MuesliSwap Offers Refunds to Users Who Lost Funds Due to Slippage Misunderstanding
Cardano-based decentralized exchange (DEX), MuesliSwap, has announced that it will refund users who lost money due to a misunderstanding about how slippage works on the platform. Market makers were able to choose whether to return the additional slippage amount or keep the difference, leading to confusion among users. To rectify the situation, MuesliSwap will refund affected users and has taken immediate action to fix the slippage issue. The refund process may take up to four weeks and funds will be distributed automatically based on a user’s trading history. MuesliSwap is a popular platform on the Cardano network, locking over $10 million worth of tokens and trading over $500 million worth in the past year.
Key Points:
– MuesliSwap, a Cardano-based DEX, will refund users who lost money due to a misunderstanding about slippage on the platform.
– Market makers could choose whether to return the additional slippage or keep the difference, causing confusion among users.
– MuesliSwap will refund affected users and has taken immediate action to fix the slippage issue.
– The refund process may take up to four weeks and funds will be distributed based on a user’s trading history.
– MuesliSwap is a popular platform on the Cardano network, locking over $10 million worth of tokens and trading over $500 million worth in the past year.
Hot Take:
MuesliSwap’s decision to refund users who lost funds due to a slippage misunderstanding demonstrates their commitment to ensuring a fair and transparent trading experience. By taking immediate action to address the issue and offering refunds, they are showing that user satisfaction and trust are their top priorities. This incident serves as a reminder for all users to fully understand the mechanics of a platform before engaging in trading activities.
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