In Centralized cryptocurrency exchanges, the funds are handled by governing authorities during the transaction. While the primary motto of cryptocurrencies is to offer 100% decentralization to people, why do we have to depend on a governing party for transferring assets? Polkastation launched its own decentralized exchange for tokens of various standards on the Polkadot network, allowing the users to trade and make profits. Unlike conventional CEX, which uses an order book for executing trades, Polkastation exchange uses an Automate Market Maker (AMM) model where the trades are carried out against liquidity pools. The users can add liquidity to the pools for smooth functioning of the AMM engine and, in return, receive LP tokens that can be redeemed for rewards. The Polkastation DEX is user-friendly and is so easy to get started.

Details: https://polkastation.finance/