> For the complete documentation index, see [llms.txt](https://help.dedust.io/en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.dedust.io/en/start/glossary.md).

# DeDust Glossary

### **A**

<details>

<summary><strong>Aggregator</strong></summary>

A platform that consolidates [liquidity](#liquidity) from various decentralized exchanges (see [DEX](#dex)) to provide users with the best exchange rates and minimize [slippage](#slippage).

</details>

<details>

<summary><strong>Airdrop</strong></summary>

Free distribution of [tokens](#token) to users for performing certain actions or holding specific assets.

</details>

<details>

<summary><strong>AMM (Automated Market Maker)</strong></summary>

An automated market-making algorithm that determines asset prices on a [DEX](#dex) without an order book. Instead, the price is calculated using a mathematical formula based on the ratio of [tokens](#token) in the [pool](#pool).

</details>

<details>

<summary><strong>APR (Annual Percentage Rate)</strong></summary>

Annual interest rate without compound interest. Shows how much you will earn in a year under constant conditions.

</details>

<details>

<summary><strong>APY (Annual Percentage Yield)</strong></summary>

Annual [yield](#yield) including compound interest (reinvestment). Usually higher than [APR](#apr-annual-percentage-rate) as it accounts for capitalization.

</details>

<details>

<summary><strong>Arbitrage</strong></summary>

A strategy of earning on price differences of the same asset across different platforms or [pools](#pool). Arbitrageurs help equalize prices between [DEXs](#dex).

</details>

<details>

<summary><strong>ATH (All-Time High)</strong></summary>

The highest price of an asset in its entire history.

</details>

<details>

<summary><strong>ATL (All-Time Low)</strong></summary>

The lowest price of an asset in its entire history.

</details>

### B

<details>

<summary><strong>Boost</strong></summary>

A mechanic that allows anyone to add extra [token](#token) rewards for [liquidity providers](#liquidity-provider-lp) on top of exchange fees.

</details>

<details>

<summary><strong>Bridge</strong></summary>

A [protocol](#protocol-defi-protocol) for transferring [tokens](#token) between different blockchains. For example, transferring USDT from Ethereum to TON.

</details>

<details>

<summary><strong>Burning</strong></summary>

Irreversible destruction of [tokens](#token) by sending them to an inaccessible address. Reduces total supply and may help increase the price.

</details>

### C

<details>

<summary><strong>CA (Contract Address)</strong></summary>

The unique address of a [smart contract](#smart-contract) on the blockchain. Controlled by code and has no [private key](#private-key). Used to interact with [tokens](#token) and [dApps](#dapp). It is important to verify the CA to avoid buying a fake token.

</details>

<details>

<summary><strong>CEX (Centralized Exchange)</strong></summary>

A centralized exchange that custodies user funds and manages trading. Examples: Binance, Coinbase, Bybit.

</details>

<details>

<summary><strong>Constant Product Formula</strong></summary>

The formula x × y = k, which underlies most [AMMs](#amm-automated-market-maker). The product of the quantities of two [tokens](#token) in a [pool](#pool) remains constant during [swaps](#swap).

</details>

### D

<details>

<summary><strong>DAO</strong></summary>

Decentralized Autonomous Organization governed by a community of [token](#token) holders. Decisions are made collectively through voting, without central leadership.

</details>

<details>

<summary><strong>dApp</strong></summary>

A decentralized application running on a blockchain via [smart contracts](#smart-contract). A [DEX](#dex) is a type of dApp.

</details>

<details>

<summary><strong>DeFi</strong></summary>

Decentralized Finance. An ecosystem of financial services (exchange, lending, [staking](#staking)) without intermediaries, running on [smart contracts](#smart-contract).

</details>

<details>

<summary><strong>DEX</strong></summary>

A decentralized exchange for trading cryptocurrencies directly between users. Runs on [smart contracts](#smart-contract) without intermediaries. Examples: DeDust, Uniswap, PancakeSwap.

