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The building blocks of decentralized exchange (DEX) explained.
The whole idea around decentralized finance (DeFi) is that of “money Lego” — Lego block like applications that can layer on top of each other and build the foundation needed to create a completely decentralized financial layer — cutting out the middle man (banks, insurance companies ) to reduce the costs and make the service more inclusive.
Things with DeFi are going strong and gaining much ground. The markets are growing at such a pace that some believe that we might be building up a DeFi bubble. But I am really interested in are the core technologies that can build the foundation and infrastructure of the DeFi movement. Here are some of the most interesting projects around decentralization of crypto exchanges or DEX (Decentralized Exchanges) as they are sometimes referred.
P2P Decentralized exchanges
dXdY
There are various P2P exchanges where users can place buy and sell orders. What dXdY does is it also brings advanced features like margin trading, options and derivatives to decentralized finance — managed completely by smart contracts rather than people. While the…