📚Glossary of Terms

Initial Coin Offering (ICO)

A way that funds are raised for a new cryptocurrency project. ICOs are similar to Initial Public Offerings (IPOs) of stocks.

Market Capitalisation

Cryptocurrency market capitalization refers to the total value of all the coins that have been mined. You can calculate a crypto’s market cap by multiplying the current number of coins by the current value of the coins.

Decentralized Finance (DeFi)

Financial activities conducted without the involvement of an intermediary, like a bank, government, or other financial institution.

Decentralized Applications (DAPPS)

Applications designed by developers and deployed on a blockchain to carry out actions without intermediaries. Decentralized finance activities are often completed using decentralized apps. Ethereum is the main network supporting activities in decentralized finance

Stablecoin or Digital Fiat

A stablecoin pegs its value to some other non-digital currency or commodity. A digital fiat represents a fiat, or government-backed currency on the blockchain. (Example: Tether, which is pegged to the U.S. dollar)

Non-fungible Tokens (NFTs)

Non-fungible tokens are units of value used to represent the ownership of unique digital items like art or collectibles. NFTs are most often held on the

Ethereum blockchain.

Peer-to-peer

Two users interacting directly without a third party or intermediary.

Smart Contract

An algorithmic program that enacts the terms of a contract automatically based on its code. One of the main value propositions of the Ethereum

network is its ability to execute smart contracts.

Whale

The term "whale" is used to describe a trader who makes sizable bets. This term is a good one to know because market participants with the ability to execute very large transactions can potentially manipulate the market—or "make waves in the ocean."

Rebasing

Rebasing is basically adjusting circulating capacity, i.e., decrease by burning out the tokens or increase by adding tokens to supply - including all holder's and LP's holding tokens count.

DEX

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders

DAPP

A decentralized application (DAPP) is an application built on a decentralized network that combines a smart contract and a frontend user interface

Yield Farm

Yield farming is an investment strategy in decentralised finance or DeFi. It involves lending or staking your cryptocurrency coins or tokens