Minswap：卡爾達諾領先的去中心化交易所

在 DeFi Spotlight（去中心化金融焦點的縮寫）中，我們將重點放在 Cardanos Defi 生態系統中有前途的項目。

In this DeFi Spotlight, we’ll be highlighting promising projects within the Cardano DeFi Ecosystem. For the first and inaugural edition, we’ll be highlighting Cardano’s leading Decentralized Exchange; Minswap. This article will dive into the DEX, its features, upcoming Minswap V2 launch, and more.

在本次 DeFi 聚焦中，我們將重點放在 Cardano DeFi 生態系統中前景光明的專案。在第一版中，我們將重點介紹卡爾達諾領先的去中心化交易所；明互換。本文將深入探討 DEX、其功能、即將推出的 Minswap V2 等。

Cardano’s Leading Decentralized Exchange

卡爾達諾領先的去中心化交易所

Since overtaking Sundaeswap as the leading exchange on the Cardano blockchain, Minswap has established a market dominance not only in TVL, but also unique wallets trading, TVL, and fees generated. Minswap offered cheaper fees at the time of launch and attractive yield farming, which helped it quickly cement its position in the Decentralized Finance space on Cardano.

自從取代 Sundaeswap 成為 Cardano 區塊鏈上的領先交易所以來，Minswap 不僅在 TVL 方面建立了市場主導地位，而且在獨特的錢包交易、TVL 和產生的費用方面也確立了市場主導地位。 Minswap 在推出時提供了更便宜的費用和有吸引力的收益耕作，這有助於它迅速鞏固其在卡爾達諾去中心化金融領域的地位。

In terms of volume, the Minswap DEX has a market dominance of 73.14% over the last 30 days and a lifetime market dominance of 69.07%. Minswap’s native token, MIN, is also leading Cardano’s DEX tokens by market cap and is currently at a 68.7M market cap. Notably, this is 3x the market cap of the next DEX token, which is Sundaeswap’s native token, Sundae, with a market cap of 20.34 million ADA.

從交易量來看，Minswap DEX 在過去 30 天的市場主導地位為 73.14%，終身市場主導地位為 69.07%。 Minswap 的原生代幣 MIN 的市值也領先 Cardano 的 DEX 代幣，目前市值為 6,870 萬。值得注意的是，這是下一個 DEX 代幣市值的 3 倍，後者是 Sundaeswap 的原生代幣 Sundae，市值為 2,034 萬 ADA。

DEX Features

去中心化交易所特點

We’ll now delve into the various features that are available on the Minswap Decentralized Exchange.

我們現在將深入研究 Minswap 去中心化交易所提供的各種功能。

Token Swaps

代幣互換

Ecosystem participants can trade ADA and Cardano Native Tokens by placing market and limited orders on the Minswap DEX. Market orders are executed immediately at the current market price, while limit orders are executed only at a specified price, allowing for a variety of different trade strategies.

生態系統參與者可以透過在 Minswap DEX 上下達市價訂單和有限訂單來交易 ADA 和 Cardano 原生代幣。市價單以當前市場價格立即執行，而限價單僅以指定價格執行，允許多種不同的交易策略。

LP & Farming

LP 與農業

Liquidity providers can either add LP the traditional way or use the Zap in feature which will sell 1/2 of deposited ADA to create a liquidity position. These LP tokens can then be deposited into a yield farming position to earn yield. Farming on Minswap includes single farms, double farms, and triple farms where yield farmers earn min, a project’s token, as well as ADA from the liquidity they’ve deposited.

流動性提供者可以以傳統方式添加 LP，也可以使用 Zap 功能，該功能將出售 1/2 存入的 ADA 以創建流動性頭寸。然後可以將這些 LP 代幣存入流動性挖礦部位以賺取收益。 Minswap 上的農業包括單農場、雙農場和三農場，其中收益農民從他們存入的流動性中賺取 min（項目代幣）以及 ADA。

StableSwaps

穩定掉期

The Minswap StableSwap is a special type of AMM Liquidity Pool on the Minswap DEX which is tailored to the price stability and low slippage required for efficient stablecoin trading. This allows users to swap between two different stablecoins assets such as swapping from Djed to USDC or vice versa.

Minswap StableSwap 是 Minswap DEX 上的一種特殊類型的 AMM 流動性池，專為高效穩定幣交易所需的價格穩定性和低滑點而量身定制。這允許用戶在兩種不同的穩定幣資產之間進行交換，例如從 Djed 交換到 USDC，反之亦然。

Min Staking

最低質押

MIN holders can stake their tokens for various time frames to earn ADA as well as other Cardano native tokens. The staking system is liquid so token deposits can be withdrawn at any time, however, withdrawing your rewards prematurely will cause accrued rewards to be forfeited. The ADA rewards generated are from the revenue generated by the Minswap protocol.