</details>

<details>

<summary><strong>DEX Aggregator</strong></summary>

See [Aggregator](#aggregator).

</details>

### E

<details>

<summary><strong>Expert mode</strong></summary>

A mode that disables the [swap](#swap) confirmation window and allows swaps with a high [price impact](#price-impact).

</details>

### F

<details>

<summary><strong>Farming (Yield Farming)</strong></summary>

A strategy for earning additional income in [DeFi](#defi) by [providing liquidity](#liquidity-provider-lp), [staking](#staking) [LP tokens](#lp-token), or participating in [protocol](#protocol-defi-protocol) reward programs.

</details>

<details>

<summary><strong>Fiat</strong></summary>

Traditional currencies (USD, EUR) not backed by physical assets, whose value is guaranteed by governments.

</details>

### G

<details>

<summary><strong>Gas</strong></summary>

A fee for executing a transaction on the blockchain. Paid in the network's [native coin](#native-coin).

</details>

<details>

<summary><strong>Governance Token</strong></summary>

A [token](#token) giving the holder voting rights in a [DAO](#dao). Allows participating in [protocol](#protocol-defi-protocol) governance, proposing, and voting on changes.

</details>

### H

<details>

<summary><strong>HODL (Hold)</strong></summary>

A strategy of long-term holding of cryptocurrency regardless of market [volatility](#volatility). Originates from a typo "I AM HODLING" on the Bitcointalk forum in 2013.

</details>

<details>

<summary><strong>Honeypot</strong></summary>

A fraudulent [token](#token) that can be bought but cannot be sold due to hidden restrictions in its [smart contract](#smart-contract). Always check the [CA](#ca-contract-address) before buying unfamiliar tokens.

</details>

### I

<details>

<summary><strong>Impermanent Loss (IL)</strong></summary>

Temporary loss for a [liquidity provider](#liquidity-provider-lp) due to changes in the [token](#token) price ratio in the [pool](#pool) compared to a simple holding strategy ([HODL](#hodl-hold)). Becomes permanent only upon withdrawal.

</details>

### J

<details>

<summary><strong>Jetton</strong></summary>

A standard for fungible tokens on the TON blockchain. Analogous to ERC-20 on Ethereum.

</details>

### K

<details>

<summary><strong>KOL</strong></summary>

Key Opinion Leader, an influential figure in the crypto community whose forecasts and recommendations are listened to by the audience.

</details>

### L

<details>

<summary><strong>Liquid Asset</strong></summary>

Assets, like USDT or GRAM, that may be easily exchanged one for another, or for [fiat](#fiat) cash, on multiple platforms, and recognized worldwide.

</details>

<details>

<summary><strong>Liquidity</strong></summary>

Funds (assets) and their sufficiency. Availability of assets for trading. High liquidity = low [price impact](#price-impact) and [slippage](#slippage) during [swaps](#swap).

</details>

<details>

<summary><strong>Liquidity Mining</strong></summary>

A reward program where a [protocol](#protocol-defi-protocol) distributes its [tokens](#token) to [liquidity providers](#liquidity-provider-lp) to attract [TVL](#tvl).

</details>

<details>

<summary><strong>Liquidity Provider (LP)</strong></summary>

[DEX](#dex) users that deposit their crypto assets into a [pool](#pool). LPs provide the fuel that lets traders [swap](#swap) one [token](#token) for another instantly. In return, LPs earn a cut of the platform's trading fees.

</details>

<details>

<summary><strong>Liquidity Pool</strong></summary>

A [smart contract](#smart-contract) containing a pair of [tokens](#token) to enable trading on a [DEX](#dex). Users deposit tokens and earn a share of trading fees.

</details>

<details>

<summary><strong>LP Token</strong></summary>

A receipt [token](#token) confirming your share in a [liquidity pool](#liquidity-pool). Can be used for [farming](#farming-yield-farming) or redeemed back for the underlying tokens.

