Frequently Asked Questions.
SundaeSwap is a decentralized exchange protocol for the Cardano Network, enabling native token and ADA exchanges for anyone. With its protocol, you will be able to swap, stake, lend, borrow, and more in a truly decentralized way!
Decentralized exchanges are a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
This is a somewhat loaded question, but in simple terms Cardano is faster and cheaper than the alternative smart contract platforms. It also is run by a non-profit foundation and regularly collaborates with high profile academic institutions. All in all it is more advanced and a better option for future projects to be built upon.
The entire SUNDAE supply will be 2,000,000,000 tokens with the majority distributed to users of the protocol.
Disclaimer: There is room for this to change depending on certain constraints during implementation.
We have an official SundaeSwap discord!
We are planning for the initial functionalities of SundaeSwap to be implemented Q4 of 2021.
Check out the team page!
You will be able to get the SundaeSwap token when the DEX launches through either the ISO, swapping for it on the DEX, or providing liquidity to the protocol. We are hoping for that to be in October after our audit is completed.
For details on the ISO read our blog post here: https://sundaeswap.finance/posts/iso-update-3
When the ISO launches, any wallet that supports searching and staking will work. Daedalus, Yoroi, and Adalite Wallets support staking through Cardano, as well as the ISO.