A decentralized exchange, or DEX, is dApp that enables people to trade assets without the need for a trusted central authority to facilitate peer discovery, price discovery, execution, clearing, or custody. By leveraging the power of smart contracts, DEX developers can choose to decentralize one or all of the five components of trade listed above. AirSwap decentralizes all five.
What is a DEX or decentralized exchange?
Written by Jay Kurahashi-Sofue
Updated over a week ago
Updated over a week ago