ADAHQ

MuesliSwap

Symbol: MILK

0.7115081 (₳)

165 min ago

Daily Vol: 802(₳)

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About MuesliSwap:

MuesliSwap | The First Cardano DEX

MuesliSwap DEX

MuesliSwap is preparing itself to become one of Cardano’s key platforms for trading and earning on stablecoins. On November 26, 2021, MuesliSwap successfully launched its decentralized exchange on the Cardano mainnet, making it the first among many competitors to leap into this new era of DeFi on Cardano.

With MuesliSwap, a novel approach for modelling and implementing a DEX on Cardano is proposed by revisiting the traditional order book model. The exchange protocol draws from game-theoretic concepts and distinguishes itself from alternatives through simplicity, modularity, self-regulation, and full decentralization, thus paving the way for MuesliSwap to become the first operational DEX on Cardano. For technical details, we refer to the scientific whitepaper outlining the results of MuesliSwap's rigorous research.

The approach to token trading by the MuesliSwap Team distinguishes itself from the popular approaches to trading, taking into account the Cardano transaction model. The EUTxO model of the Cardano blockchain makes it possible to use the order book model as a decentralized exchange, in contrast to the AMM model used on other blockchains. MuesliSwap will support limit orders bringing full control to your investments. What's more, the innovative protocol offers fast transaction settlements paired with low fees and protects against frontrunning.

MuesliSwap aims to enrich the Cardano Defi ecosystem with a range of new trading features, not only limiting itself to Token Trading but also an NFT Marketplace and a decentralized Token Launchpad. $MILK is the utility token that powers the Cardano MuesliSwap ecosystem. It has many useful benefits, available for pre-sale until a few days after launch.

What is problematic about the traditional method of distributing rewards in farming?

In the traditional approach, each farm has a fixed daily emission of rewards, regardless of the current amount of stake in the farm. Consequently, as more participants join the farm, the Annual Percentage Rate (APR) decreases. This lack of incentive discourages current farmers from promoting the farm to others. In contrast, Organic Farming restructures the incentives to produce the opposite outcome: as the community attracts more farmers, the APR increases for everyone!

What is Organic Farming APR?

To incentivize the attraction of farmers, we have devised a novel method for determining reward distribution in Yield farms. We are proud to introduce the Organic Farming APR formula, which enables us to achieve this objective.

Here it is:

Three points that are of great importance to their team, and are the core features that give MuesliSwap it’s a truly decentralized nature:

Traders are registering their interest to trade in a decentralized Plutus smart contract. This smart contract is designed such that users’ funds can only be spent as intended, eliminating the need to trust in a third party. This is the beauty of blockchain.
The task of matching orders is distributed across multiple matchmakers and openly accessible to anyone. Similar to mining rewards on proof-of-work blockchains, by earning rewards for each matched order, community members are incentivized to run a matchmaker. Of course, all matchmakers are bound to the rules defined in the smart contract guaranteeing safety of traders’ funds and fairness in the matchmaking process.
The MuesliSwap website is only one of potentially many interfaces to interact with the protocol’s smart contract. Any community member can build their own website and enrich the MuesliSwap platform with their unique UI features. Orders placed on different front-ends will still be submitted to the one and only MuesliSwap platform. This guarantees increased liquidity, faster settlement of trades, and hence a more seamless trading experience. With both front-end and matchmaker modularly replaceable, MuesliSwap is in every sense of the word a truly decentralized exchange protocol.

On-Chain Orderbook

Trade any amount at your price with the lowest fees on the whole blockchain. Our unique decentralized orderbook leverages the Cardano UTXO model to its best, resulting in low fees and fast order matching. The simplicity of this model allows for full interoperability with liquidity pools and other smart contracts.

Liquidity pools

Trade at the market price as fast as possible thanks to our tightly integrated liquidity pools. Earn passive income through providing liquidity for the market and much more!

Expert View

Annoyed by the lack-luster information presented by most DEXes? Check out our expert view to quickly see what is currently happening in the markets!

DEX Aggregator

Always get the best price for your Cardano trades. Our DEX aggregator compares prices across all Cardano protocols in real time and automatically selects the best deal for you. Simply select the tokens you want to trade and the system will take care of the rest!

Earn passive income on Cardano's leading DeFi ecosystem!

Provide liquidity for other traders and earn passive income on your crypto from trading fees. Stake your MILK tokens and collect Cardano's hottest tokens.