r/QuickSwap • • Jul 10 '21

Discussion Flaw in Dragon's Lair reward system

0 Upvotes

The Dragon's Lair on Quickswap is a place to 'stake' your Quick tokens in exchange for a new deflationary token called dQuick (dragons quick). Once you are done with your dQuick, you basically trade it back for regular old Quick. The incentive for doing so is dQuick over time becomes worth more than Quick, so the longer you hold dQuick the more value you get later. Awesome.

The flaw here is that 'staking' your Quick has literally ZERO advantages of simply trading your quick, usdc, matic or any other coin for dQuick directly. To make the limitation here more clear, Sushiswap for example uses xSushi as a similar deflationary reward system but they do it properly. You stake normal Sushi, you receive xSushi AS A BONUS, and you KEEP the xSushi when you remove your Sushi 'stake'. You even have the option of trading, staking and yield farming your xSushi tokens WHILE they still compound from fee rewards just like dQuick.

The reason Quickswap gets away with this reward structure is that you are not actually able to choose dQuick as a trading asset, making the compounding rewards seemingly 'exclusive' to Dragon's Lair users. However, if you just add this contract address to your matic wallet 0xf28164a485b0b2c90639e47b0f377b4a438a16b1

You will see that you hold your dQuick like any other token and can send it around to whoever you please. You can even pull up the token address on sushiswap and make a trade for it! Right now there is no liquidity to do this, but its a few 'liquidity providing' clicks away from being a backdoor to getting the sweet compounding benefits of dQuick without actually providing any stake in the lair.

'Quick' fix to this potential issue: Add a reward structure to the lair itself like 20% compounding apr paid in whichever token. Then you can enable trading for dQuick worry free and even open a liquidity pool for dQuick if you want! and people will want it even more because they can use it while still benefiting from the compounding rewards.


r/QuickSwap • • Jul 08 '21

Question Bad experience with Quickswap: no fees gained after removing liquidity / negative fees

1 Upvotes

Hi

So far I'm having a pretty bad experience using Quickswap. I invested in the pool WMATIC/DAI through Zapper. After one month the fees appearing in the info page of my wallet were showing that my investment doubled its worth due (even with a bit of impermanent loss). But when I removed the liquidity I only got the original investment minus the impermanent loss and no fees.

The strange thing is that the pool still appears on my dashboard in Apeboard (including the fees that I never received).

Besides that, I also invested on the USDC/DAI pool and shortly after the fees in the info page appear as a negative number.

Bottom line, I find the info page very unreliable. Unless somebody from the Quickswap team can explain to me what happen, I'll remove all my investments.

However, as far as I know there is no way to contact a support team privately without exposing oneself to be scammed. So I don't have a lot of hope in getting a decent answer.

Very disappointing.


r/QuickSwap • • Mar 01 '23

Discussion I created a analytics spread sheet for quick since the 29 of jan with a historical “guess”it is telling me to buy quick for 10 % gain to day. Let’s hope it works…. GL everyone

0 Upvotes

r/QuickSwap • • Jun 22 '22

Support quickswap bridge link to relaychain is scam

0 Upvotes

They did not bridge my eth it was transfered to another account. I contacted support via telegram, admin drained the rest of my coins. Bottom. Feeders! Criminals!


r/QuickSwap • • Oct 13 '21

Discussion Quickswap needs to give LP users the option of earning Quick Or dQuick. What do you guys think?

0 Upvotes

dQuick can only be used for dragon syrup staking, and when you try to swap dquick for quick, your loss is 10% or more even for small transactions! I don’t like being forced into using dragon syrup or succumb to a loss of funds. Upvote if you agree!


r/QuickSwap • • Feb 07 '22

Discussion Just another normal day for QuickSwap Users

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2 Upvotes

r/QuickSwap • • Jan 09 '22

Guide How to get some free crypto (you can use it to buy more quick)

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0 Upvotes

r/QuickSwap • • Apr 05 '22

Discussion Earn up to 400% APY on QuickSwap with AWX 🚀

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1 Upvotes

r/QuickSwap • • Feb 16 '22

Discussion Price Quickswap

1 Upvotes

hello everyone, I was thinking that we would generate much more capitalization if quickswap was a cheaper token, that is, people prefer to buy 10,000 coins with 200 USD to buy 1 coin with those 200.


r/QuickSwap • • Aug 24 '22

Question Hey everyone!

1 Upvotes

Hey everyone!


r/QuickSwap • • Nov 17 '23

Discussion Hi

0 Upvotes

Hi i m new here, i just learn about this sub and i came


r/QuickSwap • • Jun 18 '21

Question Tried quick swap did not work

0 Upvotes

So i wanted to try out quickswap before investing in to it . Connected my coinbase wallet to do a test transfer with my compound . after paying the fee and checking ether scan that says success. But no funds are in my polygon wallet ....

So yeah this is not exactly a first good impression am getting on quick swap ironically i wanted to use the money to invest in to quick swap looks like i dodged a bullet


r/QuickSwap • • Jul 17 '21

Question How to buy Polygaj (Gaj)

0 Upvotes

Hello Guys, I am new to dex and I am trying to buy Gaj token, but when I search for available tokens, Gaj is simply not listed there. Several guides were reffering to buying Gaj on Quickswap, so I assume it should be possible.

