Zora

In celebration of the one-year anniversary of the Zora protocol and the initial release of zorb, we invite you to mint a commemorative NFT for your collection. Minting is open for 20+22 hours on New Years Day and cements your status as an early supporter of Zora.


[zorb.dev](https://zorb.dev/) by [zora.co](https://zora.co).

ZORBS by ZORA

1. Blockchain Integration:
DEXs operate on a blockchain network (e.g., Ethereum, Binance Smart Chain). They utilize smart contracts to execute trades and manage liquidity pools.


2. Smart Contracts:
These are self-executing programs that automate the trading process, ensuring trustless and transparent transactions. Smart contracts handle tasks like matching orders, processing trades, and managing funds.


3. Liquidity Pools:
Liquidity providers deposit tokens into pools. These pools enable instant token swaps and reduce dependency on traditional order books. Providers earn fees as rewards for supplying liquidity.


4. AMM Model (Automated Market Maker):
Most modern DEXs use AMMs instead of order books. This model uses algorithms to determine token prices based on supply and demand within the liquidity pools.





6. Interoperability:
Some DEXs support cross-chain swaps, allowing trading between tokens from different blockchains using bridges.