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MinSwap is an incredibly popular decentralized exchange (DEX) built on Cardano and backed by a very strong community. It’s a DEX built with a community-first approach.
A recent update to the platform saw some major updates related to governance and yield farming rewards.
The main thing to note is the proposed utility for the $MIN token, the governance token for the DEX.
Minswap tracks on CoinMarketCap
MinSwap’s various token pairs are not tracked on CoinMarketCap. This means you get the data you need to make better trading decisions on the DEX in one place.
MinSwap Yield Farm Points system update
Yield farming rewards on the DEX change regularly. As more token farms appear and fewer MIN tokens are distributed as rewards, the percentages will be recalculated accordingly.
You can learn more about minswap issuance and how it works to better understand what to expect when providing liquidity to the DEX.
Formulate approach to Minswap’s MIN emissions
ADA rewards distributed within farms
The opportunity to earn your ADA rewards along with yield farming rewards is very attractive. With smart contracts, we have the ability to tie the ADA to a stake pool within a smart contract and earn these additional rewards.
Minswap now allows for these rewards to be redistributed back to the liquidity providers, giving them the added bonus of providing liquidity.
Gaining liquidity is the name of the game for any decentralized or centralized exchange.
Learn more from their official announcement.
MinSwap Tokenomics & Revenue Sources
It was very interesting to learn more about how minswap generates revenue on the DEX. With all the developers and servers required to run the exchange, there are bills to be paid.
The evolution of DEX’s revenue models is only natural.
Minswap Launch Bowl: liquidity bootstrapping
Learn more about Minswap Launch Bowl and how projects can use the Minswap service to launch their project.
As more and more projects are started on Cardano and different ways to build liquidity are sought, the concept of a Liquidity Bootstrapping Event as a Service is very attractive.
The options to start with a Classic Listing, a Liquidity Bootstrapping Event or a combination as a Collective Zap In give projects choices and options to build liquidity and distribute tokens.
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