📖Glossary
Decentralized Exchange (DEX): A digital platform that enables peer-to-peer cryptocurrency trading without the need for intermediaries or central authority.
Liquidity Pool: A pool of funds contributed by users on a DEX, used to facilitate trading and provide liquidity for various trading pairs.
Automated Market Maker (AMM): A smart contract-based algorithm used in DEXs to automatically determine token prices and facilitate trades.
Smart Contract: Self-executing digital contracts that automatically enforce the terms of an agreement on a blockchain.
Token Swap: The process of exchanging one type of cryptocurrency token for another directly on a DEX.
Impermanent Loss: A temporary loss experienced by liquidity providers on a DEX due to fluctuations in the value of deposited assets.
Order Book: A record of all buy and sell orders placed by traders on a DEX, displaying the current market depth and prices.
Slippage: The difference between the expected price of a trade and the executed price, often encountered during periods of high volatility.
Gas Fees: Transaction fees paid to miners or validators for processing and validating transactions on a blockchain network.
Wallet Integration: The ability to connect a digital wallet to a DEX, allowing users to securely manage and transfer their funds for trading purposes.
You can face those termins during documentation or in any form in the website or app. There are their definitons.
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