dYdX is adecentralized exchange (DEX) platformthat offers perpetual trading options for over 35 popular cryptocurrencies including Bitcoin, Ether, Dogecoinand Cardano. It stands as one of the biggest decentralized exchanges in the world in terms of trading volume and market share. ...
What is a DEX? In cryptocurrency, a DEX is aDecentralized peer-to-peerExchange. It is an exchange run by code. It usually exists as adecentralized application (DApp). It is a place where people can trade cryptocurrencies directly without a middleman. On a DEX, trading is done using smart...
Balancer is a protocol that offers users numerous advantages. What are the benefits of using Balancer? Liquidity: BAL provides significant liquidity to users, allowing them to trade tokens with minimal slippage. Automated Market Maker: Balancer's mechanism enables efficient token trading on the platfor...
Price Slippage:When liquidity is low, the price of an asset at the time of completing a trade fluctuates significantly before the trade is completed. To prevent this, CEXes must ensure that transactions are completed instantly. Automated Market Makers: Definition:They enable the trading of digital...
Tether is one of the most popular stablecoins around today. In this post, I’ll explain what a stablecoin is, what Tether is and how it works.
This process within DeFi is often referred to as yield farming. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. What is yield farming? Yield farming is the process of...
AtomicDEX is a non-custodial DEX for trading coins across blockchain protocols. This example shows a successful atomic swap between RICK and MORTY testcoins. How AtomicDEX Is Different From Other DEXs Many DEXs in the blockchain space today aren’t genuinely non-custodial since user funds placed...
Step 5:Swap ETH for BONE or LEASH. In the DEX interface, select ETH in the “From” field and choose BONE or LEASH in the “To” field. Enter the amount of ETH you want to swap for BONE or LEASH. Confirm the swap. Step 6:Check your wallet. Once the transaction is confirmed, ...
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yEarnis an automated liquidity aggregator offering a number of different yield farming opportunities. The protocol is governed by a native token – YFI – which was launched with no premine and did not hold an Initial DEX Offering. Users can stake YFI to participate in governance and claim a ...