DEx [ Decentralized Exchange ]
The main idea of DEx is direct transactions between crypto traders without third party.
❗no banks, not brokers, nor other intermeadiatories
TON has several DExs. Most popular are:
You can swap Jettons there or prpvide liquidity for them.
How DEx does work?
"DExs typically employ liquidity pool protocols to determine asset pricing. Peer-to-peer in nature, these exchanges execute trades between users’ wallets instantly — a process some refer to as a swap" (Gemini)
DExs are ranked in a category of TVL (total Value Locked)
Liquidity pool is an amount of tokens locked within a smart contract.
Users can become liquidity providers: they add the equivalent value of two tokens in their pool for creating a market.
"Liquidity providers earn the trading fees from all transactions carried out in their pool. Trading fees depend directly on their share in the total liquidity" (101blockchains)
To vecome a liquidity pool provider go to DEx and open the position.
Lets watch an example on DeDust DEx.
1. Open your Tonkeeper. /If you don't have it still please follow this instruction - explore/
2. Go to Browser tab👇
3. Choose DeDust👇
4. Push Earn👇
5. Then Add pair you want to manage👇
6. Select a coin👇
7. Deposite Liquidity👇
❗You should have TON and selected Jetton both in you wallet to create a position
8. Confirm the deposite👇
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🚀Congratulations. Now you have just become a liquidity provider and start gain revenue from all transactions made inside this pair equal your contribution
You can check all your positions and balnce in your Portfolio:
