QuickSwap

Thing ∙ ID: 11018

QuickSwap is a decentralized exchange (DEX) on the Polygon Network, offering faster and cheaper transactions than Ethereum-based exchanges. It employs an automated market maker with upgradeable smart contracts, eliminating intermediaries. The platform emphasizes decentralization, censorship resistance, and security. It enables users to become liquidity providers by depositing tokens into pools for ERC-20 token trading. QuickSwap was founded by Roc Zacharias and launched in May 2021, with 96% of tokens distributed to the community. It supports all ERC-20 tokens on Polygon and imposes a 0.3% fee for swaps, which is distributed to liquidity providers. The exchange doesn't support leverage or margin trading.