Quickswap Votes to Rebrand as Hydra V2 on Polygon zkEVM, Unlock New Features

IconCryptoNewsTerminal Staff27 May, 2024

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Quickswap Votes to Rebrand as Hydra V2 on Polygon zkEVM, Unlock New Features

Quickswap Community Votes for V2 Rebrand The QuickSwap community is currently engaged in a governance vote to decide on rebranding the Polygon(MATIC)-based DEX to Hydra V2 on Polygon zkEVM. The proposed rebrand aims to align with the launch of V2, introducing new features, and utilizing QUICK as collateral. V2 Updates and QUICKSwap Benefits The V2 update will introduce significant enhancements to the QuickSwap platform, including: Improvements to infrastructure and security Enhanced user experience and interface * Integration of Polygon zkEVM Additionally, the rebrand to Hydra V2 will emphasize the role of QUICK in the ecosystem, enabling it to be used as collateral and unlocking new possibilities for QUICK holders. Governance Vote Details The governance vote is currently live and will conclude at 8 PM (KST) on the 31st. The community has overwhelmingly voted in favor of the rebrand, with 100% of the votes cast supporting the proposal. Impact on QuickSwap Ecosystem The rebranding and V2 update are expected to have a positive impact on the Quickswap ecosystem, further solidifying its position as a leading DEX on Polygon. The community's enthusiastic support for the proposal highlights their belief in the future of the platform.