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Run by SundaeSwap Labs, SundaeSwap is a novel decentralized exchange (DEX) protocol soon to be launching on the Cardano blockchain. Hoping to catch the wave of adoption Cardano is anticipating with the Goguen launch, SundaeSwap Labs aims to offer a suite of peer-to-peer decentralized trading tools catering to everyday traders. Its primary project, SundaeSwap, brings a familiar automated market maker (AMM) trading experience. Under the hood of the project, SundaeSwap implements a novel eUTXO model, or “Extended unspent transaction output” model. Operating in conjunction with the accounting model is the multi-utility SUNDAE token. Additionally, SundaeSwap incorporates three other tokens within its tokenomic structure.

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