Cardano

<ul><li>MuesliSwap announces a refund process for users affected by high slippage incidents over the past year.</li><li>The platform is also working on a DEX aggregator to minimize future slippage losses.</li><li>Cardano&#39;s ADA cryptocurrency experiences a revival, with major investors accumulating at unprecedented levels.</li></ul>Cardano&#39;s decentralized exchange platform, MuesliSwap, has declared its intention to compensate users who were confused and adversely affected by its slippage feature. This announcement follows a series of high slippage incidents over the past year, leading to user dissatisfaction and a noticeable decline in the platform&#39;s standing in the market.In a bid to elaborate on the compensation plan, the MueliSwap team shared a Twitter post:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5009dab5758046569cb225fd1c7d2ae9.png" />In blockchain transactions, slippage refers to the variance in price from when a transaction is started to its completion. MuesliSwap&#39;s unique decentralized matchmaker system permitted matchmakers to either return the extra slippage amount or retain it, a feature that was meant to incentivize them but ended up causing unforeseen losses for some users.Recognizing the ambiguity in how this system functioned, the MuesliSwap team has initiated a refund process that is expected to take between three to four weeks. This process would retrospectively cover the previous 12 months of <a href="https://www.reddit.com/r/SundaeSwap/comments/s8ud9s/my_20th_time_trying_ffs_what_can_i_do_slippage_is/" rel="noopener noreferrer nofollow">high slippage occurrences</a> and would be automatically executed for the affected users through data sourced from the blockchain.While immediate measures have been implemented to rectify the slippage issue, the response from users was mixed. Some users have also criticized the company&#39;s prior communication and seeming disregard for their concerns.Read full article at <a href="https://cryptotale.org/cardanos-muesliswap-takes-action-on-slippage-issues-as-ada-surges/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cardano's MuesliSwap Takes Action on Slippage Issues as ADA Surges

CryptoTale

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