KongSwap DeFi Guide: Minimize Risks, Maximize Returns
Understanding DEX Liquidity and Security Decentralized exchanges (DEXs) like KongSwap offer a new paradigm for trading cryptocurrencies, eliminating intermediaries and utilizing smart contracts (self-executing contracts with predefined rules) for secure and transparent transactions. A core component of DEXs is the Automated Market Maker (AMM) (an algorithm that automatically sets prices based on supply and demand in liquidity pools). Liquidity pools are essentially shared reserves of crypto assets provided by users (Liquidity Providers or LPs)....