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Usha Yadav
Oct 6, 2022
by Usha Yadav

MuesliSwap Announced Plutus v2 Contracts and Liquidity Pools Integration

MuesliSwap

Table of contents

  1. MuesliSwap Partnered With COTI
  2. Cardano's Scripting Language
In a recent statement, MuesliSwap, the first decentralized exchange on the Cardano blockchain, confirmed the integration of Plutus v2 contracts and liquidity pools. Plutus is the smart contract platform of the Cardano blockchain, which allows users to write applications that interact with the Cardano blockchain.

MuesliSwap Partnered With COTI

MuesliSwap recently partnered with COTI to Implement Djed on their decentralized exchange (DEX). The partnership made it the first Cardano-backed DEX to simultaneously operate as an automated market maker (AMM) and support order books. To create liquidity through Djed trading pools on MuesliSwap and allow users to generate income on their crypto assets in the DeFi market, Muesliswap coupled Djed with other coins on their DEX.

It is important to note that the previous and most recent order books are compatible. In November 2021, MuesliSwap launched as Cardano's first DEX. It took place soon after the Alonzo hard fork's debut, which expanded the well-known Proof-of-Work (PoW) blockchain to include smart contracts. The exchange's original format was a straightforward order book, but it now provides liquidity pools.

Cardano's Scripting Language

The exchange considerably reduced the size of transactions thanks to the release of Cardano's scripting language's second iteration, which would significantly improve trading efficiency. MuesliSwap's AMM protocol enables automatic order filling by directly communicating with the order book. This enhanced capability allows more complicated protocols to communicate with DeFi protocols.

MuesliSwap is the fourth-largest Cardano protocol by total value, at $5.1 million, according to data from DeFi analytics DefiLlama. With $39.14 million and $14.59 million, Minswap and SundaeSwap are in first and third place, respectively.

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MuesliSwap Announced Plutus v2 Contracts and Liquidity Pools Integration
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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