Excitement is growing for the SundaeSwap DEX release date, which will enable users to buy, trade, and sell assets on the DeFi platform.
SundaeSwap's widely anticipated DEX platform is built on the Cardano blockchain and will allow investors to participate in multiple trading opportunities, enabling them to swap assets.
Users have to pay nominal fees to trade while liquidity providers can earn handsome returns on the deposits made earlier. Let's take a look at what to expect from the SundaeSwap DEX launch.
SundaeSwap DEX Release Date
As announced in the official blog post, the SundaeSwap DEX release date is January 20, 2022, where the platform will launch into its beta.
The exchange also announced that the yield farming feature will also be available for six months after the launch. Users who stake their LP tokens to yield farming will also be eligible for additional SUNDAE rewards.
Explaining the decision to release in beta, SundaeSwap said:
While the DEX’s smart contracts have been fully audited and the DEX will meet all industry standards for security, the implementation of fully decentralized governance will not be immediately possible due to existing transaction size limits on the Cardano blockchain.
Cardano's transaction limits are expected to decline in the upcoming Basho upgrade. The Cardano Hydra L2 could also provide similar benefits for scaling.
The DEX also warned that transactions may take hours or days to process during the first few weeks.
SundaeSwap ISO Release Date
The SundaeSwap ISO, or Initial Stake Pool Offering, will also begin on January 20 and will continue for five epochs, or 25 days.
Rewards will send out 1% of the SUNDAE supply per epoch, totalling 5% of the supply, or 100 million SUNDAE.
Those wanting to participate must stake their ADA before each epoch begins, although the first deadline is on January 25. The final deadline for Round 5 of the ISO is on February 14.
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