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## 👩🏻‍🏫 DeFi glossary
<br>
* Fully diluted valuations (FDV): the total number of tokens multiplied by the current price of a single token.
* Market capitalization (MC): the number of tokens that are available in the market, multiplied by the price of a single token.
* Airdrop: “free money”.
* AML: anti-money laundering. Refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
* Contract account: a blockchain account controlled by code and can be activated only by an EOA.
* DEX arbitrage: happens when two DEXe are offering a token at two different prices and one can buy the token on the lower-priced DEX and sell it on the higher-priced DEX.
* Doxxing: act of publicly revealing previously private personal information.
* EOA: externally owned account. An account which is a combination of public address and private key. You can use these accounts to send and receive Ether to/from another account.
* FATF: Financial Action Task Force.
* Liquidation: when the value of a borrowed asset exceeds the collateral and anyone can liquidate the collateral and collect the liquidation fee for themselves.
* Mempool: (a contraction of memory and pool) is a cryptocurrency node’s mechanism for storing information on unconfirmed transactions.
* Merkle tree: a type of binary tree, composed of: 1) a set of notes with a large number of leaf nodes at the bottom of the containing the underlying data, 2)a set of intermediate nodes where each node is the hash of its two children, and 3) a single root node, also formed from the hash of its two children, representing the top of the tree.
* Minting: computer process of validating information, creating a new block and recording that information into the blockchain.
* Multi-sig: Short for multi-signature wallet, a type of onchain wallet where multiple signers must sign for a transaction to be executed.
* Nonce: an abbreviation for "number only used once," which, in the context of cryptocurrency mining, is a number added to a hashed—or encrypted—block in a blockchain that, when rehashed, meets the difficulty level restrictions. The nonce is the number that blockchain miners are solving for. When the solution is found, the blockchain miners are offered cryptocurrency in exchange.
* OSINT: Open-source intelligence is a term used to refer to any information which may be freely gathered from public sources; generally it refers to information that can be found on the internet.
* Pentests: A pentest is short for a penetration test, wherein security experts attempt to break into a protected computer system and disclose results so that they can be mitigated.
* Sandwich attack: when slippage value is not set, this attack can happens by an actor bumping the price of an asset to an unfavorable level, executing the trade, and then returning the asset to the original price.
* Sats: short for “satoshis,” a term derived from the first name of Satoshi Nakamoto. It refers to the smallest fraction of a bitcoin that can be sent, which is 0.00000001 of a bitcoin.
* Shitcoin: to talk about projects that are well...shit.
* Slippage: delta in pricing between time of order and when order is executed.
* Stablecoin: digital currency pegged to a 'stable' reserve asset like the USD or gold. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Swap pair = “trading pairs” or “cryptocurrency pairs” are assets that can be traded for each other on an exchange.
* Tabnabbing (a sophisticated phishing attack).
* Testnet: instance of a blockchain powered by the same or a newer version of the underlying software, to be used for testing and experimentation without risk to real funds or the main chain.
* TVL: Total value locked. Value of all tokens locked in various DeFi protocols such as lending platforms, DEXes, or derivatives protocols.
* VASPs: virtual assets and virtual asset service providers.
* Gwei: a small unit of the Ethereum network's Ether (ETH) cryptocurrency. A gwei or gigawei is defined as 1,000,000,000 wei, the smallest base unit of Ether. Conversely, 1 ETH represents 1 billion gwei.
* Whales: individuals or institutions who hold large amounts of coins of a certain cryptocurrency; can become powerful enough to manipulate the valuation.