Minswap made its debut on the Cardano mainnet earlier today.
It is now possible for its users to deposit cash in exchange for rewards and to swap their token for something else. Beginning on March 14th, yield farming will be offered on the exchange.
Minswap completed its audit in collaboration with the Tweag software innovation lab.
Minswap went live on the Cardano testnet before the launch of smart contracts. The debut was mired in controversy because of the “concurrency” issue. Minswap said that it was working to solve the problem after facing backlash.
Minswap has $48.87 million in total value locked according to the data provided by DefiLlama.
SundaeSwap, which went live on the mainnet in late January, currently has $121.75 million in total value locked, which makes it the biggest Cardano DEX for now.
With a mere $172.46 million in TVL, Cardano pales in comparison to other “Ethereum killers” such as Solana and Avalanche.
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