Once you decide which DEX to use, you need to set up a working cryptocurrency ____.

server

bank account

wallet

portal

What are the two main functions of DEXs?

swapping crypto and providing liquidity to liquidity pools

swapping NFTs and providing liquidity to liquidity pools

trading crypto and swapping NFTs

swapping crypto and insurance

To access the website of your chosen DEX, then click the “_____” button.

Enter server

Initiate

Connect Wallet

Start

The more liquidity a DEX has, the more it is and the more prices on that DEX will be.

illiquid, volatile

illiquid, stable

liquid, volatile

liquid, stable

Once you confirm the details of your swap, your transaction will be ___

immediately completed

pending on the blockchain until a result arrives

immediately halted

centralized

These represent a user's share in a liquidity pool and act as a receipt for their contribution. You can use these later on to withdraw your share of liquidity.

liquidity pool tokens

liquidity stock

pool share

contribution tokens

Liquidity providers are also generally rewarded with the yield on the crypto liquidity they provided, which comes from a share of the ____ generated.

revenue

transaction fees

earnings

liquidity

The easiest way to fund a self-custodial cryptocurrency wallet is to buy some crypto from a _____ and then send it to your wallet.

centralized exchange (CEX)

decentralized exchange (DEX)

broker

bank

Aaron invested in Bitcoin early and now wants to change some of his BTC to another token to diversify his portfolio. Which DEX function should he use?

Staking

Cross-chain

Swapping crypto

Providing liquidity to liquidity pools

Manman was given some Ethereum for his birthday and he wants to generate some yield on it passively. Which DEX function should he use?

Ecosystem

Bridge

Swapping crypto

Providing liquidity to liquidity pools

How to use Decentralized Exchanges?

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