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Glossary | Symbiosis

The list of terms, abbreviations and definitions used in the Symbiosis documentation.
This document lists terms, abbreviations and definitions used in the Symbiosis' documentation.
Term
Abbreviation
Definition
Altcoin
​
Tokens, cryptocurrencies, and other types of digital assets that are not bitcoin.
Asset
​
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefits.
Automated market maker
AMM
A smart contract that creates a liquidity pool of ERC20 tokens that are automatically traded by an algorithm rather than an order book. The price is determined by the ratio of assets on the exchange.
Burn
​
To delete/destroy a token.
(Crypto) Token
​
A type of cryptocurrency that represents an asset or a specific use and resides on a blockchain.
Cross-chain swap
​
An exchange of one token for another token. The exchanging tokens reside on different blockchains.
Cryptocurrency
​
Any form of currency that exists only digitally typically has no central issuing or regulating authority, but instead uses a decentralized system to record transactions and manage the issuance of new units, and relies on cryptography to prevent counterfeiting and fraudulent transactions.
Decentralized exchange
DEX
A peer-to-peer marketplace where transactions take place directly between crypto traders.
ERC20 token
​
A crypto token created using the ERC-20 standard.
Gas
​
A unit that measures the amount of computational effort required to execute specific operations on a blockchain that supports smart contracts.
Gas fee
​
A fee that is required to run a transaction or execute a smart contract.
Liquidity pool
LP
A crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trading between the assets on a decentralized exchange (DEX).
Liquidity provider token
LP Token
LP tokens are tokens issued to liquidity providers on a DEX running on the 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 providing liquidity.
Mint
​
To issue a token.
Multi-party computation
MPC
A cryptographic tool that allows multiple parties to perform calculations on their combined data without revealing their individual input.
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.
Relayer
​
A node running specialized software. It participates in the collaborative work of the Symbiosis relayers network.
Relayers network
​
A blockchain-agnostic permissionless P2P network of relayers with built-in crypto-economic incentive mechanisms.
SIS token
SIS
The token of the Symbiosis protocol. It's used for staking and governing the Symbiosis DAO and DAO Treasure. Deployed on Ethereum.
Stablecoin
​
A cryptocurrency whose price is designed to be pegged to fiat money, exchange-traded commodities (such as precious metals or industrial metals), or or another cryptocurrency.
Synthetical token
sToken
A wrapped token used in the Symbiosis protocol in cross-chain operations to shift tokens from one blockchain to another.
Swap
​
An exchange of one token for another.
Symbiosis protocol
​
A decentralized multi-chain liquidity protocol that allows users to exchange tokens between all the chains while remaining the sole owners of the funds.
Threshold signature scheme
TSS
A protocol used to generate and sign distributed keys.
veSIS
veSIS
The Symbiosis protocol's Vote Escrow (ve) tokens. Holders lock their SIS tokens for a desired period of time and get veSIS tokens that can be used to get rewards and vote on Symbiosis proposals.
Wrapped token
​
A representation of one token through another. The source asset is locked in a special smart contract on the source blockchain, and:
  1. 1.
    The wrapped version is issued (minted) on the same blockchain OR
  2. 2.
    The wrapped version is issued (minted) on a destination blockchain.
​