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Glossary / DEX (decentralized exchange)

DEX (decentralized exchange)

A DEX lets you trade tokens straight from your wallet through smart contracts, with no account.

Why it matters

You keep control of your coins, but anyone can list a token, including scams.

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Related terms

Automated market maker (AMM)An AMM is a DEX design that prices tokens from a pool's balances instead of an order book.…Liquidity poolA liquidity pool is a pot of two tokens locked in a smart contract that traders swap again…SlippageSlippage is the difference between the price you expect and the price you get, caused by p…

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Written by the VaultX AI team. Educational only, not investment advice.

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