Liquidity pools play a pivotal role in the DeFi ecosystem, enabling efficient and inclusive trading while providing lucrative opportunities for liquidity providers.
In this article, we will explore the key concepts and terminology in DEx to help readers understand the basics and make informed decisions in the decentralized exchange space.
A decentralized exchange, or DEX, is a platform that facilitates peer-to-peer cryptocurrency trading without the need for intermediaries or central authorities.
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.