Quickswap is an automated liquidity protocol on the Ethereum blockchain that eliminates the need for trusted intermediaries by focusing on decentralization, censorship resistance, and security. It was founded by Sameep Singhania in response to high gas fees on other leading decentralized exchanges. The Quickswap platform allows users to become liquidity providers by depositing pairs of ERC-20 tokens in exchange for pool tokens. These tokens represent a share in the total reserves of the pool. The Quickswap ecosystem is comprised of liquidity providers, traders, and developers. The native token, $QUICK, incentivizes liquidity providers to contribute to the liquidity pools. Developers can utilize Quickswap's smart contracts to innovate with tokens, trading interfaces, and more. It plays a pivotal role in a variety of interactions in the wider Polygon ecosystem, powering DeFi dashboards, wallet integrations, DEX aggregators, and the development of new DeFi tools.
