Absolute Advantage

Absolute Advantage Intermediate An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.

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.

Utility Token

Tokens that are designed specifically to be able to help people use something.