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Learn: Cryptocurrency
and Decentralized Finance

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Cryptocurrency and

Decentralized Finance

What is a DEX?

A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to...

What is a Governance Token?

Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. Governance token...

What is a Funding Rate on a Perpetual Swap?

The funding rate is how the price of a perpetual swap is kept close to the price of the underlying asset. It works by sending periodic...

What is Impermanent Loss?

Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when...

What is a DeFi Liquidity Pool?

A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades...

What is a Perpetual Swap?

Perpetual futures were first proposed by economist Robert Shiller in 1992, to enable derivatives markets for illiquid assets. However,...