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Summary of MuesliSwap MILK
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Launch Date:
November 26, 2021 -
Key Features:
- Decentralized exchange on Cardano mainnet
- Novel approach to modelling and implementing a DEX
- Simplicity, modularity, self-regulation, and full decentralization
- Support for limit orders
- Fast transaction settlements and low fees
- Protection against frontrunning
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MILK Token:
- Utility token powering the Cardano Muesli
Introducing MuesliSwap MILK: A Revolutionary DeFi Ecosystem
On November 26, 2021, MuesliSwap made history by successfully deploying a decentralized exchange on the Cardano mainnet, thereby emerging as the pioneering force in ushering in a new era of decentralized finance (DeFi) on Cardano, ahead of its competitors.
Introducing MuesliSwap, a pioneering approach that redefines the paradigm for building a decentralized exchange (DEX) on Cardano. By reexamining the traditional order book model, our innovative protocol leverages game-theoretic principles to distinguish itself through its simplicity, modularity, self-regulation, and full decentralization. This groundbreaking approach paves the way for MuesliSwap to become the inaugural operational DEX on Cardano. For a comprehensive exploration of the technical underpinnings, we invite you to peruse our scientific whitepaper, which presents the findings of our rigorous research endeavors.
The MuesliSwap Team’s distinctive approach to token trading diverges from conventional methods, uniquely tailored to the Cardano transaction model. Leveraging the EUTxO model of the Cardano blockchain, MuesliSwap enables the utilization of an order book model as a decentralized exchange, differing from the AMM model employed on other blockchains. Notably, MuesliSwap will support limit orders, granting users comprehensive control over their investments. Furthermore, this innovative protocol boasts rapid transaction settlements, accompanied by low fees, while safeguarding against frontrunning.
Ultimately, MuesliSwap strives to augment the Cardano DeFi ecosystem with a diverse array of innovative trading features, extending beyond token trading to encompass a comprehensive NFT marketplace and a decentralized token launchpad.
The MILK token serves as the utility token that fuels the Cardano MuesliSwap ecosystem, boasting a multitude of benefits, available for pre-sale until a brief period following its launch.