DEX (decentralized exchange)
A DEX lets you trade tokens straight from your wallet through smart contracts, with no account.
Why it matters
You keep control of your coins, but anyone can list a token, including scams.
Compare swap ratesRelated terms
Automated market maker (AMM)An AMM is a DEX design that prices tokens from a pool's balances instead of an order book.…Liquidity poolA liquidity pool is a pot of two tokens locked in a smart contract that traders swap again…SlippageSlippage is the difference between the price you expect and the price you get, caused by p…
Written by the VaultX AI team. Educational only, not investment advice.
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