12/23/2023 0 Comments List of defi coins![]() Despite these notions, many have been quick to point out that centralized exchanges come with their own inherent risks – namely those of custody.įamously highlighted by hacks on once-prominent exchanges like Mt. When it comes to exchanging crypto, many have long been focused on centralized players like Binance or Coinbase largely due to their fiat onramps and ease of use. With that, be sure to keep a close eye on impermanent loss as it’s sure to come and bite you in the midst of a full blown bull market! An Overview on DEXs Long story short, there’s never been stronger incentives to provide liquidity to the DEX ecosystem. Curve is debuting it’s new CRV governance token and rewarding LPs handsomely for doing so. Balancer has made a suite of adjustments to its Liquidity Mining program in which users can earn BAL governance tokens for providing liquidity by focusing on useful liquidity and penalizing those looking to game the distribution.īancor V2 is quietly rolling out its new pools with LINK, LEND, REN, renBTC, SNX and more in the coming weeks. Now, DEXs are competing to capture market share in the rapidly growing sector. Most notably highlighted by the rise of Uniswap, dYdX, Balancer and Curve, DEXs have quickly taken center stage as the primary market for new DeFi tokens. Looking to stay up with emerging trends from DeFi DEXs? Check out our newsletter! Decentralized Exchanges News 2021Īugust is shaping up to the biggest month for DEXs to date. With optimized usability, deeper liquidity, and emerging composability, the DEX ecosystem is as strong as ever. 2020 was the year for decentralized exchanges (herein referred to as DEXs) to take the mainstage and 2021 will be when they mature and possibly become mainstream.
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