COTI Network partners with MuesliSwap
COTI Network partners with MuesliSwap the first decentralized exchange on Cardano, soon becoming the first Hybrid DEX.
Muesliswap will pair Djed with other coins on their DEX. Thus making it possible for the liquidity to be provided through Djed trading pools on MuesliSwap. It will the users generate yield on their crypto assets in the DeFi markets.
“This partnership will help traders all over the ecosystem to optimize their portfolio. Further, stablecoins improve the user experience by providing a convenient point of orientation.”
Moreover, this partnership will ensure the proper and seamless utilization of Djed across the entire Cardano ecosystem. With MuesliSwap DEX Aggregator, make sure traders are getting a great deal every time.
What is MuesliSwap?
Muesliswap is a decentralized exchange that allows you to trade crypto assets (tokens, NFTs) on the blockchain. It is much like a traditional stock exchange, assets are trading between participants.
MuesliSwap distinguishes two types of users, traders, and matchmakers.
- Traders place orders (buy or sell) using the web interface. One order is selling a certain amount of tokens at a specific price. Alternatively, buying a certain amount of tokens for a given price. Upon confirming the trade with a Cardano wallet (Nami). The order is lock in a smart contract on the blockchain as a EUTxO.
- A matchmaker constantly scans the blockchain for open buy and sell orders. When such matching orders are found, the matchmaker executes a transaction. Fulfilling the order and sending the assets to the respective parties. For this, the matchmaker obtains a small fee.
Furthermore, the orders are lock in a smart contract in the form of an UTxO. It can be also unlock by matchmakers. Only for a trade that satisfies the trader’s demanded limit price. An order may be partially filled, resulting in a new order that buys or sells the remaining token amount. A pending order may be canceled at any time by its creator unless it has been completely filling already.
ABOUT COTI Network
COTI is the world’s first DAG protocol that is optimize for creating decentralized payment networks and stablecoins.
ABOUT MuesliSwap
MuesliSwap is the first decentralized exchange on Cardano, providing the Cardano community with a smart contract-powered trading platform
RESOURCES
Medium
