DEX

DEX (decentralized exchanges) are platforms for cryptocurrency exchange that operate without a central intermediary. Transactions on such exchanges occur directly between users through smart contracts, which automatically execute the terms of the deal, ensuring the security and transparency of operations.

The principle of DEX operation lies in the absence of intermediaries, allowing transactions to occur directly between users' wallets. Users add their assets to liquidity pools and receive rewards for providing these assets, helping to maintain liquidity on the platform and enabling quick cryptocurrency exchanges.

The main advantages of DEX include decentralization, as there is no central control, which increases security and transparency. Additionally, DEX do not require KYC (know your customer) procedures, ensuring greater user privacy.