Overview
Minswap is a place to swap one Cardano token for another, earn rewards by helping the marketplace run, and discover new tokens as they launch. People connect a Cardano wallet, pick the tokens they want to trade, and confirm the swap from the same screen. It is run by Minswap Labs and is one of the most-used trading apps on Cardano1.
Minswap sits inside a wider DEXs landscape on Cardano. The MIN token, which gives holders a say in how Minswap evolves, was given out to the community through open sales instead of private investor rounds1.
Key Features
- Better prices in one tap. When you trade, Minswap can check its own pools and other Cardano marketplaces at the same time, then route your swap through whichever combination gives you the most tokens back1.
- Set the price you want. Beyond a quick swap, you can place an order that only fills at a price you choose, or that protects you from a sudden drop. The marketplace watches for those conditions and executes the trade for you2.
- Earn ADA by holding MIN. Lock up MIN tokens and you collect a share of the fees that flow through Minswap, paid in ADA1.
- A vote on how Minswap runs. MIN holders can propose and vote on changes (fees, rewards, treasury spending) through the Minswap forum and on-chain votes1.
- Independently checked code. Minswap has been reviewed by outside security firms CertiK, Anastasia Labs, and Tweag, and the reports are public34.
What to Expect
For everyday traders, the flow is simple: connect a Cardano wallet like Lace, Eternl, Yoroi, or the built-in MinWallet, pick two tokens, and swap. The site also has tabs for putting money into a pool to earn fees, joining farming campaigns for extra rewards, staking MIN, and browsing new tokens through a launch venue called LaunchBowl1.
Trades on Minswap take a few seconds longer than on most apps because Cardano groups orders together before settling them. A small handling fee is added on top of the network fee and the swap fee, but you see all of it before you confirm2.
If you prefer your phone, Minswap has self-custody wallet apps for iPhone and Android that wrap the full marketplace. The site is also translated into more than a dozen languages. Dashboards on the homepage let anyone see how each pool is performing, what is in the community treasury, and how individual tokens are trading.
