MuesliSwap Addresses Concerns and Plans to Refund Affected Users
MuesliSwap, a decentralized exchange (DEX) on the Cardano blockchain, has faced criticism regarding high slippage losses. To maintain trust within its community, the platform will refund affected users.
Key Points:
- MuesliSwap’s Orderbook DEX ensures 0% slippage for all transactions, protecting against potential exploitation by decentralized matchmakers.
- Experienced traders can configure pool slippage options, but MuesliSwap recommends keeping the default 0% slippage setting for user safety.
- Transparency is a priority for MuesliSwap, and they plan to release a detailed report explaining the workings of their Orderbook DEX.
- The slippage issue primarily stems from an “advanced matchmaker slippage” setting, impacting less than 1% of all trades on the platform.
- MuesliSwap advises users to be cautious of arbitrary figures on social media and awaits the release of their detailed report on the compensation process.
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Hot Take:
MuesliSwap’s commitment to addressing concerns and refunding affected users demonstrates their dedication to maintaining a fair and secure trading environment. By prioritizing transparency and offering configurable options, they strive to cater to the diverse needs of their user base.
