Cardano’s (ADA) Biggest Decentralized Exchange, MuesliSwap, Completes Major Upgrade
The improvements promised by the Vasil upgrade are beginning to show, with MuesliSwap, Cardano’s first decentralized exchange (DEX), now integrating Plutus v2 contracts and liquidity pools to offer better services.
MuesliSwap Completes Major Upgrade After Vasil
MuesliSwap launched in November 2021, after the Alonzo hard fork brought smart contract support, but had limited features. With Vasil bringing the full range of smart contract features, MuesliSwap has performed a major upgrade.
On October 5th, the MuesliSwap team announced that it had successfully implemented Plutus v2 contracts and liquidity pools Vasil brought to the Cardano network. This is expected to make trading much more efficient.
This makes MuesliSwap the first DEX on Cardano with both Orderbook and Automated Market Maker (AMM) trading. Prior to Vasil, the DEX was based on the simple order book model.
Role of the Vasil Hard Fork
The Vasil hard fork introduced new updates that make trades placed on MuesliSwap take much less space on the blockchain. The DEX is also expected to have significant improvements in transaction size and cost.
The MuesliSwap Team also announced that Cardano’s upgrade will make it possible for the project to launch a yield farming product with double and triple yield opportunities, which will launch in the coming weeks.
On the Flipside
- Renowned futures analyst Peter Brandt has identified a bearish trajectory for Cardano (ADA) and believes its price is headed for sub-$0.30 levels.
Why You Should Care
The Vasil hard fork introduced new functionalities that would allow developers to build and deploy more sophisticated dApps on the Cardano network.
Read about the functionalities of Vasil in:
All Vasil Features Are Now Live on Cardano (ADA) Following Latest Upgrade
More on the significance of the hard fork in:
Cardano’s (ADA) Vasil Hard Fork Goes Live – The Significance of The Upgrade Explained
Text source: DailyCoin.com
