DEX, DEX, DEX. I bet you've heard that word many times. But do you know what it is or how it works.
04 Apr 2023, 20:32
DEX, DEX, DEX... I bet you've heard that word many times. But do you know what it is or how it works? Today we're going to explain everything about the subject!
Dex stands for Decentralized Exchanges. In other words, they are self-governed exchanges where users are responsible for providing liquidity, managing their assets, and trading directly with other investors.
DEXs are not controlled by a central authority such as a bank or stock exchange. Transactions are executed directly between users' wallets through smart contracts, creating an environment of freedom among its investors.
DEXs offer advantages such as greater privacy, security, and transparency compared to centralized exchanges.