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

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Glossary

Terms50 shown

AEROAerodrome's liquid native token, used to reward liquidity providers and lockable in exchange for veAERO.
Angel InvestorA high-net-worth individual who uses personal capital to fund an early-stage startup in exchange for equity or convertible debt.
Ask PriceThe lowest price a seller is willing to accept when selling an asset on an exchange.
BNSOLA tradable liquid staking token representing SOL staked by users on Binance; it accrues staking rewards and can be redeemed for SOL at the exchange rate.
Chicago Board Options Exchange Volatility Index (VIX)An index that uses option prices for S&P 500 constituents to estimate expected market volatility over the next 30 days.
CoinA cryptocurrency or digital cash that operates independently of other platforms and can be used to exchange value.
DeFiA decentralized financial system that conducts activities such as lending and exchange through blockchain protocols.
DeFi tokensAssets associated with decentralized finance applications, including lending platforms, decentralized exchanges, and yield protocols.
Decentralized Exchange (DEX)An exchange that does not require users to deposit funds first and does not take custody of user funds.
ETFAn exchange-traded fund, which is a fund product that can be traded on the market like a stock.
ExchangeA platform that provides a marketplace where users can buy and sell assets.
Fungible tokensTokens whose individual units have equivalent value and properties and can be exchanged with one another.
Index PriceA reference price for an asset, usually derived from the average spot prices on several major exchanges.
Initial Exchange Offering (IEO)A fundraising method organized or operated by a cryptocurrency exchange.
Inter-Blockchain Communication (IBC)A dedicated messaging protocol used by the Cosmos ecosystem that enables independent blockchains to exchange assets without relying on a single centralized operator.
InteroperabilityThe ability of different blockchains to connect, communicate, and exchange assets and data with one another.
IoTThe Internet of Things, a field in which connected devices can communicate, collaborate, and autonomously exchange value through microtransactions.
Layer-2A network architecture that returns settlement to the base chain and must reliably exchange data with that chain.
M2M TransactionA machine-to-machine exchange of services, data, or resources in which devices can autonomously transfer value through microtransactions.
Mark PriceThe exchange-calculated reference for the contract’s fair value, used to measure unrealized profit and loss, check margin, and trigger liquidation.
Non-fungible tokensTokens whose individual units have unique properties and cannot be exchanged equally for other tokens.
Over the Counter (OTC) tradingA method of buying and selling tokens outside an exchange’s public order book, helping avoid large orders directly affecting the available execution volume in the order book.
Store of ValueRefers to an asset that can be saved and exchanged in the future, while seeking to preserve or increase its value.
TradFiA category of perpetual contracts that tracks the prices of traditional financial assets such as stocks, commodities, and foreign exchange.
Utility tokensTokens typically used to access a specific service or serve as a medium of exchange within an ecosystem.
initial exchange offering (IEO)A fundraising method organized and conducted by a cryptocurrency exchange.
non-fungible token (NFT)A token with unique metadata, provenance, or characteristics, so it cannot be assumed to be exchangeable with another token on a one-for-one basis.
non-fungible tokens (NFTs)Unique tokens that cannot be directly exchanged for one another.
centralized exchange (CEX)A platform that uses an order book to match buy and sell orders and exchange crypto assets at the market price of a trading pair.
centralized exchange (CEX)A platform operated by a central organization that manages trading and is presented in the evidence as a competitor to decentralized exchanges.
Centralized cryptocurrency exchange (CEX)A platform on which a centralized institution holds user assets in custody and processes cryptocurrency trades.
InteroperabilityThe ability of different blockchains to work together and exchange information or perform operations despite differences in their technical rules and implementations.
Trading pairA combination representing the exchange relationship between two assets, where one asset is quoted in terms of the other.
Exchange-Traded Fund (ETF)An investment fund traded on a securities exchange, usually designed to track the performance of a specific index or asset.
Proof of ReservesA verification method used to check whether custodians such as exchanges hold sufficient funds to cover their customers' balances.
Proof of Reserves (PoR)A verification mechanism exchanges use to show that they hold enough funds to cover assets held for users at a 1:1 ratio.
Cryptocurrency ETFAn exchange-traded fund that gives investors exposure to cryptocurrency markets through fund shares without requiring them to hold or manage cryptocurrency directly.
Atomic SwapA technique that uses smart contracts to exchange two cryptocurrencies directly without relying on a centralized intermediary such as an exchange.
Decentralized exchange (DEX)A trading platform that does not custody users’ funds, where trades are generally executed directly through users’ wallets.
decentralized exchange (DEX)A platform protocol that lets users trade digital assets without an intermediary.
Decentralized exchange (DEX)A platform that operates through blockchain smart contracts and typically allows users to trade directly from their own wallets.
Fixed exchange rateAn exchange-rate regime set by a government or central bank and maintained at a target level through market intervention.
Over-the-Counter (OTC) TradingA trading method in which the two parties negotiate the price and quantity directly rather than using an exchange's order book.
Fully Reserve-BackedDescribes an exchange whose reserves for an asset equal or exceed the total amount of that asset deposited by users.
Pegged currencyA currency whose value is referenced to another currency, commodity, or basket of currencies, with the aim of reducing exchange-rate volatility.
Leveraged ETFAn exchange-traded fund that uses derivatives such as swaps, futures, or options to seek to amplify the daily return of an underlying asset by a fixed multiple.
Exchange rateThe exchange ratio between two currencies, indicating how much quote currency can be exchanged for one unit of the base currency.
Floating exchange rateAn exchange-rate system in which the exchange rate is determined primarily by supply and demand in the foreign-exchange market, with the government or central bank not committing to maintain a specific price.
Crawling pegAn exchange-rate regime that allows the peg target to adjust gradually over time to reflect economic conditions or changes in the value of the reference currency.
Spot tradingA form of trading in which one asset is directly exchanged for another at the current market price.

Definition

DeFi tokens

Assets associated with decentralized finance applications, including lending platforms, decentralized exchanges, and yield protocols.

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