EP016 - Decentralised Exchanges & How The Work & Interview with Mirqur, Mathematically Driven DEX

A few news items this week: MinSwap annouces a Fair Initial Stake Offering and a new wallet is released called Nami Wallet for Cardano.I break down all the concepts around decentralised exchanges, I explain what an automated market maker is, how decentralised exchanges differ from centralised exchanges, what liquidity pools are, impermanent loss, slippage, and how you can benefit from liquidity mining.Full show notes at https://cardanode.com.au/ep016I also chat with Chris from Mirqur, a mathematically driven decentralised exchange built on Cardano.DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k Subscribe to the audio podcast:🔗 https://bit.ly/learncardano-spotify 🔗 https://apple.co/3jEPM8C 🔗 https://learncardano.io/ Follow on Social:🔗 https://x.com/learncardano 🔗 https://facebook.com/learncardano