RelayChain DeFi Academy

Everything you need to know about DeFi.

What is DeFi (Decentralized Finance)?

What is a DEX (Decentralized Exchange)?

A Decentralized exchange (DEX) is a crypto exchange which provides transactions by using a smart contract contract. It uses a AMM to trade against a Liquidity Pool.

What is an AMM (Automated Market Maker)?

An Automated Market Maker (AMM) is a DEX protocol that uses a formula to calculate a price. Depending on the protocol this formula can vary. One of the key parts in the formula is Liquidity and Liquidity pools. The AMM uses a smart contract to interact with a Liquidity pair for example RELAY/wMATIC.