Sunda𝓔swap

SundaeSwap is responsible for the design and implementation of the Cardano decentralized exchange (DEX).

SundaeSwap Labs acknowledges this flaw as an “abysmal throughput for a decentralized exchange”. As such, the project promises to focus research and development resources towards scaling solutions that will drastically increase its throughput.

Additionally, SundaeSwap Labs recognizes the necessity for flexibility and adaptation, admitting that the first implementation would never be the best. In turn, SundaeSwap Labs is planning early on a clear and definitive upgrade path. SundaeSwap Labs promises that both the upgrade path and scaling solutions will be outlined in a future project whitepaper.

Exploring SundaeSwap & SUNDAE Token Summary

SundaeSwap uses the automated market maker (AMM) and decentralized exchange (DEX) model with a twist, taking many influences from Uniswap. With plans to launch on the Cardano blockchain upon the Goguen phase implementation, SundaeSwap aims to capture the trades of the emerging market as the leading Cardano DEX.

Moreover, as the core product of SundaeSwap Labs, the DEX protocol operates with four tokens within its tokenomics structure. This, of course, includes the native multi-utility SUNDAE token.

Introducing a cutting-edge accounting mechanism, the SundaeSwap protocol makes use of the eUTXO model (“Extended unspent transaction output”). The eUTXO model expands on Bitcoin’s original UTXO model.

However, SundaeSwap Labs, as of yet, is unable to optimize this for exchange transactions. SundaeSwap has the support and backing of multiple investors.

Plus, the project has an engaging social community following and “Weekly Technical Progress Updates” blog posts. Nevertheless, SundaeSwap has yet to publish further details surrounding scaling solutions, roadmap updates, or information regarding a future whitepaper.