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SundaeSwap is a decentralized exchange (DEX) operating on the Cardano blockchain that supports token swaps, liquidity pools, farms, and more for the Cardano ecosystem.

SundaeSwap is a scalable decentralized exchange protocol native to the Cardano blockchain.

SundaeSwap is set to be the top decentralized exchange (DEX) on the Cardano network. Similar to what Uniswap or Pancake Swap are for Ethereum and the Binance Smart Chain respectively, SundaeSwap is set to be a central part of the Cardano ecosystem.

Unlike most IDO’s, SunaeSwap will be doing an ISO, or Initial Stake Offering. This will distribute the initial equity supply to those who have staked Cardano in certain pools known as “ISO Scoopers.”

SundaeSwap will launch as a fully-functional beta decentralized exchange (DEX). Tuesday, January 25: The first round of ISO rewards will be calculated. ISO participants must delegate ADA to qualifying ISO Scoopers prior to 21:45 UTC on January 25th to be able to earn SUNDAE for all five ISO rounds.

SundaeSwap is a decentralized, autonomous protocol for trading cryptocurrencies, specifically Cardano tokens, on the Cardano blockchain. The SundaeSwap protocol is defined by a series of immutable, permissionless, and decentralized smart contracts built on Cardano using Plutus, the smart contract programming language of the Cardano blockchain.

These smart contracts were built to allow users to trade cryptocurrencies directly with each other and without a third party intermediary that holds the power to halt trading or any other form of restriction. The SundaeSwap protocol has been designed to remain non-custodial, censorship-resistant, and secure.

Conversely, the SundaeSwap protocol uses a different form of market making, called an Automated Market Maker (AMM). Instead of the more common buy and sell orders found in an order book system, an AMM creates a “liquidity pool” of two assets, where their respective values in the pool are more or less balanced.

Users can help create the pool by providing a balanced amount of both assets into the pool. Once the pool exists, a trader submits a trade for one of the two assets in the pool, and as a result the price of both assets increases or decreases and a new market rate for both assets is calculated. Essentially, instead of filling a buy or sell order of another person, the trader is buying or selling directly within the pool.

Second, The SundaeSwap protocol works using a permissionless, decentralized system. This means that the protocol is available for open use, where there are no restrictions on who can use the protocol.

As long as you have a Cardano wallet and internet access, you can add and remove liquidity from a pool and swap cryptocurrencies. This is unique from the centralized, permissioned system found in traditional finance where restrictions on users and transactions exist based on geographic location, geopolitical reasons, socioeconomic status, and age.