Kryptowährungs-Glossar

A trading mechanism that uses a pricing function and liquidity pools instead of a traditional order book. Users trade a…

Decentralized finance: financial services built on public blockchains using smart contracts. DeFi applications can enab…

An exchange protocol where trades are executed by smart contracts rather than a centralized operator. DEXes often use a…

A loan that must be borrowed and repaid within the same transaction, enabled by atomic execution. Flash loans allow com…

A pool of tokens locked in a smart contract to facilitate trades, lending, or other functions. Liquidity providers depo…

A user who supplies assets to a liquidity pool. In return, they usually receive a claim token and earn trading fees pro…

A mechanism that provides external data (such as prices) to smart contracts. Oracles can be centralized or decentralize…