</details>

### M

<details>

<summary><strong>Market Maker</strong></summary>

A market participant providing [liquidity](#liquidity) for trading. On [DEXs](#dex), this role is performed by [AMMs](#amm-automated-market-maker) and [liquidity providers](#liquidity-provider-lp).

</details>

<details>

<summary><strong>Multi-hop</strong></summary>

A [swap](#swap) through multiple [pools](#pool) sequentially. For example: NOT → GRAM → USDT, if a direct pair doesn't exist or if this route is more profitable.

</details>

### N

<details>

<summary><strong>Native coin</strong></summary>

A primary cryptocurrency of the blockchain built directly into it, acting as the "official currency" of that specific network. Examples: Bitcoin (BTC) on the Bitcoin network, Ether (ETH) on the Ethereum, Gram (GRAM) on The Open Network (TON, in short) blockchain.

</details>

<details>

<summary><strong>Network fee</strong></summary>

See [Gas](#gas).

</details>

<details>

<summary><strong>Non-custodial wallet</strong></summary>

A crypto [wallet](#wallet) where you control your own [private keys](#private-key). These are the secret passwords (a seed phrase) that prove ownership of your funds. Because no third party, like a bank or exchange, holds your keys, you have total control over your assets.

</details>

### O

<details>

<summary><strong>Oracle</strong></summary>

A service providing external data (usually prices) to the blockchain. Used by [DEXs](#dex) to determine fair prices and protect against manipulation.

</details>

### P

<details>

<summary><strong>Pool</strong></summary>

See [Liquidity Pool](#liquidity-pool).

</details>

<details>

<summary><strong>Private Key</strong></summary>

An alphanumeric code generated by a cryptocurrency [wallet](#wallet) to authorize transactions and prove ownership of blockchain assets. Private keys are essential for accessing cryptocurrency funds, and losing them means losing access to your crypto.

A seed phrase is typically a 12 to 24-word master backup for your crypto wallet. A private key is a long string of numbers and letters that controls a single address. Your seed phrase acts as a master key to recreate all of your private keys.

</details>

<details>

<summary><strong>Protocol (DeFi Protocol)</strong></summary>

[DeFi](#defi) protocols are open-source financial applications built on public blockchains (like TON or Ethereum) that replace traditional banking intermediaries with self-executing code, known as [smart contracts](#smart-contract). Instead of relying on a bank to facilitate transactions, or on a [centralized exchange](#cex-centralized-exchange), users interact directly with these protocols using a [self-custodial crypto wallet](#self-custodial-wallet).

</details>

<details>

<summary><strong>Protocol Fee</strong></summary>

A share of trading fees that goes to the [protocol](#protocol) (e.g., for its [token](#token) buyback and [burn](#burning) or project budget) rather than being distributed to [liquidity providers](#liquidity-provider-lp).

</details>

<details>

<summary><strong>Price Impact</strong></summary>

The effect of your trade on the asset price in the [pool](#pool). The larger the trade relative to [pool](#pool) [liquidity](#liquidity), the higher the price impact.

</details>

### Q

<details>

<summary><strong>Q-Day</strong></summary>

Quantum computers threaten to crack the cryptographic systems protecting Bitcoin and other digital assets. Experts predict this threshold - often called "Q-Day" - could arrive as early as 2029.

</details>

### R

<details>

<summary><strong>Routing</strong></summary>

The path a [token](#token) [swap](#swap) takes. [Aggregators](#aggregator) find the optimal route through various [pools](#pool) and [DEXs](#dex) for the best price.

</details>

<details>

<summary><strong>Rug Pull</strong></summary>

A fraudulent scheme where project creators suddenly withdraw [liquidity](#liquidity) or user funds.

</details>

### S

<details>

<summary><strong>Self-custodial wallet</strong></summary>

See [Non-custodial wallet](#non-custodial-wallet).

