What is Minswap (MIN)?

Deep Dive

1. Purpose & Value Proposition

Minswap addresses Cardano’s need for a scalable, user-centric DEX by enabling permissionless trading and liquidity provision. Its multi-pool system (stable pools for low-slippage stablecoin swaps, multi-asset pools for diverse pairs, and concentrated liquidity for capital efficiency) caters to both traders and liquidity providers. By avoiding venture capital influence, it ensures community stakeholders—not insiders—capture value, a rarity in DeFi.

2. Technology & Architecture

Built on Cardano’s proof-of-stake blockchain, Minswap leverages Cardano’s speed and low transaction costs. Its V2 upgrade introduced features like same-block batching to reduce latency and an aggregator that routes trades across Cardano DEXes for optimal pricing. The platform also supports LP tokens as collateral on DeFi protocols like Danogo, enhancing capital utility.

3. Tokenomics & Governance

The MIN token (max supply: 3 billion) powers governance, staking, and liquidity incentives. Holders vote on fee structures, liquidity pool parameters, and treasury allocations. Staking MIN earns ADA rewards from protocol fees, aligning holder incentives with platform growth. Recent proposals include token burns (e.g., 500M MIN burned in October 2025) and buyback mechanisms to counter inflation, reflecting a shift toward deflationary tokenomics.

Conclusion

Minswap is Cardano’s community-owned DeFi engine, combining technical innovation with equitable token distribution. Its adaptability—seen in Bitcoin liquidity integration and governance reforms—positions it as a cornerstone of Cardano’s ecosystem. As cross-chain interoperability grows, can Minswap maintain its lead while staying true to its decentralized ethos?