#defi

A smart-contract fund of token pairs that powers swaps on a DEX.

Decentralised autonomous organisation governed by token holders.

Decentralised exchange — peer-to-peer trading via smart contracts.

Splitting one NFT into many tradable shares.

Got scammed by a project that yanked the liquidity and ran.

Game-theory meme: everyone cooperating = collective win

Total value locked — assets deposited in a DeFi protocol.

A crypto pegged to a stable value, usually a fiat currency.

Infrastructure to move assets between different blockchains.

The paper loss LPs suffer when pooled token prices diverge.

Decentralised finance — financial services run on smart contracts.

A token migrating from a bonding curve onto a full DEX.

A token representing another asset for use on a different chain.

Annual percentage yield, including compounding.

A formula that sets token price automatically as supply is bought.

Moving crypto between DeFi protocols to chase the best returns.