What is MeowSwap?

MeowSwap is a decentralized exchange (DEX) that will provide Cardano users with the ability to liquidity mine pools, as well as trade tokens directly on the Cardano blockchain and more. It is a Layer 2 (L2) decentralized exchange live on Cardano network that uses Layer 1 (L1) for secure storage of assets whilst taking away the computational load from the L1 network. It’s the best of two worlds offering users the security of L1 based DEX’s, and the speed that nearly matches centralized systems. All the deposits and withdrawal requests are handled by Cardano main chain and the computation and exchange data-storage in L2. By utilizing the L2 solution it allows almost real time trading and later a vast array of instruments like perpetual contracts, programmable trading scripts, postponed execution, copy-trading scenarios and much more.