Definition of terms

RWA

Real-world assets represented as tokens on the blockchain. To understand its value and rights, you need to view both the on-chain records and the underlying asset arrangements.

wallet

Tools for managing accounts, viewing assets and initiating signatures or transactions. Assets are recorded on the blockchain, and the wallet helps users control their accounts.

DeFi

A collection of applications and protocols that provide financial functions based on blockchain and smart contracts, such as exchange, lending and liquidity provision.

Gas

A unit in Ethereum that measures the computational effort required to perform an operation. Transaction fees depend on actual consumption and unit charges.

Stablecoin

A token that aims to maintain a stable value relative to a reference asset. The support mechanisms are different, and the risks and usage conditions are also different.

smart contract

The program deployed on the blockchain handles calls and status changes according to the conditions specified by the code. Automated code execution does not mean that the business is risk-free.

DAO

An organizational form that coordinates participants with common rules, often using proposals, voting, and contracts to manage some of the decisions. Specific rights and enforcement methods vary from organization to organization.

Liquidity

The conditions under which an asset is available for trading or withdrawal in a specific market or pool. Available liquidity affects whether operations can be completed and their cost.