Magazine : 
PARSIQ and QuickSwap Collaborate to Streamline Liquidity Pool Workflows
PARSIQ, known for its comprehensive Web3 data technology solutions, has entered into a collaboration with Polygon’s leading decentralised cryptocurrency exchange QuickSwap. The goal is to streamline QuickSwap’s liquidity pool fee management workflows and optimise productivity by integrating PARSIQ’s Reactive Smart Contracts (RSCs).
The collaboration is a direct response to a major challenge that QuickSwap has been facing. The DeFi exchange has a vast array of liquidity pools spread across multiple blockchains. Depending on the asset positions, each pool generates fees in various tokens. Managing these fees and converting them into QUICK tokens for staking rewards is currently done manually, which is a very time-consuming and demanding process. Reactive Smart Contracts can provide the solution that QuickSwap needs by transforming the liquidity pool fee system into a fully automated process that enables end-to-end enterprise-level operational efficiency.
“As we integrate with QuickSwap, we’re not just simplifying operations. We’re redefining what’s possible in DeFi,” said Daniil Romazanov, PARSIQ’s chief technology officer, “This partnership showcases the true power of Reactive Smart Contracts to streamline complex, cross-chain workflows, bringing unparalleled efficiency and autonomy to decentralised finance.”
By leveraging Reactive’s interoperable execution layer, the QuickSwap team no longer needs to bridge assets manually. Once a transaction to claim fees is initiated, Reactive Smart Contracts can automatically handle the entire process, from fee swapping into USDC and bridging USDC across different chains to USDC conversion into QUICK and allocating QUICK for burns and staking rewards. The integration ensures a seamless cross-chain operation delivered transparently and securely.
“At QuickSwap, we’re always exploring solutions that streamline business processes,” Alexi Atlas, QuickSwap’s head of business development, added, “Automating liquidity pool workflows with Reactive Smart Contracts will significantly reduce manual tasks, allowing the DEX to focus on developing new features and enhancing the trading experience for users.”
The collaboration represents a significant step forward for both firms. As the DeFi space continues to evolve, the ability to automate critical functions such as liquidity pool fee management will become increasingly important. By joining forces, PARSIQ and QuickSwap are demonstrating how decentralised solutions can enhance operational efficiency while maintaining the security and transparency that DeFi users expect.
To learn more about PARSIQ, please visit the following link: https://parsiq.net/
To learn more about Reactive Network, please visit: https://reactive.network/
Read More News :
.jpg "Renewing Smiles, Restoring Confidence")
