Decentralised Exchange
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Encyclopedia
Automated Market Maker (AMM): Definition, Types, and How They Work
Definition
An automated market maker (AMM) is a smart contract-based protocol that uses mathematical formulas to price assets and facilitate trades without …
Encyclopedia
Decentralised Exchange (DEX): Definition, Types, and How They Work
Definition
A decentralised exchange (DEX) is a cryptocurrency trading platform that operates without a central authority, enabling peer-to-peer trading directly …
Encyclopedia
Liquidity Pool: Definition, Mechanics, and Role in Decentralised Trading
Definition
A liquidity pool is a collection of digital assets locked in a smart contract that provides liquidity for decentralised trading, lending, or other …