One of many acronyms in crypto: DEX. Decentralised exchanges, or DEXs, let users trade directly from their wallets. There’s no intermediary or central order book. Instead, trades happen through smart contracts that automatically execute swaps between tokens on-chain. 🧵👇

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Smart contracts handle all logic: swaps, fee distribution and LP token minting, removing intermediaries entirely. This transparency and automation make DEXs like VVS Finance @VVS_finance the foundation of DeFi liquidity.