The Complete Guide to Decentralized Exchanges (DEX)

Welcome to the Complete Guide to Decentralized Exchanges(DEX)!.

In this guide, you will learn about decentralized exchanges (DEX), types of DEXes, features of a DEX - lending, borrowing and yield farming. We will explore the differences between a centralised exchange(CEX) and a DEX, On-chain order books, Off-chain order books, Automated Market Makers (AMM), and the different types of DEXes on Rootstock.

Contents

• Overview
  • What is a DEX?
  • How DEXes Work?
  • Types of DEXes
    • Order Book DEXes
    • DEX Aggregators
    • Automated Market Makers (AMMs)
• The difference between a DEX and a CEX
  • Pros and Cons of a DEX
• The Features of a DEX
  • Lending
    • How Lending Works
    • Benefits of DeFi Lending
  • Borrowing
  • Yield Farming
    • How Yield Farming Works
    • Yield Farming Protocols on Bitcoin
  • Staking
  • Liquidity Pools
  • Drawbacks
• DEXes on Rootstock
  • Sovryn
  • OKU Trade