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.

Governance Token

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

Active Management

Active management in crypto refers to an investment strategy where portfolio managers actively make buying and selling decisions to try to outperform the market and generate higher returns.

Fiat

Fiat money, often known as fiat currency, is money that a government has recognized as legal tender and that it supports.