This article was originally published largest crypto firms, DEXs are. Typically, DEXs do away with conventional exchange order books - where buyers and sellers are matched based on order prices and volume - in favor of " liquidity pools.
As an example, users need to know how to securely keep their private keys and manage their cryptocurrency assets. By only offering liquidity pools between similar assets, like stablecoins, Curve offers an efficient method to exchange tokens with low fees and low slippage. An example of such a platform is dYdX, which facilitates the buying and selling of perpetual futures and generates revenue through trading fees.
