🔁Swap
Swap allows you to exchange between crypto assets.
DEXes are peer-to-peer, meaning they allow users to directly exchange cryptocurrency without a middleman
How Decentralized Exchanges Work?
In a decentralized exchange like IKKI's DEX, users and partner projects add all the liquidity. A decentralized exchange can compensate liquidity providers with reward tokens and a cut of the trading costs from deals involving a token pair in order to encourage deeper liquidity. On the DEX, a token cannot be exchanged for another token unless there is sufficient liquidity depth in the market for that token pair.
A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform.
One of DeFi DEX's most essential operations is the exchange of tokens. Decentralized exchanges, like as IKKI's DEX, enable users to submit their tokens into the protocol and obtain another token with a value that is as near to their own as feasible, taking transaction costs, slippage, and price effect into consideration.
Smart contracts govern every step of a swap transaction in the DeFi realm; there are no centralized or human gatekeepers. Compared to conventional or centralized currency exchanges, this offers consumers a number of benefits, including:
Quick transaction times
Unauthorized trading
Flexibility and availability of many different tokens
Markets which is never closed
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