Prepared for Liftoff – QuickSwap Launches Limit Orders; Attracts New Users
Do you hear the dragon roar? QuickSwap – Polygon’s biggest DEX – is a DeFi beast in the making. In the last month, QuickSwap has announced several big exchange listings for its native utility token $QUICK (with Binance and Coinbase Pro among them), launched a community governance vote, and completed a successful IDO with the […]
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EasyFi Network, the universal layer 2 DeFi lending protocol known for scalability, composability and adoption has announced the launch of its high yield farming program. Launched in association with QuickSwap, this one-of-a-kind LP farming and staking program went live on August 4, 2021. The collaboration between EasyFi Network and QuickSwap has enabled the introduction of two programs where EZ token holders can create liquidity pools with USDC and QUICK tokens on Polygon Network’s QuickSwap Exchange. They can then use the LP tokens to farm QUICK tokens. Meanwhile, the partnership also....
On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due to mistakes, flash loans, faulty smart contracts, and unchecked lines of code. On October 24, Quickswap explained that the Market XYZ lending market was compromised for $220,000. “Quickswap Lend is closing,” the team’s Twitter account....
On 17th March, Coinbase made the announcement that they were introducing stop orders to their Coinbase Exchange service, via a post on the Coinbase blog. Stop Orders Limit Losses. Investopedia defines a stop order as “an order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit.” In the context of Bitcoin, “stop orders allow customers to buy or sell Bitcoin at a specified price. This order type helps traders protect profits,....
Bitcoin exchange Kraken recently announced that they will be reducing transaction fees incurred in trades, as they are moving towards a "maker taker" fee model. This means that market makers will be able to provide the liquidity to "takers" or traders. The company shared its revised fees in its latest blog post and said that this new model will reward market makers for providing liquidity to the bitcoin exchange market. The maker fee applies when a user adds liquidity to the Kraken order book by placing a limit buy below market price or a limit sell above market price. The maker fee is....
The limit order functionality is a major tool moving the segment forward, narrowing the gap between options offered by CEXs and DEXs. As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential....