For the Cardano community that was waiting for SundaeSwap to launch, it has finally announced its release date!
After a long wait and the initial launch which should have happened in Q4 of 2021 being pushed to this year, SundaeSwap is now officially set to launch really soon! The DEX is expected to launch on the eve of Jan 20 EST.
How to Earn SUNDAE Through SundaeSwap
According to the tweet by SundaeSwap Labs, the upcoming Cardano DEX is now set to launch on the evening of Thursday, Jan 20 EST. After a long wait, Cardano hodlers will be able to stake their ADA in order to earn Sundae.
For those unfamiliar as to what SundaeSwap is, it is a dex quite similar to Uniswap of Ethereum or PancakeSwap of BNB. During its official launch, SundaeSwap will be providing pools in which stakers can earn SUNDAE.
500,000 SUNDAE Allocated
The dex is allocating 500,000 SUNDAE daily over the course of the first six months for those staking on the SundaeSwap.
These are the following confirmed pools:
For more information, head over to sundaeswap-finance on Medium and check their latest articles. The article notes that the launch will still come with a “beta” label due to the fact that although the DEX’s smart contracts have been audited and the DEX meets industry standards for security, the launch will not be implementing “fully decentralized governance” immediately due to the transaction size.
This means that instead of going fully decentralized, like they previously decided to do, SundaeSwap will be taking a new direction with its implementation of fully decentralized governance pushed back.
SundaeSwap Announces Warning on Transaction Time
Before everyone starts swapping, the team notes that orders which include swapping, providing liquidity, and withdrawing liquidity could take hours to days for them to process. The team, however, assures that orders will still be processed fairly and in the order that they were received and executed.
As per the team, SundaeSwap will have five epochs with its ISO with 5% total in SUNDAE supply and 1% total per epoch. The ISO will also start on Jan 20 with five rounds of rollouts which investors have to delegate before these dates come.
- Round 1: Jan 25, 2022 21:45 UTC
- Round 2: Jan 30, 2022 21:45 UTC
- Round 3: Feb 4, 2022 21:45 UTC
- Round 4: Feb 9, 2022 21:45 UTC
- Round 5 Feb 14, 2022 21:45 UTC
For Cardano hodlers waiting for the blockchain to roll out more projects, SundaeSwap has been a long-awaited project that not only allows investors to stake ADA but also other coins within the Cardano ecosystem. Get acquainted with one of the long-awaited Cardano dex but tread with caution as transactions could take up to days before they complete.