QuickPerps Falkor perhaps also coming to Tron?
QuickSwap, one of the leading DeFi platforms on Polygon, has announced that its perpetuals exchange QuickPerps Falkor will deploy on Ethereum mainnet. Users will be able to deposit USDC from Ethereum onto Orderly Network to trade perpetuals with zero gas fees and up to 50x leverage.
The QuickSwap team launched QuickPerps Falkor in May this year. QuickSwap developed the perpetual exchange in collaboration with Orderly Network. Perpetual futures are a type of derivatives that allow traders to speculate on the future price of an asset. Traders can trade with leverage, but this type of trading doesn’t come without risks. Traders could open themselves up to potentially losing their money, or finding great success with their leveraged trades.
QuickPerps Falkor originally launched on Polygon zkEVM, and was brought to the much bigger Polygon PoS ecosystem last Spring. Thanks to the partnership with Orderly, users can trade without spending money on gas fees. By deploying the same service on Ethereum, the team wants to gain market share and strengthen its position as a leading perpetual DEX.
Future expansions to Tron?
The Tron ecosystem has made a splash recently with the success of Sun Pump, a memecoin launchpad from the SunSwap team. An inflow of crypto onto the Tron blockchain, has suddenly revived DeFi on Tron. Recent comments from Justin Sun and various other prominent industry leaders may suggest that QuickSwap also has plans to deploy QuickPerps Falkor on Tron.
Burning QUICK buybacks
The QuickSwap ecosystem is about to be revolutionized as the team is working on a revamp for the QUICK tokenomics. A burn proposal is currently up for vote by the QuickSwap DAO, and token holders can vote on the plan. The proposal discusses a 3-month initiative where all QUICK buybacks from the protocol will get burned.
Of course, in this case burning means sending the tokens to an inaccessible wallet address. This way they efficiently remove QUICK tokens from the circulating supply. Through this proposal the team wants the community to directly benefit from the platform’s success.
Closing words
QuickSwap expanding its DEX and perpetuals to Ethereum, could be a major catalyst for the QUICK token. In addition, there will be a reduction of the token supply. QuickSwap is clearly expanding its footprint in the wider DeFi ecosystem, and bringing innovation with its perpetual DEX to DeFi users across the globe. This makes QUICK a token to watch in the weeks and months to come.
Disclaimer — This is a sponsored article. DappRadar aims to provide accurate information, but readers should always do their own research before taking action. Articles by DappRadar can not be considered as investment advice.
