Crypto Glossary

• What is a crypto wallet address?

  A crypto wallet address is the public address for your crypto wallet.   Each crypto wallet has an individual wallet a...

• What is a transaction hash?

  A blockchain transaction hash (also called a transaction ID) is a unique set of characters assigned to every transact...

• What is a network token?

  A network token is the primary token used on a crypto network. You need to have enough of the network’s token to pay ...

• What is a network cost?

  Every blockchain transaction has a non-refundable network cost, even if it fails. Validators use their resources to d...

• What is a Layer 2 Network?

  Layer 2 Network key takeaways A Layer 2 is a scaling solution built on top of Ethereum to reduce transaction costs....

• What is a token contract address?

  A token contract address is a unique address that represents a token on the blockchain.   Both wallets and tokens hav...

• What is a token fee?

  A token fee is the amount that a token charges when you buy, sell, or transfer it.   Tokens that charge fees are also...

• What is a private key?

  There are two keys for every crypto wallet, a private and a public key. Both are a sequence of numbers and letters. T...

• What is an approval transaction?

  The first time you swap or add liquidity, you have to approve the token to be swapped. This gives the Uniswap Protoco...

• What is price impact?

  Price impact is the change in token price directly caused by your trade.   Price impact is reflected as the differenc...

• Price Impact vs Price Slippage

  Price impact and price slippage are two common terms used to describe the outcome of a change in price when swapping ...

• What is a range order?

  A range order refers to adding single-sided liquidity with the intent of removing the liquidity after the position is...

• What is a liquidity pool?

  A liquidity pool is a pairing of tokens in a smart contract that is used for swapping on decentralized exchanges (DEX...

• What is Impermanent Loss?

  Impermanent loss (IL) is when the prices of tokens in a liquidity pool change from what they were when the liquidity ...

• What does closed liquidity mean?

  Liquidity is marked as "closed" when the provider has removed their liquidity.   Here is an example of a liquidity po...

• What is a stablecoin?

  A stablecoin is a cryptocurrency that is tied to a stable asset in order to maintain a stable price. The price does n...

• Rebasing, reflection, and debasing tokens

  Rebasing, reflection, and debasing tokens use code to change the token supply based on conditions defined by the toke...

• What are NFTs?

  NFT stands for Non-Fungible Token. NFTs are public, verifiable, digital assets. They are tokens that live on a blockc...

• What is a floor price?

  Floor price refers to the lowest price of an NFT in a collection.   Buyers and sellers make up a market, and they dec...

• What does sweep mean?

  Sweep means to buy all the listed NFTs in a collection at the current floor price.   The floor price is the lowest pr...