“What Is a DEX?”
A DEX (Decentralized Exchange) is a platform that allows users to trade or swap supported crypto assets without relying on a traditional centralized exchange to execute the trade.
Many DEXs use liquidity pools, where assets are supplied to help facilitate swaps.
This is one of the basic building blocks of decentralized finance.
Once you understand what a DEX does, concepts like liquidity, swaps and price impact start making much more sense.
STON.fi is one example of a DEX built around the TON ecosystem.
#DeFi #TON #STONfi 