QiDao and QuickSwap Introduce QUICK LP Rewards for Qi and miMatic
The QiDao Protocol is excited to announce that QuickSwap will now be rewarding Qi-QUICK and miMatic-USDC pairs on QuickSwap!
QiDao was founded to empower any project to create a stablecoin backed by their token. This move is an important step towards that mission, as our partners at QuickSwap help grow liquidity for Qi and miMatic, our first stablecoin.
What is QuickSwap?
QuickSwap is the leading decentralized exchange on Polygon, which benefits from the speed and low gas fees from being native to the Polygon network.
QUICK is QuickSwap’s governance token. By providing liquidity to trading pairs on QuickSwap, users earn 0.3% of trading fees. Also, liquidity providers earn the native QUICK token for their participation. The QuickSwap protocol will be governed by the community of QUICK token holders. This will eventually allow QUICK token holders to vote on proposals to make changes to the protocol. The aim is for the QUICK token to allow QuickSwap to become fully decentralized.
What is QiDao?
QiDao is a self-sustaining, community-governed protocol that allows you to borrow stablecoins interest-free against your crypto assets used as collateral. Loans are paid out and repaid in miTokens (stablecoin soft pegged to the USD).
When does it start?
The rewards will start today and will reward users with QUICK for providing liquidity for Qi-QUICK and miMatic-USDC.
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