1st ADA DEX just launched.

Disclaimer: My piggy bank is 28% ADA.

I am of the opinion that one of the legitimacy ADA currently lacks is a prolific DEX and the current Haskell barrier. I like Haskell (Yes, it has a learning barrier but I'm of the opinion of security >>> ease of use), their scientific approach and as long as there is regular progress, I'll still be in.

Now, the very first DEX on Cardano just launched: MuesliSwap. You can tell, as an ADA hodler, I was ecstatic to find out because I was expecting SundaeSwap to be the first. So I started digging and was met with some red flags. I'm just here to provide you some info from Cardano sub.

Is MuesliSwap legit or not? Excerpts from the link if you do not wish to click it:

An Avatar for team pics.

Sketchy GitHub

System they use to overcome concurrency issue is "match-making bot"???

Bad tokenomics

DYOR. You have been warned! I myself is excited but will be looking out for more info to see if I should be using it or not.

TLDR: 1st ADA DEX just launched. There are some bad air around it. DYOR before using it.