Disclaimer : We only give good knowledge regarding various Crypto Currencies, we do not give direct suggestions to buy or sell any Crypto Currencies so invest at your own risk. However you should read this blog for getting better KNOWLEDGE of Crypto Currencies for sure.
In this blog you are going to get Info on 5 Crypto with Best Potential.
1) QuickSwap [old] Crypto Currency :
QuickSwap (OLD) Coin: Invention & Details
Who Invented QuickSwap?
QuickSwap was created by Nick Mudge, a blockchain developer and Ethereum Improvement Proposal (EIP) author, along with a team of developers. The platform was launched in 2020 as a decentralized exchange (DEX) running on the Polygon (formerly Matic) network. It is a fork of Uniswap, optimized for lower fees and faster transactions by leveraging Polygon’s Layer 2 scaling solution.
QuickSwap (OLD) Token Details
- Token Name: QuickSwap (QUICK) (OLD)
- Ticker Symbol: QUICK
- Blockchain: Originally on Ethereum, later migrated to Polygon
- Utility: Used for governance, staking, and liquidity mining rewards
- Total Supply: Initially 1,000,000 QUICK, later increased due to governance decisions
- Migration: In 2023, QuickSwap migrated to a new QUICK v2 token to improve tokenomics and incentivize liquidity. The old QUICK token is now referred to as QuickSwap (OLD).
Key Features of QuickSwap DEX
- Powered by Polygon: Faster and cheaper transactions compared to Ethereum-based DEXs.
- AMM (Automated Market Maker) Model: Similar to Uniswap, allowing users to swap ERC-20 tokens without an order book.
- Liquidity Pools & Farming: Users can provide liquidity and earn fees.
- Governance: Token holders can participate in decisions via QuickSwap’s DAO (Decentralized Autonomous Organization).
What Makes QuickSwap Old a good Investment ?
QuickSwap (OLD) was primarily developed as a community-driven project rather than being backed by a single large corporation. However, several key companies and institutions contributed to its growth and adoption which makes it a good investment.
1. Polygon (formerly Matic)
- QuickSwap was built on Polygon’s Layer 2 scaling solution, which significantly reduced gas fees and increased transaction speed compared to Ethereum.
- The Polygon team provided technical support and infrastructure improvements to optimize QuickSwap’s performance.
2. Ethereum Ecosystem & Uniswap
- QuickSwap is a fork of Uniswap, one of the most widely used decentralized exchanges (DEXs) on Ethereum.
- While Uniswap did not directly support QuickSwap, its open-source codebase allowed QuickSwap to adapt the AMM (Automated Market Maker) model for the Polygon network.
3. Chainlink (Indirect Support)
- QuickSwap integrated Chainlink oracles for accurate price feeds to prevent manipulation in trading pairs.
- This improved security and reliability for traders using the platform.
4. AAVE & DeFi Projects
- AAVE, a major decentralized lending protocol, has supported the growth of the Polygon DeFi ecosystem, which indirectly benefited QuickSwap by driving liquidity to Polygon-based platforms.
- Other DeFi projects like Curve, SushiSwap, and Balancer have also contributed liquidity and innovation to Polygon’s ecosystem, supporting QuickSwap’s development.
5. Community & Liquidity Providers
- QuickSwap’s development was largely driven by community governance, where liquidity providers and token holders voted on changes.
- The incentive program for liquidity mining attracted independent DeFi investors, helping QuickSwap gain traction.
6. Institutional & Venture Capital Interest
- While QuickSwap did not receive major VC backing like Uniswap or Sushiswap, institutions interested in the Polygon ecosystem, such as Mark Cuban (Polygon investor), Sequoia Capital, and Andreessen Horowitz (a16z) indirectly influenced its growth by supporting Polygon-based projects.
2) Yearn.Finance Crypto :
Yearn.finance (YFI) was created by Andre Cronje in 2020. It is a decentralized finance (DeFi) protocol that automates yield farming by optimizing users’ crypto assets across different lending platforms.
Key Details of Yearn.finance (YFI):
- Founder: Andre Cronje
- Launch Year: 2020
- Token: YFI
- Blockchain: Ethereum (ERC-20 token)
- Purpose: Automates yield farming by moving funds between lending protocols like Aave, Compound, and Curve Finance to maximize returns.
- Governance: Community-driven (YFI token holders vote on proposals).
- Notable Feature: Vaults—automated investment strategies to maximize earnings.
- Max Supply: 36,666 YFI (Fixed, making it highly scarce).
Yearn.finance gained popularity because it allowed passive income generation in DeFi without requiring users to manage multiple protocols manually. It remains one of the most influential projects in the DeFi ecosystem.
What Makes Yearn.Finance a Good Investment ?
Various companies and institutions make Yearn.finance a good project.
Yearn.finance (YFI) is primarily a community-driven project, meaning it doesn’t have direct backing from large corporations like some other crypto projects. However, it has received support from various institutions, DeFi protocols, and venture capital firms that have integrated or contributed to its ecosystem.
Key Supporters & Partners of Yearn.finance:
1. DeFi Protocols & Integrations:
- Aave – Yearn integrates with Aave for lending and borrowing strategies.
- Compound – Used for yield optimization in its strategies.
- Curve Finance – Yearn.finance’s Vaults and liquidity strategies leverage Curve pools.
