This guide provides a walkthrough on how to use Minswap, the leading Minswap Cardano DEX, focusing on its core feature: the Minswap multi-pool AMM.
Step 1: Connecting to the Minswap dApp
Navigate to the Minswap DEX Official platform. Connect your Cardano wallet (e.g., Nami, Eternl).
Step 2: Understanding the Multi-Pool Architecture
Minswap allows for different pricing curves to coexist. This means there isn't just one type of liquidity pool. You can choose from:
Standard x*y=k pools for volatile assets.
Stable pools for tightly correlated assets.
Multi-asset pools.
This design is key to achieving Minswap low slippage.
Step 3: Providing Liquidity and Farming
Go to the "Pool" tab.
Browse the various Minswap liquidity pools and select one that fits your assets and risk tolerance.
Click "Add Liquidity," deposit your assets, and approve the transaction. You will receive LP tokens.
Go to the "Farm" tab and stake your LP tokens.
You are now participating in MIN token yield farming, earning trading fees and MIN rewards. For a deeper dive into the platform's Minswap governance model, refer to the Full Official Documentation.
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