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Minswap: score, security record and what it is for

64/100SCORE · CTrusted Grade C, fair

Minswap is the leading decentralised exchange on Cardano, community launched with no venture allocation and no exploit on record. Cardano's transaction model makes swap confirmation feel slower than on EVM chains.

The facts

LIVE SINCE: 2022
TYPE: AMM
CHAINS: Cardano
SWAP FEE: Around 0.30 percent.
AUDITS: Audited.
WHO CAN CHANGE IT: MIN token governance, community launched with no venture allocation.

How the score breaks down

security21/30

liquidity11/25

chains8/15

costs12/15

decentralisation12/15

Where it is strong and where it is not

✓ Strengths

The dominant venue on Cardano
Fair launch with no venture allocation
No exploit on record
Genuine community governance

✗ Weaknesses

Cardano only
Thin liquidity
Cardano transaction model makes swaps feel slow

Exploit history

No exploit of the core contracts on record.

Our read

The default on Cardano, community launched and clean. Cardano's model means swaps behave differently to EVM chains, which surprises newcomers.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

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