- MakerDAO – Supports DAI, which is commonly used in Yearn strategies.
- SushiSwap – Yearn and SushiSwap collaborated on DeFi yield farming and liquidity strategies.
2. Institutional & VC Support:
- Andreessen Horowitz (a16z) – While not a direct backer, a16z has invested heavily in DeFi, indirectly benefiting Yearn.finance.
- Framework Ventures – Known for supporting DeFi protocols, including projects integrated with Yearn.
- ParaFi Capital – A crypto investment firm that has been involved in Yearn’s ecosystem.
3. Community & Governance Support:
- Yearn DAO (Decentralized Autonomous Organization) – YFI token holders govern the protocol.
- Gitcoin Grants – The project has received community donations and funding through Gitcoin.
While Yearn.finance operates independently without a single corporate backer, its deep integration with major DeFi protocols and community-driven governance keeps it at the forefront of the DeFi ecosystem.
New Projects & Developments with Yearn.Finance & QuickSwap (old) Crypto Currencies :
Yearn.finance and QuickSwap:
| Project/Development | Description | Date |
|---|---|---|
| Yearn.finance | ||
| Vaults v3 Launch | Yearn.finance announced the launch of Vaults v3, written in Solidity and adopting the new ERC-4626 token standard. | May 3, 2022 |
| Integration with Curve.fi | Yearn.finance integrated with Curve.fi to enhance yield farming strategies, allowing users to earn higher returns on their investments. | Date not specified |
| Partnership with Cream Finance | Collaborated with Cream Finance to optimize lending and borrowing strategies within the DeFi space. | Date not specified |
| Collaboration with Pickle Finance | Teamed up with Pickle Finance to improve yield farming opportunities and strategies for users. | Date not specified |
| Alliance with Akropolis | Formed a partnership with Akropolis to enhance DeFi services and provide better financial products to users. | Date not specified |
| QuickSwap | ||
| Token Redenomination | QuickSwap underwent a token redenomination, converting old QUICK tokens to new QUICK tokens at a 1:1000 ratio to improve accessibility and perceived value. | Late 2023 |
| Partnership with Starter for IDOs | Partnered with Starter, a leading IDO launchpad on Polygon, to offer QUICK token holders opportunities to participate in Initial DEX Offerings. | June 2021 |
| Deployment on Soneium | Expanded to Soneium, opening access to a burgeoning community of high-quality DeFi users and enhancing mainstream adoption. | Date not specified |
| Launch of QuickPerps | Introduced QuickPerps, a perpetual trading platform, to offer users advanced trading options within the QuickSwap ecosystem. | Date not specified |
Final Thoughts :
Here’s a comparison table for Yearn.Finance (YFI), QuickSwap (Old), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin (BTC), and Polkadot (DOT):
| Feature | Yearn.Finance (YFI) | QuickSwap (Old) | Ethereum (ETH) | Bitcoin Cash (BCH) | Bitcoin (BTC) | Polkadot (DOT) |
|---|---|---|---|---|---|---|
| Category | DeFi Yield Aggregator | DEX (AMM) | Smart Contract Platform | Payment System | Digital Gold | Multi-Chain Network |
| Launch Year | 2020 | 2020 | 2015 | 2017 | 2009 | 2020 |
| Founder(s) | Andre Cronje | Built on Polygon | Vitalik Buterin | Fork of BTC by Roger Ver | Satoshi Nakamoto | Gavin Wood |
| Consensus Mechanism | Ethereum-based (PoS) | Polygon (PoS) | Proof of Stake (PoS) | Proof of Work (PoW) | Proof of Work (PoW) | Nominated Proof of Stake (NPoS) |
| Primary Use Case | Automated Yield Farming | Decentralized Trading | Smart Contracts, DeFi, NFTs | Faster BTC alternative | Store of Value, Payments | Cross-Chain Interoperability |
| Total Supply | 36,666 YFI | Dynamic | Unlimited | 21M | 21M | Unlimited |
| Transaction Speed | Varies (Ethereum-based) | Fast (Polygon-based) | ~15 TPS (ETH L1) | ~116 TPS | ~7 TPS | ~1,000 TPS |
| Scalability Solutions | Ethereum L2 | Polygon | Ethereum L2 (Rollups) | Bigger blocks | Lightning Network | Parachains |
| Market Adoption | Niche (DeFi users) | Limited (Polygon DEX users) | Widely Used | Moderate | Highest | Growing |
| Smart Contract Support | Yes | Yes | Yes | No | No | Yes |
| Strengths | High APY, DeFi automation | Fast & Low Fees | Large ecosystem | Cheaper than BTC | Most secure and adopted | Interoperability |
| Weaknesses | Complex for beginners | Competition from Uniswap | High Gas Fees | Less adoption than BTC | Slow & Expensive | Not yet fully scaled |
Ratings out 5 for Yearn.finance & Quickswap (old) Crypto :
- yearn.finance (YFI) → ⭐⭐⭐⭐ (4/5)
- Strong DeFi presence, automation of yield farming is solid.
- Still relevant, but competition is high.
- Governance and updates are good, but market volatility affects it.
- Quickswap (OLD) QUICK → ⭐⭐⭐ (3/5)
- Used to be great for Polygon users but lost hype.
- Liquidity and adoption are lower compared to new DEXs.
- If you’re holding the old version, it’s not ideal—migrating to the new token is better.
Happy Investing