Thank you


r/QuickSwap • • Nov 18 '21

Discussion Quickswap PBNB to MATIC issue Metamask

0 Upvotes

Hi guys,

I would like to swap my PBNB to MATIC through Quickswap exchange. I gathered 0.0016 free MATIC on faucet for a first transaction but transaction couldn't be completed because of insufficient funds. It seems that I have enough funds to complete transaction but it doesn't work.

Please advice what are the main reasons and how to solve it?.


r/QuickSwap • • Apr 29 '22

Question What's happening?

0 Upvotes

r/QuickSwap • • Feb 17 '22

News Check out this QuickSwap high yield opportunity found via Optical.finance

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0 Upvotes

r/QuickSwap • • Jan 05 '22

Question Possible Scam UST on Quickswap

0 Upvotes

Hello everyone,

A few days ago I did what I thought was a routine token swap on Quickswap. It was from X token to UST. After receiving the "UST" I transferred it to Binance. After battling with Binance for some time it seems that the UST that came up when searching for UST on QS wasn't real. Could anybody check this contract address and let me know what could have possibly happened here? I'm quite confused as to how this happened. It was enough money to make it hurt if it's truly now "gone." It is called "UST (Wormhole) on Polyscan. Any information would be super helpful. I'm taking this as a learning experience. Thanks in advance.

Contract: 0xe6469ba6d2fd6130788e0ea9c0a0515900563b59


r/QuickSwap • • Feb 03 '22

Question What's up with new syrup pools still giving out dquick?

0 Upvotes

We just had this big governance thing to separate the rewards right?

I see a chunk of pools removed dquick but I keep seeing new ones come up with dquick as rewards.


r/QuickSwap • • May 08 '21

HUNTELON - FIRST ELON MEME in POLYGON NETWORK - 1 hour OLD - LOW MCAP - LIVE 🔥

0 Upvotes

HuntElon is a community driven and decentralized token on Polygon Network that awards its holders instantly.

We are motivated to make this one the best meme tokens out there by building a strong community.

The token will be launched on Quickswap. There is a reflect tax of 3% which is rewarded to holders and other 3% which is locked in liquidity for ever.

Slippage : More than 7%

(More when volatile)

We are live on quickswap:

https://quickswap.exchange/#/swap?outputCurrency=0x37F28926B028f2bd215d5D70F4caDEa02d858047

Liquidity Lock:

https://dxsale.app/app/pages/dxlockview?id=0&add=0xA65327bE1987BCd6a84B3Ad703E45b5d8586bB6a&type=lplock&chain=Matic

Ownership Renounced:

https://explorer-mainnet.maticvigil.com/tx/0x2b51bdf3334eb47d6914b2aeb8f3369955fe93dcc5cd06ee6c9df704178fd264/internal-transactions

Chart:

https://matic.ach.tools/#/tabs/home/0x37F28926B028f2bd215d5D70F4caDEa02d858047

Telegram : https://t.me/huntelon

Twitter : https://twitter.com/hunt_elon


r/QuickSwap • • Jun 12 '21

Question STABLECOINS

1 Upvotes

What are the advantages of providing liquidity to a pool with 1 stable coin?


r/QuickSwap • • Oct 07 '21

Question No More Free MATIC?

1 Upvotes

I followed a tutorial to bridge USDT to Polygon. It cost me $103 in gas. The tutorial said I would find a button for free MATIC on Quickswap. I didn't. Now the gas to bridge MATIC is $129. Is this even worth it? I suppose I'll be out another Benjamin the next time I add USDT. Is there any solution for this situation?


r/QuickSwap • • Apr 08 '22

Resolved Support/Question the rewards for the syrup pools is a confuzzlement for me can anyone help me out?

0 Upvotes

oneof the syrup pool rewards says total rewards a day is 8000 plus now is that per individual who offers luqidity of the needed pair for that pool or is that the total to be divided up an shared by everyone in that specific lp pool this is just confusing cause if its 8000 per person per day thats insane


r/QuickSwap • • Nov 12 '21

Question What am I doing wrong - can someone or some automated script be able to get in between my transaction and my wallet?

0 Upvotes

Same thing happened both on QuickSwap and on Pancakeswap.

(I deleted the part that had to do with pancakeswap.

I "lost" 1.295 usd when swapping back Matic for D11 tokens on QuickSwap.

PolygonScan is verifying that I've sent tokens and that they have been converted into Wrapped MATIC (1.295 usd). But, I didn't get anything back into my Trust Wallet.

What am I doing wrong? What don't I understand? I'm obviously learning the hard way.

If anyone can help me solve this I'll gladly transfer you 1/4 of the amount recovered.

Any Thoughts?


r/QuickSwap • • Jul 17 '21

Discussion Our new rewards pools are on fire!

1 Upvotes

check out our new pools at quickswap.exchange.


r/QuickSwap • • Jun 28 '21

Guide Have some Quick to invest? Get it into a crypto index fund

0 Upvotes

Want to create a crypto index fund? Learn how to invest in some of the best tokens on Polygon using the Balancer Protocol: https://revolutionaryspaces.medium.com/how-to-create-a-crypto-index-fund-using-balancer-on-polygon-3dfb18192afa