Cardano Spot collaborates with the company behind the largest DeFi project on Cardano, Minswap Labs, to promote the native stablecoin ecosystem.
Cardano Spot is thrilled to announce a strategic partnership with Minswap Labs, the company behind the leading decentralized finance (DeFi) project on Cardano. Cardano Spot, a web3 social network, aims to educate and bring awareness about the Cardano ecosystem. We work closely with Cardano-native projects to make this possible.
The collaboration between Cardano Spot and Minswap Labs marks a significant step towards fostering a better understanding of the stablecoin ecosystem within the Cardano community. Minswap and Cardano Spot facilitate comprehensive insights and information to empower users.
After recently being funded by the Catalyst grants program for the Minswap Labs Stableswap proposal, Minswap Labs and Cardano will collaborate on an education campaign to raise awareness on the importance of stablecoins and a Stableswap.
“Cardano Spot aims to provide trust, transparency, and accurate information about the Cardano ecosystem. Minswap Labs, as the company behind the leading DEX, is a prominent partner in achieving our objectives for our users and the overall Web3 industry.” stated Sebastian Zilliacus, Managing Director of Cardano Spot.
“We are very excited to collaborate with Cardano Spot, which has proven to be one of the most trustworthy media companies on Cardano. We hope to collaborate in an Education campaign to raise awareness around Stablecoins on Cardano and how an open-source Stableswap can take them a step forward.”, said Long Nguyen, Lead Engineer at Minswap Labs.
Minswap Labs is currently developing its own Stableswap, an Automated Market Maker (AMM), designed to provide seamless and efficient stablecoins trading. This partnership intends to raise awareness about innovative stablecoin products like Stableswap and their role in enhancing the utility and liquidity of stablecoins.
We will jointly organize events and curate engaging content to educate the community about various stablecoins and the potential of Stableswaps. We hope to work with the stablecoin projects and push the ecosystem forward. Along with this, we will release a detailed report about the history, performance, and future of Minswap.
Stay tuned for upcoming X spaces, explainer threads, articles, reports, and initiatives to talk about stablecoins on Cardano.
About Cardano Spot
Cardano Spot by EMURGO is the leading social networking platform developed with the Cardano community at its core. It is a home for Cardano enthusiasts, where users can stay updated with the ecosystem. They can also grow through insights into the market and connections with the community.
EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO can leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.
About Minswap Labs
Minswap Labs is the company behind the leading Decentralized Exchange (DEX) built on Cardano that aims to enable the permissionless trading of token pairs. A fee is taken for each swap, which goes to the Liquidity Providers. Anyone can provide liquidity as well. Minswap aims to capitalize on Cardano’s peer-reviewed and secure pillars to realize its potential of financially empowering everyone.
This post was sourced from BeInCrypto