> For the complete documentation index, see [llms.txt](https://sundaeswap-fi.gitbook.io/us/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sundaeswap-fi.gitbook.io/us/sundaeswap.md). # Sundaeswap SundaeSwap is the first true AMM DEX built on Cardano. SundaeSwap is a platform that allows users to swap, stake, lend, borrow and more with native tokens and ADA on the Cardano Network. ## Sundaeswap - DEX SundaeSwap is the first true AMM DEX built on Cardano. SundaeSwap is a platform that allows users to swap, stake, lend, borrow and more with native tokens and ADA on the Cardano Network. Here are some key points about SundaeSwap: 1. **Cardano Ecosystem:** SundaeSwap is specifically designed to operate within the Cardano ecosystem, utilizing the Cardano blockchain for decentralized trading. 2. **Token Swapping:** Similar to other DEXs, SundaeSwap allows users to swap one cryptocurrency for another directly on the platform. This includes trading various native tokens within the Cardano network. 3. **Delegated Proof of Stake (dPoS):** Cardano uses a consensus mechanism known as Ouroboros, a form of Delegated Proof of Stake (dPoS). This is the underlying protocol for transactions and consensus on the Cardano blockchain, and it influences the way DEXs like SundaeSwap operate. 4. **Liquidity Pools:** Like other DEXs, SundaeSwap likely relies on liquidity pools to facilitate trading. Users can contribute their tokens to these pools and earn fees in return. 5. **Governance:** Many decentralized platforms, including DEXs, implement some form of decentralized governance. This allows token holders to participate in decision-making processes related to the platform's development and features.