By Ollie H - Crypto Retailer - 06-01-2022
A decentralised exchange on the Polygon (MATIC) Network, QuickSwap (QUICK), puts plans in motion to provide more significant staking opportunities for investors. QuickSwap is known for its liquidity pool that is built similarly to that of Uniswap. Uniswap's pool structure was made so that users are able to stake their crypto market investments to receive earnings from investors who trade crypto on the platform. Recently, QuickSwap has partnered with Orbs to improve the staking experience on the network. Reportedly, QuickSwap's Dragon Syrup will be supporting Orbs as well as helping the company grow in the Decentralised Finance (DeFi) industry.
QuickSwap has officially released Orb pools with Dragon Syrup's reward pools. As stated by QuickSwap, users can stake their "sweet" dQUICK in the "Dragon's lair" pools. However, by adding Orb pools, users will be able to stake ORBS for pool tokens. Investors using the ORB pools will share transaction fees from the collection of other investors in the pools to utilise the liquidity pool tokens to obtain QUICK. According to QuickSwap, the exchange currently has a couple of ORBS pools that are active and ready for users. The current pools available are USDC-ORBS, with a liquidity of $969,000, and ORBS-QUICK, with liquidity of $62,000.
QuickSwap is a decentralised exchange with a native cryptocurrency QUICK that helps cheapen the high gas fees on the Ethereum (ETH) network. Users can buy QUICK crypto tokens for governance across the platform. Also, investors can buy QuickSwap QUICK to stake it in the platform's native liquidity pools.