On November 26, 2021, MuesliSwap successfully launched a decentralized exchange on Cardano mainnet, becoming the first among many competitors to enter the DeFi era on Cardano. MuesliSwap introduces a novel approach to modeling and implementing a DEX on Cardano by reimagining the traditional order book model. The exchange protocol incorporates game-theoretic concepts and stands out from other alternatives due to its simplicity, modularity, self-regulation, and full decentralization. These characteristics position MuesliSwap as the first operational DEX on Cardano. For more technical details, refer to the scientific whitepaper that outlines the results of MuesliSwap's extensive research.

Unlike popular trading approaches, the MuesliSwap Team takes into account the Cardano transaction model when it comes to token trading. Leveraging the EUTxO model of the Cardano blockchain, MuesliSwap utilizes the order book model as a decentralized exchange, in contrast to the AMM model used on other blockchains. MuesliSwap supports limit orders, providing users with full control over their investments. Additionally, the innovative protocol offers fast transaction settlements, low fees, and protection against frontrunning.

MuesliSwap aims to enrich the Cardano DeFi ecosystem with a wide range of trading features. It goes beyond token trading and includes an NFT Marketplace and a decentralized Token Launchpad.

The utility token MILK powers the Cardano MuesliSwap ecosystem and offers various benefits. It is available for pre-sale until a few days after launch.