GLOSSARY

The decentralized interactions between parties in a distributed network, partitioning tasks or workloads between peers.

A P2P bridge is a feature on decentralized exchanges (DEX) that enables two users to swap the same cryptocurrency across two blockchain protocols without involving a third party.

P2P DEX, or peer-to-peer decentralized exchange, is a blockchain-based application that supports P2P trading.

Peer-to-peer (P2P) trading involves decentralized transactions where two users swap cryptocurrencies directly with each other. Both buyers and sellers interact without the involvement of a third party.

Trade between one cryptocurrency and another, for example, the trading pair BTC/ETH.

A physical document containing your private key or seed phrase.

Crypto P2P lending refers to a practice of lending assets without the involvement of a middleman. Such loans rely on collateral material originally owned by borrowers.

A “peg” is a specified price for the rate of exchange between two assets.

A stablecoin is a currency whose value is pegged to a real-world asset, such as a fiat currency.

Perpetual futures are like futures (derivative contracts or agreements to buy or sell a commodity at a specified price) but without an expiration date. They allow traders to leverage or hedge indefinitely, popular applications of this include Ethereum or Bitcoin.