New high APY% liquidity pools and QuickSwap’s partnership with CelsiusX back $QUICK’s 50% surge to $250.
Partnering with QuickSwap also allows for the creation of wrapped versions of popular tokens like Cardano’s ADA and Dogecoin , which do not currently have a major presence on Polygon, along with well-funded liquidity pools for these assets so that users, bots, arbitrageurs and institutions have easy access to that token.
This also provides DOGE and ADA holders with added ways to use their assets in DeFi to earn a yield instead of simply holding their DOGE or staking their ADA.A second factor helping to bolster the price and momentum of QUICK has been the launch of multiple new liquidity and ‘syrup’ pools. This could be a bullish sign, especially when considering that a handful of projects launched and integrated bridges to the Polygon network in January.
Aside from the addition of support for DeFi protocols like Atlantis Loans or the layer-one blockchain solution Orbs , QuickSwap has seen a flurry of added support for nonfungible tokens projects, which haveSome of the newly supported NFT projects on QuickSwap include the UniArts network, Dogira, OneRare and Blockchain Monsters Hunt.New staking options for stablecoin holders
A third factor helping to attract users and liquidity to the QuickSwap DEX is attractive yields for liquidity providers of stablecoin-stablecoin pairs.⚖️QuickSwap offers several stable-stable pools where LPs can earn over 14%
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