A Collection of 100 Common Airdrop Terms and Concepts Every Web3 Beginner Must Learn

Essential for navigating the crypto world! A-Z Quick Reference Manual of 100 High-Frequency Terms

ATH——All Time High
Aggregators——Liquidity aggregators: New decentralized exchange platforms that integrate liquidity pools from multiple exchanges to intelligently match the best transaction prices
APY——Annual Percentage Yield: The total annual return including compound interest
Arbitrage——Cross-platform arbitrage: A profit strategy that takes advantage of price differences between exchanges
APR——Annual Percentage Rate: The basic return rate not accounting for compound interest
AMM——Automated Market Makers: Algorithm-based decentralized trading systems
AML——Anti-Money Laundering: A risk control system to prevent the legitimization of illegal funds
AMA——Ask Me Anything: A communication format for direct dialogue between the team and the community
BD——Business Development: Market expansion work covering resource matching, cooperation negotiations, etc.
Byzantine Fault Tolerance——The core proposition of blockchain consensus mechanisms: How distributed nodes achieve trustworthy collaboration

Impossible Triangle——The balancing problem of blockchain technology: Decentralization, scalability, and security cannot all be achieved simultaneously
Super Mario Market——Severe price fluctuations caused by high control by market makers
Genesis Block——The initial block of a blockchain network
Collateral——Assets used as guarantees for lending/derivatives trading
CEX——Centralized Exchange: An asset custody trading platform
CeFi——Centralized Finance: A financial service system that relies on intermediary institutions
veToken——Vote-Escrowed Token: An economic model that grants voting rights through token locking
Governance Token——A certificate of protocol decision-making rights: Holders participate in community proposal voting
Token Weight Voting——A governance model where the number of tokens held determines voting influence
Time-Weighted Voting——A governance mechanism where the duration of token locking determines voting weight

Doxx——Identity disclosure: The project team gives up anonymity (antonym: Undoxxed)
DYOR——Do Your Own Research: A disclaimer prompting users to conduct their own research
Floor Price——The lowest listing price for an NFT series
DAO——Decentralized Autonomous Organization: A governance system operating based on smart contracts
DEX——Decentralized Exchange: A trading platform where users self-custody their assets
DeFi——Decentralized Finance: Financial infrastructure based on blockchain
DApp——Decentralized Application: Open-source programs running on blockchain networks
EVM——Ethereum Virtual Machine: The smart contract execution environment
ERC-1155——Multi-Token Standard: Supports the bulk creation of fungible/non-fungible tokens
ETF——Exchange-Traded Fund: A financial product that tracks the performance of underlying assets

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