An important difference between DeFi
[https://academy.stakedao.org/what-is-defi/] and CeFi (centralised
[https://academy.stakedao.org/what-is-a-centralised-market/] finance) in…
Some decentralised exchanges
[https://academy.stakedao.org/what-is-a-decentralised-exchange/] rely on
liquidity pools [https://academy.stakedao.org/what-are-liquidity-pools/] to
provide a…
Centralised [https://academy.stakedao.org/what-is-a-centralised-market/]
exchanges, both in traditional markets and in crypto, operate by means of the
order…