Explainer 3 min
CEX vs. DEX: How Crypto Exchanges Actually Work
Centralized and decentralized exchanges fail in completely different ways. How each actually works and how experienced users combine them.
Tag
Centralized and decentralized exchanges fail in completely different ways. How each actually works and how experienced users combine them.
DeFi rebuilds lending, trading and interest out of smart contracts. How it works, where the yield really comes from, and the honest risk list.
Fiat-backed, crypto-backed and algorithmic stablecoins hold their peg in very different ways - and fail differently too. A five-minute framework for judging any of them.