DEX - News, Opinion & Analysis

DEX

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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages. 

Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:

Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws. 

Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.

Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running. 

Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used. 


CronaSwap - DeFi platform on Crypto.com's Cronos chain

23 Nov 2021 1 minute read 1 comment skcrypto

On November 8th 2021 Crypto.com launched it's DeFi oriented chain named Cronos. It's an EVM-compatible platform based on the Crypto.com CRO coin. Main features of the Cronos chain are: Reliability of Crypto.com with 10M users dated February 2021 Eth...

Marhaba DeFi Project, A First Of Its Kind

21 Nov 2021 5 minute read 3 comments ben06x

Islamic principles are based on the Shariah, which acts as the expression of God’s command, constituting duties for living, leading to a path to accomplishment in life for Muslims. Friends, family law and business are one of the areas of daily life t...

A Deep Dive In HydroSwap

20 Nov 2021 2 minute read 6 comments Project Hydro

HydroSwap is not the typical decentralized exchange that the DeFi space comes across regularly. It has evolved to involve much more than that, and it runs on the Binance Smart Chain to offer high scalability and better transactional experience by us...

Maiar Exchange Tutorial: A Step By Step Guide, Part 1: Overview

17 Nov 2021 10 minute read 1 comment PippiWestwood

Sections:   Overview   |   Tutorial   |   Strategies *Last update - 11/23/2021 after mainnet launch With the launch of the Maiar Exchange, many have been asking about how to approach it, how much $EGLD to use, what are the best/easiest strategies? T...

How to Invest in DeFi Exchange as a Liquidity Provider and Earn 10000% APR

15 Nov 2021 6 minute read 0 comments Charles Gune

I will show you how to Invest in Defi exchange as a liquidity provider and earn 10000% APR. For this you need to convert your Fiat money into Bitcoin. Used Strike.app to buy $1000 a week on BTC. I bought Bitcoin at $100 above market price from Strik...

Carbon Token ( CARB ) on Zilliqa Network ( ZIL ) its token and New DEX called Carbswap

15 Nov 2021 4 minute read 0 comments TiddyBit

What Is Carbon? Carbon is a token on the Zilliqa Blockchain. It has been steadily developing and growing. Recently announced that it will be launching a DEX of its own on Zilliqa where most users are currently tied to Zilswap a proprietary DEX on Zil...

Decred Journal - October 2021

14 Nov 2021 14 minute read 1 comment Richard Red

Image: Remote Node Outpost by @saender Highlights for October: Politeia celebrated its third year of operation and had another busy development month. The mobile wallets proposal from @raedah was funded for another year. The GoDCR proposal was reje...

Energi and Energiswap

12 Nov 2021 7 minute read 0 comments Flynt

For every initial pool/swap transaction You will need to give permission for the token use Energiswap (with referral to save 10% on fees) Energi cryptocurrency has created their own DEX with over 190 tokens already added to it. It has super low fees...

Osmosis: how to use the first Interchain DEX on Cosmos [ENG-ITA]

9 Nov 2021 5 minute read 0 comments ifiwasfrank

🇮🇹 Trovate la versione italiana dell'articolo dopo quella inglese   Cosmos network is in excellent shape and there are several indicators to confirm this. First of all, the volume of trading on its main decentralized exchange, Osmosis, continues to r...

A dive into DeFi, DEX, Sushi and why Morpheus Labs created ABC Swap.

8 Nov 2021 8 minute read 0 comments jonathan a.

Introduction to DeFi, Sushiswap. Decentralised Finance (DeFi) has become a mainstay in the crypto industry since its boom in 2020. Decentralized finance is essentially financial applications that a centralized body would provide (Banks, Financial Ins...