QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX): Governance Proposal: Additional Extension of the 100% QUICK Burn 'Trial of Fire' 🔥

Governance Proposal: Additional Extension of the 100% QUICK Burn 'Trial of Fire' 🔥 In January 2025, a governance vote (https://snapshot.box/#/s:quickvote.eth/proposal/0x7c34970dd1f371661e65cec4828f787ab6cc8a7ae4ff83dc47dd392a52fcc446) was introduced to extend the ‘Trial of Fire’ another 3 months, continuing it from its inception in October 2024. The community voted ‘Yes’ for this vote, meaning that QuickSwap would continue to buy back and burn QUICK tokens using 100% of protocol revenue for another 3 months (making it a 6 month trial). These additional 3 months have almost passed (ending April 1, 2025), and have been helpful in compiling more important data, painting a clearer picture of the effects of the overall burn on the token. Over the entire 6 month ‘Trial of Fire’ period, 6.8% of the QuickSwap DEX’s share of the 10% protocol fee went to the QUICK buyback and burn. A recent governance proposal was passed to increase the DEX’s protocol fee from 10% to 15%, meaning future buybacks/burns would be significantly larger than before. This governance proposal is being put forth for the dragon community to decide if the ‘Trial of Fire’ should be extended for another 3 months to assess the effects of the new QUICK buyback and burn using 100% of the funds derived from the DEX’s protocol fee of 10% (after scaling it up considerably from 6.8% to 10%). With the metrics that are outlined below, if this vote were to be implemented, the QUICK token would become truly deflationary and it would make QuickSwap the first truly deflationary DEX in the world. More information, including key statistics and metrics of the previous buyback and burn, can be found below. Next Steps: To begin, the governance discussion on the official QuickSwap Reddit will run until Friday, April 4 at 3:00 PM UTC Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Tuesday, April 8 at 3:00 PM UTC Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members Big Picture: 6 Months Of Data From The ‘Trial Of Fire” As of March 26, 2025, here is an overall picture of the burn data since the beginning of the ‘Trial of Fire’ that started on October 4, 2025 (a 178 day period): *Note that this data is based on the old protocol fee structure of 6.8%: Total Supply: 1,000,000,000 QUICK Circulating Supply: 749,500,000 QUICK Burned Tokens to Date: 20,831,661.6321 QUICK Average Burn Per Day: 117,004.84 QUICK/day Executing a 100% buyback and burn under the new 10% protocol fee model would result in the following: Relative Increase in Burn Rate: 45.6% increase Projected Burn Per Day: ~170,379 QUICK/day Projected Monthly Burn: ~5,111,370 QUICK/month Annual Burn: ~62,183,335 QUICK/year Below is a table illustrating the above numbers in a side-by-side comparison: 🖼️ https://pbs.twimg.com/media/GndUzxcXgAAlcwH.png As you can see, executing the buyback and burn using a greater amount of funds from the new 10% protocol fee structure will significantly increase the amount of QUICK that is burned. Decision Time: Extend The ‘Trial Of Fire’ Again? All of the facts and data have been put on the table. Given the additional timeframe that the ‘Trial of Fire’ underwent over the last 3 months, the overall effects on the token are much more evident. More QUICK is being burned day by day, and the token is becoming far more deflationary as a result. This directly creates higher scarcity, adding a new and exciting narrative to the QUICK token and its ecosystem. The QuickSwap community must discuss and vote on whether another 3 month trial should be put into effect or if the protocol should return to distributing revenue in the form of staking rewards for QUICK stakers in the Dragon’s Lair. Join the Discussion As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count. Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!