AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
A decentralized exchange, or DEX, supports cryptocurrency trades on a decentralized platform. In contrast, centralized exchanges rely on a central authority to complete cryptocurrency transactions. A DEX makes use of automated market makers (AMM) and smart contracts to allow for direct trades. However, there can be issues with slippage and various types of inefficiencies in an AMM. Innovations are consistently made in the cryptocurrency world to address current challenges and provide a better user experience, and Dfyn has specifically addressed these concerns through its design and evolving features.
Key Takeaways:
Dfyn is an on-chain limit-order DEX that seamlessly executes asset trades. This allows both smaller and larger traders to minimize slippage-related losses and to benefit from the most competitive pricing.
Dfyn stands apart from other DEXs as the first one to use a concentrated liquidity AMM, along with an RFQ matching engine.
Dfyn is an on-chain limit-order DEX that seamlessly executes asset trades. By doing so, it allows both smaller and larger traders to minimize slippage-related losses and to benefit from the most competitive pricing.