Cardano-Based DEX MuesliSwap to Refund Users Affected by High Slippage
The Cardano-based decentralized exchange (DEX) MuesliSwap has announced that it will be refunding users who have been affected by high slippage over the past year. The company admitted that it failed to provide adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Slippage refers to the difference in price between a transaction’s submission and its confirmation in the blockchain.
Main Points:
- MuesliSwap recognized its shortcoming in providing clarity on the slippage feature of its DEX protocol.
- Users have been paying a high slippage rate for the past year due to the decentralized matchmaker setup.
- The refund process will take three to four weeks as the company gathers necessary data and implements the distribution code.
- MuesliSwap has taken immediate action to fix the slippage issue in its order book DEX.
- MuesliSwap’s total value locked (TVL) has dropped significantly since the beginning of August and compared to its all-time high in April 2022.
Hot Take:
The decision of MuesliSwap to refund its users affected by high slippage demonstrates their commitment to transparency and user satisfaction. By acknowledging their shortcomings and taking immediate action, they are working to rectify the situation and regain trust from their community. This move is a positive step towards ensuring a fair and user-friendly experience on the MuesliSwap platform.
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