Swing Integrates QuickSwap to Grow Cross-Chain Liquidity for Web3 Developers
Swing has added QuickSwap to its growing list of supported DEXs, giving cross-chain developers access to Polygon liquidity on demand.
Swing is on a mission to drive down the difficulty of creating cross-chain applications that draw liquidity from as many networks, DEXs, and aggregators as possible. To support this goal, we’re pleased to announce that QuickSwap has become the latest DEX to be added to this list.
QuickSwap’s entry into the Swing family of liquidity providers is a major boost for cross-chain dApps, whose users will be able to draw deep liquidity from multiple sources, including Polygon. Our flagship products, the Swing Widget and supporting SDK, provide a low-code solution for devs creating cross-chain products. The integration of QuickSwap will provide access to an additional $150M of liquidity and greater exposure to the Polygon ecosystem.
QuickSwap Joins the Party
QuickSwap was the first DEX on Polygon, back when the chain first emerged as an Ethereum scaling solution three years ago. Not only did it provide one of the first DeFi primitives on Polygon, but the DEX has grown to become a powerhouse supplying liquidity for the other applications that have since prospered on Polygon. From Aavegotchi to stablecoins and staking tokens, if it’s on Polygon, odds are it flows through QuickSwap.
As a layer 2 DEX and Automated Market Maker (AMM), QuickSwap provides a user-friendly interface for swapping between tokens while providing incentives to liquidity providers. The DEX pays out almost $200,000 in rewards to LPs every week, with an average daily volume of around $30M.
With QuickSwap now integrated into Swing’s liquidity aggregation smart contracts, however, there’ll be a new means of interacting with its DEX. Instead, Swing will bring all that liquidity to wherever it’s needed most, be it Polygon dApps, those on other EVM chains, or even non-EVM chains.
That’s the beauty of Swing’s cross-chain liquidity solution: it isn’t fussy about where the liquidity comes from, so long as it can be summoned on cue to support fast and cost-effective swaps.
More Liquidity, More Possibilities
The addition of QuickSwap to the dozens of DEXs and chains supported by Swing is great news. Not only will it provide greater liquidity for dApps connecting to Swing’s SDK and Widget, but it will increase transaction volume on QuickSwap. As a result, LPs can expect to earn greater rewards, while users of the applications created using Swing’s cross-chain technology will benefit from better pricing and lower slippage.
Drawing upon the liquidity sources connected to Swing’s SDK, and harnessing the cross-chain capability provided by the Swing Widget, developers are free to create the applications they’ve always dreamed up.
Rather than getting bogged down in running nodes and debugging code, they can devote themselves to UX, utility, user flow, and community-building, safe in the knowledge that Swing is handling the liquidity and cross-chain data provision in the background.
QuickSwap is a worthy addition to the list of liquidity sources Swing proudly supports. Stay tuned as there are many more to come.
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