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.
Community First: MIN tokens are distributed fairly to protocol participants and Liquidity Providers, who can participate in governance and vote democratically on protocol changes.
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).
Q3 2021: Deployed Minswap testnet and gathered invaluable feedback. Launched FISO model, a novel way to distribute tokens to community members. Introduced the MINt token mechanic, ensuring FISO participants are incentivized to partake in the protocol once launched.
Q4 2021: Published Minswap´s solution to concurrency, Laminar, which aims to execute accounting-style smart contracts multiple times in one block.
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.
Q1 2023:Yield Farming V2 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 265$ $USD Cumulative Volume. 1 Year Mainnet Anniversary.