SundaeSwap DEX prepares for launch

Many teams are building DEX on Cardano. SundaeSwap is definitely one of the more visible projects. On Sunday 5th December, SundaeSwap will be launched on test-net. Let’s take a closer look at the project.

Meet SundaeSwap

The project’s homepage says: SundaeSwap is a native, scalable decentralized exchange and automated liquidity provision protocol. Decentralized exchanges (DEX) provide one of the key services in DeFi. They allow you to exchange one token for another in a completely decentralized way. All economic activity can thus remain within the decentralized network without exposure to third-party risk. It is always better when swaps take place within the Cardano network as this financially supports the whole ecosystem. Centralized exchanges earn fees and work in contrast to the principles of decentralization. DEXs need to achieve the same quality and liquidity as centralized exchanges to replace them. This is what the entire industry has been trying to do for years and we are slowly getting there.

Team

Pi Lanningham and the team are very helpful to the whole community. Many people became aware of SundaeSwap around the time of the “concurrency FUD” and the team published an article that helped clarify basic terms and described the differences between Cardano eUTxO and other models. Pi is a…