Offshore account

A bank account that is registered in a country other than the one in which the owner was born is called an offshore account.

Impermanent Loss

When there is a price difference between the two assets a trader owns on a DEX, often a cryptocurrency and a stablecoin (such as USDC), impermanent loss might occur.

Governance Token

Developers design governance tokens to let token holders influence the direction of a protocol.

Off-Chain

All network users can see on-chain transactions because they are recorded on the distributed ledger. Off-chain transactions, however, take place away from the blockchain network