Minswap

##What is Minswap (MIN)?

Minswap is a Decentralized Exchange (DEX) on the Cardano (ADA) blockchain. For each swap, a fee is taken, which mainly goes to the Liquidity Providers (LPs). LPs on Minswap can stake their LP Tokens to earn MIN Tokens in yield farming.

Minswap launched in March 2022 and quickly became the DEX with the highest Trading Volume and Total Value Locked (TVL) on Cardano. Minswap is a community-centric DEX with no private or VC investment. MIN tokens are given to protocol participants and LPs, who can participate in governance and vote on protocol changes. MIN Token holders are also eligible for swap fee discounts when trading.

Minswap takes advantage of the liquid staking of ADA to stake the ADA deposited in the DEX Smart Contract, enabling LPs keep earning ADA staking rewards. Minswap offers projects the option to offer their own token rewards in yield farming. As such, in some cases LPs earn 4x rewards (MIN Tokens + ADA staking reward + Project Token + Trading Fees). Lastly, the Minswap Launchbowl, encompasses the initiatives other projects can use to bootstrap their Liquidity on Minswap.

##Who Are the Minswap Founders?

The Minswap DEX is mainly developed by the Minswap Labs entity, a group of DeFi natives and developers mainly based in Vietnam.

##How much are swap fees on Minswap?

There is a 0.3% fee for token swaps. 0.25% goes to liquidity providers and 0.05% towards a Fee Switch mechanism. There is a fixed 2 ADA batcher fee that can be reduced depending on how many MIN Tokens the user has in their wallet.