How is defichain DEX different from Uniswap and pancake swap

I would say the best advantage Defichain has over Etherium or Binance Smart chain is the fact that it's DEX operates within the confines of the Defichain ecosystem as hard coded simple instructions without the use of "tenuous" smart contracts. Many don't realize that the nature of trusting so many hundreds of 3rd party Dapps connecting to your coin in your wallet (even offline hardware wallets) is very risky and presents many means of hacker attacks of every possible angle of the code use wasn't fully thought through. This is why many people often lose their coin to thief's who break the code of a particular smart contract and siphon away funds based on something not intended. Smart contract risk is high with all smart contract Blockchains. Defichain has nearly none of this risk. If you maintain your keys properly, there is no way someone can break a smart contract code and steal your coin or make your coin do something detrimental to you. It's tightly in the Defichain hard coded Blockchain code. Now that doesn't mean everything on Defichain is exploit proof, as we have seen in the dBTC exploit on the atomic swap last year, or the unintentional consequences of some bad decisions to mint unbacked dUSD and or people using particular features to maximize their profits, that some wrongly call exploiting the DFI burn, but really it was a bad design issue and people just used it properly to maximize their profits. So yeah things can go wrong with Defichain, but much safer to trade and use swaps within the safe sandbox of the DEX than use the risky contract features of 3rd party wallets connecting to various entities Dapps. Lots of potential pitfalls on those.

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02.07.2022

Zachary Chan · Accepted Answer

Uniswap - ERC20 (general purpose, all ethereum erc20 tokens). Has liquidity for ERC-20 DFI Pancakeswap - BNB Chain, fork of Ethereum, BEP-20 (designed to build utility for Binance’s own BNB token). Has bridge to defichain and liquidity on Pancakeswap Defichain - Defichain own ecosystem, own blockchain, BTC fork, not Ethereum-based. Native DFI, synthetic stock tokens, liquidity mining, vaults/loans functionality (defi), more stuff coming in roadmap.

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How is defichain DEX different from Uniswap and pancake swap

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