2021-12-7 15:10 |
SundaeSwap, a decentralized exchange (DEX) platform based in Cardano (ADA/USD), is preparing to launch a public testnet. Input Output HK, Cardano’s parent company, announced this launch stating that the SundaeSwap DEX would launch as a testnet.
SundaeSwap DEX on CardanoIOHK further stated that it expects to see increased interest once this public testnet is launched. “We’re expecting a huge amount of interest in this highly-anticipated event and lots of activity. This is why we are collaborating,” the company stated.
As aforementioned, SundaeSwap is a DEX that doubles as an automated liquidity provider protocol. It will be supported by its own native token and the ADA token.
The launch was initially scheduled for Sunday, but it was postponed for the next day after several bugs delayed the launch. There are no details on the timeline of the testnet or when it will end.
The DEX will currently run on a testnet and those who will participate need to follow the outlined steps. These steps involve using a third-part wallet that will obtain testnet tokens used to test the network.
Testing DEX with high traffic volumeIOHK stated that testing the network will include exposing it to a “high throughput.” This will allow the developers to monitor and analyze its operations. Some of the parameters to be analyzed during testing include the memory limit, CPU limit and block size.
IOHK has further stated that users will face congestions and bugs on the testament, which will come from the high traffic volumes needed to assess all the parameters. The team urged the users to ignore the FUD because bugs will be present and encouraged users to provide feedback on their experiences on the platform.
“Remember this is early DApp software, and it’s still early days for DeFi on Cardano. Testnets are a key part of iterating & improving the experience.”
Cardano launched smart contract capability in September, but it has faced criticism from the crypto community, stating that the network lacks competitive features.
The ADA token has not responded to the news of the DEX launch, which could be attributed to the current recession happening across the market.
The post SundaeSwap DEX on Cardano (ADA) launches public testnet appeared first on Invezz.
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