Tomiwabold Olajide
This would be the first time Cardano DEX leverages Plutus V2 improvements
Minswap, a Cardano DEX, has announced the release of a new feature: Yield Farming Harvest V2 (Multiple Token Harvest). Harvest V2 is a new and optimized Plutus V2 Farming Contract. It supports harvesting rewards in multiple farming pools of up to five.
This is the first time Minswap DEX takes advantage of Plutus V2 improvements.
Plutus V2 enables optimization at smart contract level (through inline datum & reference scripts). This helps increase transaction speed and new features like Multiple Harvest.
— Minswap Labs (@MinswapDEX) January 17, 2023
According to them, one of the most requested features by users was the ability to collect tokens from multiple farms at once, rather than individually. The newly introduced feature aims to solve this problem. Minswap DEX, speaking about the feature, says that this would be the first time it uses improvements from Plutus V2.
It describes Plutus V2 as enabling optimization at the smart contract level through inline data and reference scripts. Plutus V2 also helps increase transaction speed and promotes new features like Multiple Harvest.
The Plutus V2 cost model network upgrade went live on the Cardano mainnet on September 27, five days after the Vasil upgrade was triggered.
Plutus Core is a scripting language used in the Cardano ledger. The September Vasil upgrade resulted in a new version of Plutus Core (Plutus V2), an optimized Plutus interpreter and new cost models for Plutus V1 and Plutus V2 scripts.
Minswap is the largest DeFi platform on Cardano with a TVL (Total Value Locked) of $29.58 million and a market dominance of 30.57%. Since early 2023, Cardano has seen inflows into its defi ecosystem as its TVL has steadily grown. Almost all of Cardano’s dApps contributing to its TVL are seeing significant monthly gains as TVL grows from $66.33 million at the end of 2022 to a current value of $96.77 million.
Cardano Foundation ranked as a top 50 company
In a recent tweet, the Cardano Foundation announced the positive news of being listed as a top 50 company in the new CV VC Top 50 report, which shows the development of the blockchain and crypto ecosystem across the Crypto Valley.
The CV VC Top 50 report, in partnership with Bank Frick, is a periodic report that analyzes the 50 top performing blockchain projects in Crypto Valley based on market valuation, funding and head count.
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