Step-by-Step Working Process of a Decentralized Exchange (DEX) Platform

submitted 2 months ago by flynnrider to cryptocurrency

How exactly do they work? we’ll break down the step-by-step process of how a decentralized exchange platform functions.

Step 1: User Wallet Connection Step 2: Order Placement Step 3:Smart Contract Execution Step 4:Liquidity Pools Step 5:Trade Settlement Step 6:Fees and Governance Step 7:Security & Privacy

These are the 7 simple step, users can confidently engage with the platform and take full benefits of its decentralized features. the DEX ecosystem offers a promising future for decentralized finance (DeFi).

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