SundaeSwap is a native scalable, decentralized exchange and automated liquidity provision protocol. SundaeSwap also calls itself the sweetest DEX that will launch on the Cardano blockchain.
More About SundaeSwap ($SUNDAE)
SundaeSwap is primarily backed by cFund, an early-stage sector agnostic venture company in the blockchain industry. cFund is anchored by IOHK and managed by Wave Financial. Other partners of SundaeSwap are Alameda Research and Double Peak Group, both being involved in cryptocurrency and blockchain technologies.
According to the SundaeSwap team, Cardano is faster and more affordable than its alternatives. In addition, it is run by a non-profit foundation and regularly collaborates with quality academic institutions. All these are the reasons SundaeSwap decided to build its DEX on Cardano.
On December 6, 2021, SundaeSwap also announced that its testnet was live on the Cardano blockchain. Charles Hoskinson then invited members of the Cardano community to “go get some ice cream.”
On January 7, 2022, SundaeSwap published a blog post that announced something exciting would happen in the days to come. The fans of this decentralized exchange think this has something to do with the mainnet launch.
SundaeSwap also published an announcement about its Initial Stake Pool Offering (ISO) and yield farming rewards, explaining how the reward system will work and what epochs it will include.