Due to its lack of venture capital backing or private investment, Minswap asserts that it is a community-centric decentralized exchange on Cardano. This, it argues, ensures that the community of users, rather than insiders and speculators, receives the maximum benefit from its token distribution.
According to its white paper, Minswap is “an automated market-maker decentralized exchange on Cardano which supports multiple pricing functions for a single liquidity pool.”
MInswap went live on Cardano on March 9:
On March 19, Minswap announced that it had open-sourced its code:
On August 23, Minswap Labs announced via a blog post that it had formed a strategic partnership with Aada Finance.
On August 29, Minswap Labs tweeted that they are ready for the Vasil upgrade.
According to data by DeFi Llama, currently, Minswap is the top 1 DEX on Cardano with a TVL of roughly $48.45 million.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…
Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…
According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…
This website uses cookies.