DEX aggregators making DeFi accessible to CEX fans

cointelegraph.com:

The sudden collapse of what was once the second-largest crypto exchange in the world has accelerated the migration from centralized exchanges (CEXs) to decentralized exchanges (DEXs). The now-bankrupt FTX still owes the equivalent of billions of dollars to users across the globe, and this is not the only instance of traders losing their funds with CEXs. The benefits of self-custody wallets and the use of decentralized finance (DeFi) applications have become more evident.

However, once retail traders set foot in DeFi, they may be perplexed by the complexity of decentralized applications and the wide range of options, which adds to the confusion.

One could think that DeFi wouldn’t be a quest for crypto users, but this is not the case. The emerging sector has several barriers that hinder mass adoption.

To begin with, the DeFi market is fragmented and hosts multiple applications offering the same services. The problem is that it is challenging to navigate the DeFi space and find the best deal in terms of fees, security and benefits.

The user experience with most DeFi applications is cumbersome, requiring a multi-step interaction with wallets, applications and processes in a less intuitive way. Crypto users who are familiar with CEXs alone would surely miss the straightforward user experience.

Other problems in DeFi are the lack of liquidity compared to major CEXs and the hesitance to entrust your funds to trustless solutions.

To avoid the confusion of accessing an entangled network of DEXs and yield farming opportunities, crypto users can venture into the DeFi space with the help of a DEX aggregator. Such platforms automatically provide more liquidity and find users the best deals and fees.

On top of that, some DEX aggregators