Difference between revisions of "QuickSwap (QUICK)"

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A [[permissionless]] [[DEX]] based on [[Polygon (MATIC)|Polygon]].
==Basics==
==Basics==
* Announced on:
* Announced on:
* [[Mainnet]] release: [https://twitter.com/QuickswapDEX/status/1314260508393037825?s=20 8-10-2020]
* [[Mainnet]] release: [https://twitter.com/QuickswapDEX/status/1314260508393037825?s=20 8-10-2020]
* Based in:
* Based in:
* A [[permissionless]] [[DEX]] based on [[Ethereum]].
== History ==
== History ==
* The QuickSwap exchange uses [[Uniswap]] code.
* The QuickSwap exchange uses [[Uniswap]] code.


== Audits & Exploits ==
* No [[bug bounty]] program offered ([https://docs.defisafety.com/finished-reviews/quickswap-polygon#audits 28-6-2021]).
*Scored a [https://defisafety.com/2021/06/28/quickswap-polygon/ 26%] on [[DeFi Safety]] ([https://t.me/c/1453353094/3617 28-6-2021]): ''"Yes its an accurate [[fork]] of [[Uniswap (UNI)|Uniswap]], but they stopped there. No docs. They put a link to the Uniswap docs which talks about UNI, not QUICK.  Take the effort to own your protocol."''
=== Bugs/Exploits ===
* [https://news.bitcoin.com/polygon-based-decentralized-exchange-quickswap-loses-220k-in-flash-loan-exploit/ From] [[Decrypt (DCPT)|Decrypt]] (24-10-2022):
''"Quickswap [https://twitter.com/QuickswapDEX/status/1584524584984145922?s=20&t=KCiTo_GPZvHi2DM3kGTFSQ explained] that the Market XYZ lending market was compromised for $220,000. “Quickswap Lend is closing,” the team’s Twitter account noted on Monday. “$220K was exploited in a flash loans attack due to a vulnerability with the Curve Oracle, which [Market XYZ] was using. Only the Market XYZ lending market was compromised. Quickswap’s contracts are unaffected.” Quickswap also added that [[Qi DAO (QI)|Qi Dao]] provided the seed funds for the Market XYZ lending market and stressed that “no user funds were compromised.”''
''In regard to the Quickswap exploit, the blockchain audit and security firm [[Peckshield]] explained that the vulnerability was discovered on October 11, 2022. “It is a price manipulation issue,” Peckshield [https://twitter.com/peckshield/status/1584336827514638336?s=20&t=ScyYHOBQBVrJmR8mRv-Afw tweeted]. “The Mimatic market uses Curvepooloracle for price feed, which is manipulated to borrow funds from the market,” the blockchain security analysts from Peckshield added."''
== Governance ==
=== Admin Keys ===
* [https://docs.defisafety.com/finished-reviews/quickswap-polygon#audits According] to [[DeFi Safety]] (28-6-2021), [[Admin Key|Admin Control]] information could not be found.
=== DAO ===
=== Treasury ===
== Token ==
== Token ==
=== Launch ===
=== Launch ===
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=== How it works ===
=== How it works ===
=== Fees ===
=== Upgrades ===
=== Staking ===
=== Staking ===
=== Liquidity Mining ===
=== Liquidity Mining ===
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''"96.75% of the total supply of QUICK is reserved for the community! 95% distributed via [[liquidity mining]]."''
''"96.75% of the total supply of QUICK is reserved for the community! 95% distributed via [[liquidity mining]]."''


=== Layer Two ===
=== Scaling ===
* [https://twitter.com/QuickswapDEX/status/1314260508393037825?s=20 Launched] (13-10-2020) on [[Matic Network (MATIC)|Matic Network]]’s [[Layer 2]], an adapted version of [[Plasma]] with [[PoS]] based [[side chains]].
* [https://twitter.com/QuickswapDEX/status/1314260508393037825?s=20 Launched] (13-10-2020) on [[Matic Network (MATIC)|Matic Network]]’s [[Layer 2]], an adapted version of [[Plasma]] with [[PoS]] based [[side chains]].


