Minswap：卡尔达诺领先的去中心化交易所

在 DeFi Spotlight（去中心化金融焦点的缩写）中，我们将重点关注 Cardanos Defi 生态系统中有前途的项目。

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，我们将重点关注 Cardano DeFi 生态系统中前景光明的项目。在第一版中，我们将重点介绍卡尔达诺领先的去中心化交易所；明互换。本文将深入探讨 DEX、其功能、即将推出的 Minswap V2 等。

Cardano’s Leading Decentralized Exchange

卡尔达诺领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.

自从取代 Sundaeswap 成为 Cardano 区块链上的领先交易所以来，Minswap 不仅在 TVL 方面建立了市场主导地位，而且在独特的钱包交易、TVL 和产生的费用方面也确立了市场主导地位。 Minswap 在推出时提供了更便宜的费用和有吸引力的收益耕作，这有助于它迅速巩固其在卡尔达诺去中心化金融领域的地位。

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.

从交易量来看，Minswap DEX 在过去 30 天的市场主导地位为 73.14%，终身市场主导地位为 69.07%。 Minswap 的原生代币 MIN 的市值也领先于 Cardano 的 DEX 代币，目前市值为 6870 万。值得注意的是，这是下一个 DEX 代币市值的 3 倍，后者是 Sundaeswap 的原生代币 Sundae，市值为 2034 万 ADA。

DEX Features

去中心化交易所特点

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

我们现在将深入研究 Minswap 去中心化交易所提供的各种功能。

Token Swaps

代币互换

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.

生态系统参与者可以通过在 Minswap DEX 上下达市价订单和有限订单来交易 ADA 和 Cardano 原生代币。市价单以当前市场价格立即执行，而限价单仅以指定价格执行，允许多种不同的交易策略。

LP & Farming

LP 与农业

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.

流动性提供者可以以传统方式添加 LP，也可以使用 Zap 功能，该功能将出售 1/2 存入的 ADA 以创建流动性头寸。然后可以将这些 LP 代币存入流动性挖矿头寸以赚取收益。 Minswap 上的农业包括单农场、双农场和三农场，其中收益农民从他们存入的流动性中赚取 min（项目代币）以及 ADA。

StableSwaps

稳定掉期

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 上的一种特殊类型的 AMM 流动性池，专为高效稳定币交易所需的价格稳定性和低滑点而量身定制。这允许用户在两​​种不同的稳定币资产之间进行交换，例如从 Djed 交换到 USDC，反之亦然。

Min Staking

最低质押

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时间范围内抵押其代币，以赚取 ADA 以及其他卡尔达诺原生代币。质押系统具有流动性，因此代币存款可以随时提取，但是过早提取奖励将导致累积的奖励被没收。产生的 ADA 奖励来自 Minswap 协议产生的收入。

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 代币持有者和流动性提供者可以参与去中心化治理来决定协议的未来。治理参与者的投票权由持有的 MIN 代币数量（LP 或 Farming）以及质押的 MIN 数量决定。目前，Project Catalyst 中有一个关于 Minswap LP 投票的活跃提案。

Launchbowl

发射碗

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 去中心化交易所的启动板，旨在帮助项目通过社区参与引导具有流动性的新代币发行。它允许生态系统参与者尽早参与项目。流动性引导（用户参与新代币的价格发现和收益耕作）和集体 Zap-in（CZI）（通过社区 ADA 存款增加现有代币的流动性）是关键功能。这两项服务的参与者都会收到 LP 代币和增强型 NFT，从而增强他们的流动性挖矿激励。使用该启动板的项目包括 FluidTokens、SmartPlaces、Mocossi 和 Indigo。

Upcoming V2 Upgrade

即将推出的 V2 升级

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 即将推出的 V2 升级将显着增强平台的用户体验。此次升级采用艾肯智能合约语言编写，有望提高吞吐量，使交易速度比以前快五倍。该版本将引入专为高级用户量身定制的专业模式，具有增强的用户界面、更深入的分析和更低的交易费用。其他功能包括用于优化交易执行的自动路由、用于更好的交易控制的各种高级订单类型，以及用于有效管理多个钱包的新 MinWallet。用户还可以期待先进的技术分析工具、实时警报和完全重新设计的界面，确保卡尔达诺区块链上的交易体验更加简化和复杂。在最近通过了两次智能合约安全审核后，Minswap V2 升级将于今年夏天晚些时候推出。

You can find out more about Minswap V2 here.

您可以在此处了解有关 Minswap V2 的更多信息。

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

通过以下链接注册 Beta 测试 Minswap V2 现已开放至 6 月 1 日：Minswap V2 Beta 表格

Conclusion

结论

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 领先的去中心化交易所 Minswap 凭借其多样化的功能和即将推出的 V2 升级，不断创新并主导 Cardano 的 DeFi 版图。从提供有吸引力的流动性挖矿机会到引入先进的交易工具和改进的用户界面，Minswap 正在设定新的目标