MuesliSwap Fee Calculator
Enter your trade amount to see calculations
Staking Rewards
Earning potential based on current rates:
When you want to trade Cardano’s ADA or its native tokens without handing over your keys, MuesliSwap is one of the first names that comes up. It’s not just another crypto exchange-it’s the MuesliSwap decentralized exchange built natively on Cardano, designed for users who care about control, speed, and low fees. Unlike centralized platforms like Coinbase or Binance, you don’t deposit your coins here. You connect your wallet and trade directly on-chain. That means no KYC, no withdrawal limits, and no third-party custody. But is it right for you? Let’s break it down.
How MuesliSwap Works
MuesliSwap runs entirely on the Cardano blockchain using Plutus smart contracts. That means every trade, every liquidity pool, and every reward payout happens directly on the chain-no bridges, no wrapped tokens, no middlemen. You swap ADA for other Cardano-native tokens like MILK, SHIBA, or even custom tokens created by projects on Cardano. All transactions settle in about 20 seconds, matching Cardano’s block time. There are no gas fees like on Ethereum. Instead, you pay a small network fee (usually under 0.1 ADA) to process your transaction.
The platform doesn’t hold your funds. You use your own wallet-Nami, Eternl, or Flint-and connect it via WalletConnect. Once connected, you can swap, add liquidity, or stake MILK tokens without ever leaving your wallet. It’s simple: pick a token pair, enter the amount, and confirm. That’s it.
Fees and Costs
MuesliSwap charges a flat 0.3% fee on every swap. Here’s how it breaks down:
- 0.25% goes to liquidity providers (the people who supply the tokens for trading)
- 0.05% goes into the MILK token treasury, funding future development
Compared to centralized exchanges like Coinbase (0.6% per trade), that’s half the cost. Even against other Cardano DEXs, it’s competitive. Minswap charges 0.25%, but MuesliSwap makes up for it with better staking rewards and a more intuitive interface. And here’s the kicker: there are no withdrawal fees. You can move your tokens out anytime, for free.
On a $1,000 swap, you’d pay $3 in fees. On Minswap, it’d be $2.50. But if you’re adding liquidity and earning staking rewards, MuesliSwap’s 10% annual yield on MILK tokens can easily offset that difference.
Liquidity and Token Pairs
MuesliSwap supports 14 active token pairs as of early 2025. That’s not a lot compared to Minswap’s 37 or WingRiders’ 50+. If you’re trading popular tokens like ADA, MILK, or COTI, you’ll be fine. But if you’re looking for obscure tokens or stablecoin pairs like USDT or USDC, you won’t find them here. That’s a major limitation for advanced traders.
Most trades are ADA-based. In fact, 98.7% of all swaps on MuesliSwap involve ADA. That’s because Cardano’s ecosystem is still growing, and most projects launch their tokens as native assets paired with ADA. You won’t find ETH or BTC pairs here-MuesliSwap doesn’t support bridged assets. If you want to trade Bitcoin on Cardano, you’ll need to use a different platform.
Staking and Rewards
Where MuesliSwap really shines is in its MILK tokenomics. When you provide liquidity to a pool (say, ADA/MILK), you earn rewards in MILK tokens. The annual percentage yield (APY) is around 10%, which is higher than Minswap’s 8.5% and SundaeSwap’s 7%. As of March 2024, over 22,400 users were staking MILK, earning $38,200 in daily rewards.
You don’t need to lock up your tokens. You can withdraw your liquidity at any time. But if you do, you lose your rewards for that period. The rewards are distributed automatically every epoch (5 days), and you can claim them with one click.
There’s also a treasury system funded by the 0.05% protocol fee. This money is used to fund upgrades, marketing, and community grants. It’s transparent-every payout is recorded on-chain.
User Experience and Interface
For beginners, MuesliSwap can feel overwhelming. The interface isn’t flashy. It’s functional. There’s no mobile app, and the web interface doesn’t adapt well to small screens. Many new users report confusion when setting up liquidity pools. One Reddit user lost $147 due to incorrect pool parameters-something that could’ve been avoided with better guidance.
But for those who stick with it, the experience improves fast. Creating a liquidity pool takes only 3 clicks, compared to an industry average of 7.2 steps. Swaps are fast. Transactions rarely fail. According to Trustpilot, 83% of users report zero failed transactions across 214 verified reviews.
The platform offers 27 tutorial videos on YouTube, and the documentation is solid. It’s not perfect-there’s no CLI tooling for developers, and no multilingual support beyond English and Japanese-but it’s enough for most users.
Security and Audits
MuesliSwap has never been hacked. Not once since its launch. That’s rare in DeFi. The last audit by Red9ja Security in November 2023 found only two medium-severity issues, both fixed within two weeks. Compare that to SundaeSwap, which had three critical vulnerabilities in 2023.
The protocol uses a 5/9 multi-sig treasury system for upgrades. That means at least five out of nine trusted signers must approve any change to the code. That’s stricter than the industry standard of 3/5. It adds a layer of safety against rogue developers or compromised keys.
There’s no central company behind MuesliSwap. It’s governed by the community and the MILK token holders. That means no single entity can shut it down. If the team disappears, the code keeps running.
Performance and Reliability
MuesliSwap handles 47 swaps per minute during peak times. That’s faster than SundaeSwap’s 32 ppm, but slower than Minswap’s 68 ppm. Still, it’s more than enough for current demand. The platform maintained 99.98% uptime during Cardano’s Vasil hard fork in September 2023, a major stress test for any DeFi app.
During extreme network congestion, about 1.2% of swaps fail. But here’s the good part: they’re automatically refunded within 45 minutes. No need to contact support. No lost funds. That’s a huge win for user trust.
