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The MuesliSwap team plans to give back money to users who lost funds because the DEX’s matching system caused big price changes.

The people in charge of MuesliSwap, a type of exchange using Cardano, have decided to give money back to users who faced high slippage issues in the past year.

They admitted that they didn’t explain the slippage feature in their system clearly enough.

Slippage means the difference in price when you try to do a transaction and when it actually happens on the blockchain.

Because of the way MuesliSwap was built, users were facing high slippage for a year.

MuesliSwap to Repay Users for Slippage and Fix Issue

MuesliSwap, the Cardano-based exchange, had a system where matchmakers connect buyers and sellers. These matchmakers could complete the order and either give back extra money from the slippage or keep it, which created confusion.

To fix this, MuesliSwap will use their own money to repay users who faced high slippage in the last year. They’ve also quickly worked to solve the slippage problem in their system.

Users Complain About Slippage on Cardano Exchanges

People have been talking about having problems with slippage on all Cardano decentralized exchanges (DEXs). On August 4th, a trader said that making a big trade on any Cardano DEX causes a big slippage, which reduces the value for traders a lot.

They said MuesliSwap was planning to create a DEX aggregator. This would help split big trades to limit the losses from slippage.

MuesliSwap is the fifth biggest thing on Cardano, with $17.3 million locked in it, as per DeFiLlama. But its value has gone down 27% since the start of this month and is 68% lower than its best point in April 2022.

In December, MuesliSwap made an “organic APR” feature. This increased the number of tokens given out as more people added their money into pools. It was a way to encourage people to put in more money.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Blockchain #Cardano #CardanoADA #muesliswap

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User @SmaugPool, who identifies as a Cardano builder and developer, has introduced a proposal to reduce the current Cardano treasury tax from 20% to its initial rate of 5%. The proposal’s fate lies in the hands of the Cardano community, pending a vote. Currently, the effective treasury tax hovers at nearly 33%.

According to the developer’s estimates, the treasury accumulates approximately 30 million ADA per month, leading to a total of approximately 1.39 billion ADA as of November 7th.

ADA in Cardano Treasury | Source: Smaug Pool on X
Cardano Treasury: Funding Ecosystem and Community Projects
The Cardano treasury serves as a critical funding source for the development and maintenance of the wider Cardano ecosystem, while also supporting community-driven initiatives through programs like Project Catalyst. Overseeing the treasury is the Cardano Foundation, a non-profit entity.
In late October, Earn Coin Pool, a stake pool operator (SPO) within the Cardano network, put forth a Protocol Change Proposal (PCP) to reduce the treasury rate by 25%, bringing it down to 5%. PCPs allow for the adjustment of various Cardano network parameters, including the treasury rate, but they require approval due to the blockchain’s public nature.
The primary objective of this PCP is to lower the treasury tax rate to 5% or potentially even lower. Simultaneously, the proposal aims to gain insight into the factors influencing the “tau” parameter and the frequency of its adjustments.
This proposal could incentivize more SPOs to participate. Cardano, a proof-of-stake blockchain, relies on SPOs to validate and secure the network.
Stake Pool Operators and Cardano’s Treasury
Stake Pool Operators (SPOs) play a pivotal role by utilizing specialized software to validate transactions and append them to the blockchain. They are rewarded for their efforts in ADA, which can come from the pool’s fixed fee, typically set at 340 ADA, and an additional variable fee representing a percentage of the block rewards the pool earns.
With more than 3,100 SPOs in the Cardano network, they are randomly assigned to validate transaction blocks and receive corresponding block rewards. Notably, Cardano’s inclusive nature allows anyone to become an SPO, as there are no stringent minimum stake requirements.
Currently, the Cardano treasury tax stands at 20%, channeling 20% of transaction fees into the treasury, while the remaining 80% is distributed among SPOs involved in transaction validation during a given epoch.
As of Epoch 446, the Cardano treasury holds over 1.39 billion ADA, and this number continues to grow as the network processes additional transactions. From Epoch 431 to 443, the treasury consistently added 5 million ADA each epoch.

