Pardon my ignorance, but I’m trying to understand the basics of decentralised exchanges.
In the screenshot below, I see that any unstacked tokens of mine would be either in my wallet, either in the exchange vault. I’ve used other DEXs before; they work similarly.
This is what I don’t understand : how are funds decentralised if they’re in an exchange vault ? Is this exchange vault a unique wallet of its own ? If so, it would be a target as much as Binance’s wallets, wouldn’t it ?
Moreover I like using exchanges, but I don’t like going through the hussle of knowing whether airdrops related to my tokens will be supported and distributed by the exchange. If my funds in order are in NEX’s vault, it means they’re not in my wallet and thus I am not guaranteed to received airdrops and gas. Am I missing something ?
Thank you and long live NEX