Staking Derivative

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

An aggregator brings together services and data from multiple crypto-asset platforms, including DeFi protocols, into a single interface.