QuickSwap is a permissionless decentralized exchange (DEX) based on Ethereum, powered by Matic Networks Layer 2 scalability infrastructure. By utilizing Layer 2 for transactions,
QuickSwap has integrated with Gamma to enable a more efficient liquidity management and robust LP mining experience for DeFi users. Thanks to Gamma, users are now empowered with advanced liquidity management capabilities while experiencing QuickSwap’s V3 pools and farms.
Gamma is a leading Web3 provider of liquidity management solutions, allowing users to more efficiently and effortlessly manage their assets and take advantage of improved and advanced yield farming opportunities. Since Gamma’s implementation, QuickSwap has noticed a significant increase in V3 liquidity deposits.
Gamma is a protocol designed for non-custodial, automated, and active management of liquidity. Gamma’s key feature is the Vault, a non-custodial position manager contract that can empower a liquidity pool with Strategies. These vaults create tokens for the user that can be used for internal and external Incentive Programs, such as Gamma Farms on QuickSwap.
The protocol features management functions such as rebalancing, position setting, and fee processing to enable users to manage their funds in QuickSwap’s liquidity pools without sacrificing asset custody.
GAMMA is the native token of the Gamma protocol. Users can stake GAMMA to earn fees, which is a portion of generated fees from all Gamma pools – the percentage of fees varies from pool to pool.
With Gamma, QuickSwap users no longer have to manually set and reset price ranges, claim compounded fees, or monitor the risk of impermanent loss themselves. Instead, all of this will now be handled by automation within their V3 pools, making the entire process less time-consuming while minimizing some of the scary unknowns.
Gamma automatically re-balances QuickSwap V3 users’ liquidity to keep it in range and auto-compounds generated swap fees. As a result, it simplifies the process for users who want to maximize potential returns through their own self-chosen strategies.
Gamma’s smart and highly automated system allows QuickSwap farmers to passively yet effectively manage their V3 liquidity. This frees up users’ time for the optimization of their asset portfolios. In addition, Gamma maximizes users’ returns by automatically rebalancing their liquidity to keep it in range and auto-compounding swap fees. And all of these are coupled with the application’s easy-to-use interface, making it extremely attractive to DeFi users.
Furthermore, QuickSwap supports this new integration by providing V3 with $600,000 towards the V3 liquidity to provide additional momentum for growth through 2023.
In summary, the integration will help QuickSwap achieve a flywheel effect, enabling continued growth in user base, rewards, and liquidity.