In light of recent events in the crypto-sphere, it's more important than ever to know the difference between CeFi vs DeFi πŸ’‘

Below, we'll get into all the differences between a CEX vs DEX πŸ‘‡πŸ»

loop.es/CEX-vs-DEX Image
Loop is a Decentralized Exchange (among other things). This means you ALWAYS hold the keys to your crypto.

As in the case of FTX last week, we can see that it's not always the case.

FTX is a CeFi platform/Centralized Exchange (CEX).

Which best fits your needs? πŸ€·πŸ»β€β™‚οΈ πŸ‘‡πŸ»
There are several factors to consider. These include:

πŸ”ΈSecurity
πŸ”ΉRegulatory compliance
πŸ”ΈCustomer support
πŸ”ΉPayment methods

Additionally, it is important to decide which coins or tokens you want to trade.
Next, you can choose an exchange which makes most sense for you.

What to look for in an exchange? πŸ€·πŸ»β€β™‚οΈπŸ‘‡πŸ»

βœ”οΈ Security
βœ”οΈ Liquidity
βœ”οΈ Low fees

Obviously, we believe in decentralized technology, therefore our choice is #LoopDEX.

Want to check it out? πŸ‘‡πŸ»

loop.es/SWAP

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More from @loop_finance

Nov 20
🌌 TOP 7 @cosmosibc BLOCKCHAINS 🌌

We scored 2 factors (Market Cap & Utility) to come up with this list of the Top 8 @cosmos Blockchains (in no particular order).

What other factors should we consider for the next ranking?

Check it out (thread) πŸ‘‡πŸ§΅
loop.es/3CuRotw Image
1/ @JunoNetwork ( $JUNO )

Juno is a layer one Proof-of Stake public blockchain in the @CosmosEcosystem, which serves as the cross-chain hub for deploying interoperable intelligent contracts. It acts like a more-functional sister network to @cosmos
2/ @cronos_chain ( $CRO )

The Cronos blockchain, popularly known as Crypto.com, is one of the top blockchains on the Cosmos hub. It is a blockchain platform that provides users with an all-in-one decentralized exchange and financial application service.
Read 9 tweets
Nov 19
Not happy with your CEX life? πŸ€·πŸ»β€β™‚οΈ

We don't blame you πŸ™πŸ»

But, perhaps, you don't yet know the difference between CEX vs DEX πŸ’‘

In light of last week's events, let's do a quick review of the two πŸ‘‡πŸ» Image
A cryptocurrency exchange is a platform that allows users to buy and sell digital assets.

A decentralized crypto exchange (or DEX) is a platform that allows users to trade digital assets without the need for a central authority.

Loop Finance has built a decentralized exchange.
The main difference between these two types of exchanges is who controls the platform.

Centralized exchanges (CEX) are controlled by a single entity, while decentralized exchanges are controlled by a network of users.
Read 5 tweets
Nov 19
Dynamic Governance is Coming to Loop πŸ”₯

With #LoopPower and @DA0_DA0, you control your voting power within the protocol πŸ§™πŸ»β€β™‚οΈ

Let us explain πŸ‘‡πŸ»
Loop Power is represented by $LoPo ; a dynamic token.

It works similarly to an LP token when you provide liquidity to a pool.

If you stake $LOOP, the $LoPo token will appear in your @keplrwallet (you need add the token to your Keplr wallet to show it) πŸ‘‡πŸ»
The amount of $LoPo tokens changes over time as you re-stake or as your staking period decreases.

The governance in @DA0_DA0 for the Loop Community Treasury will be governed by $LoPo.

That means, keeping at maximum-staked is also a way you can have max voting power on Loop πŸ’₯
Read 4 tweets
Feb 5
✏️ WRITER OF THE WEEK ✏️

This week's #LoopCommunity writer feature is @ValloneSimon πŸŽ‰πŸŽ‰

Simon has been one of the most active writers on the platform in recent months.

Catch him frequently writing about @terra_money projects like @knowhere_art πŸ‘‡

loop.markets/knowhere-terra…
Our favorite pieces by Simon are his interview articles like this piece with @curio_nft πŸ‘‡

loop.markets/we-speak-with-…
And, of course, he's always up-to-date on the latest within the ecosystem.

For example, his coverage of @prism_protocol during launch week was very timely πŸ‘‡

loop.markets/prism-extreme-…
Read 5 tweets
Feb 5
🚨 LAUNCH ALERT 🚨

Today, Loop Finance (in partnership with @terra_money) has launched a monumental step for $LUNA / $UST's global adoption πŸŒ™

Let us introduce you to @loop_learn;
a state-of-the-art DeFi learning platform. β™ΎοΈπŸŽ“

✨ Goal: Onboard the next 10m Terra users πŸ§΅πŸ‘‡
2/ We have launched #LoopLearn with the intention of becoming the #1 educational platform in crypto.

Lofty goal? Yes

Possible? Definitely

Here's why πŸ‘‡

Today, there are many barriers one must climb to get into crypto.

The least of which is gaining an understanding of it.
3/ Who could blame a newbie with hesitations about diving head-first into the crypto world?

There's so much to learn. So many concepts and risks.

Yet, very little educational material to assist them, comparatively.

And even less covering DeFi and @terra_money.
Read 9 tweets
Aug 7, 2021
What is Loop Finance?

We’re glad you asked. Let’s go over what we do and how you can earn LOOP tokens for engaging with the @terra_money community! $LUNA πŸ§΅πŸ‘‡
Loop is a two-sided coin. On the first side, we are a decentralized exchange. And, although we like to have fun, we pride ourselves on being a little more serious than pancakes or sushiπŸ˜…πŸ‘‡
Soon, you’ll be able to trade/swap Terra assets (like $LUNA, $ANC, $MIR, $UST, and more), build passive income from yield farming, and earn LOOP tokens by providing liquidity to our exchange. πŸ‘‡
Read 8 tweets

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