This proposal seeks to remove QuickSwap from the Astar DApp Staking program due to their current focus on the Polygon network and their established presence outside of the Astar ecosystem. QuickSwap’s ongoing projects and strategy do not align with Astar’s growth goals, and as an Polygon OG DEX, they do not need support through Astar’s DApp Staking initiative.
It doesn’t seem necessary for them to remain in the DApp Staking program since they are already well-established on Polygon and have generated substantial soft revenue. Furthermore, they do not contribute meaningfully to the Astar ecosystem, aside from operating as a well-established DEX that already brings them significant profits.
Great to see your actions @WakeUp
I believe you made a typo in your proposal and topic: QuickSwap, not Quickstep.
I believe QuickSwap has been marketing their Astar zkEVM integration to move to Soneium after the announcement of the transition?
I agree that they are not marketing ASTR at all in their marketing or highlight Astar dApp Staking feature.
I agree but I don’t think dApp Staking should only be seen to create revenue for the project but could also be used to incentivize ASTR related LP pools for example. If Astar Foundation doesn’t has a grant to build and incentivize LP pools, dApp Staking can also be a solution eventhough if the project is funded well or not.
It might be good to first talk with QuickSwap about what they will do with the rewards instead of thinking that they are farming rewards for their benefit.
As you can see onchain: Subscan | Astar Account Details, they haven’t claimed or sold any rewards so even though they don’t bring value they are also not selling.
Maybe we should find a way to talk with them first and educate them more about dApp Staking and how it works?
Thank you for the suggestion, but if QuickSwap were genuinely interested in supporting LP creation, they could focus on doing so on Astar zkEVM. dApp Staking, however, is meant for projects fully committed to Astar and Soneium, not just those with a single product offering.
While they haven’t sold their rewards yet, it’s likely they are simply waiting for ASTR’s value to increase before taking profits. This suggests their focus might not align with actively contributing to the ecosystem but rather with maximizing their own returns.
Additionally, I left a message on their thread, and if they truly cared about the ecosystem, they would have responded immediately. Their lack of engagement is further proof that they are not actively participating in or contributing to Astar’s growth.
For dApp Staking to thrive, it’s crucial to prioritize projects deeply invested in Astar’s & Soneium success.
Quickswap already has a working economic model being Polygon’s DEX n1. I don’t think the team is just waiting for the price to grow to sell them also because they could use them for liquidity or other campaigns at the launch of Soneium.
A direct response from the team would be essential to understand their intentions.
Thank you very much for the proposal. If I understand correctly, Quickswap is quite a large DEX, including the verification of Soneium which is in the testnet phase. If possible, waiting for the team to help update various aspects of information might help us make better decisions together. =)