Try Quests to earn cryptoQUICKSWAP-V3 OVERVIEW
QuickSwap is a decentralized exchange (DEX) launched in February 2021. It quickly gained popularity within the decentralized finance (DeFi) ecosystem. Notably, QuickSwap is a fork of Uniswap, the pioneering DEX, but it differentiates itself by launching on the Polygon network, a scaling solution for Ethereum. Leveraging Polygon, QuickSwap enjoys faster transaction speeds and lower fees compared to Ethereum. This makes it an attractive option for DeFi users who want to avoid high gas fees. Today, QuickSwap plays a crucial role in the Polygon ecosystem by facilitating liquidity for the network. Quickswap-v3 introduces concentrated liquidity, allowing liquidity providers (LPs) to deposit liquidity pairs within custom price ranges. LPs can now earn fees when assets trade within their specified ranges. If the range is breached, LPs have the option to wait or reset. Compared to V2, QuickSwap V3 enables LPs to provide liquidity with less capital, while maintaining fee-sharing benefits. The transition highlights improved control, capital efficiency, and a more tailored trading experience for LPs.