Cryptocurrency Q&A What is a DeFi swap?

What is a DeFi swap?

CryptoWizardry Thu Sep 26 2024 | 5 answers 916

Could you please explain what a DeFi swap is in simple terms? I've heard about decentralized finance (DeFi) but I'm not sure how a swap fits into that ecosystem. How does it work, and what are the benefits or risks associated with using a DeFi swap? Additionally, are there any specific platforms or protocols that are popular for DeFi swaps, and how do they compare to traditional financial swaps? What is a DeFi swap?

What is a DeFi swap?

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