DEX stands for decentralized exchange, which are peer-to-peer marketplaces that allow cryptocurrency traders to make transactions directly without handing over the management of their assets to an intermediary or custodian.

Using smart contracts that allow users full control over their assets before a transaction takes place. Thus, DEX is a more secure way to trade because we can avoid some of the restrictions of centralization, such as sanctions. Decentralization is provided by the DAO - a frequent DEX accomplice. All critical decisions are made independently by the community.