APY
Annualised Percentage Yield (APY) is the actual rate of return on an investment over one year. It’s not only used in the investment industry, but also in DeFi and particularly in yield farming features and liquidity supply programmes.
Correlated words
Liquid Staking
Staking mode that allows one's stake to be used in other protocols.
TVL
Total amount of crypto blocked in a DeFi protocol or decentralised application (dApp).
Wrapped Token
A token representing the value of a cryptocurrency in another blockchain standard.
Bonding
A process in which cryptocurrencies are blocked as a form of commitment to obtain benefits or the right to perform certain activities in a network.
Staking Derivative
Derivatives of staking systems whose value depends on the performance of the staked native tokens and the amount of rewards issued by the network
Yield Farming
A typical feature of decentralised finance (DeFi) that allows people to put their cryptocurrencies to work for a return.
Swap
The conversion of tokens into other tokens on a decentralised exchange.
Staking
Depositing and holding cryptocurrencies on certain blockchains to obtain cryptocurrency incentives.
Smart Contract
An agreement in digital form that allows actions to be triggered automatically if certain conditions are met.
Crypto Lending
A financial service that allows lending and borrowing cryptocurrencies on a centralised or decentralised platform
ERC-20
The Ethereum token standard that has enabled hundreds of projects to launch their own cryptocurrency on Ethereum.
DEX
A Decentralised Exchange allows cryptocurrency trading without intermediaries and directly on the blockchain.
DeFi
Decentralised Finance includes all blockchain-based and decentralised financial solutions.
DApp
Decentralised application allowing the use of a blockchain-based service.
DAO
The Decentralised Autonomous Organisation is a form of automated blockchain governance.
CeFi
Centralised finance is the centralised counterpart of DeFi, but should not be confused with traditional finance.
Arbitrage
Buying and selling in different markets in order to take advantage of the disparity in prices.
APR
The annual percentage rate you receive for an investment or loan.
AMM
Automated Market Makers are smart contracts adopted by decentralised exchanges to automatically execute orders.
Aggregator
An online collector of similar content or services from different sources for easy access. An example is Yearn Finance
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