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What Is a Crypto DEX? Learn how a DEX works, the three different types of DEXs, and how to connect with multiple DEXs in one single app with the Crypto.com DeFi Wallet. What Is a Crypto DEX?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYTrading3 Feb 2023|BEGINNERS|6 MIN READWhat Is a Crypto DEX?Learn how a DEX works, the three different types of DEXs, and how to connect with multiple DEXs in one single app with the Crypto.com DeFi Wallet. There are two main ways to trade cryp…
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…This works using an automated market maker (AMM) where liquidity providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. Liquidity providers receive a 0.3% trading fee.Uniswap first made the AMM model popular, with other crypto protocols following the model for its innovative and decentralised features. However, one of the biggest risks of the AMM model is impermanent loss. Impermanent loss…
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