who is also the CEO of Lunar Digital Assets, a blockchain marketing and consulting firm that also serves as an advisor to QuickSwap. The exchange's advisors also include the Matic Foundation - the governance entity for the Polygon blockchain.

When did QuickSwap launch?

QuickSwap launches in May 2021, with over 96% of tokens already allocated to the community. It can now be considered the primary decentralized exchange on Polygon, a layer 2 solution on Ether.

Where is QuickSwap located?

The exchange did not provide any information about its headquarters.

Countries that restrict access to QuickSwap

At the time of writing, there was no information about the countries that restrict access to the exchange.

List of tokens supported by QuickSwap

QuickSwap supports all ERC-20 tokens deployed on Polygon, including wrapped tokens such as Wrapped Bitcoin.

What are the fees for QuickSwap?

There is a 0.3% fee for exchanging tokens on the exchange, which is allocated proportionally to the liquidity provider.

Can I trade on QuickSwap using leverage or margin?

The exchange does not offer leveraged or margin trading services.