Today we are pleased to share with you a major business development milestone for SundaeSwap on our journey toward launching the Cardano blockchain’s first decentralized exchange.
We are pleased to announce that SundaeSwap has entered into a partnership agreement with Cardano project accelerator CardStarter. This agreement will help us develop the SundaeSwap DEX in a number of ways, including by assuring that CardStarter will contribute liquidity to SundaeSwap on day one of the DEX launch. With this partnership, we expect to launch the DEX with both the largest community and the most Total Value Locked (TVL) of any Cardano DEX at the time of the Alonzo hard fork.
For those unfamiliar with CardStarter, it is the first and largest insured accelerator for projects launching on the Cardano blockchain. CardStarter supports new and innovative companies, helping connect them with legal, technical, and financial services, as well as allowing accredited investors to get involved, and currently has $57,000,000 in TVL. A key part of the CardStarter strategy is a decentralized exchange where it can efficiently trade these new tokens for very low transaction fees; their choice of the SundaeSwap smart contract-enabled Cardano DEX is a welcome validation of the SundaeSwap project.
For more details about of this important and synergistic partnership. It simply made perfect sense for both CardStarter and SundaeSwap to join forces. We think you’ll agree. You can find more details about the agreement please click here https://cointelegraph.com/press-releases/cardstarter-joins-sundaeswap-to-bootstrap-major-cardano-dex-launch.
Disclaimer: SundaeSwap is NOT launching through the Cardstarter launchpad, Cardstarter is migrating TVL from projects pushed through their launchpad to SundaeSwap’s DEX when it launches. SundaeSwap is still working through the ISO and will be making a statement on how the ISO will move forward.