Understand smart contract risks, protocol governance, and your rights when trading on DEXs. Non-custodial doesn't mean risk-free.
PancakeSwap offers a decentralized trading platform with low fees and user ownership of funds, making it user-friendly. While there are inherent risks associated with decentralized exchanges, the platform emphasizes transparency and security through audits and open-source software.
Aerodrome's terms and conditions contain a mix of user-friendly policies and some that may pose risks to users. While there are standard practices in place, certain clauses favor the exchange and could lead to significant limitations for users.
Terms and policies for Hyperliquid
Terms and policies for Meteora
Decentralized exchange on Multi-chain. Founded in 2019. TVL: $500M+
Terms and policies for Orca
Decentralized exchange on Ethereum/dYdX Chain. Founded in 2017. TVL: $300M+
Uniswap's terms provide a clear framework for using their decentralized exchange, but they heavily favor the exchange's interests and limit user protections. Users must be aware of the risks associated with trading and the limitations of liability imposed by Uniswap Labs.