What Is a DEX? Understanding Decentralized Exchanges Through Stonfi A decentralized exchange (DEX) allows users to swap cryptocurrencies through blockchain-based smart contracts without relying on a centralized exchange to hold their funds. STON.fi is a DEX built on The Open Network (TON), making token swaps accessible within the TON ecosystem. How Does a DEX Work? Many DEXs use automated market makers (AMMs) and liquidity pools instead of matching buyers and sellers directly. Users select their tokens, review the exchange rate and fees, then confirm the swap through their wallet. Exploring STON.fi and Cross-Chain Swaps STON.fi enables users to swap supported tokens while maintaining control of their wallet keys. Cross-chain technology also helps users exchange assets across supported blockchain networks. Learn more about moving assets between networks in the "STON.fi TON-to-Base cross-chain swap guide" (https://ston.fi/cross-chain-swap-from-ton-to-base ). Can You Earn Through a DEX? Some DEXs let users provide liquidity and earn trading fees or farming rewards. However, risks include impermanent loss, smart-contract vulnerabilities, and token price fluctuations. Returns are never guaranteed. Tips for Beginners Before using STON.fi , verify the official website, check fees and slippage, confirm transaction details, and never share your recovery phrase or private keys. Final Thoughts DEXs offer an alternative to centralized trading, and STON.fi demonstrates how token swaps work within TON. Understanding the process and its risks is essential before committing your assets. Explore the platform at "STON.fi $BTC