QuickSwap has decided to do something new to celebrate its first birthday. It will sponsor two of the new Chainlink Price Feeds. This sponsorship is basically for QUICK/USD and QUICK/ ETH, which will eventually help enable DeFi applications to add functionality to the native tokens.
This integration of QuickSwap and Chainlink will equip QUICK with the additional infrastructure necessary for enabling the token to further integrate on Polygon’s fast-growing DeFi network. QuickSwap is planning this integration with Chainlink to be successful in the long term. Chainlink is a leading decentralized blockchain oracle network. It can effectively aid $QUICK by providing additional utility and better opportunities for QUICK’s holders.
In the beginning, QuickSwap will sponsor the QUICK/ USD, and QUICK/ ETH Price feeds on the Polygon platform. With the launch of these feeds, it will enable other DeFi projects. Other DeFi projects can then function to provide additional support to QUICK, the native governance and utility token of QuickSwap. This will be supported by Chainlink’s trusted, time-tested, and decentralized oracle infrastructure, with essential high-quality data. $QUICK’s adoption throughout DeFi will be a huge success with the launch of the new price feeds in collaboration with Chainlink. Both QuickSwap and Chainlink are looking forward to long-term harmony and integrating on other decentralized services and contracts in the future.
QUICK plays a substantial role in keeping the community’s needs at the top and advancing the platform as a whole. It is like a coordination mechanism that has been able to secure QuickSwap’s governance system efficiently. Chainlink will provide better decentralized infrastructure to improve user experience across the platform on QUICK, across Polygon’s DeFi ecosystem.
Chainlink networks are highly reliable and time-tested. Chainlink Price Feeds will extract and source data from many different exchanges and data aggregators, as per weightage to volume and trading. It will help accurately generate the majority of global market prices, being resistant to API downtime or data manipulation attacks.
Chainlink has been known for its robust framework with on-chain monitoring tools that allow users to independently verify their historical and real-time performance. Chainlink has an impressive record of reliability and strong infrastructure. Both QuickSwap and Chainlink are looking forward to this collaboration, and it is expected to be beneficial for QUICK. QuickSwap is excited to sponsor the launch of the two price reference feeds.