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DECENTRALIZED EXCHANGES (DEXes)

Decentralized Exchanges offer the opportunity for leveraging assets in diverse ways. There are two types of Cardano DEXes with different considerations, risks, and benefits.

Course Goal:

You will understand how decentralized exchanges can be utilized for different participation strategies and be clear about the risks and responsibilities involved. 

Sessions Overview:

Automated Market Maker DEXes 
Exploration of Risks: Impermanent Loss
Exploration of Benefits: Multiple Yield Options
Walkthrough Demonstration using Cardano AMM DEXes
3 Different AMM DEX Participation Strategies in Action
Order Book DEXes
Exploration of Risks: Human Error & Learning Curve
Exploration of Benefits: Multiple Yield Options
Walkthrough Demonstration of Cardano Order Book DEXes
3 Different Order Book DEX Participation Strategies in Action

Program Content

Welcome & Bigger Picture
Automated Market Maker DEXes
Automated Market Maker DEXs
Exploration of Risks: Impermanent Loss
Exploration of Benefits: Multiple Yield Options
Walkthrough Demonstration using Cardano AMM DEXes
Multiple AMM DEX Participation Strategy
Passive Participation – Staking Vaults (Low Risk)
Active Participation – Liquidity Providing (Medium Risk)
Order Book DEXes
Order Book DEX
Exploration of Risks: Human Error & Learning Curve
Exploration of Benefits: Multiple Yield Options
Walkthrough Demonstration using Genius Yield Order Book DEX
Passive Participation – Vault Staking (Low Risk)
Active Participation – MMBs & SORs (Medium Risk)
Aggressive Participation – Market Making & Arbitrage (High Risk)