{"id":25506,"date":"2022-08-10T07:59:37","date_gmt":"2022-08-10T07:59:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25506"},"modified":"2022-08-10T07:59:37","modified_gmt":"2022-08-10T07:59:37","slug":"minswap-to-list-min-token-on-cardano-based-lending-and-borrowing-protocol-aada-finance","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25506","title":{"rendered":"Minswap to List MIN Token on Cardano-Based Lending and Borrowing Protocol Aada Finance"},"content":{"rendered":"


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\"Follow-Us-On-Google-News\"\"Follow-Us-On-Google-News\"<\/a><\/div>\n

Following Minswap\u2019s recent success, the team wants its native token listed on Aada Finance.<\/span><\/strong><\/p>\n

With Minswap becoming the most valuable decentralized exchange on Cardano,\u00a0<\/span>a proposal has been made by the team<\/span><\/a>\u00a0to list its native governance token on the Aada Finance V1 platform.\u00a0<\/span><\/p>\n

The proposal was created yesterday for the purpose of listing Min Token (MIN) as an asset for borrowing on the leading Cardano-based lending and borrowing protocol, Aada Finance.\u00a0<\/span><\/p>\n

Minswap Features and Success<\/span><\/strong><\/p>\n

Min token is the native cryptocurrency of Cardano\u2019s decentralized exchange Minswap. The decentralized exchange is community-driven, offering users the ability to swap, provide liquidity, as well as yield farming.\u00a0<\/span><\/p>\n

It is worth noting that Minswap has the most liquid AADA\/ADA pool among all other Cardano decentralized exchanges. Furthermore, Minswap currently has one of the most traded liquidity pools on Cardano network with its own native token pair MIN\/ADA.\u00a0 \u00a0\u00a0<\/span><\/p>\n

Interestingly, the platform recently attracted ADA investors\u2019 attention after it became\u00a0<\/span>Cardano\u2019s most valuable decentralized exchange<\/span><\/a>, with a total value locked (TVL) of $48.59 million.\u00a0\u00a0<\/span><\/p>\n

\u201cAs such, we would like to propose the addition of the $MIN token in Aada V1 as an asset for borrowing,\u201d the proposal reads.\u00a0<\/span><\/p>\n

According to the Minswap team, the project has never been a recipient of venture capitalists\u2019 (VC) funding, which has contributed in making MIN tokens\u2019 distribution to be fair.\u00a0<\/span><\/p>\n

Notably, adding MIN to Aada Finance will be beneficial to the lending and borrowing platform given that the asset class is the most traded token in the Cardano ecosystem.\u00a0<\/span><\/p>\n

MIN Tokenomics<\/span><\/strong><\/p>\n

Additionally, MIN has promising future prospects in terms of fee sharing and governance. The cryptocurrency has a total supply of 5 billion, with a huge portion of the tokens dedicated to the community.\u00a0<\/span><\/p>\n

According to MIN tokenomics, 70% of its total supply is allocated to yield farmers, 10% is reserved for the core team, 10% is distributed to the development team, while 6%, 2.5%, and 1.5% are reserved for DAO Treasury, Fiso Airdrop, and partnerships, respectively.\u00a0\u00a0<\/span><\/p>\n

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– Advertisement – Following Minswap\u2019s recent success, the team wants its native token listed on Aada Finance. With Minswap becoming the most valuable decentralized exchange on Cardano,\u00a0a proposal has been made by the team\u00a0to list its native governance token on the Aada Finance V1 platform.\u00a0 The proposal was created yesterday for the purpose of listing […]<\/p>\n","protected":false},"author":1,"featured_media":25507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[10051,10355,3516,28,1213,706,8423,3763,1233,452],"class_list":["post-25506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-aada","tag-borrowing","tag-cardanobased","tag-finance","tag-lending","tag-list","tag-min","tag-minswap","tag-protocol","tag-token"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/cardano-ada-2.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25506"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25506\/revisions"}],"predecessor-version":[{"id":25508,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25506\/revisions\/25508"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25507"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25506"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}