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Minswap
About Minswap
Minswap (MIN) is a decentralized exchange (DEX) on the Cardano blockchain, known for its community-centric approach and absence of private or venture capital investments. It supports token swapping, liquidity provision, yield farming, and governance participation by its users. Developed by Minswap Labs, a team based in Vietnam, the platform has quickly risen to prominence within the Cardano ecosystem for its high trading volume and total value locked. Minswap enables liquidity providers to earn multiple forms of rewards, including ADA staking rewards, making it a unique offering in the DeFi space.
Minswap is a decentralized exchange (DEX) that operates on the Cardano blockchain. It differentiates itself through a community-centric approach, with no private or venture capital investment. The platform enables users to swap tokens, provide liquidity, and engage in yield farming. Minswap has garnered attention for its high trading volume and total value locked (TVL), positioning itself as a leading DEX within the Cardano ecosystem since its launch in March 2022.
Minswap facilitates several key DeFi activities on the Cardano blockchain:
Token Swaps: Users can exchange one cryptocurrency for another, with a portion of each swap fee distributed to liquidity providers. Liquidity Provision: Users can deposit assets into liquidity pools to earn swap fees and MIN tokens as rewards. Yield Farming: By staking liquidity pool tokens, users can earn additional MIN tokens. Governance: MIN token holders can participate in governance decisions, influencing the direction and development of the platform. Staking Rewards: The platform uniquely allows liquidity providers to earn ADA staking rewards in addition to the usual liquidity and yield farming rewards.