Key participants of DEXes
2 min read
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Feb 7
It is well-known that decentralized exchanges do not have a central node or server, and work without administrators or any particular management body. All transactions are conducted without intermediaries. However, this does not mean that cryptocurrency traders are the only DEX participants, even though the exchange itself was created specifically for them.
Key participants of DEXes:
Traders – participants who exchange one kind of token for another.
Liquidity providers – cryptocurrency owners ready to deposit their cryptocurrency in liquidity pools, which serve as the base of the entire DeFi system. To put it simply, liquidity provid
