MuesliSwap to Refund Users Affected by High Slippage
MuesliSwap, a decentralized exchange on the Cardano blockchain, has acknowledged the slippage issues faced by users and has decided to refund those affected. The team made a statement on X, formerly Twitter, to clarify the intricacies of the slippage feature in their protocol.
- MuesliSwap will refund affected users who encountered high slippage in the past year
- The slippage issue in the MuesliSwap order book has been promptly addressed
- The refund process is expected to take up to four weeks
- Slippage is the difference between intended and actual trade execution price
- MuesliSwap’s unique approach to slippage added complexity and caused confusion among users
Understanding Slippage and its Impact
Slippage refers to the difference between intended and actual trade execution price due to factors like market liquidity. MuesliSwap’s approach to slippage involved decentralized matchmakers returning the extra slippage amount or retaining the difference. This led to confusion, especially among new users. The team is committed to providing clear and accurate information on slippage in the future.
User Concerns Across Cardano DEXs
Slippage concerns have been raised by traders on various DEXs operating on the Cardano network. MuesliSwap aims to address these concerns and improve the trading experience for the Cardano community. Traders will not need to fill out any forms to receive the refund, as trade-related information will be fetched automatically from the blockchain.
Hot Take
MuesliSwap’s decision to refund users affected by slippage issues demonstrates their commitment to customer satisfaction and improving the user experience. By promptly addressing the problem and providing clear information on slippage, they are working towards maintaining a transparent ecosystem for the Cardano community.
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