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 Protocol Owned Liquidity.
- 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 Minswap Launch Bowl.
- 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 Laminar, and by enabling automatic native token fees conversion (Babel Fees).
- Q1 2022: After completion of a Security Audit by Tweag, Minswap launched on Mainnet. Minswap Launched through a Liquidity Bootrstrapping Event, 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.
78.5% of tokens will be distributed to the community, of which 70% are reserved to reward LPs, ensuring our community of users is maximally rewarded, not speculators and insiders.