Yield farming or liquidity harvesting involves lending cryptocurrency to a DeFi protocol in return for yield. Although the terms are used interchangeably, yield farming differs from staking. In yield farming, users simply deposit their crypto on DeFi platforms for returns. However, staking involves locking up funds to support a project by becoming a block validator …
WGMI is crypto slang for ‘We’re Gonna Make It!’. WGMI is used to stress the fact that a project would succeed by recording huge profits, or a crypto investor could get a huge profit on a certain trade. The slang is often used by community members who believe in a project and are willing to …
Wen Moon is a Slang term that is proclaimed in cryptocurrency groups, similar to the expression To The Moon. ‘Wen Moon’ is one of the most popular crypto memes and contains a deliberate misspelling of the word “When.” Anytime the question, wen moon? is asked, they’re simply asking, “When will the price of this cryptocurrency …
Web 3.0 is the third generation of internet services for websites and applications that offers a more personalized web experience. Web 3.0 is also known as the “semantic web” as it is designed to process and analyze every data available on the web to generate content particularly suited for every user at a much faster …
A wallet is a platform that allows users to store and manage their cryptocurrencies. A wallet can come in the form of a device, physical medium, application program, or web service. Some wallets can store only one digital asset, like the Ethereum wallet, while others allow you to store multiple coins.
The most popular metric for DeFi is the TVL – Тotal Value Locked. TVL represents the total value of crypto that is “locked” or stored in decentralized finance (DeFi) protocols or smart contracts. It represents the amount of capital that is currently in “use” across the entire DeFi ecosystem. When the TVL of a DeFi …
What does Total Value Locked (TVL) mean in Crypto? Read More »
A testnet is a separate blockchain used by developers for testing new functionalities and features. A testnet is crucial for the development of a crypto project. Using a testnet, developers can carry roll-out upgrades on their network without the risk of compromising the correct functioning of the main network. While running new upgrades on the …
As the name suggests, a Stablecoin is designed to have a relatively stable price compared to the conventional cryptocurrencies. Stablecoins achieve their stability by being pegged to other assets – especially fiat currency like the U.S. dollar, Euros, or a commodity such as gold. They are usually collateralized by the asset they are pegged to. …
The Polkadot ecosystem unites a network of blockchains called parachains and parathreads, all connected to and secured by the Polkadot Relay Chain. The Relay Chain is the main protocol that coordinates the overall Polkadot network. While most computations on Polkadot are performed across parachains and parathreads, transactions are made permanent on the Relay Chain. In …
Crypto pump-and-dump describes a situation where a project or influencer encourages the public to buy a certain digital coin to raise its value (the pump). However, when the value of the coin goes up, the fraudsters sell their coins for their personal profits (the dump), while the coin loses value. The volatility of the crypto …
