Overview
SundaeSwap is a Cardano trading app where people swap one token for another, earn fees by placing tokens into shared pools, and grow those earnings further by joining farming campaigns. The trading site lives at app.sundae.fi, and the parent company, Sundae Labs, has its main page at sundae.fi1.
The newer version of SundaeSwap added two things people often ask for. The first is a set of pools tuned for trading dollar-style tokens with very little price movement. The second is Sundae Strategies, a section where users can set rules that trade for them in the background. SundaeSwap has its own community token, SUNDAE, used to vote on changes to the platform through an on-chain governance portal2.
Key Features
- A wide marketplace with stablecoin pools. SundaeSwap supports swaps between most Cardano tokens, plus dedicated pools for dollar-style tokens like DJED, USDA, and USDM where the price barely moves during a trade3.
- Set-and-forget trading. Sundae Strategies lets people pick rules built by the community (buy a little every day, grid trading, trailing stops) and let the app run them automatically4.
- Independently checked code. SundaeSwap's main trading code has been reviewed by the security firm Runtime Verification using mathematical proof methods, and the full report is published openly56.
- A community vote. SUNDAE token holders can vote on changes to the platform through a public portal and forum. Total supply is capped at two billion tokens2.
- A broader Cardano toolkit. Sundae Labs builds more than the DEX, including Sundae Rewards for handing out tokens, Sundae Governance for other projects, and the Gummiworm scaling layer that helps Cardano process trades faster7.
What to Expect
Getting started means connecting a Cardano wallet such as Lace, Eternl, or Nami to the app. From there you can swap any listed pair, put two tokens into a pool to earn a share of trading fees, or stake your pool position to earn extra rewards through farming.
Trades on Cardano (and on every Cardano marketplace) work a little differently from those on most other chains. The network groups orders together before settling them, so trades typically clear within a few seconds rather than the millisecond timing of a traditional order-book exchange. SundaeSwap calls its order-handling layer the "scooper."
Stablecoin pools soften that effect for dollar-style tokens, and Sundae Strategies has tools for people who want more active control. To vote, you need to hold SUNDAE tokens and submit through the governance portal or forum.
Sundae Labs also works with Cardano Foundation, NMKR, NEWM, Liqwid Finance, and Indigo Protocol, and contributes to shared Cardano tools such as the Amaru node software. That makes SundaeSwap both a place to trade and a window into wider Cardano development7.