Source: ADAUSDT on Binance, TradingView
At the time of writing, ADA remains sturdy, trading near its July 2023 highs but below the $0.40 mark. While the uptrend persists, the true impact of a potential reduction in the treasury rate, pending community approval, on ADA’s demand and on-chain transactions remains to be seen.
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#Bitcoin #CryptoNews #Cardano #CardanoADA #ADA

Today’s crypto market shows a mixed picture for top cryptocurrencies. Bitcoin’s price remained stable, while Ethereum (ETH), XRP, and Cardano (ADA) saw gains.
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Cryptocurrency prices saw some ups and downs today. Bitcoin (BTC) held steady above $52,000, showing little movement. However, Ethereum (ETH) continued its upward trend, breaking past the $2,800 mark for the first time in two years. Alongside Ethereum, other major altcoins like XRP and Cardano (ADA) also experienced notable gains during this period.

Bitcoin Holds Above $52,000 Mark
Bitcoin’s price maintained its position above the $52,000 level, a milestone achieved after two years. However, at the time of writing on Friday, February 16, the Bitcoin price saw a slight decrease of 0.04%, settling at $52,261.91. Despite this, its trading volume experienced a notable decline of 17.09% to $35.80 billion over the last 24 hours. Nonetheless, Bitcoin boasted a market cap of $1.02 trillion.
Altcoin Movement
Turning to altcoins, Ethereum (ETH) witnessed a gain of 1.74%, reaching $2,844.20, with a market valuation of $341.79 billion. However, its trading volume dropped by 6.36% to $22.29 billion. Binance Coin (BNB) surged by 5.96%, hitting $361.37 in value, with a remarkable 24-hour trade volume spike of 60.69% to $1.71 billion.
Solana (SOL) traded above $110 despite a pullback, experiencing a 2.85% decrease to settle at $113.41. Additionally, SOL witnessed an 8.89% plunge in trade volume to $2.34 billion in the last 24 hours. On the other hand, XRP surpassed the $0.57 level, recording a gain of 4.36% to settle at $0.577, while its trading volume surged by 26.45% to $1.83 billion.

Meanwhile, Cardano (ADA) observed a hike of 4.81% to $0.6095, accompanied by a 24.19% surge in its 24-hour trading volume, settling at $776.44 million.
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Meme Coin Market Impact
As the top cryptocurrencies showed mixed price actions, meme coins were also affected. Dogecoin (DOGE) witnessed a decline of 0.50% to $0.08644, while its competitor, Shiba Inu (SHIB), registered a 1.09% gain in value, trading at $0.000009961.
Pepe Coin Records Decline
Pepe Coin (PEPE), a prominent meme cryptocurrency, experienced a decline in price today. At the time of reporting, the price of Pepe Coin dropped by 3.77% to $0.000001236. Its market valuation stood at $520.67 million, accompanied by a significant decrease in 24-hour trade volume, plummeting by 38.01% to $140.44 million.
VeChain Emerges as Top Gainer
VeChain (VET) saw a remarkable surge, emerging as the top gainer in today’s cryptocurrency market. The price of VeChain skyrocketed by 31.09% to $0.04949. Additionally, its trade volume experienced a substantial increase, soaring by an astounding 529.36% to $841.09 million. VeChain continued to achieve new highs amid the ongoing rally.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#XRP #CardanoADA #PEPE #Bitcoin‬ #Altcoin

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Coinbase CEO, Brian Armstrong, mentioned that the crypto trading platform might have to delist 13 digital tokens, including Cardano (ADA), due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).

The SEC lawsuit claims that these tokens, though only a small fraction of the 240 assets on the platform, are considered unregistered securities. As a result, Coinbase is facing the possibility of removing them from its list of available cryptocurrencies.

In a recent interview with the Financial Times, Coinbase CEO Brian Armstrong discussed the possibility of delisting Cardano (ADA) and other tokens due to the SEC lawsuit. He referred to it as the “worst-case scenario,” but he downplayed its potential impact on the company. Armstrong believes that even if these tokens are delisted, it won’t lead to a significant loss of revenue or an existential crisis for Coinbase.

Regarding the speculation about Coinbase relocating to crypto-friendly countries like Bermuda, Armstrong dismissed the idea. Despite ongoing regulatory scrutiny in the United States, he emphasized that Coinbase has no plans to move its operations elsewhere and is committed to staying in the country.

