# 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


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