Decentralized exchange
In short: A trading system using on-chain mechanisms for execution or settlement.
A trading system using on-chain mechanisms for execution or settlement. The operated interface, contracts and other route components need separate examination. A personal wallet can authorize a contract action without becoming a conventional custodial account. However, approvals, contract behavior, liquidity and network costs still matter. Read each signature request and the minimum output rather than treating a wallet connection as proof that every subsequent action is equivalent.