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  3. /DEX (Decentralized Exchange)
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DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

Definition

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades. You keep custody of your funds until the moment of the swap. Uniswap, SushiSwap, and PancakeSwap are popular DEXs.

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Learn More About DEX (Decentralized Exchange)

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Related Terms

AMM (Automated Market Maker)

A type of decentralized exchange that uses math formulas instead of order books to price trades.

Liquidity Pool

A pool of tokens locked in a smart contract that enables decentralized trading.

CEX (Centralized Exchange)

A cryptocurrency exchange run by a company that holds your funds and matches orders.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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