Decentralized exchange and automated liquidity provision protocol built on the Cardano blockchain.
SundaeSwap is a DEX which runs using an Automated Market Maker, AMM, system, combined with Content Product Liquidity Pools, which helps to minimize price slippage in lower liquidity pools.
SundaeSwap is currently being tested on the Alonzo testnets. Swap fees and the subsequent distribution of those fees are yet to be announced.
SundaeSwap were the first to design an Initial Stakepool Offering, ISO, but delayed it due to concerns within the community of the use of a 3rd party stake pool operator. It is to be rescheduled to coincide with the release of the exchange on the main net.
SundaeSwap has also partnered with CardStarter and will benefit from the influx of liquidity from the CardStarter community.