QuickSwap has proposed a governance vote to shift its perpetuals trading operations to the Orbs Network. The decentralized exchange's token holders will now decide whether to move the leveraged derivatives business onto a different blockchain infrastructure.
What the proposal says
Perpetuals are a type of futures contract that never expires, allowing traders to speculate on prices with leverage. QuickSwap currently offers these products on its own platform. The proposal, submitted by the QuickSwap team, asks the community to approve transferring that functionality to Orbs Network. No specific timeline or technical details have been released alongside the proposal.
How the vote works
QuickSwap runs as a decentralized autonomous organization, or DAO. Major changes to the protocol, like this one, go directly to holders of the QUICK token. They vote on-chain, and if a majority approves, the migration moves forward. The voting period and quorum requirements haven't been announced yet, but similar governance votes typically last a few days to a week.
What Orbs Network brings
Orbs Network is a blockchain platform built for decentralized trading. It's not a broad smart-contract chain like Ethereum but focuses on providing a layer for high-frequency, transparent order execution. QuickSwap's proposal doesn't detail why Orbs was chosen over other options, but the move suggests the exchange wants to offload some of the technical heavy lifting for its perpetuals products.
The shift could change how QuickSwap users interact with perpetuals — from how orders are matched to how positions are liquidated. Current users won't see an immediate effect until the vote passes and the migration is implemented.
Next steps
The governance vote hasn't started yet. QuickSwap's team will set a date after gathering community feedback. If approved, the transition to Orbs Network would make QuickSwap one of the larger decentralized exchanges to rely on an external trading layer for its derivatives. Token holders will decide in the coming weeks whether that's the right move.
