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Explore 163+ clear, technical, and objective definitions defining the decentralized future.
A governance token is a token that grants its holders the right to vote on changes to a protocol — fee parameters, treasury spending, code upgrades, or strategic decisions. Holding the token is the on-chain equivalent of owning a share of the project's decision-making.
A physical, offline device (such as Ledger Nano S/X, Trezor Model T, or KeepKey) that securely stores your cryptocurrency private keys and signs transactions without ever exposing the keys to the internet or your computer/phone.
Hash rate measures the total computational power used in mining.
"Hold On for Dear Life" — a long-term passive investment strategy of holding cryptocurrencies through volatility without selling, originally from a 2013 Bitcoin forum typo for "hold."
A honeypot contract is a malicious token or smart contract designed so that buyers can purchase it but cannot sell. The code includes hidden restrictions — blacklists, tax functions, or transfer locks — that only trigger when a non-deployer wallet tries to exit.
A hot wallet is a crypto wallet connected to the internet, typically used for quick access, trading, transfers, and interacting with decentralized applications.
A large order split into smaller visible portions ("display size") while hiding the full quantity to avoid market impact.
An Initial Coin Offering, or ICO, is a fundraising method where a new crypto project sells tokens to early supporters before or near launch in order to raise capital.
An order that executes immediately what it can at the specified price/limits, then cancels any unfilled portion.
Impermanent loss is the temporary loss in value that a liquidity provider may experience when the price of the tokens in a liquidity pool changes compared with simply holding those tokens in a wallet.
One-click swap between two cryptocurrencies or fiat-to-crypto at the current market rate (no order book).
Intent-based trading is an execution model where a user expresses what they want — "sell 1 ETH for at least 3,800 USDC on any chain within 5 minutes" — and a competitive network of solvers figures out how to fulfill it, returning the best outcome.
Moving funds between different wallets on the same CEX (spot futures margin, etc.) instantly and for free.
Margin mode where a fixed amount of collateral is allocated to one specific position only; losses are limited to that allocation.
JIT Liquidity (Just-In-Time) JIT liquidity is a strategy on concentrated-liquidity AMMs where a sophisticated LP detects an incoming large swap in the mempool, deposits a massive, tightly-ranged position immediately before the swap executes, captures most of the trading fee, and withdraws the position in the next block.
Identity verification process required by most CEX to comply with regulations (upload ID, selfie, etc.).
Borrowing funds from an exchange to amplify position size (e.g., 10x leverage turns $1,000 into $10,000 exposure).
An order to buy or sell only at a specific price (or better) that you set.
A Liquid Restaking Token (LRT) is a token that represents a position in a restaking protocol — like EigenLayer — where staked ETH (or LSTs) is re-pledged to secure additional services beyond Ethereum itself. Holding the LRT is equivalent to holding restaked exposure that remains liquid and transferable.
A Liquid Staking Token (LST) is a tokenized representation of staked assets — most commonly ETH — that remains transferable and usable across DeFi while the underlying stake continues to earn validator rewards. Examples include stETH, rETH, and similar tokens on other proof-of-stake chains.