The developers of MuesliSwap, a decentralized exchange built on the Cardano, have chosen to reimburse users who experienced significant slippage issues throughout the past year.
In an announcement on August 8th, the MuesliSwap team stressed their commitment to refund users who faced significant slippage issues on the platform’s pools. They acknowledged their lapse in adequately clarifying the slippage feature within their protocol.
Recognizing that the term “slippage” has led to confusion among news users, the team “sincerely regret not making this more clear and are dedicated to rectifying the situation.”
In addition, the MuessliSwap team revealed that users have been experiencing elevated slippage over the past 12 months due to the configuration of the decentralized matchmaker.
The team elaborated that the exchange’s matchmaker setup enables “each matchmaker to fill the limit order and choose whether to return the additional slippage amount or retain the difference at their discretion.”
Recognizing the oversight in providing sufficient clarity regarding the slippage feature, the team swiftly took steps to address the slippage problem within the “MusesliSwap order book.”
Instances of slippage concerns across the various Cardano DEXs have been brought to light by the users.
Last week, a trader highlighted the issue: “Completing a LARGE trade on any CARDANO DEX is subject to HUGE slippage which diminishes trader’s value by a large percentage.”
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