- QuickSwap’s groundbreaking DAO proposal seeks a strategic collaboration between Polygon and Cosmos ecosystems.
- The proposed alliance centers on shared objectives between QuickSwap’s QuickPerps and Kinetix’s Perpetual Exchange on Cosmos’ Kava app-chain.
Unlocking Synergies in Perpetual Contracts
In a remarkable move set to reshape the Web3 arena, QuickSwap, the flagship DeFi platform of the Polygon ecosystem, has tabled a compelling proposal via its DAO. This initiative is angled at fostering a strategic alliance with the Cosmos ecosystem, particularly with Kinetix, a rising DeFi star that launched on Kava—Cosmos’ standout app-chain known for its Inter-Blockchain Communication protocol.
The core essence of QuickSwap DAO’s proposition revolves around mutual interests and strategic goals between QuickSwap’s newly introduced perpetual exchange, known as QuickPerps, and Kinetix’s Perpetual Exchange. The proposal is bullish on Kinetix’s nascent stage, recommending an injection of a staggering $300-$500 million liquidity shortly, with a vision to continually amplify the Total Value Locked (TVL) in the subsequent phases.
Tracing the Legacies of QuickSwap and Kava
With its recent high-profile partnership with Tether, Kava has climbed the ranks, becoming the unrivaled hub for minting Cosmos-native USDt. Boasting over $100 million in native USDt minting, Kava is cementing its stature as the go-to chain for Cosmos-centric DeFi modules. Riding on Kava’s success wave, Kinetix has positioned itself as the epitome of next-gen DeFi on the app-chain.
In contrast, QuickSwap’s genesis in the Web3 domain dates back to its early days within the Polygon landscape. Its inaugural platform, the QuickSwap DEX, unveiled in 2020, set a precedent by championing Polygon’s trailblazing scalability solutions. Notably, this included Polygon‘s original PoS chain, leveraging the Tendermint consensus – a brainchild of the Cosmos ecosystem aficionados.
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QuickSwap’s pedigree, steeped in championing cutting-edge technologies, is evident from its past affiliations with avant-garde tech ecosystems like Dogechain and the recently unveiled Polygon zkEVM.
The Pathway to a Joint Polygon-Cosmos Epoch
The current discourse involving the core think-tanks of QuickSwap, Kinetix, and Kava hints at an emerging grand alliance between Polygon and Cosmos. With foundational tenets and technical frameworks echoing mutual resonances, and having been incubated by a shared pool of visionaries, the integration seems inevitable. The crux lies in aligning their futuristic visions and goals to initiate their journey towards mutualism. Such an amalgamation of these titans could set unprecedented milestones, potentially steering the Web3 space towards uncharted territories.
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