There are terms, abbreviations and definitions used in the Symbiosis' documentation.
Tokens, cryptocurrencies, and other types of digital assets that are not bitcoin.
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Automated market maker
A smart contract that creates a liquidity pool of ERC20 tokens, which are automatically traded by an algorithm rather than an order book. The price is determined by the ratio of assets in the exchange.
To delete a token.
(Crypto) Token
A type of cryptocurrency representing an asset or specific use and residing on a blockchain.
Cross-chain swap
An exchange of one token for another token. The exchanging tokens reside on different blockchains.
Any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions.
Decentralized exchange
A peer-to-peer marketplace where transactions occur directly between crypto traders.
ERC20 token
A crypto token that is created with the ERC-20 standard' use.
A unit that measures the amount of computational effort required to execute specific operations on a blockchain supporting smart contracts.
Gas fee
A fee that required to conduct a transaction or execute a smart contract.
Liquidity pool
A crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralized exchange (DEX).
Liquidity provider token
LP Token
LP tokens are tokens issued to liquidity providers on a DEX run on AMM protocol. When liquidity providers deposit tokens to DEXes, they receive LP tokens in exchange. LP tokens can be used to withdraw deposited tokens and rewards for staking.
To issue a token.
Multi-party computation
A cryptographic tool that allows multiple parties to make calculations using their combined data without revealing their individual input. The relayers use it within the Symbiosis protocol.
Native cryptocurrency
A cryptocurrency that is used to pay gas fees.
On-chain swap
An exchange of one token for another token. The exchanging tokens reside on one blockchain.
A node running special software, which participates in bridging blockchains.
Relayers network
A blockchain-agnostic permissionless P2P network of relayers with built-in crypto-economic incentivization mechanisms.
SIS token
The token of the Symbiosis protocol. It's used for staking and governing the Symbiosis DAO and DAO Treasure. Deployed on Ethereum.
Copy link