DeFi Lingo 2021
API = Application Programming Interface
APY = Annual Percentage Yield
ATH = All-Time-High
ATL = All-Time-Low
AML = Anti Money Laundering
AMM = Automated Market Maker
BEP-2 (Token)= A token that runs on the Binance blockchain.
BEP-20 (Token)= A token that runs on Binance Smart Chain (BSC)
BFA = Brute Force Attack
BIP = Bitcoin Improvement Proposal
BSC = Binance Smart Chain
BTM = Bitcoin ATM
BTFD = Buy The Fucking Dip
BUSD = Binance USD, a 1:1 USD-backed stablecoin issued by Binance
CBDC = Central Bank Digital Currency
CeFi = Centralized Finance
CEX = Centralized Exchange
CT = Crypto Twitter
CII = Cryptocurrency Institutional Investor
CDP = Collateralized Debt Position
DAI = Stablecoin algorithmically pegged to $1 USD, with no volatility.
DApp = Decentralized Application
DAO = Decentralized / Distributed Autonomous Organization
DeFi = Decentralized Finance
Degens = Degenerates
DPoS: Delegate Proof-of-Stake
DLT = Distributed Ledger Technology
DEX = Decentralized Exchange
DYOR = Do Your Own Research
ERC-20 (Token) = A token that runs on the Ethereum blockchain.
ERC-721 = A token standard for non-fungible Ethereum tokens.
EVM = Ethereum Virtual Machine
EIP = Ethereum Improvement Proposal
EEA = Enterprise Ethereum Alliance
FUD = Fear, Uncertainty and Doubt
FOMO = Fear of Missing Out
Gwei = Gigawei, or 1,000,000,000 wei
Gas = Fee you pay to submit transactions to the Ethereum network.
HF = High Frequency / Hard Fork / Hash Function
HODL = Mispelled Version of hold, from the verb “to hold”.
IBO = Initial Bounty Offering
IEO = Initial Exchange Offering
IL = Impermanent Loss
IoT = Internet of Things
JOMO = Joy Of Missing Out
KYC = Know Your Customer
LN = Lightning Network
LP = Liquidity Provider / Liquidity Pool / Lending Provider
MCAP = Market Capitalization
Multisig = Multi Signature
MSB = Money Service Business
NFT = Non Fungible Token
OCO = One Cancels the Other (order)
OTC = Over The Counter
P&D = Pump & Dump
PoB = Proof of Burn
PoD = Proof of Developer
PoW = Proof Of Work
PoS = Proof Of Stake
REKT = slang for “wrecked” : severely damaged or utterly destroyed
Sat = Satoshi. Smallest BTC unit (0,00000001 BTC)
SC = Smart Contract
SEC = Securities and Exchange Commission
SegWit = Segregated Witness
ST = Security Token
SPV = Simplified Payment Verification
sUSD = Synthetic USD token enabled by the Synthetix protocol.
TLT = Think Long Term
TX = Transaction
TVL = Total Value Locked
TUSDT = TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1.
UTXO = Unspent Transaction Output
USDT = Tether, biggest stablecoin pegged to USD at 1:1.
USDC = USD Coin, stablecoin pegged to the U.S. dollar at 1:1.
Vol = Volume
wBTC = Wrapped Bitcoin, a synthetic form of BTC.
wETH = Wrapped Ether, a synthetic form of ETH.
Wei = smallest ETH unit
WP = Whitepaper
YIP = Yearn Improvement Protocol
YTD = Year To Date
YFI = Official Token of Yearn Finance Protocol