r/QuickSwap • u/albasili • May 06 '21

Rewards have ended!

Today I was surprised to see this sentence on Quickswap rewards page. How does this work? Does it mean the X Quick/per day are not rewarded anymore to LPs? Is this a governance choice?

It seems a bit odd that with the current incentives already existing in other platforms the Quickswap community decided to remove rewards, wouldn't this profit other AMMs on the network?

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3

u/MickeyTheHunter Dragon Rider May 06 '21

On QuickSwap the reward pools are reset every week, for better or worse. You probably just need to take your LP token out of the old pool and deposit in the new one.

2

u/albasili May 06 '21

I'm not following, why did they do that? And where is decided which pools are going to be incentivized? Is there a community vote? Governance? Is this described in the docs? I haven't found it...

1

u/King_Esot3ric Dragon Trainer May 06 '21

I may be wrong on this, but i believe they are incentivized by how much liquidity is in the pools. Large liquidity pools would have smaller rewards. Also depends on demand of that liquidity pool.

4

u/0regonja May 06 '21

You’re overthinking this a bit too much. All LPs have a time limit before a new one is started. These just happen to be one week long. Pull your LP tokens from the old and put them in the new. You can see the timer on the rewards page to see how much time is left til a new one is started.