The first decentralized exchange has been launched on the Cardano mainnet

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It uses the order book model of centralized exchanges, allowing limit orders to be placed

The first decentralized exchange has been launched on the Cardano mainnet

29.11.2021 - 08:30

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What’s new? The MuesliSwap team has announced the launch of the first decentralized exchange (DEX) on the Cardano mainnet.

MuesliSwap is now live on Cardano mainnet! We are proud to announce that MuesliSwap has just launched as the first decentralized exchange (DEX) on Cardano. https://t.co/WTevels5nT #DEX #ADA #CARDANO #FIRST #MILK— MuesliSwapTeam (@MuesliSwapTeam) November 26, 2021

What is known about DEX? The platform applies the order book model of centralized exchanges, this enables limit orders to be placed. The network offers nine trading pairs with Cardano. In addition to trading, users can take part in farming and staking, as well as launch and purchase SEP-20 standard tokens.

What are the prospects for the project? The DEX developers note that MuesliSwap is still a beta project, so an unstable operation is possible. In the future, a service for launching tokens and an NFT marketplace should appear on MuesliSwap.

Author:

Editorial GetBlock Magazine

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