What is a DEX?
🔄 DEX = Decentralized Exchange → no central authority.
Features:
• Peer-to-peer trading
• Smart contracts handle transactions
• No KYC required
Benefits:
• Full custody of funds
• Greater privacy
• Global access
Popular DEXs:
• Uniswap
Risks:
• Slippage
• Smart contract bugs
• Low liquidity on smaller pairs
✅ DEX = core pillar of DeFi!
❓ Which DEX do you use most?