</details>

<details>

<summary><strong>Slippage</strong></summary>

The difference between the expected and actual transaction price. Occurs due to price changes between transaction submission and execution, caused by low [liquidity](#liquidity) / high [volatility](#volatility).

</details>

<details>

<summary><strong>Slippage Tolerance</strong></summary>

The maximum allowable [slippage](#slippage) you set. If the price changes more than this, the transaction is cancelled.

</details>

<details>

<summary><strong>Smart Contract</strong></summary>

A program code on a blockchain that automatically executes when specified conditions are met. [DEXs](#dex) run on smart contracts.

</details>

<details>

<summary><strong>Snapshot</strong></summary>

A "snapshot" of the blockchain state at a specific moment (at a specific block number). Used to record wallet balances before [token](#token) distributions (see [Airdrop](#airdrop)) or to determine voting rights in governance (see [DAO](#dao)).

</details>

<details>

<summary><strong>Split Swap</strong></summary>

Splitting a single [swap](#swap) into parts across different [pools](#pool) or [DEXs](#dex) to minimize [price impact](#price-impact). Used by [aggregators](#aggregator).

</details>

<details>

<summary><strong>Stablecoin</strong></summary>

A cryptocurrency pegged to a stable asset (usually the dollar). Examples: USDT, USDC.

</details>

<details>

<summary><strong>Staking</strong></summary>

Locking [tokens](#token) to receive rewards. Can be native (network validation) or in [DeFi protocols](#protocol-defi-protocol).

</details>

<details>

<summary><strong>Swap</strong></summary>

Exchanging one [token](#token) for another on a [DEX](#dex). Unlike trading on a [CEX](#cex-centralized-exchange), it happens directly via a [smart contract](#smart-contract).

</details>

### T

<details>

<summary><strong>Token</strong></summary>

See [Jetton](#jetton).

</details>

<details>

<summary><strong>TVL</strong></summary>

Total Value Locked in a [DeFi protocol](#protocol-defi-protocol). An indicator of trust and protocol size.

</details>

<details>

<summary><strong>TWAP (Time-Weighted Average Price)</strong></summary>

A strategy of executing a large order by breaking it down over time to get an average price and minimize [price impact](#price-impact).

</details>

### U

<details>

<summary><strong>UI/UX</strong></summary>

User Interface (colors, typography, and button placements) / User Experience (overall feel and functionality of the product, ensuring it is intuitive and solves users problems).

</details>

<details>

<summary><strong>Uranus</strong></summary>

[Uranus](https://x1000.finance/uranus) is a launchpad (and a [DeFi protocol](#protocol-defi-protocol)) by [x1000](#x1000) and DeDust team.

</details>

### V

<details>

<summary><strong>Volatility</strong></summary>

A statistical measure characterizing asset price variability. High volatility is the norm in the crypto world.

</details>

### W

<details>

<summary><strong>Wallet</strong></summary>

An application for storing cryptocurrencies and interacting with the blockchain. A [non-custodial wallet](#non-custodial-wallet) is required for [DEXs](#dex). Examples: My Wallet, Unistash, Tonkeeper.

</details>

### X

<details>

<summary><strong>x1000</strong></summary>

[x1000.finance](https://x1000.finance) is the first trading terminal on TON blockchain, built by DeDust team. A pro-level trading tool, that lets you track [token](#token) price movements in real time, quickly buy coins, monitor your portfolio’s value dynamics, and much more.

</details>

### Y

<details>

<summary><strong>Yield</strong></summary>

Profit from [DeFi](#defi) operations: [staking](#staking) rewards, [LP](#liquidity-provider-lp) fees, [farming](#farming-yield-farming) program [tokens](#token).

</details>

### Z

<details>

<summary><strong>ZK-Proof (Zero-Knowledge Proof)</strong></summary>

A cryptographic method that allows a party to prove their possession of certain information without revealing the information itself. Used in blockchain for privacy.

</details>