Welcome to my free DEX course, where I teach you the basics. Decentralized exchanges play a vital role in decentralized finance (DeFi) and peer-to-peer cryptocurrency exchange, so they are important to learn about.
Here is my full Youtube playlist that I use in these lessons. (Chapters are top right.)
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Course Lessons
- DEX Basics Explained
- How Decentralized Exchanges Work
- Centralized Exchanges Explained Quickly
- Centralized vs Decentralized Exchanges
- How Smart Contracts Gave Birth to DEXs
- Decentralized Exchange Advantages
- Decentralized Exchange Disadvantages
- Choosing a DEX for Cryptocurrency Trading
- Liquidity Pools Explained
- DEX Slippage Explained
- Impermanent Loss Explained Simply
- The Future of Decentralized Exchanges
- How to Use DeFi Llama to Study DEXs
DEX trading platforms are rising in popularity based on tech innovation and interoperability between blockchains. This also comes from traders losing trust in centralized exchanges (does FTX ring a bell?) DEX trading is important to learn, especially if you want to get into new and fringe tokens on a chain.
We have seen a host of centralized exchange failures, hacks, regulator lawsuits, and fraud over the years. I dream that one day centralized exchanges go extinct and DEXs take over completely!
What are DEXs?
Decentralized exchanges came about from a few different technologies in the cryptocurrency and blockchain industry. The main function of DEXes is to allow peer-to-peer crypto trading.
They are a revolution in the way that trading takes place because there is no central company or website that stores assets to swap against. They are mainly used for cryptocurrency trading, but that is expanding as assets are “tokenized”, aka represented on a decentralized network.
In the near future, stocks, bonds, funds, treasuries, (everything) will be represented on blockchains and distributed ledgers. It will all be tradable on a decentralized exchange.
This course walks you through the details of DEX technology, so browse around the playlist and lessons.