# Welcome to Yeti Exchange

Yeti Exchange is an automated market making (AMM) decentralized exchange (DEX) currently on the Binance Smart Chain.

{% hint style="info" %}
**DEX** - A decentralized exchange, on the other hand, is trustless. There is no middleman to handle your private keys. All trades and transactions happen through a user’s own wallet with express permission using smart contracts.

**CEX** - A centralized cryptocurrency exchange is a custodial service that holds your cryptocurrencies for you and provides escrowed trades. These exchanges do not share the private keys to the wallets that hold the crypto.
{% endhint %}

## 📈  Yeti Exchange Ecosystem

There are a few core products of the Yeti Exchange ecosystem

* Exchange
* Liquidity Pools
* Yield Farming
* Pool Staking

Each of these serve a different purpose within the ecosystem.


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