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=== Interoperability ===
=== Interoperability ===
=== Other Details ===
=== Other Details ===
== Privacy Method ==
== Compliance ==
== Compliance ==
== Oracle Method ==
== Oracle Method ==
== Their Other Projects ==
== Their Other Projects ==
=== DEX ===
== Governance ==
=== Admin Keys ===
* [https://docs.defisafety.com/finished-reviews/quickswap-polygon#audits According] to [[DeFi Safety]] (28-6-2021), [[Admin Key|Admin Control]] information could not be found.
=== DAO ===
=== Treasury ===
== Upgrades ==
== Roadmap ==
== Roadmap ==
* Can be found [Insert link here].
* Can be found [Insert link here].
== Audits ==
* No [[bug bounty]] program offered ([https://docs.defisafety.com/finished-reviews/quickswap-polygon#audits 28-6-2021]).
*Scored a [https://defisafety.com/2021/06/28/quickswap-polygon/ 26%] on [[DeFi Safety]] ([https://t.me/c/1453353094/3617 28-6-2021]): ''"Yes its an accurate [[fork]] of [[Uniswap (UNI)|Uniswap]], but they stopped there. No docs. They put a link to the Uniswap docs which talks about UNI, not QUICK.  Take the effort to own your protocol."''
=== Bugs/Hacks ===
== Usage ==
== Usage ==



Revision as of 08:14, 31 October 2022

A permissionless DEX based on Polygon.

Basics

History

  • The QuickSwap exchange uses Uniswap code.

Audits & Exploits

  • No bug bounty program offered (28-6-2021).
  • Scored a 26% on DeFi Safety (28-6-2021): "Yes its an accurate fork of Uniswap, but they stopped there. No docs. They put a link to the Uniswap docs which talks about UNI, not QUICK.  Take the effort to own your protocol."

Bugs/Exploits

"Quickswap explained that the Market XYZ lending market was compromised for $220,000. “Quickswap Lend is closing,” the team’s Twitter account noted on Monday. “$220K was exploited in a flash loans attack due to a vulnerability with the Curve Oracle, which [Market XYZ] was using. Only the Market XYZ lending market was compromised. Quickswap’s contracts are unaffected.” Quickswap also added that Qi Dao provided the seed funds for the Market XYZ lending market and stressed that “no user funds were compromised.”

In regard to the Quickswap exploit, the blockchain audit and security firm Peckshield explained that the vulnerability was discovered on October 11, 2022. “It is a price manipulation issue,” Peckshield tweeted. “The Mimatic market uses Curvepooloracle for price feed, which is manipulated to borrow funds from the market,” the blockchain security analysts from Peckshield added."

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

  • From their blog (8-10-2020):

"A total of 3.25% of the token supply will be reserved for the creators and advisors, 5% will be distributed to UNI token holders for providing liquidity on QuickSwap, 1% will be distributed to MATIC stakers, and 0.75% will be utilized for a launch marketing campaign involving various communities. The remaining 90% of QUICK tokens will only be available through liquidity mining distribution."

Utility

Token Details

Stablecoin

Technology

How it works

Fees

Upgrades

Staking

Liquidity Mining

"96.75% of the total supply of QUICK is reserved for the community! 95% distributed via liquidity mining."

Scaling

Different Implementations

Interoperability

Other Details

Compliance

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

"Quickswap Exchange's 24 hour transaction count exceeded Uniswap today. $QUICK transactions: 198,878 $UNI transactions: 186,879"

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

"Contributing to the expansion of alleged exit scams like Iron Finance and Polywhale is QuickSwap, a Polygon-based DEX. QuickSwap promoted the two projects with massive liquidity reward programs, without displaying due diligence in picking their partners."

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

Partners