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The main network of Cardano launched the first decentralized exchange
The Muesliswap team announced the launch of the first DEX in the Cardano Maineite. The platform uses a model of a book of applications of centralized exchanges, which allows you to place limit orders.
Muesliswap is now live on cardano mainnet! We are Proud to announce that muesliswap has just launched as the first decentralized Що таке Bonfire? Exchange (DEX) On Cardano. https: // t.CO/WTEVELS5NT #DEX #ADA #CARDANO #FIRST #MILK
– muesliswapteam (@muesliswapteam) november 26, 2021
“Unlike early attempts, just repeat the Uniswap architecture from Ethereum, the Muesliswap trade solution has been developed from scratch and takes into account the features of the transactional model Cardano Eutxo. This makes it practical to use the model of a book of applications in a decentralized environment, ”the project blog said.
On the network Cardano Dex offers nine trading couples with ADA, and also conducts presale of the Milk control tokens. In the future, a service will appear on Muesliswap for launching tokens and NFT -marketplais.
The platform is also available in the Smart Bitcoin Cash blockchain. It works longer in this network, and therefore has a wider functionality. In addition to trade, users can participate in pharmacy and stakeing, as well as launch and buy SEP-20 standard tokens.
Developers emphasize that Muesliswap is a project in beta version that can work unstable. One of Reddit users said that he had problems when placing a limit order for the purchase of Snow tokens:
“I tried to buy 10 Snow tokens at a price of 0.9 ADA, but the application was not passed, since the lowest order for sale was set at the price of 1 ADA. I warn you, I tried to cancel the order and received an error message. ADA for which the purchase was made are currently blocked in a smart contract, and I’m not sure if I can get them back “.
Recall that in September 2021, Cardano developers activated the Alonzo update, which made it possible to deploy Plutus smart contracts in the main network.