QuickSwap’s co-founder Sameep Singhania talks about the motivations behind the project and how it can improve the user experience within DeFi. Singhania: Layer-2 DEXs are housed on blockchain networks limited in terms of scalability. The best way to overcome this problem is to build DEX layer-2 solutions that are built for scalability, Singhania says. Polygon aims to transform the internet into an internet interconnected blockchains independent of each other. Together, these chains can collaborate to overcome the problems of the mainnet and process millions of transactions per second.
AMM DEXs are undoubtedly the cornerstones for the DeFi industry. They bring the whole industry together to facilitate digital asset transfers and create liquidity. But no one would argue that the high-gas fees and network congestion on popular blockchain networks are major turn-offs for people. This is why it might be time for layer-2 DEXs like QuickSwap to shine. Today, we’re in conversation with QuickSwap’s co-founder Sameep Singhania about the motivations behind the project and how it can improve the user experience within DEXs.
1. Hi Sameep! Thank you for joining us today. Before jumping into our conversation about QuickSwap, we’d like to know more about the mind behind the project. Please introduce yourself and how you got involved with the blockchain space.
Hi! Thanks for having me on board. To start off, I’d say that I am a software engineer and blockchain developer by profession. I have a Bachelor’s in Computer Science Engineering and I believe my profound love for working on exciting software projects is what led me to this field. Then, in 2017 I left my full-time as a software developer at a reputed firm to become a freelance developer. I felt that working with various different companies as a freelancer would give me much-needed exposure. Soon enough, I was building smart contracts and tokens for emerging blockchain businesses.
During this time, I was fortunate enough to land a project with OpenBazaar that was an online decentralized marketplace. I spent 18 months working on this project and was fully involved in its developmental efforts. Then, I also closely worked with Paraswap and helped in the development of its smart contracts and core services. I also worked on other projects which needed layer-2 level scalability. It was this time when I came into contact with Polygon and worked with them to optimize their solution.
After gaining significant experience in the blockchain space, I decided it was time to start my own venture, and this led to the creation of QuickSwap.
2. The advent of decentralized exchanges really changed the game for DeFi. But, what significant problems do you think today’s popular DEXs have and what is the need for a layer-2 DEX?
During my time as a freelance developer, I closely observed the rise of AMM DEXs. They emerged as a non-custodial way of facilitating the transfer…
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