01-16-2022, 03:27 AM
There is a fully functioning DEX live on Cardano that no one talks about. I tested i
<!-- SC_OFF --><div class="md"><p>Cardano got a lot of hate in the past few weeks about the lack of dapps. While everybody is waiting on Sundaeswap & Co, Muesliswap quietly developed the first DEX on Cardano which is already live on mainnet. Admittedly it looked a bit dodgy at first because the dev team was completely anonymous and the DEX appeared out of nowhere. But this changed as they gave an interview recently:</p> <p><a href="https://www.youtube.com/watch?v=w3DpuwGoiyE">https://www.youtube.com/watch?v=w3DpuwGoiyE</a></p> <p>That's what made me give them a chance and try out their DEX. And what can I say, it works great! I like the fact that it is more like a DEX spot exchange unlike uniswap or pancakeswap. You can place a limit order so you know exactly how many tokens/which price you get after the purchase. Here is a short video of my purchase:</p> <p><a href="https://streamable.com/r8m8nx">https://streamable.com/r8m8nx</a></p> <p>If you want to try it for yourself, here is a short how to:</p> <ol> <li>First you need a compatible wallet. For now, they support Nami, Gero and CCvault. I choose Nami for my test.</li> <li>Go to <a href="https://ada.muesliswap.com/">https://ada.muesliswap.com/</a> and connect your wallet</li> <li>Go to <a href="https://ada.muesliswap.com/markets">https://ada.muesliswap.com/markets</a> and choose the token you want to buy</li> <li>You can either set a price by yourself by clicking the big green buy button or choose one of the existing sell orders on list below</li> <li>Choose the amount you want to buy and submit the order</li> <li>Check if the order is correct and click place order</li> <li>Sign the order in your wallet</li> <li>Done. Now you have to wait until you have at least 10 confirmations on your transaction. You can check that on cardanoscan. After that, your buy order will get matched with a seller. This may take while as you need someone who matches your price and I think volume is a bit low for now.</li> </ol> <p>I think the future for ADA looks bright. I am looking forward for more dapps in 2022!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SonicRC"> /u/SonicRC </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4sov0/there_is_a_fully_functioning_dex_live_on_cardano/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4sov0/there_is_a_fully_functioning_dex_live_on_cardano/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Cardano got a lot of hate in the past few weeks about the lack of dapps. While everybody is waiting on Sundaeswap & Co, Muesliswap quietly developed the first DEX on Cardano which is already live on mainnet. Admittedly it looked a bit dodgy at first because the dev team was completely anonymous and the DEX appeared out of nowhere. But this changed as they gave an interview recently:</p> <p><a href="https://www.youtube.com/watch?v=w3DpuwGoiyE">https://www.youtube.com/watch?v=w3DpuwGoiyE</a></p> <p>That's what made me give them a chance and try out their DEX. And what can I say, it works great! I like the fact that it is more like a DEX spot exchange unlike uniswap or pancakeswap. You can place a limit order so you know exactly how many tokens/which price you get after the purchase. Here is a short video of my purchase:</p> <p><a href="https://streamable.com/r8m8nx">https://streamable.com/r8m8nx</a></p> <p>If you want to try it for yourself, here is a short how to:</p> <ol> <li>First you need a compatible wallet. For now, they support Nami, Gero and CCvault. I choose Nami for my test.</li> <li>Go to <a href="https://ada.muesliswap.com/">https://ada.muesliswap.com/</a> and connect your wallet</li> <li>Go to <a href="https://ada.muesliswap.com/markets">https://ada.muesliswap.com/markets</a> and choose the token you want to buy</li> <li>You can either set a price by yourself by clicking the big green buy button or choose one of the existing sell orders on list below</li> <li>Choose the amount you want to buy and submit the order</li> <li>Check if the order is correct and click place order</li> <li>Sign the order in your wallet</li> <li>Done. Now you have to wait until you have at least 10 confirmations on your transaction. You can check that on cardanoscan. After that, your buy order will get matched with a seller. This may take while as you need someone who matches your price and I think volume is a bit low for now.</li> </ol> <p>I think the future for ADA looks bright. I am looking forward for more dapps in 2022!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SonicRC"> /u/SonicRC </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4sov0/there_is_a_fully_functioning_dex_live_on_cardano/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s4sov0/there_is_a_fully_functioning_dex_live_on_cardano/">[comments]</a></span>Kind Regards R