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Lingo topic · 17 terms

DeFi

Lending, swapping and earning without a bank in the middle.

A

AirdropFree tokens sent to a batch of wallets, usually to reward early users or spread a new coin around.
Atomic SwapA direct trade of coins on two different blockchains that either completes fully for both sides or doesn't happen at all.
Automated Market MakerA trading system that sets prices with a formula and a pool of tokens, instead of matching buyers with sellers.

D

DAOAn organization run by rules in code and votes by token holders instead of a boss.
Decentralized ExchangeA crypto exchange run by smart contracts, where you trade straight from your own wallet with no company holding your coins.
DeFiFinancial services like lending, borrowing and trading run by smart contracts on a blockchain instead of by banks.

G

Gemini DollarA stablecoin issued by the Gemini exchange, designed to stay worth one US dollar.

H

Hayden AdamsThe engineer who created Uniswap, one of the first and largest decentralized exchanges.

L

Liquidity PoolA pot of two or more tokens locked in a smart contract that traders swap against, funded by users who earn a share of fees.

M

Money LegosDeFi apps that can be snapped together and built on each other, like Lego bricks.

P

PancakeSwapA decentralized exchange that started on BNB Chain, letting people swap tokens using liquidity pools.

R

Rug PullA scam where a project's creators suddenly abandon it and run off with investors' money.

S

U

UniswapA leading decentralized exchange on Ethereum that lets anyone swap tokens from their own wallet using liquidity pools.

W

Wrapped TokenA token on one blockchain that stands in for a coin from another chain, backed one-to-one by the original held in reserve.

Y

Yield FarmingMoving crypto between DeFi apps to earn the highest rewards from lending, providing liquidity or collecting bonus tokens.

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