DEAR Inbuilt DEX
A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. Other DeFi platforms for cryptocurrency investing and trading, follow the DAO principle, meaning that it’s blockchain-powered decentralized autonomous organization.
A decentralized exchange (DEX) is a platform that enables users to trade crypto without a third party. The next generation of decentralized exchanges does not use order books to facilitate trades or set prices. Instead, these platforms typically employ liquidity pool protocols to determine asset pricing. Peer-to-peer in nature, these exchanges execute trades between users’ wallets instantly — a process some refer to as a swap. The DEXs in this category are ranked in total value locked (TVL), or the value of assets held in the protocol’s smart contracts.
DEAR Protocol will have inbuilt DEX there. Where anyone can swap using APIs. Listing and delisting will be determined by the DAO. A detailed arch. is yet to be built.
Are decentralized exchanges safe?
Yes, DEXs are widely considered to be safe. The user controls their own private keys when making trades, so there is practically zero risk of a large-scale security breach that would lead to loss of funds.
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