DEFI TERMINOLOGIES PART 2
This is a continuation of our previous tweet on DeFi terms, also included on this thread are certain slangs used
This is a continuation of our previous tweet on DeFi terms, also included on this thread are certain slangs used
1. STAKING: This is the process of locking up your crypto asset in a DEx inorder for them to be used to validate transactions while you receive rewards for it
2. LIQUIDITY: This is the ease at which a crypto asset can be converted into cash or other coins
2. LIQUIDITY: This is the ease at which a crypto asset can be converted into cash or other coins
3. LIQUIDITY POOL: This is a pool that contains crypto assets that are kept to facilitate trade in a DEX; same as staking but done with 2tokens
4. ORACLES: This is a computer program that stands as a bridge between the outside world and the Blockchain
4. ORACLES: This is a computer program that stands as a bridge between the outside world and the Blockchain
5. FUD: An acronym for Fear, Uncertainty and Doubt which means events and news that causes a negative effect on the market
6. WHALE: A wealthy individual or firm that moves large amounts of cryptocurrency and his buys/sells always have an effect in the market
6. WHALE: A wealthy individual or firm that moves large amounts of cryptocurrency and his buys/sells always have an effect in the market
7. VENTURE CAPITALIST: A private investor that provides funds/capital to companies or projects with large growth potential in exchange for equity stake.
8. MOON: A believe that the price of a cryptocurrency will move exponentially in price
8. MOON: A believe that the price of a cryptocurrency will move exponentially in price
9. REKT: A slang for 'wrecked' meaning a great lost in money after purchasing a crypto asset
10. LAMBO: A slang for 'wealth' meaning good profits made from purchasing a crypto asset
11. HODL: A misspelled word for 'HOLD' used when a person buys a crypto asset and intend to hold
10. LAMBO: A slang for 'wealth' meaning good profits made from purchasing a crypto asset
11. HODL: A misspelled word for 'HOLD' used when a person buys a crypto asset and intend to hold
for a while inorder to make profit
12. BULLISH: The upward movement of the market
13. BEARISH: The downward movement of the market
14. ATH: All time high meaning the highest price a crypto asset has ever attained
15. ATL: All Time low meaning the lowest price a crypto asset
12. BULLISH: The upward movement of the market
13. BEARISH: The downward movement of the market
14. ATH: All time high meaning the highest price a crypto asset has ever attained
15. ATL: All Time low meaning the lowest price a crypto asset
has ever attained
16. DYOR: 'DO YOUR OWN RESEARCH' a means of informing prospective investors of an asset to first make their own research inorder to under the asset before buying
17. PAPER HAND: A coin holder prone to sell at the first sign of a reduction in price of an asset1
16. DYOR: 'DO YOUR OWN RESEARCH' a means of informing prospective investors of an asset to first make their own research inorder to under the asset before buying
17. PAPER HAND: A coin holder prone to sell at the first sign of a reduction in price of an asset1
18. DIAMOND HAND: A coin holder who believes in a project and holds for a long time for maximum profits
19. POS: Proof of Stake mechanism of validating transaction on the Blockchain
20. POW: Proof of Work mechanism of validating transaction on the Blockchain
19. POS: Proof of Stake mechanism of validating transaction on the Blockchain
20. POW: Proof of Work mechanism of validating transaction on the Blockchain
BONUS
* WAGMI: WE ALL GONA MAKE IT
* MOONBOY: A person who forever remains bullish and believes there are endless opportunities in the DeFi world that can always yield profit
* WAGMI: WE ALL GONA MAKE IT
* MOONBOY: A person who forever remains bullish and believes there are endless opportunities in the DeFi world that can always yield profit
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