SundaeSwap v3 brings groundbreaking improvements to the Cardano platform.
With features like tenfold faster transactions, reduced fees, and the unique option to earn staking rewards on limit orders, this update is set to transform how users interact with decentralized finance.
Learn more about these innovative enhancements and how they can benefit your trading strategy.
Contents
The Official Release of SundaeSwap v3
SundaeSwap, a decentralized exchange (DEX) built on the Cardano (ADA) blockchain, announced on May 10, 2024, the mainnet launch of its significantly upgraded version, SundaeSwap v3.
As a DEX, SundaeSwap facilitates the exchange of various cryptocurrencies based on the Cardano ecosystem. Users can connect their self-managed wallets to exchange Cardano-related tokens and earn rewards through liquidity provision.
This latest version, SundaeSwap v3, brings numerous enhancements and new features, which had been highly anticipated, offering significant performance improvements.
-
SundaeSwap v3 on Cardano: A Major Upgrade for Faster and Cheaper Transactions
Discover the upcoming SundaeSwap v3 launch on the Cardano network, set to revolutionize decentralized trading with a tenfold increase in processing speed and reduced fees.
続きを見る
Key Features and Attractions of SundaeSwap v3
One of the standout enhancements in SundaeSwap v3 is the tenfold increase in transaction processing speed, coupled with reduced fees.
A particularly notable addition is the functionality that allows staking of assets while they are in a limit order. If these orders span across an epoch—a time unit on the Cardano blockchain lasting five days—users can earn staking rewards proportional to their ADA holdings involved in the order.
For the initial three months following the release, SundaeSwap v3 will also feature a promotional campaign where fees are reduced from 1 ADA to 0.5 ADA, making the service even more cost-effective for users.
Highlights of SundaeSwap v3 include:
- Transaction processing speed increased tenfold, with significantly lower fees.
- Up to 20 times more transactions per block.
- Capability to stake assets in limit orders.
- Protocol fee reduction from 2.5 ADA to 1 ADA.
- First three months feature a 50% fee discount.
- Lower fees for users with higher exchange volumes, with potential fee rebates.
- Addition of new filter features to search pools more effectively.
Considerations for Using SundaeSwap v3
The announcement also includes important considerations for using SundaeSwap v3. Users may need to refresh their browser cache before transacting.
It’s recommended to transact within reasonable limits to avoid errors. While the development team has thoroughly tested the updates, the scale of changes and the number of associated wallets, browsers, and tokens mean that some aspects might have been overlooked.
Additionally, some trading pairs still experience low liquidity, so users should carefully verify the details before trading.
>> Click here for the latest Cardano related news.
-
Strengthening the Cardano (ADA) Ecosystem: EMURGO Partners with Global Liquidity Provider GSR
Explore how EMURGO’s new partnership with global liquidity provider GSR is set to bolster the Cardano (ADA) ecosystem, focusing on liquidity, investment, interoperability, and educational initiatives.
続きを見る