Aggregator

An aggregator is a software application that collects and combines content, services and data from multiple sources, making them accessible through a single interface. Its purpose is to reduce the steps needed to consult information or use services spread across different platforms.

In the crypto-asset sector (also known as crypto-assets), an aggregator serves as a unified access point to a range of decentralised finance (DeFi) services, allowing users, for example, to compare the terms of different protocols without interacting with each one individually.

Examples of aggregators include Yearn Finance in decentralised lending protocols and 1inch for token swaps across decentralised exchanges. These protocols operate through smart contracts and involve specific risks, including technical risks associated with the code and the variability of the underlying protocols’ conditions.

Disclaimer: Young Platform does not offer the service described in this entry. DeFi aggregators and the protocols to which they refer do not fall within the scope of crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and are not subject to the corresponding regulatory protections. For details on the services actually provided by Young Platform, please refer to the General Terms and Conditions.

Correlated words

Liquid Staking

Liquid staking is a form of staking that issues a token representing the locked assets, which can be used while the assets remain locked.

TVL

Le TVL (Total Value Locked) est la valeur totale des crypto-actifs verrouillés dans un protocole de finance décentralisée à un instant donné.

Wrapped Token

A Wrapped Token represents the value of one crypto on a different blockchain standard, facilitating cross-chain transactions and usage.

Bonding

Bonding is the mechanism by which a protocol acquires liquidity or assets by offering its own tokens in exchange, often at a discount.

Staking Derivative

A staking derivative is a token representing staked crypto-assets and their rewards, which can be used while staking is active.

Yield Farming

Yield farming is the use of crypto-assets in DeFi protocols to obtain variable rewards, for example by providing liquidity.

Swap

Swap is the exchange of one crypto token for another via a decentralised platform, enabling seamless asset conversion.

Staking

Staking is the locking of crypto-assets to help secure a Proof-of-Stake blockchain, in exchange for variable, protocol-dependent rewards.

Smart Contract

A smart contract is a program that runs automatically on a blockchain when the predefined conditions written in its code are met.

Crypto Lending

Crypto lending is the lending of crypto-assets to third parties in exchange for variable rewards that depend on the protocol.

ERC-20

ERC-20 is the technical standard that defines the common rules for fungible tokens created on the Ethereum blockchain (ERC-20 tokens).

DEX

A DEX is a decentralised exchange that allows crypto-assets to be swapped through smart contracts, without a central intermediary.

DeFi

DeFi (decentralised finance) is the set of financial services that operate through smart contracts, without central intermediaries.

DApp

A DApp is a decentralised application that runs on a blockchain via smart contracts, without relying on a central server.

DAO

A DAO is a decentralised autonomous organisation, managed through smart contracts and rules voted on by its participants.

CeFi

CeFi (Centralised Finance) refers to crypto-asset services provided by centralised operators acting as intermediaries between users.

Arbitrage

Arbitrage is a strategy that exploits price differences in the same asset across markets to capture a margin.

APY

APY (Annual Percentage Yield) is the annual percentage rate that takes into account the compounding of the amounts accrued.

APR

APR (Annual Percentage Rate) represents the annual percentage rate of an asset, calculated without taking compounding into account.

AMM

AMMs (Automated Market Makers) are smart contracts that facilitate the exchange of crypto-assets on decentralised exchanges (DEX).

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