Flano Swap Potentially The First to Lead DeFi on Cardano

Flano Swap is a decentralized application (Dapp) that provides:

1. automated market maker (AMM) decentralized exchange (DEX) with yield farming
2. project launchpad
3. non-fungible token (NFT) marketplace
4. maybe more in the future

on the Cardano (ADA) ecosystem. I am sorry to say that Cardano’s development is very slow compared to other decentralized finance (DeFi) ecosystem but that is because Cardano really tries to consider everything that includes regulation and security built using Haskell code, and at the same time scalability and privacy for the individual users. Cardano even started from a peer-reviewed academic research and the team are highly respected researchers and scientist in the academic background which is very unique compared to most projects. Still, Cardano is completely open source and patent-free.

Will History Repeats Itself?

With Alonzo hard fork on September 12, Cardano’s smart contract is finally live on mainnet. If Flano Swap executes this well, it will be the first AMM DEX with yield farming on Cardano blockchain just like Uniswap on Ethereum. The question is, will Flano Swap repeats itself like Pancake Swap? In my opinion, history cannot be repeated in the same way. back then there are no cheap AMM DEX yield farming where on Uniswap I remembered on average $50 per transaction. Finally Pancake Swap came with $0.1 per transaction and lower class investors can participate which was one of the reason of the bull market. Today, there are many DEXs alone in Binance Smart Chain, and many other ecosystems. Therefore, cheap and fast transaction can logically be not the reason for Cardano’s Flan Swap to start a new trend.

However, history can repeat in a different way. The hype can be huge on Flan Swap not because of cheap and fast transaction but because of Cardano. Cardano that is very late…