A decentralized exchange (DEX) is a peer-to-peer trading marketplace that facilitates transactions to be carried out without a centralized conciliator.
WOOFi is DEX, where you can easily:
1. SWAP your coins - trade without intermediaries, without KYC, and other things that CEXs offer (e.g. Binance)
2. Stake/add liquidity to pools and receive rewards for it
3. Stake your WOO tokens
4. View all your WOOFi stats