noun
Internet Slang
DEX
DEKS · noun · informal
Decentralised exchange — peer-to-peer trading via smart contracts.
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Definitions
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A Decentralised Exchange lets users trade tokens directly from their wallets through smart contracts, without a custodial middleman. Uniswap and Curve are examples.
“I swapped it on a DEX so I never had to hand over custody.”
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DEX In A Sentence
I swapped it on a DEX so I never had to hand over custody.
Origin & Usage
DeFi term contrasting with centralised, custodial exchanges (CEXs).
People Also Ask
What is a DEX?
A DEX is a decentralised exchange that lets you trade tokens directly from your wallet through smart contracts, with no custodial middleman.
What is the difference between a DEX and a CEX?
On a DEX you keep custody of your funds and trade via smart contracts, whereas a CEX is a company that holds your funds and runs an order book.
What are examples of a DEX?
Uniswap and Curve are two of the most widely used decentralised exchanges.
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