MIN 持有者可以在不同的時間範圍內抵押其代幣，以賺取 ADA 以及其他卡爾達諾原生代幣。質押系統具有流動性，因此代幣存款可以隨時提取，但是過早提取獎勵將導致累積的獎勵被沒收。產生的 ADA 獎勵來自 Minswap 協議產生的收入。

Governance

治理

MIN token holders and liquidity providers can partake in Decentralized Governance to decide the future of the protocol. The voting power of governance participants is decided by the number of MIN tokens held, in LP or farming, as well as staked MIN. Currently, there is an active proposal regarding Minswap LP voting in Project Catalyst.

MIN 代幣持有者和流動性提供者可以參與去中心化治理來決定協議的未來。治理參與者的投票權由持有的 MIN 代幣數量（LP 或 Farming）以及質押的 MIN 數量決定。目前，Project Catalyst 中有一個關於 Minswap LP 投票的活躍提案。

Launchbowl

發射碗

The Minswap Launchbowl is a launchpad on the Minswap Decentralized Exchange, designed to help projects bootstrap new token launches with liquidity through community participation. It allows ecosystem participants to get involved in projects early. Liquidity Bootstrapping, where users participate in price discovery and yield farming for new tokens, and Collective Zap-in (CZI), which increases liquidity for existing tokens through community ADA deposits, are key features. Participants in both services receive LP tokens and booster NFTs, enhancing their yield farming incentives. Projects that have used the launchpad include FluidTokens, SmartPlaces, Mocossi, and Indigo.

Minswap Launchbowl 是 Minswap 去中心化交易所的啟動板，旨在幫助專案透過社群參與引導具有流動性的新代幣發行。它允許生態系統參與者儘早參與專案。流動性引導（用戶參與新代幣的價格發現和收益耕作）和集體 Zap-in（CZI）（透過社群 ADA 存款增加現有代幣的流動性）是關鍵功能。這兩項服務的參與者都會收到 LP 代幣和增強型 NFT，從而增強他們的流動性挖礦誘因。使用此啟動板的項目包括 FluidTokens、SmartPlaces、Mocossi 和 Indigo。

Upcoming V2 Upgrade

即將推出的 V2 升級

Minswap’s upcoming V2 upgrade is set to significantly enhance the user experience on the platform. Written in the Aiken smart contract language, the upgrade promises increased throughput, enabling trades to occur up to five times faster than before. This version will introduce a Pro Mode tailored for advanced users, featuring an enhanced user interface, deeper analytics, and lower trading fees. Additional features include auto-routing for optimized trade execution, various advanced order types for better trade control, and a new MinWallet for managing multiple wallets efficiently. Users can also expect advanced technical analysis tools, real-time alerts, and a completely redesigned interface, ensuring a more streamlined and sophisticated trading experience on the Cardano blockchain. Minswaps V2 upgrade will be launching later this summer after recently passing two Smart Contract security audits.

Minswap 即將推出的 V2 升級將顯著增強平台的使用者體驗。此次升級採用艾肯智能合約語言編寫，可望提高吞吐量，使交易速度比以前快五倍。此版本將引入專為高級用戶量身定制的專業模式，具有增強的用戶介面、更深入的分析和更低的交易費用。其他功能包括用於優化交易執行的自動路由、用於更好的交易控制的各種進階訂單類型，以及用於有效管理多個錢包的新 MinWallet。用戶還可以期待先進的技術分析工具、即時警報和完全重新設計的介面，確保卡爾達諾區塊鏈上的交易體驗更加簡化和複雜。在最近通過了兩次智能合約安全審核後，Minswap V2 升級將於今年夏天晚些時候推出。

You can find out more about Minswap V2 here.

您可以在此處了解有關 Minswap V2 的更多資訊。

Sign up for Beta Testing Minswap V2 is now open until June 1st at the following link: Minswap V2 Beta form

透過以下連結註冊 Beta 測試 Minswap V2 現已開放至 6 月 1 日：Minswap V2 Beta 表格

Conclusion

結論

Cardano’s leading Decentralized Exchange, Minswap, continues to innovate and dominate Cardano’s DeFi landscape with its diverse range of features and upcoming V2 upgrade. From offering attractive yield farming opportunities to introducing advanced trading tools and a revamped user interface, Minswap is setting new

Cardano 領先的去中心化交易所 Minswap 憑藉其多樣化的功能和即將推出的 V2 升級，不斷創新並主導 Cardano 的 DeFi 格局。從提供有吸引力的流動性挖礦機會到引入先進的交易工具和改進的用戶介面，Minswap 正在設定新的目標