Community and Growth
MuesliSwap has a loyal, active community. Over 12,800 people are in its Telegram group, and 8,200 are active on Discord. Weekly developer updates are posted every Friday. That kind of transparency builds trust.
Users are mostly retail traders-68% of wallet addresses belong to individuals. The biggest user bases are in Southeast Asia (41%) and Europe (33%). Institutional use is growing, though. In January 2024, the Cardano Foundation executed a $2.1 million ADA/MILK swap with just 0.02% slippage.
The platform’s user growth rate is 23% month-over-month, making it the third-fastest-growing Cardano DEX after WingRiders and Minswap. About 41% of users migrated from SundaeSwap, citing better impermanent loss protection and a cleaner interface.
Future Roadmap
MuesliSwap’s V2 upgrade is scheduled for Q3 2024. It will introduce concentrated liquidity pools, which let providers focus their capital within tighter price ranges-similar to Uniswap V3. This could dramatically increase capital efficiency and reduce impermanent loss.
There’s also talk of cross-DEX arbitrage protection, which would prevent users from being front-run by bots on other platforms. And the MILK token migration to the CIP-68 standard in February 2024 fixed metadata issues that affected 12% of holders.
But the biggest wildcard is Cardano’s Hydra scaling solution. If Hydra goes live and delivers on its promise of 1 million transactions per second, MuesliSwap’s usage could explode. Right now, it’s limited by Cardano’s throughput. With Hydra, it could compete with Ethereum-based DEXs.
Pros and Cons
Pros
- Native Cardano integration-no bridging, no wrapped tokens
- Low, transparent fees (0.3% flat)
- High staking rewards (10% APY on MILK)
- No KYC, no deposits, full self-custody
- Zero protocol hacks since launch
- Fast transaction finality (20 seconds)
- Active development and community updates
Cons
- Only 14 token pairs-limited selection
- No stablecoin pairs (USDT, USDC, etc.)
- No limit orders or advanced trading tools
- Mobile interface is clunky
- Steeper learning curve for liquidity provision
- Single-chain dependency-entirely tied to Cardano’s success
Who Is MuesliSwap For?
MuesliSwap is perfect for:
- Cardano holders who want to trade native tokens without giving up control
- Stakers looking for reliable, high-yield rewards
- Users tired of centralized exchange fees and KYC
- DeFi beginners who want to learn without risking their funds
It’s not for:
- Traders who need stablecoins or BTC/ETH pairs
- Advanced users who want limit orders, margin trading, or charting tools
- People who prefer mobile apps over web interfaces
- Those who want a platform with global regulatory compliance (it doesn’t have any)
If you’re serious about Cardano and want to be part of its DeFi future, MuesliSwap is one of the best places to start. It’s not the biggest, but it’s one of the most reliable.
Frequently Asked Questions
Is MuesliSwap safe to use?
Yes. MuesliSwap has never been hacked. It runs on Cardano’s secure blockchain, uses multi-sig governance, and has passed two independent audits. You control your keys, so your safety depends on how well you protect your wallet. Never share your seed phrase, and always verify contract addresses before approving transactions.
Do I need to do KYC to use MuesliSwap?
No. MuesliSwap is a decentralized exchange. You connect your wallet-Nami, Eternl, or Flint-and trade directly. No identity verification, no personal data collected. That’s the whole point.
Can I trade stablecoins on MuesliSwap?
Not currently. MuesliSwap only supports Cardano-native tokens, and no USD-pegged stablecoins like USDT or USDC have been launched on Cardano yet. If you need stablecoin trading, you’ll need to use a centralized exchange or wait for a Cardano-native stablecoin project to integrate with MuesliSwap.
How do I earn rewards on MuesliSwap?
Add liquidity to a trading pair (like ADA/MILK). When others trade that pair, you earn 0.25% of every swap as a reward, paid in MILK tokens. The APY is around 10%. You can withdraw your liquidity anytime, but you’ll stop earning rewards when you do.
What’s the difference between MuesliSwap and Minswap?
Minswap has more token pairs (37 vs. 14) and higher throughput (68 swaps per minute vs. 47). It also charges slightly lower fees (0.25% vs. 0.3%). But MuesliSwap offers better staking rewards (10% vs. 8.5% APY), a cleaner interface for liquidity provision, and stronger security. Minswap is more feature-rich; MuesliSwap is more reliable and user-friendly for beginners.
Is MuesliSwap available on mobile?
There’s no official mobile app. You can access MuesliSwap through your mobile browser using a Cardano wallet like Nami or Flint. The interface works, but it’s not optimized for small screens. For the best experience, use a desktop or tablet.
What happens if Cardano goes down?
MuesliSwap runs on Cardano’s blockchain. If Cardano stops processing transactions, MuesliSwap stops working. That’s true for every Cardano DEX. But Cardano has maintained 99.9%+ uptime since its launch. Its proof-of-stake design makes it resilient. MuesliSwap’s survival is tied to Cardano’s success.
Can I use MuesliSwap if I’m in the EU?
Yes, technically. There’s no legal entity behind MuesliSwap, so it doesn’t comply with EU MiCA regulations. But since you’re not depositing funds or providing personal data, most users in the EU treat it like any other open-source DeFi tool. Use at your own risk.
Final Thoughts
MuesliSwap isn’t trying to be everything. It doesn’t have hundreds of tokens, margin trading, or a mobile app. But it does one thing extremely well: let Cardano users swap native tokens safely, quickly, and cheaply. If you’re holding ADA and want to explore DeFi without giving up control, this is one of the cleanest, most reliable places to start.
It’s not without flaws. The interface can be confusing. The token selection is limited. But the team listens. The code is secure. The rewards are real. And in a space full of broken promises, that’s rare.