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.

Ad Hoc

a Latin expression that means "for this purpose" or "specifically for this" in contemporary English.

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.

Encryption

Information can be converted into code using encryption, which conceals the true meaning of the data.