DEXs on Monero

I sometimes see people mention how dexes are being worked on for Monero. A DEX is only made possible by the existence of execution environment i.e VM that supports smart contracts. A VM can only support smart contracts if it’s Turing complete. Monero has none of those things. So how is it possible to build programmable applications on top of Monero like Dexes?

submitted by /u/TheKrunkk
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