Crypto Glossary
Plain-language definitions for 57 crypto and blockchain terms.
A decentralized exchange mechanism that uses liquidity pools and mathematical formulas instead of order books.
An organization governed by token holders through on-chain proposals and voting rather than traditional management.
Financial services — lending, trading, yield — delivered through open smart contracts rather than centralized intermediaries.
A peer-to-contract trading venue where users swap tokens directly from their wallets without custodying funds.
An uncollateralized loan that must be borrowed and repaid within a single blockchain transaction.
The temporary loss liquidity providers experience when token prices in a pool diverge from when they deposited.
A DeFi application enabling users to borrow against crypto collateral or earn yield by supplying assets.
A smart contract holding reserves of two or more tokens that facilitate decentralized trading.
The aggregate value of assets deposited into a DeFi protocol or ecosystem.
The practice of deploying capital across DeFi protocols to maximize returns from fees, interest, and incentive tokens.