Introduction
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Minswap is a Decentralized Exchange (DEX). The purpose of a DEX is to enable permissionless trading of token pairs. For each swap, a fee is taken, which goes to the Liquidity Providers (LPs). Anyone can provide Liquidity as well, hence profits are decentralized. Minswap is a community-centric DEX, in that $MIN tokens are fairly distributed, without any private or VC investment. Minswap has pioneered several ideas in the Cardano ecosystem such as the FISO model (touted as the fairest ISO model in the Cardano community) or a focus on .
Community First: MIN tokens are distributed fairly to protocol participants and Liquidity Providers, who can participate in and vote democratically on protocol changes.
Innovation-Driven: We pioneered ideas such as the model, the token, or the and plan to continue doing so with further novel initiatives.
Launchpool: Minswap is permissionless, meaning anybody can list tokens without needing KYC. For promising Cardano projects that want to use some of the most potent DeFi primitives to bootstrap their liquidity, we have designed the .
Stake Pool Operators Support: Minswap supported SPOs through the FISO and plans to continue doing so with a community-oriented ADA delegation policy, incentivizing SPOs in our batching solution , and by enabling automatic native token fees conversion (Babel Fees).
Q2 2021: Successfully received funds in , commenced research on constant-product pool, completed .
Q3 2021: Deployed Minswap testnet and gathered invaluable . Launched FISO model, a novel way to distribute tokens to community members. Introduced the mechanic, ensuring FISO participants are incentivized to partake in the protocol once launched.
Q4 2021: Published Minswap´s solution to concurrency, , which aims to execute accounting-style smart contracts multiple times in one block.
Q1 2022: After completion of a, Minswap launched on Mainnet. Minswap Launched through a , a congestion-friendly and equitable way to distribute the $MIN token, which gathered 25 million $ADA half of which went to the Minswap DAO Treasury in form of $ADA/$MIN LP Tokens.
Q2 2022: Minswap embraced research in and further innovations around a new type of Emissions Schedule. Introduced features such as , or starting the first to increase the DAO Treasury's Protocol-Owned-Liquidity.
Q3 2022: Trading Fee Discount for $MIN Holders was implemented, were made on the UI/UX such as TradingView chart and the was conducted.
Q4 2022: was first implemented and the was introduced. Minswap Monthly Stats were introduced.
Q1 2023: was introduced with multiple token harvest, utilizing the advantages of Plutus V2. Verification of tokens was introduced to protect Minswap users. Several milestones were achived such as . 1 Year Mainnet Anniversary.
Q2 2023: was introduced. The "meme coin mania" struck Cardano, catapulting the Trading Volume on Minswap and reaching a record of 60.69mn $ADA Daily Trading Volume and . A was authored by volunteers to look into $MIN emissions efficiency. A was passed to decide how LP $ADA would be delegated.
Q3 2023: An after which . 3 Catalyst Proposals were submitted and awarded with funding for: , , was announced and a vote was conducted to use . It was voted to use $ADA from Minswap Liquidity Providers by having $MIN holders decide on the Top 20 Proposals.