Cardano

Minswap

Dynamic

Partial

<ul> 
 <li>Cardano’s largest DEX Minswap has launched its updated platform dubbed V2, which offers cheaper, more scalable, sustainable, and highly secure transactions.</li> 
 <li>Aside from the redesigned UI, the platform has cut batcher fees by half for the next three months and introduced new features such as stableswap and auto-routing.</li> 
</ul> 
Cardano’s leading decentralized exchange Minswap is shaking things up with the launch of a revamped platform that offers cheaper, more scalable, and highly secure transactions. 
Minswap V2 was announced this week, with the DEX also promising composable and sustainable transactions. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Minswap V2 is now LIVE! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Cheaper ✦ Scalable ✦ Sustainable ✦ Composable ✦ Secure 
 ➜ <a href="https://t.co/75dkdLNN1d">https://t.co/75dkdLNN1d</a> <a href="https://t.co/oGkM2dNsRw">pic.twitter.com/oGkM2dNsRw</a> 
 — Minswap Labs (@MinswapDEX) <a href="https://twitter.com/MinswapDEX/status/1810936996317081721?ref_src=twsrc%5Etfw">July 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The upgrade is an essential part of Cardano’s journey to competing with Ethereum in the DeFi space as it offers features previously unavailable in the entire ecosystem. 
One key upgrade is on the throughput front. In a recent <a href="https://www.youtube.com/watch?v=-AECZti08os" target="_blank" rel="nofollow noopener">interview</a>, Minswap’s growth manager noted, “The main highlight is the throughput improvement. We’re leveraging Plutus V2 and Aiken to get up to ten times more throughput than Minswap V1 which [suffered from]congestion.” 
Plutus V2 is the second version of Cardano’s Turing-complete native smart contract language, introduced in the 2022 Vasil hard fork. Aiken offers developers similar features but with an easier toolkit, lowering the barrier to entry, especially for those unfamiliar with blockchain development. The two complement each other, with the latter plugging some of the gaps of the former, as we recently <a href="https://www.crypto-news-flash.com/cardano-advances-blockchain-innovation-with-cip25-metadata-validation-boosting-nfts-and-amms/" target="_blank" rel="noopener">reported</a>. 
<h3 id="minswap-v2-s-new-features-elevate-cardano-s-defi">Minswap V2’s New Features Elevate Cardano’s DeFi</h3> 
While the increased throughput steals the show, Minswap V2 is loaded with new features. For starters, it comes with a complete redesign of the user interface and a sleek new design that’s intuitive and easy to use. 
Digging deeper, one new cool feature that traders will love in V2 is auto-routing. As Adrian, the growth manager explains, “It’s like having an aggregator within the DEX.” 
Currently, the Cardano network limits traders to one liquidity pool, and if it lacks liquidity, there’s no alternative. However, sometimes, the best prices can be available in other pools. With auto-routing, Minswap V2 now offers users the best paths to the most optimum prices, sometimes using multiple pools for a trade. 
For instance, if a trader is swapping from one token to another, but this pair has very low liquidity, the auto-routing feature automatically maps out a path that involves swapping to <a href="https://www.crypto-news-flash.com/cardanos-hoskinson-fires-back-ada-not-dead-to-institutions-before-governance-upgrade/" target="_blank" rel="noopener">ADA </a>first and then from ADA to the new token, ensuring the trade settles with minimum involvement from the trader, as shown below. 
<img loading="lazy" decoding="async" class="wp-image-753034 size-full aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap.jpeg" alt="" width="1600" height="900" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap.jpeg 1600w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-300x169.jpeg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-1200x675.jpeg 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-768x432.jpeg 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-1536x864.jpeg 1536w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-150x84.jpeg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/minswap-450x253.jpeg 450w" sizes="(max-width: 1600px) 100vw, 1600px"> 
(Image courtesy of Decypher on <a href="https://x.com/decypher_xyz/status/1811354769815974282" target="_blank" rel="nofollow noopener">Twitter</a>). 
Auto-routing is also flexible depending on what the trader is most focused on, as <a href="https://x.com/decypher_xyz/status/1811354792779763919" target="_blank" rel="nofollow noopener">explained</a> by one trader on Twitter: 
<blockquote>
 [Auto-routing] will also allow users to choose the path they wish to trade on. While the “best price” is always recommended, users are free to harness the power of this routing mechanism and choose the “most liquidity” or “best return” paths.
 
</blockquote> 
Minswap V2 also comes with other advanced order types that allow traders more control. For instance, they can execute multiple trading orders simultaneously, and even set conditions like ‘stop loss’ and ‘take profit’ on all of them. 
Stableswap, dynamic fees, advanced staking, and the all-new MinWallet are <a href="https://cardanospot.io/news/minswap-v2-a-look-at-the-upgrade" target="_blank" rel="nofollow noopener">among</a> the other features. 
ADA <a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener">trades </a>at $0.4, gaining 4.5% in the past day for a $14.36 billion market cap. 
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Minswap Enhances Cardano Trading with V2: Dynamic Fees and Partial Fill Features

Daftar Isi

Crypto News Flash

Artikel lain yang dipublikasikan pada 11 Jul 2024

Germany Sells Bitcoin, But Institutional Investors Pile into Bitcoin ETFs

Binance Nears Deal to Sell Majority Stake in South Korean Exchange Gopax

Polkadot Decoded 2024: Uniting Innovators in Blockchain Technology

Rearview Mirror or Windshield? Musk Responds to Bill Gross’ Tesla Criticism

Qubetics Whitelist Lures Near Protocol and Cosmos Holders with Better Scalability, Utility

Top Analyst States Notcoin (NOT) Recent Price Surge Is Fuelling Notcoin Rival

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!