What is a DEX?

A DEX or decentralized exchange is a type of crypto exchange that facilitates peer to peer (P2P) crypto transactions without any third party involvement. Transactions are executed with the help of automated agreements meeting necessary conditions called smart contracts.

DeFi (Decentralized Finance) is a new financial technology that is hosted primarily on blockchain. At its core, it seeks to decentralize traditional financial institutions such as banks and lending providers. It lets people from anywhere in the world use financial services regardless of whoever they may be.