MuesliSwap to Provide Refunds for Slippage Issues
The developers of MuesliSwap, a decentralized exchange on the Cardano blockchain, have announced plans to refund users who faced significant slippage issues.
Key Points:
- MuesliSwap admits to not providing enough clarity on the slippage feature.
- Slippage refers to the price variance between transaction submission and blockchain verification.
- High slippage has been a problem for almost a year for DEX users.
- MuesliSwap’s custom slippage was meant to incentivize decentralized matchmakers but caused confusion for new users.
- Affected users will be refunded from project funds after a thorough analysis of trades.
The refund process may take 3 to 4 weeks as the DEX collects and verifies the necessary data. MuesliSwap is also actively working to fix the slippage issue and promises to provide clear and accurate information on slippage in the future.
Hot Take:
MuesliSwap’s decision to refund users affected by slippage issues demonstrates their commitment to addressing user concerns and improving the platform’s functionality. By taking responsibility for their mistake and implementing measures to rectify the issue, MuesliSwap aims to regain user trust and provide a better trading experience.
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