MuesliSwap
First DEX on Cardano mainnet — hybrid order book + AMM model
What is MuesliSwap?
MuesliSwap holds the distinction of being the first DEX to launch on Cardano mainnet. It pioneered a hybrid model combining an on-chain order book with AMM pools, offering traders more control over execution price compared to pure AMM models.
Key Features
Hybrid Order Book + AMM
Traders can place limit orders at specific prices using the order book, or trade immediately at market price via AMM pools — the best of both worlds.
On-chain Order Book
MuesliSwap's order book is fully on-chain, ensuring transparency and trustlessness. All orders are visible and verifiable on the Cardano blockchain.
MILK Token
MILK is MuesliSwap's native token used for governance, staking rewards, and fee discounts on the platform.
Cross-DEX Routing
MuesliSwap can route trades across multiple liquidity sources to find the best execution price for users.
How to Use MuesliSwap
- 1
Connect your Cardano wallet at muesliswap.com
- 2
Choose between Market Order (instant, AMM) or Limit Order (set your price)
- 3
Select the token pair and enter the amount
- 4
For limit orders, set your desired price — the order fills when market reaches it
- 5
Confirm and sign the transaction with your wallet
Frequently Asked Questions
What makes MuesliSwap different from other DEXes?
MuesliSwap was the first Cardano DEX and pioneered the hybrid order book + AMM model. This gives traders the option to place limit orders — something pure AMM DEXes don't offer.
What is a limit order on a DEX?
A limit order lets you specify the exact price at which you want to buy or sell a token. Your order sits on-chain until the market price matches your target, then executes automatically.
What is MILK token?
MILK is MuesliSwap's governance and utility token. Holders can vote on protocol changes and earn fee discounts and staking rewards.
Is MuesliSwap safe?
MuesliSwap has been live on Cardano mainnet since late 2021, making it one of the longest-running DEXes on the network. Its smart contracts have been reviewed and it has a strong track record.