Here’s When Flagship Cardano DEX Will Enable Swapping

Bitcoinethereumnews 3 months ago Report
Telegram LinkedIn

article image

Alex Dovbnya

SundaeSwap will launch swapping later today, but user experience could be bumpy during the first days

Leading Cardano-based decentralized exchange SundaeSwap now allows creating pools and depositing liquidity, according to its latest update posted on Twitter.

SundaeSwap will enable swapping later today at 9:45 p.m. UTC (4:45 p.m EDT).

One of the most anticipated Cardano-based projects announced its mainnet launch last week. However, it will be a beta rollout, and it could take days before the exchange becomes usable:

While orders (including swapping, providing liquidity and withdrawing liquidity) may take hours to days to process at first, it’s important to know that everybody’s orders will be processed fairly and in the order they were received and executable.

Like other popular DEXes, SundaeSwap offers incentives to users for placing their tokens in liquidity pools. Liquidity providers will be able to earn rewards in SUNDAE token over the course of six months.

Earlier today, as reported by U.Today, Cardano developer Input Output also announced that Plutus memory limits would be bumped up to 12.5 million units per transaction.

Such an adjustment will allow for running more complex scripts on top of the blockchain.

Memory size expansion will also increase concurrency and make it possible to process more data items, thus enabling higher throughput on decentralized applications.

Plutus’ memory limits, as well as Cardano’s block size, are adjusted based on current demand. With more developers joining the network, there is a need for more resources.

Input Output claims that the blockchain has experienced “phenomenal” growth over the last few months. As reported by U.Today, Cardano has raced ahead of Ethereum in terms of transaction volume.

Many “exciting” projects are expected to launch on Cardano in the coming weeks, according to Input Output.

Source: https://u.today/heres-when-flagship-cardano-dex-will-enable-swapping


YouTube video

Post navigation

Original Source: https://bitcoinethereumnews.com/technology/heres-when-flagship-cardano-dex-will-enabl...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Join Our Weekly Newsletter of Cardano

Your weekly dose of Cardano news straight to your inbox!
Genius X is launching its Initial Stake Pool Offering (ISPO) Starting on May 15, 2022
Revolutionize the business accelerator experience and provide unparalleled support for ambitious crypto startups, Genius X is raising funds through a public ISPO and helping foster innovation in the Cardano ecosystem. CLICK HERE!
READ THE ORIGINAL ARTICLE ON >> Bitcoinethereumnews