About XDAO App & Decentralized Trading
XDAO App is a non-custodial decentralized exchange (DEX) and automated market maker (AMM) enabling secure token trading directly from your wallet.
What is a DEX?
Traditional exchanges use centralized order books to match buyers and sellers. XDAO App operates trustlessly on-chain by utilizing automated liquidity pools. Read more on the decentralized exchange (DEX) Wikipedia page.
Automated Market Makers (AMM)
In an AMM, liquidity providers deposit token pairs into a smart contract pool. Traders swap against these pools rather than individual counterparties, receiving instant liquidity, zero counterparty risk, as defined in automated market maker (AMM) studies.
Decentralized Liquidity
By enabling anyone to become a liquidity provider and earn a portion of transaction fees, XDAO App democratizes financial market-making. Users can track overall market movements using CoinMarketCap directories.