WHAT IS A DEX?
A token swap can look simple on the screen, but several concepts determine what happens behind it. Liquidity, APY, impermanent loss and price impact can all affect how users interact with a decentralized exchange.
For anyone learning DeFi, understanding these terms before swapping or providing liquidity is useful. That is the purpose of STON.fi’s new educational project, “What is DEX”.
START WITH THE BASICS
“What is DEX” explains how decentralized exchanges work, how users make swaps and what liquidity providers do.
These concepts are directly relevant to platforms such as STON.fi, where users can swap supported assets and provide liquidity to pools. Learning the basics makes it easier to understand the information shown when using a DEX.
MULTI CHAIN AND CROSS CHAIN
The project also explains the difference between multi chain and cross chain DEXs.
This is particularly relevant as users interact with assets across different blockchain networks. STON.fi has expanded its cross chain functionality through Omniston, so understanding how cross chain swaps differ from regular swaps can help users understand the process better.
UNDERSTAND THE NUMBERS
“What is DEX” also covers three important concepts: APY, impermanent loss and price impact.
The project includes live calculators that let users explore these metrics themselves. You can use them to understand how estimated rewards work, how providing liquidity can expose you to impermanent loss and how the size of a swap can affect its execution price.
TAKE THE QUIZ
After exploring the material, users can take a short quiz to check their understanding. The quiz is also connected to STON.fi’s “One Swap. Across Chains” campaign, where completed answers may be relevant to a participant’s miles balance.
The project provides educational information, not financial advice. Users should still research assets, pools and transaction conditions before using real funds.
🔗 Explore “What is DEX” and take the quiz: https://whatisdex.com/?task=dex-quiz
A token swap can look simple on the screen, but several concepts determine what happens behind it. Liquidity, APY, impermanent loss and price impact can all affect how users interact with a decentralized exchange.
For anyone learning DeFi, understanding these terms before swapping or providing liquidity is useful. That is the purpose of STON.fi’s new educational project, “What is DEX”.
START WITH THE BASICS
“What is DEX” explains how decentralized exchanges work, how users make swaps and what liquidity providers do.
These concepts are directly relevant to platforms such as STON.fi, where users can swap supported assets and provide liquidity to pools. Learning the basics makes it easier to understand the information shown when using a DEX.
MULTI CHAIN AND CROSS CHAIN
The project also explains the difference between multi chain and cross chain DEXs.
This is particularly relevant as users interact with assets across different blockchain networks. STON.fi has expanded its cross chain functionality through Omniston, so understanding how cross chain swaps differ from regular swaps can help users understand the process better.
UNDERSTAND THE NUMBERS
“What is DEX” also covers three important concepts: APY, impermanent loss and price impact.
The project includes live calculators that let users explore these metrics themselves. You can use them to understand how estimated rewards work, how providing liquidity can expose you to impermanent loss and how the size of a swap can affect its execution price.
TAKE THE QUIZ
After exploring the material, users can take a short quiz to check their understanding. The quiz is also connected to STON.fi’s “One Swap. Across Chains” campaign, where completed answers may be relevant to a participant’s miles balance.
The project provides educational information, not financial advice. Users should still research assets, pools and transaction conditions before using real funds.
🔗 Explore “What is DEX” and take the quiz: https://whatisdex.com/?task=dex-quiz
