📑Glossary

A List of products on LayerFlow

Swap: A transaction on a decentralized exchange from token A to token B.

Cross-chain: Interoperability between two blockchains that are generally autonomous.

Liquidity provider (LP): A liquidity provider is someone who locks liquidity in a protocol in exchange for a reward.

Annual percentage yield (APY): Is the annual interest rate on an account (including compounding).

Slippage: Is the difference in price between a cryptocurrency's quotation and paid price.

Staking: A crypto-asset that performs activities inside a network or protocol in exchange for rewards.

Total value locked (TVL): The quantity of assets that are staked in a certain protocol.

Fully diluted valuation (FDV): The value of a token or protocol taking into account all existing tokens.

Impermanent loss: A loss that happens when tokens are placed in a liquidity pool and the token ratio becomes unequal.

Automated market maker (AMM): An automated market maker is a protocol system that prices assets using a mathematical formula.

LAYERF tokens: LAYERF tokens are fungible tokens on the Binance Smart chain.