QuickSwap and Orbs Team Up for Greater Staking Opportunities

UTC by Julia Sakovich · 2 min read
QuickSwap and Orbs Team Up for Greater Staking Opportunities
Photo: Shutterstock

This special launch on QuickSwap’s Dragon Syrup is expected to support and strengthen Orbs position in the DeFi space.

QuickSwap is a leading Automated Market Maker that runs on the Polygon Network. Similar in structure to Uniswap with its liquidity pool model that allows users to stake their holdings into pools in order to earn transaction fees generated from others who are exchanging their tokens and conducting trading activities. QuickSwap currently has a few active ORBS pools, including:

  • USDC-ORBS, with liquidity of ~$969k
  • ORBS-QUICK, with liquidity of ~$62k

QuickSwap has now launched a Dragon’s Syrup Pool for Orbs. This pool allows users to stake their ORBS in return for Liquidity Pool tokens. And a share of transaction fees of other users inside those pools (0.25%) and these LP tokens can staken inside the Quick liquidity mining pools in exchange for QuickSwap’s native QUICK token. From here, users can stake their QUICK stokens inside the Dragon’s Lair in exchange for dQUICK. Once you have dQuick, you are entitled to receive a share of all the transaction fees generated on QuickSwap. dQuick’s value increases over time the more swap fees are generated inside the platform.

This marks the latest in a long line of collaborations and integrations for the Orbs project. Most notable across the key Layer 1 chains, including the bridge with ORBS into Polygon and now the integration into QuickSwap and its pools. QuickSwap is a big deal for Orbs, as the exchange contains more than $879 million in Total Value Locked and sees over $59 million in 24-hour trading volumes.

What’s Dragon Syrup?

Dragon Syrup is QuickSwap’s program that enables QUICK token holders to stake their tokens, and receive $dQUICK, which are eventually burnt upon the $dQuick redeemed back as QUICK tokens. The longer the user stakes their QUICK, the more $dQUICK they gain in return. This gives the user the opportunity to gain a share of the generated trading fees and of course, the opportunity, in addition, to gain rewards through the staking of ORBS inside the Orbs pools in exchange for LP.

What Does Orbs Have to Say about Their Latest Integration?

This special launch on QuickSwap’s Dragon Syrup is expected to support and strengthen Orbs position in the DeFi space, as well as enhance exposure for the Orbs project to the Polygon ecosystem.

Altcoin News, Blockchain News, Cryptocurrency news, News
Julia Sakovich
Editor-in-Chief Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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