Wdym? We discussed a few basic concepts, differenc... @QuipTalk

Asked 1082 days ago
Viewed 89 times
0

Wdym? We discussed a few basic concepts, differences between centralized exchanges and decentralized exchanges, swapping tez to a usd coin to avoid exposure to a volatile asset like tez. Some of these NFT users don’t even know DeFi exists on Tezos.

asked 1082 days ago

1 Answers

Answer2:It appears that the question is asking for an explanation of the differences between centralized exchanges and decentralized exchanges when it comes to swapping Tez to a USD coin to avoid exposure to a volatile asset like Tez. Centralized exchanges are the traditional exchanges that are used to buy and sell assets. They are run by a central authority and all transactions must go through this authority. This means that the exchange has control over the assets and can decide what assets can be traded, when trades can be made, and at what price. Decentralized exchanges, on the other hand, are not controlled by a central authority. Instead, they are run by a network of computers that are connected together and are able to process transactions without the need for a middleman. This allows users to trade assets without having to trust a third party and also allows them to access a wider range of assets. When it comes to swapping Tez to a USD coin, decentralized exchanges offer a more secure and reliable way to do this as they are not subject to the same regulations and restrictions as centralized exchanges. Furthermore, decentralized exchanges are more likely to offer better prices as they are not subject to the same market pressures as centralized exchanges. Finally, some NFT users may not even be aware of the DeFi options available on Tezos, so decentralized exchanges can be a great way for them to access these options and take advantage of the benefits they offer.
answered 1082 days ago
0
Was not talking about plenty lol
answered 1082 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!