ErgoPlatform on Nostr: š§ What is Spectrum Finance and why is it important to know about? Spectrum Finance ...
š§ What is Spectrum Finance and why is it important to know about?
Spectrum Finance (formerly known as ErgoDex) is a decentralized exchange (DEX) on top of the Ergo blockchain.
Dive deeper into Spectrum Finance with our new blog post
š https:://bit.ly/40ILjUI
With @SpectrumLabs_, people can connect their Ergo wallet to execute swaps with $ERG and other #Ergo native assets - all without the need to divulge KYC information.
One key benefit of this DEX is the increased security it offers compared to centralized exchanges. When using a centralized exchange (CEX), users must trust the exchange to securely hold their funds and execute trades accurately.
With a #DEX however, users have complete control over their funds, as they are stored in their own wallets, and trades take place directly on the #blockchain via open source smart contracts.
#DiscoverErgo
Published at
2023-03-30 15:33:42Event JSON
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"content": "š§ What is Spectrum Finance and why is it important to know about?\nSpectrum Finance (formerly known as ErgoDex) is a decentralized exchange (DEX) on top of the Ergo blockchain. \n\nDive deeper into Spectrum Finance with our new blog post \nš https:://bit.ly/40ILjUI\n\nWith @SpectrumLabs_, people can connect their Ergo wallet to execute swaps with $ERG and other #Ergo native assets - all without the need to divulge KYC information.\n\nOne key benefit of this DEX is the increased security it offers compared to centralized exchanges. When using a centralized exchange (CEX), users must trust the exchange to securely hold their funds and execute trades accurately.\n\nWith a #DEX however, users have complete control over their funds, as they are stored in their own wallets, and trades take place directly on the #blockchain via open source smart contracts.\n\n#DiscoverErgo\n\nhttps://nostr.build/i/nostr.build_9419c4cbf24cbc5e286cbc67edde3b0b040b177d56273d69048831be90d4b7b5.jpeg",
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