DEX

SushiSwap is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade cryptocurrencies in a decentralized manner without the need for a centralized intermediary. The core feature of SushiSwap is its use of liquidity pools. A liquidity pool is a smart contract on the Ethereum blockchain that holds a pool of assets, such as ETH and a specific ERC-20 token. Users can add assets to the pool, creating liquidity, and in return, they receive liquidity provider…

Uniswap (UNI) is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens without needing a centralized intermediary. Uniswap uses a special liquidity provision, and a trading mechanism called an "automated market maker" (AMM). Instead of using order books to match buyers and sellers, as centralized exchanges do, Uniswap uses a mathematical algorithm to set the prices of tokens based on supply and demand. When a user wants to trade a token, they provide…

A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates decentralized, meaning it does not rely on a central authority to hold customers' funds and process trades. Instead, trades are executed using smart contracts on a blockchain network, which allows for increased security and anonymity for traders. DEXs have become popular in the cryptocurrency community because they offer a high degree of control and privacy and reduce the risk of hack attacks and other security breaches. Benefits of…