Instead, you could enter your Peanut tokens into a pool along with some Ethereum and then pull the equivalent value in Polygon. For instance, if you had Peanut tokens and wanted Polygon, you didn’t have to find someone with Polygon who wanted to buy Peanut. One of the most popular decentralized exchanges is Uniswap, which pioneered the use of the “constant product market maker model.” The model allowed people to sell tokens even if there wasn’t someone on the other end of that specific trade. But decentralized exchanges open up new trading possibilities. "The custom DEX which we plan to explore could help achieve this goal by enabling users to exchange BAT and other assets at lower fees, and with better user interface and security, by being built into Brave."īrave already shows widgets for exchanges Binance, Gemini, and on its homepage so that users can easily connect to their exchange accounts without logging into a website. "One of our goals is to make tokens and crypto easy to use for all of our users," Brave CEO and co-founder Brendan Eich told Decrypt. While a DEX aggregator helps users find and lock in the best possible price across multiple exchanges, the roadmap also allows Brave to potentially create its own DEX-something the company confirms it is exploring. DEXs are different from centralized exchanges such as Coinbase, which stores users’ cryptocurrency keys on their behalf. BAT Roadmap 2.0 - Brave Decentralized Exchange (DEX) announced: Discounts when using BAT for transaction fees, discounts for BAT holders, BAT utility for search engines new Brave Wallet, and more Ī decentralized exchange is an online market where people can trade different cryptocurrencies without those tokens ever coming into contact with a third party.
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