Smart contract

A smart contract is a self-executing contract with the terms of the agreement directly written into lines of code. It automatically executes actions and enforces the agreed-upon conditions without the need for intermediaries. Smart contracts are typically built on blockchain platforms like Ethereum and enable trustless and transparent transactions.

More Definitions…

Non-fungible token (NFT)

A non-fungible token (NFT) is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, such as artwork, collectibles, or virtual real estate. Unlike cryptocurrencies, which are fungible and can be exchanged on a...

Yield farming

Yield farming, also known as liquidity mining, is a practice in decentralized finance (DeFi) where users can earn rewards by providing liquidity to liquidity pools or participating in specific DeFi protocols. Users can lend, stake, or lock their cryptocurrencies in...

Liquidity mining

Liquidity mining is a process in decentralized finance (DeFi) where users can earn additional tokens by providing liquidity to decentralized exchanges or liquidity pools. By depositing their cryptocurrencies into these pools, users contribute to the liquidity of the...