Glossary of Web3 Terms
A list of interesting terms and DAO words. Many entries were copied from BanklessDAO Education Guild, contributed by Quietfox.
If you have a term that you don't understand, you can add a new entry, and request someone to define it.
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DEFIDecentralized Finance Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain | |
DEXDecentralised exchanges, such as Uniswap, sushiswap, balancer, matcha, etc. This is different from CEX. | |
DM | |
DYORDo Your Own Research | |
dAppdApp or Decentralised application is a web3 type of software design. The backend database layer is the blockchain. The frontend display layer is typically a javascript based application, usually React.js or Vue.js. | |
droprefers to when a new NFT is ready for minting. Ie. The lunar NFT drop is coming soon. | |