Earn 700% Farming on Layer 2 by Defi Dad

With gas prices on Ethereum still above 100 Gwei, I’ve been looking for L2 farming opportunities this past week to avoid high transaction costs. Aside from the Loopring L2 AMM liquidity mining program we covered weeks ago, it’s been a challenge finding an opportunity with an app that has a reputable team and built on a secure, decentralized platform. Like all DeFi apps, there’s always risk to consider but my search did lead me to QuickSwap, a newer AMM built on the Layer 2 solution Matic. QuickSwap is a fork of the most popular AMM in DeFi today, Uniswap, but what’s remarkable about it is that it’s built on Layer 2 with the Matic Network (now rebranded as Polygon). QuickSwap has a very familiar user interface for swapping tokens at market rates dictated by liquidity pools and arbitrageurs. Instead of paying high transaction fees, you can pay pennies per transaction on Matic, but still enjoy the greater decentralization and security benefits of Ethereum.

The most interesting development since mid-January 2021 is that QuickSwap has surged from barely $500k in liquidity to nearly $10.8M, while daily trade volume has recently hit an all-time high of $6.6M on February 16th. I would bet its growth has correlated with the rising price of gas on Ethereum L1.

Source: info.quickswap.exchange/home

If you’ve participated in Uniswap or SushiSwap liquidity mining, you know the drill already! QuickSwap is offering QUICK governance token rewards in exchange for providing liquidity to QuickSwap. Let’s hop right into how this all works since it will require most to migrate funds from the Ethereum Mainnet (L1) to

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