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      • 1️⃣1⃣ Background
        • 1.1 Background
        • 1.2 Introduction
      • 2️⃣2⃣ Architecture
        • 2.1 Message Propagation Protocol
        • 2.2 Message Formatting Overview
        • 2.3 APIS Core Contracts
        • 2.4 Governance Contract (GC)
        • 2.5 Dispute Resolution Contract (DRC) Factory
        • 2.6 Optimistic Rollup Contract
      • 3️⃣3⃣ Applications
        • 3.1IDs
        • 3.2 API Token
        • 3.3 Token Distribution, Community Ownership
      • 4️⃣4⃣ Discussion
      • 5️⃣5⃣ Appendix
        • 5.1 REST History and Analysis
        • 5.2 REST APIs in Practice
        • 5.3 Strengths and Weaknesses of REST
        • 5.4 GraphQL History and Analysis
        • 5.5 GraphQL as a ‘Fetching Tree’
        • 5.6 Anatomy of a GraphQL Request
        • 5.7Note on GraphQL Resolvers:
        • 5.8 Direct Comparison
        • 5.9 Weaknesses of GraphQL
      • 6️⃣6⃣ Bibliography
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  1. Academy
  2. On-Chain Glossary

DeFi

This page provides a quick reference glossary for many terms that are utilised in DeFi analysis.

Terminology
Synonyms
Description

AMMs

Automated Market Maker

A decentralized asset trading pool that enables market participants to buy or sell cryptocurrencies. Uniswap is the most well-known AMM.

BTC

Bitcoin

The first cryptocurrency, for which Blockchain was conceived and the forst blockchain platform created

CEX

Centralized Exchange

ith a physical address and a corporate structure, subject to applicable laws, codes of practice and regulations of the jurisdictions in which it operates.

DAO

Distributed Autonomous Organization

Can be defined as an ‘organisation’ on a blockchain, represented by a set of rules encoded as a computer program (on a blockchain) that is transparent, controlled by the organization members and not influenced by a central government.

DEX

Distributed Exchange

In DeFi a DEX is a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.

ETH

Ethereum

Ethereum launched in July 2015, allows for much more complexity using smart contracts, its own design protocols and programming language.

Fiat

Fiat Money

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Fiat currency is legal tender in (at least) its home jurisdiction, whereas many or most cryptocurrencies are not.

GameFi

GameFi is an amalgam of two words: gaming and decentralized finance (DeFi). It is also referred to as play-to-earn (P2E) games.

Leverage

In DeFi it more specifically refers to the use of multipliers on exchanges

Slippage

Slippage refers to a difference in price between buyer and seller expectations. Slippage can lead to a final sale price of the asset that is either more or less than the requested transaction amount.

TVL/TLV

The Total Value Locked

Total Locked Value (TLV) is a measure of the dollar value of all the investor deposits in coins or tokens locked into a platform, protocol, lending program, yield farming program, or insurance liquidity pool.

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