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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms39 terms

DAO (Decentralized Autonomous Organization)A community-led organization that uses Ethereum smart contracts to establish its fundamental rules and execute collective decisions.
ERC-20A widely used token standard on the Ethereum network that specifies implementation rules for token contracts and supports ecosystem application integration.
Ethereum Virtual Machine (EVM)以太坊网络节点运行的虚拟机，用于执行 smart contracts。
Futures contracts文中所述的期货合约市场中，参与者可以交易合约而不一定打算交割标的资产。
Mark PriceThe exchange-calculated reference for the contract’s fair value, used to measure unrealized profit and loss, check margin, and trigger liquidation.
Platform tokensAssets used to support blockchain network operations, pay transaction fees, and execute smart contracts.
SPLA standard that specifies how tokens operate and interact on the Solana network, and supports interoperability with wallets and smart contracts.
Token honeypotsA trap that allows users to buy tokens but uses malicious smart contracts to prevent ordinary users from selling or impose heavy penalties on them.
TradFi perpetual contractA perpetual contract that tracks traditional financial assets such as stocks, ETFs, commodities, or indices, without conferring ownership of the underlying asset.
smart contract可按预设规则追踪产品、确定所有权，并在货物交付等条件满足时自动执行付款的系统。
smart contract security audit针对已部署智能合约代码的特定风险进行的安全审计。
smart contracts在 Ethereum Virtual Machine (EVM) 中执行的程序。
Decentralized exchange (DEX)A platform that operates through blockchain smart contracts and typically allows users to trade directly from their own wallets.
Decentralized Application (DApp)An application that operates on blockchain technology and smart contracts, which can be used to build user-facing AI agent services.
Physical deliveryUpon expiration of a futures contract, the actual underlying asset is delivered to the buyer.
Hedging close-outEstablishing a contract of equal size in the opposite direction to offset the original futures position.
Rollover CostCosts that may arise when switching to a new contract after a futures contract expires; over the long term, they may erode the returns of products employing futures strategies.
Bollinger Band SqueezeA condition in which the upper and lower bands contract tightly, indicating currently low volatility and potentially foreshadowing increased volatility, but not the direction of price movement.
AuthorizationPermission allowing another entity or contract to perform specified operations; the scope and authorized party must be reviewed.
FlagA narrow upward or sideways consolidation phase that appears after the flagpole, during which trading volume typically contracts.
Smart contractA program that executes according to network rules and may contain vulnerabilities, upgrade privileges, and external dependencies.
Smart Contract LayerThe architectural layer responsible for smart contract automation, verification, and execution.
Smart Contract WalletA cryptocurrency wallet that uses programmable smart contracts to set transaction rules, automatically execute operations, and configure security measures.
Futures contractA standardized derivatives agreement under which both parties agree to buy or sell a specified quantity of an asset at a predetermined price on a specified future date.
Leveraged ETF Perpetual ContractA derivative contract with no expiration date that tracks the price of a leveraged ETF and does not represent ownership of actual ETF shares.
Perpetual contractA derivative contract with no expiration date that can be held continuously, using a funding rate mechanism to help keep its price close to that of the underlying asset.
Premium IndexAn indicator reflecting the difference between a contract price and the spot price of the corresponding asset; it is one of the main factors used to calculate the funding rate.
Gas FeeThe transaction fee required to execute an EVM transaction; its amount may vary depending on contract complexity and network activity.
State growthThe phenomenon of persistent data, such as accounts and contracts, continuously increasing; excessively rapid growth raises nodes’ storage and operating costs.
Cash SettlementUpon the expiration of a futures contract, cash is transferred based on the difference between the contract price and the market price of the underlying asset.
Algorithmic stablecoinA type of stablecoin that primarily uses algorithms and smart contracts to adjust supply and demand in an attempt to maintain a target price; reserve arrangements vary by design.
Contractionary monetary policyA policy that curbs excessively rapid economic growth and inflation by reducing the money supply or raising interest rates.
Honeypot tokenA type of token with specific contract restrictions and risk characteristics that may make it difficult for holders to sell; the token review skill may attempt to identify related indicators.
Funding rateA fee paid periodically between long and short positions to help keep the price of a perpetual contract close to the price of the underlying asset.
Funding feeIn the perpetual contract market, holders of long and short positions periodically pay fees to each other based on the funding rate.
Soft landingA gradual, measured slowdown in economic growth intended to avoid a sharp contraction and severe recession.
Forward ContractA privately negotiated, customizable agreement between two parties, typically traded over the counter.
On-chain metadataMetadata written directly into a smart contract and readable without relying on external servers.
Zero addressA special address in the form 0x000…0, which can be used to represent native tokens that do not have a conventional contract address.

Definition

Forward Contract

A privately negotiated, customizable agreement between two parties, typically traded over the counter.

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