WEB3 GLOSSARY
GAS FEE
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Gas Fee
Cost to execute a transaction or contract on Ethereum, paid in ETH, calculated as gas used × (base fee per gas + priority fee).
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Web3 Glossary
Blockchain and DeFi technical terms defined with precision and illustrated by real-world examples.
WEB3 GLOSSARY
LIQUIDITY POOL (LP)
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Liquidity Pool (LP)
A smart-contract pool of two assets that enables automated trading; liquidity providers earn a share of trading fees but face impermanent loss and, in newer designs, added complexity from concentrated liquidity.
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STAKING
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Staking
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain by locking up a certain amount of cryptocurrency to support network operations and earn rewards.
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IMPERMANENT LOSS
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Impermanent Loss
Impermanent Loss refers to the temporary loss of funds that liquidity providers experience when the price of the assets in a liquidity pool diverges from their original value at the time of deposit.
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SMART CONTRACT
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Smart Contract
A smart contract is a self-executing contract with the terms of the agreement directly written into code, operating on a blockchain to automate and enforce execution without intermediaries.
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