Decentralized exchanges are platforms that facilitate peer-to-peer trading of cryptocurrencies without the need for intermediaries like banks or centralized exchanges.
Impermanent loss refers to the temporary reduction in the value of a liquidity provider's assets within a liquidity pool due to price fluctuations of the underlying tokens.
Staking and farming are two popular concepts in the world of cryptocurrency that allow users to earn rewards for holding and contributing to the network. In this article, we will provide a detailed explanation of staking and farming, their history, examples, how they work, and how to use them.
Top 10 words you must know in the world of crypto. Blockchain, DEX, CEX, Wallet, Coin, Token, Crypto, Ledger, ICO, Liquidity Pool explained.
A liquidity pool is a reserve of cryptocurrency funds that is used to facilitate trading on a DEX. Unlike centralized exchanges, which rely on a single entity to manage trades, DEXs operate on a peer-to-peer basis.