The SEC lawsuit has posed a significant setback for Coinbase, a vocal supporter of the crypto industry. However, Armstrong’s comments indicate that the company is prepared to navigate through the challenges and continue operating in the U.S., even if it means delisting some of its popular tokens.

Future Prospects for Cardano (ADA) and Other Tokens

The future of ADA and other tokens facing delisting remains uncertain. Despite the possibility of removal from Coinbase, Armstrong’s comments suggest that these tokens might still be tradable on other exchanges.

There’s also a chance that the SEC lawsuit could favor Coinbase, allowing the tokens to stay on the platform. However, it’s too early to predict the final outcome of the case.

For investors holding Cardano (ADA) and other tokens at risk of delisting, it’s essential to be mindful of the potential risks involved. Consulting with a financial advisor can help determine the best course of action during this uncertain period.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA

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Charles Hoskinson, who helped create Cardano, shared about a new website called HoskSaid. This site lets people ask him questions when he does an AMA (Ask Me Anything) session.

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He thinks this is a way to show how much he takes responsibility and cares about the blockchain world. Cardano had a good second quarter with a lot more activity and transactions happening.

Charles Hoskinson’s New AMA Platform, Cardano’s Growth

During a time of excitement about Cardano’s good performance in the second quarter, Charles Hoskinson, one of Cardano’s creators, introduced HoskSaid. This is a website where people can ask him questions directly. He said it’s an example of how much responsibility and care are needed in decentralized communities.

On the platform, you can find information about Hoskinson going back to 2018, like tweets and things he said publicly. He talked about this during a live AMA session, saying people can join and ask him questions. Right now, you can only join with specific credentials.

Hoskinson mentioned that during his AMA sessions, he will choose questions from this platform and answer them along with the live ones. He thinks this platform shows how a decentralized community can work on its own and be accountable. He also said this kind of accountability is what blockchain and web3 are all about, and it would be good if politicians did the same.

A report from Messari said that Cardano’s blockchain grew a lot in the second quarter. It had more transactions happening, showing that more people were using it. This growth is also because of improvements made since the beginning of the year.

However, Cardano had a bit fewer users in the quarter. But it’s important to note that Cardano’s blockchain could handle more work than before, with a 49% increase in workload compared to before.

Looking at the data, Cardano’s token (ADA) had some small drops in value this month. In the past week, it went down by 0.57%, and in the last 24 hours, it went down by 0.29%. Right now, it’s worth around $0.2896.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA

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ADA’s Total Value Locked (TVL) reaching new highs is seen as a very positive sign by Dan Gambardello, a trader. In the last 24 hours, ADA’s price decreased by 0.45%, bringing it down to $0.2892. Looking at the technical side, ADA is still trading below the 9-day EMA line at the moment.

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Cardano’s (ADA) Total Value Locked (TVL) has hit a new record high, as tweeted by prominent ADA supporter and trader Dan Gambardello. The tweet highlighted that Cardano’s TVL has reached 616 million ADA, a notable milestone for the cryptocurrency.

Gambardello, who is a big supporter of ADA, said he’s really excited about ADA’s high TVL. He believes it’s a very good sign for the cryptocurrency. But even with this excitement, the price of ADA didn’t go up a lot. In the last day, ADA’s price dropped by 0.45%, which means it was worth about $0.2892.

At the time of the news, ADA’s price was closer to its lowest price of the day, which was $0.2885, rather than its highest, which was $0.2921. Also, the amount of ADA being traded in one day went down by more than 16%, and that was about $122,846,630.

Even though people were excited about ADA’s TVL going up, its performance over the week wasn’t great. Its price dropped, and over the week, it was down by 1.10%. ADA’s total value, which is like all its money together, was about $10,131,822,627. This made ADA the 9th biggest cryptocurrency, right between Solana (SOL) in 8th place and Tron (TRX) in 10th.

Also Read:   SEC Delays Spot Bitcoin ETF Decision - Speculation Continues

Daily chart for ADA/USDT (Source: TradingView)

ADA Price Predictions: Short-Term Trends

Looking at the technical side, ADA is still trading below a line called 9-day EMA at the moment. Also, lines like 9, 20, and 50 EMA on ADA’s daily chart suggest that for the next day or two, it might still be a time when people who want to sell have more influence. This could lead to ADA’s price going down in the next 24 to 48 hours.

