Proposal to Deploy Stargate Liquidity on QuickSwap

General
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QuickSwap and Stargate have been exploring strategies to build a symbiotic relationship while deepening STG liquidity on Polygon. This proposal aims to establish a strong presence for the Stargate DAO and its STG token by deploying significant liquidity in the QuickSwap DeFi suite.

Proposal:

QuickSwap is a premier, high-performance DeFi suite on Polygon that features a cutting-edge V3 DEX and Perpetuals Exchange, QuickSwap Falkor. QuickSwap processes millions in volume daily, holds more than $330 million in TVL, and specializes in providing innovative earning incentives and a streamlined user experience.

In addition, QuickSwap has developed a long-standing reputation as a major DeFi project promoting and evangelizing Polygon’s Layer 2 scalability stack. Now an established ecosystem brand leading Polygon DeFi, QuickSwap offers an excellent opportunity for Stargate to build a strategic foothold for STG on Polygon.

QuickSwap proposes migrating the existing liquidity from SushiSwap onto QuickSwap in order to build substantial liquidity for STG on Polygon’s PoS chain via the STG/USDC pair. To further strengthen liquidity, 1,000 $QUICK tokens per day will be distributed as an additional avenue for reward incentives. QuickSwap would also deploy $QUICK as an OFT token.

Link to audit: audits/algebra/ABDK_Algebra_v_1_0.pdf at main · abdk-consulting/audits · GitHub

Execution:

Stargate will migrate its current LP position on SushiSwap V2 on Polygon to QuickSwap’s V3 pool..

2 Likes
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Hi dragonrider,

Appreciate you taking the time to put together a proposal for Stargate DAO. To be candid, I don’t see a strong need to deploy STG/USDC on Polygon at this time. While I understand there’s currently dormant LP on SushiSwap, I believe it would be more prudent to keep these assets in the treasury for now.

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Hello - we appreciate the candid feedback. To clarify, this proposal is about more than just liquidity migration. It’s about creating a strategic synergy between Stargate and QuickSwap to deepen Polygon presence and expand Stargate’s multichain footprint. QuickSwap is also expanding to many chains, such as Base (coming soon).

QuickSwap is actively working to make the QUICK token OFT-compliant - we’d love to see Stargate as a bridge partner across ecosystems, especially as we extend to new chains. Supporting STG/USDC on Polygon positions Stargate to capture bridging and DeFi flows as QuickSwap’s expansions, Polygon’s CDK, and the AggLayer all scale up.

Rather than leaving LP dormant, deploying it on QuickSwap strengthens Stargate’s discoverability (QuickSwap is the #1 dApp on Polygon PoS) and prepares for the next wave of cross-chain growth.

If you have any further questions or want to discuss, please let us know - happy to provide more input

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I’ve never heard of QuickSwap and I don’t think it makes sense to switch from Sushi to it, especially without any significant incentives for STG holders