Glossary of Terms

Our repository of frequently used terms.

Cardano (ADA)

Cardano is the widely-adopted, scalable Proof-of-Stake (POS) layer-1 blockchain, founded by Charles Hoskinson.

Decentralized Exchange (DEX)

Decentralized Exchanges (DEXs) allow users to trade cryptocurrencies in a non-custodial manner without relying on intermediaries to facilitate the transfer and custody of funds.

Decentralized Finance (DeFi)

Decentralized finance or DeFi is a financial system that reimagines financial transactions by removing intermediaries and is based on blockchain technology. Various financial transactions are possible with DeFi's 'smart contracts' that execute financial transactions under certain conditions.

Non-Fungible Tokens (NFTs)

An NFT is a digital asset representing real world objects like art, music, videos, and in-game items. NFTs are bought and sold online, frequently with cryptocurrency, and are encoded with blockchain technology.

Initial Stake Pool Offering (ISPO)

An ISPO is a new revolutionary fundraising mechanism that allows for investors to participate in upcoming protocols launching on Cardano.

Impermanent Loss (IL)

Impermanent loss describes the temporary loss of funds occasionally experienced by liquidity providers because of volatility in a trading pair.