Proposal Description
Add the MILK token in AADA as an asset for lending/borrowing.
- Approve
- Disapprove
0 voters
Project Summary
MuesliSwap is a decentralized, first native, scalable decentralized exchange on Cardano. using the unique decentralized orderbook leverages the Cardano UTXO model to its best, resulting in low fees and fast order matching. The simplicity of this model allows for full interoperability with liquidity pools and other smart contracts.
Motivation
To motives
1)More liquidity will be shifted to AADA as so will grow in TVL
2)MILK Token holder will gain an additional Utility.
Who is posting the proposal?
Posting on Behalf of the Muesliswap Community
Project and token overview
MuesliSwap is a decentralized exchange (DEX) on the Cardano blockchain that enables you to trade Cardano native tokens.
Backed by a newly developed token swapping protocol, MuesliSwap aims to become the go-to DEX on Cardano. MuesliSwap uses a hybrid trading model with an on-chain order book connected to liquidity pools, providing crypto traders with features like limit orders. In this model, there is no central order matching authority. Instead, order matching is incentivized and can be performed by anyone, subject to rules fixed in a smart contract.
Explain the positioning of the token in the Cardano ecosystem. How will it benefit the protocol?
MILK is the token that powers the MuesliSwap ecosystem. MILK is the native token of the MuesliSwap platform. The overall purpose of the MILK token is to incentivize participation and drive the growth and development of the MuesliSwap ecosystem.
MILK is the primary token of one of the Cardano pioneers, giving it a fundamental role in the network’s ecosystem. It is tradable on major Cardano DEXs like MuesliSwap, Minswap, Sundaeswap, and Wingriders, including a CEX listing on CoinEx. Moreover, it is available on the Milkomeda blockchain, extending Aada’s popularity further. Ultimately, adding it as a borrowable asset will increase the functionality of both apps and will encourage closer collaboration between Aada and Muesli.
What’s the asset’s utility?
- Priority trading: access to exclusive exchange features
*MILK holder fee discount - Governance: Vote on community proposals
- Staking: Participate in the new MILK pools and earn some milky rewards
- More exciting features will be revealed soon. Get some MILK and be part of the exciting MuesliSwap journey.
Token data
Max Supply (MuesliSwap): 10,000,000 MILK
Total Supply (MuesliSwap): 10,000,000 MILK
Circulating Supply (MuesliSwap): 5,860,000 MILK
Market Cap (Muesliswap): 15,977,297ADA
TVL: $9,113,697
Holders: 6,854
Volume 24h (MuesliSwap): 565,000 ADA
Conclusion
Adding MILK as a borrowable asset in Aada will be a great leap towards bonding the MuesliSwap and Aada Finance Liquidity . Moreover, it will place the fundamentals for future collaborations between the two teams.
References
Communities