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Explore 202+ clear, technical, and objective definitions defining the decentralized future.
A large order split into smaller visible portions ("display size") while hiding the full quantity to avoid market impact.
An Initial Coin Offering, or ICO, is a fundraising method where a new crypto project sells tokens to early supporters before or near launch in order to raise capital.
An order that executes immediately what it can at the specified price/limits, then cancels any unfilled portion.
Impermanent loss is the temporary loss in value that a liquidity provider may experience when the price of the tokens in a liquidity pool changes compared with simply holding those tokens in a wallet.
One-click swap between two cryptocurrencies or fiat-to-crypto at the current market rate (no order book).
Intent-based trading is an execution model where a user expresses what they want — "sell 1 ETH for at least 3,800 USDC on any chain within 5 minutes" — and a competitive network of solvers figures out how to fulfill it, returning the best outcome.
Moving funds between different wallets on the same CEX (spot futures margin, etc.) instantly and for free.
Margin mode where a fixed amount of collateral is allocated to one specific position only; losses are limited to that allocation.
JIT Liquidity (Just-In-Time) JIT liquidity is a strategy on concentrated-liquidity AMMs where a sophisticated LP detects an incoming large swap in the mempool, deposits a massive, tightly-ranged position immediately before the swap executes, captures most of the trading fee, and withdraws the position in the next block.
Identity verification process required by most CEX to comply with regulations (upload ID, selfie, etc.).
A Layer 1 is a base blockchain network that processes and secures transactions directly.
A Layer 2 is a scaling network built on top of a Layer 1 blockchain.
Borrowing funds from an exchange to amplify position size (e.g., 10x leverage turns $1,000 into $10,000 exposure).
An order to buy or sell only at a specific price (or better) that you set.
A limit price is the maximum price a buyer is willing to pay or the minimum price a seller is willing to accept when placing a limit order on an exchange.
A Liquid Restaking Token (LRT) is a token that represents a position in a restaking protocol — like EigenLayer — where staked ETH (or LSTs) is re-pledged to secure additional services beyond Ethereum itself. Holding the LRT is equivalent to holding restaked exposure that remains liquid and transferable.
A Liquid Staking Token (LST) is a tokenized representation of staked assets — most commonly ETH — that remains transferable and usable across DeFi while the underlying stake continues to earn validator rewards. Examples include stETH, rETH, and similar tokens on other proof-of-stake chains.
Ease of buying/selling an asset without significantly moving its price (high liquidity = tight bid-ask spreads and fast fills).
A liquidity pool is a collection of crypto assets locked in a smart contract that allows users to trade tokens on decentralized exchanges without relying on a traditional order book.
A mainnet is the live version of a blockchain where real transactions and real assets are used.