If this happens, ADA’s price might test a support level at $0.2760 over the next days. If it goes below this level, it could fall to $0.2585 if selling continues. But if the price can go above the 9-day EMA line at about $0.2931 in the next 48 hours, then this prediction might not be right.

In that case, ADA’s price could try to turn the $0.2995 level into support in the following days. This might open up the way for ADA’s price to rise to $0.3210 after going past $0.2995.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA

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Expert Dan Gambardello predicts that Cardano’s ADA might reach $10 in the next two years, generating excitement in the market.

Despite ADA’s current small decrease to $0.29, Gambardello’s bold prediction sparks discussions about the future of cryptocurrencies.

This highlights how cryptocurrencies’ path is unpredictable, combining potential profits with market changes and instability.

Renowned cryptocurrency expert Dan Gambardello, also known as @cryptorecruitr on Twitter, has caught the attention of the crypto community with exciting insights about Cardano. His thoughts on Cardano’s future possibilities have stirred up excitement and thoughts among investors in the market.

Expert’s Projection and Community Debate on Cardano’s Future

The well-known analyst Dan Gambardello, also known as @cryptorecruitr, has highlighted Cardano’s promising trajectory, sparking discussions within the cryptocurrency community about the potential for substantial long-term growth. Despite the excitement, reaching $10 by 2025 from the current price of around $0.29 would necessitate an over 3,400% increase.

Cardano’s Relative Strength Index (RSI) stands at 43.96, indicating a neutral zone. The Moving Average Convergence Divergence (MACD) configuration, including the 12-day and 26-day exponential moving averages (EMAs), reveals values of -0.001081 and the signal line (9-day EMA of MACD) at -0.003258.

Cardano has gained recognition for its emphasis on sustainability, scalability, and transparency in the competitive crypto market. Its unique blockchain approach and collaborations with academic institutions have set it apart. However, achieving a significant jump to $10 would rely on factors beyond technology, such as broader adoption and market sentiment.

The Ups and Downs of Crypto Predictions:

In the unpredictable realm of cryptocurrencies, Dan Gambardello’s forecast offers a glimpse into the potential gains and risks that come with digital investments. Going from a fraction of a dollar to $10 involves navigating uncertainties, regulations, and unexpected market shifts. This dynamic is emblematic of the crypto world – a constantly changing landscape where fortunes can change in an instant.

Final Thoughts:

Gambardello’s bold prediction about Cardano’s rise to $10 in two years adds excitement to the cryptocurrency sphere. Although ADA’s current value is modest, the future Gambardello envisions could reshape the landscape, testing the crypto community’s endurance and belief.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Web3 #Blockchain #ADA #CardanoADA #Cardano

Charles Hoskinson, the founder of Cardano, initiated a significant discussion on the X platform after being questioned about why he does not have a public wallet address, unlike Ethereum’s founder Vitalik Buterin.

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A user raised the question, highlighting an apparent inconsistency between the two founders’ approaches. The user pointed out that Vitalik Buterin, the founder of Ethereum and a subject of discussion among the Cardano community, has a public wallet address, while Cardano’s founder does not.

Hoskinson responded to the query, clarifying that his decision to not have a public address is driven by security considerations. Having a public address could expose him to transactions from sanctioned nations and wallets, leading to potential blacklisting of his account.

He pointed out the risk of unauthorized transactions coming from nations under sanctions or from wallets like tornado cash, which could have serious implications for his account.

Furthermore, Hoskinson emphasized that his approach aligns with the concept of contingent settlement, further validating his stance on the matter.

Hoskinson’s explanation triggered a lively discussion among the community, with several follow-up questions being raised. One member questioned whether Hoskinson’s viewpoint hinted at promoting contingent transactions on Cardano, potentially suggesting a departure from the traditional permissionless nature of blockchains.

In defense of Hoskinson, another user stepped in, challenging the allegation and urging the skeptic to carefully interpret Hoskinson’s explanation. They emphasized that he had not explicitly endorsed any changes related to “contingent transactions.” Moreover, they stressed that the blockchain’s open, permissionless, and free nature allows Hoskinson the freedom to manage his interactions as he deems appropriate.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA $ADA