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Add section on what is DEX

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amarantha-k
2025-02-28 14:10:23 -08:00
parent 6e30280e59
commit 6147893339
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docs/concepts/tokens/decentralized-exchange/index.md
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@@ -15,7 +15,6 @@ The XRP Ledger has possibly the world's oldest _decentralized exchange_ (sometim
{% admonition type="warning" name="Caution" %}Anyone can [issue a token](../../../tutorials/how-tos/use-tokens/issue-a-fungible-token.md) with any currency code or ticker symbol they want and sell it in the decentralized exchange. Always perform due diligence before buying a token, and pay attention to the issuer. Otherwise, you might give up something of value and receive worthless tokens in exchange.{% /admonition %}
<!-- To Do
## What is a Decentralized Exchange?
A decentralized exchange, abbreviated "DEX", is a platform that enables anyone to directly buy, sell, and trade digital assets with one another, without relying on a centralized intermediary like a bank or traditional exchange. DEXes typically use smart contracts and automated market makers (AMMs) to facilitate peer-to-peer trading and liquidity provision, enabling users to retain control over their assets while interacting in a decentralized manner.
@@ -31,10 +30,11 @@ A decentralized exchange, abbreviated "DEX", is a platform that enables anyone t
"name": "What is a Decentralized Exchange, or DEX?",
"description": "What is a Decentralized Exchange, or DEX?",
"uploadDate": "2022-01-10",
"embedUrl": "https://www.youtube.com/watch?v=VWNrHBDfXvA"
"embedUrl": "https://www.youtube.com/watch?v=VWNrHBDfXvA?feature=shared"
}
</script>
<!-- To Do
## How DEX Works?
-->