what's Minswap?
Minswap is a multi-pool decentralized exchange (DEX) on the Cardano blockchain, enabling users to perform token swaps, provide liquidity, stake assets, and farm rewards through automated market maker (AMM) pools. It supports community governance via the Minswap DAO, fee mechanisms that bolster liquidity and enable token buybacks, and an aggregator for optimal routing across protocols including stablecoin integrations for low-slippage trades. Features like boosted farming and mobile-native access via MinWallet enhance user participation in Cardano DeFi.
Whale lost $6.18M selling $7.03M ADA on ADA/USDA due to $1.9M liquidity, causing extreme slippage.
Reached $1,320,000 TVL in the ADA-SNEK V2 liquidity pool with 21.80% current APY and 22.35% 30-day average APY on Cardano.
A whale loses $6.18 million (-88%) attempting to sell $7.03 million worth of ADA through the ADA/USDA trading pair, which has only $1.9 million in liquidity, causing extreme slippage.
DEX aggregator launches with best-price routing across Cardano, alongside $100k rewards program split between Zealy campaign and trading competition.