A
Alpha Code: The version where the codes are at an early stage and in the process of being tested.
AMM: Decentralized trading pool that allows crypto assets to be traded.
APY: Percentage return on investment in an asset one year later.
Arbitrage: Profit-oriented transactions made by taking advantage of the price differences in two different markets.
Audit: Infrastructure auditing of protocols by third-party audit companies.
B
Beta Code: The version where the codes are in the release phase of the product and in the process of being tested.
C
CeFi: Provides financial services for crypto assets in a centralized structure.
CEX: Crypto asset trading platforms with physical addresses and institutional structures. For example, Bitexen.com is a Digital Asset Trading Platform.
Collateralization: The method of performing various financial transactions by borrowing in exchange for assets.
Compound Interest: Obtaining higher returns by returning obtained interest to the investment.
D
DAO: Organizational structures whose rules are determined by smart contracts.
dApp: Applications running on blockchain.
DeFi: Provides financial services for crypto assets in a decentralized structure.
Derivative: The name given to investment instruments that emerge on the value of an asset or assets.
DEX: Digital asset trading platforms running on smart contracts.
G
Gas Fee: Transaction fee paid to perform any transaction on the blockchain.
Governance Token: Crypto assets that grant voting rights and are used to develop or make decisions about a smart contract.
Gwei: The unit used to calculate gas fee on the Ethereum network.
I Impermanent Loss: Depreciation of assets locked in pools due to temporary price drops in temporary pools.
L
Lending aggregator: Smart contracts that find the best rates for individuals who want to earn income by lending in the pools.
Leverage: A multiplier that allows the transactions to be performed to be multiplied.
Liquidity Mining: Earning income in exchange for providing liquidity.
Liquidity Pool: Pools of assets known as LPs to provide liquidity flow to smart contracts.
Liquidity Providers: Individuals who provide liquidity to the DeFi platforms to earn income.
Liquidity Token: Tokens given to liquidity providers in exchange for providing liquidity.
M
MetaMask: An extension used to connect many DeFi platforms.
Multisig Wallet: A type of wallet that requires the approval of multiple individuals for a transaction to take place.
P
Protocol: Rules that work within certain standards and limits, such as ERC-20.
R
ROI: Total return on investment.
S
Slippage: The difference between the purchase price and the sale price of an asset.
Spread: The difference between the order prices of potential buyers and sellers after the order is transmitted in the market.
Stake: By locking cryptocurrency, earning income or gaining rights such as voting rights.
T
Total Value Locked: Total value of locked assets in a smart contract on a protocol.
V
Volatility: Unit that shows the rate of change in price of an asset.
Y
Yield Farming: Earning additional income by manually or automatically lending or by arbitrage.
