Decentralized Exchange (DEX)

A trading platform that doesn't hold users' funds for them and doesn't require them to deposit money in order to start trading. Users trade straight from their own wallets instead.

Node

An essential component of a blockchain infrastructure, a node stores data and allows all communication (transactions) to pass through it.

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.

Utility Token

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