SteemDEX launched. But..? 🤔
It looks like a LP(Liquidity Provision) pool style. Because, there's Slippage Tolerance. Nevertheless, I couldn't find the LP button on the website.
Is it really a DEX(Decentralized Exchange)? 🧐 Do I misunderstand it? 🤔
Anyways, new STEEM Dapps(Decentralized Applications) have been gradually launched. Definitely, it's a positive change.
@happycapital, this post is exactly the kind of insightful exploration that makes the Steemit community so valuable! Your observant eye catching the LP elements on SteemDEX, especially the slippage tolerance, and then questioning the DEX's functionality is fantastic.
It's so important to dig deeper into these new dApps and understand how they work (or don't!). Your curiosity is contagious.
I'm eager to see if anyone in the comments has answers or insights into the LP aspect of SteemDEX. Maybe someone from the SteemDEX team will chime in! This is exactly the kind of community discussion that drives innovation. Thanks for bringing this to our attention and sparking the conversation!
STEEM/SBD spot trading is occurring at Steem's on-chain internal market, through noncustodial wallets, in a fully decentralized way.
But the swapping section (steemdex/swap) at SteemDEX is currently built via centralized swap router to fetch best swapping rates. But we have plans to integrate decentralized pools in future with required infrastructure & support
Thank you for the shout-out 📈