[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  David Daniel ⨀ [@DavidDanielpro](/creator/twitter/DavidDanielpro) on x XXX followers Created: 2025-07-28 07:46:41 UTC Let’s talk about DEX on @Illiquid_nft What’s a DEX? Unlike centralized exchanges (e.g., Coinbase), DEXs like Uniswap or SushiSwap run on blockchains via smart contracts. No middleman, no KYC, just you, your wallet, and the blockchain. Trade crypto or tokenized assets directly How They Work: DEXs use Automated Market Makers (AMMs)*. Instead of order books, liquidity pools (funded by users) set prices via algorithms. Provide $ETH/$USDC to a pool, earn fees when others trade. It’s peer-to-pool magic! Why They Matter: DEXs empower anyone to trade 24/7 without gatekeepers. They’re key to DeFi’s promise of financial freedom. Platforms like @Illiquid_nft extend this, using DEX-like mechanics to unlock liquidity for staked NFTs. Innovation in Action: On Hyperliquid, @Illiquid_nft lets users stake NFTs as collateral in vaults, borrowing $LIQUID tokens via DeFi protocols. It’s like a DEX for NFT liquidity—trade value without selling your asset! The Catch: High gas fees (on Ethereum) and slippage can sting. Impermanent loss in liquidity pools is another risk. @Illiquid_nft’s overcollateralized model adds complexity—stake more value than you borrow. The Future: DEXs are evolving with Layer-2 scaling and cross-chain bridges. Integrating AI and real-time data (like Illiquid’s Wallchain) could make them more efficient. Expect smoother UX and broader adoption  XXX engagements  **Related Topics** [coins wallets](/topic/coins-wallets) [cash flow](/topic/cash-flow) [nfts](/topic/nfts) [nft](/topic/nft) [blockchain](/topic/blockchain) [sushiswap](/topic/sushiswap) [uniswap](/topic/uniswap) [exchanges dexs](/topic/exchanges-dexs) [Post Link](https://x.com/DavidDanielpro/status/1949738264002203818)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
David Daniel ⨀ @DavidDanielpro on x XXX followers
Created: 2025-07-28 07:46:41 UTC
Let’s talk about DEX on @Illiquid_nft What’s a DEX? Unlike centralized exchanges (e.g., Coinbase), DEXs like Uniswap or SushiSwap run on blockchains via smart contracts. No middleman, no KYC, just you, your wallet, and the blockchain. Trade crypto or tokenized assets directly
How They Work: DEXs use Automated Market Makers (AMMs)*. Instead of order books, liquidity pools (funded by users) set prices via algorithms. Provide $ETH/$USDC to a pool, earn fees when others trade. It’s peer-to-pool magic!
Why They Matter: DEXs empower anyone to trade 24/7 without gatekeepers. They’re key to DeFi’s promise of financial freedom. Platforms like @Illiquid_nft extend this, using DEX-like mechanics to unlock liquidity for staked NFTs.
Innovation in Action: On Hyperliquid, @Illiquid_nft lets users stake NFTs as collateral in vaults, borrowing $LIQUID tokens via DeFi protocols. It’s like a DEX for NFT liquidity—trade value without selling your asset!
The Catch: High gas fees (on Ethereum) and slippage can sting. Impermanent loss in liquidity pools is another risk. @Illiquid_nft’s overcollateralized model adds complexity—stake more value than you borrow.
The Future: DEXs are evolving with Layer-2 scaling and cross-chain bridges. Integrating AI and real-time data (like Illiquid’s Wallchain) could make them more efficient. Expect smoother UX and broader adoption
XXX engagements
Related Topics coins wallets cash flow nfts nft blockchain sushiswap uniswap exchanges dexs