A decentralized exchange (DEX) is a peer-to-peer marketplace where users can trade cryptocurrencies without the need for a centralized intermediary. DEXs are built on blockchain technology, which means that they are secure, transparent, and censorship-resistant.
In this video, we will explain what a DEX is, how it works, and some of the benefits of using a DEX. We will also compare DEXs to centralized exchanges, and discuss some of the challenges that DEXs face.
Umee is the most programmable, safety-first lending algorithm built as a blockchain. As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage, liquidity, and debt instruments. The Umee Blockchain facilitates interoperability between the Cosmos ecosystem, Ethereum, side chain architectures, layer two scaling solutions, rollups, and alternative base layer protocols.
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